Empyrean Energy Share Discussion Threads

[hang ten] 21/1/2020 14:48

The 75k sell was a friend of mine. Regrettably had to sell due to a project overrun. He intends getting back in as soon as funds available again.

[stewart4990] 21/1/2020 14:34

Perhaps time to add

[blocker2] 21/1/2020 11:40

Wow, that's a sell........

[safiande] 21/1/2020 11:26

Gasfields pulled out of the Sacramento basin projects & subsequently delisted from the ASX.

[mark of the rushes] 21/1/2020 09:30

Sgc don't own those shares. They were issued to pay for licences.

[currypasty] 21/1/2020 09:07

does that mean they can sell them and raise some cash?

[blakieboy7] 21/1/2020 09:05

https://hotcopper.com.au/threads/ann-securities-to-be-released-from-voluntary-escrow.5184019/?post_id=42500047

[blakieboy7] 21/1/2020 09:05

Interesting news just out on hot copper re SGC and securities to be released from escrow

[blueblood] 21/1/2020 08:21

Looking for Duyung reserves upgrade in next few weeks. This will be a game changer and open up financing alternatives for China imho.

[blakieboy7] 21/1/2020 06:13

While I'm curious about Borba, I'm also also curious about the work over plan for Dempsey

[dafrog] 20/1/2020 14:44

No trades today, but down.

[bushman1] 19/1/2020 12:55

We could know tonight at 23.00 hrs ASX opening. SGC / EME on Hotcopper bb . This is the main ASX forum to join : no Subscription fee either. https://hotcopper.com.au/

[bushman1] 19/1/2020 12:55

We could know tonight at 23.00 hrs ASX opening. SGC on Hotcopper bb . This is the main ASX forum to join : no Subscription fee either. https://hotcopper.com.au/ My thinking is California Resources Corporation will have arranged funding through Colony Capital ~ up to the full $ 4.3 mill required or part thereof ~ in exchange for a chunk of EME's. AMI . EME receive in return additional Working Capital for Far East 2020 operations where TK is really focused. Please DYOR All IMHO.

[blakieboy7] 19/1/2020 11:44

Bushman?, I hope Eme don't give up Borba completely

[bushman1] 19/1/2020 11:09

Agreed jj. It will be intriguing to know the WI's in the Borba prospect. My ten pennyworth envisages California Resources Corporation taking on the Lion's share of funding the prospect ~ $ 4.3 mill ~ in exchange for EME's 30 % AMI. It was interesting to note no reference to the US in the RNS.

[judijudi] 18/1/2020 09:10

https://uk.advfn.com/stock-market/NYSE/SLB/share-news/Schlumberger-to-Pare-U-S-Operations-WSJ/81555496 “Chevron and Exxon Mobil have written off billions in U.S. natural gas assets in recent years” A good move by Mr Kelly to get us out of our Marathon deal and maybe an indication that we should minimise interest in our USA gas projects and concentrate everything on our current assets in Indonesia and the SCS These big oilers are planning to minimise their USA exposure and concentrate on oil rich overseas areas. Must be good news for EME? bwtfdik 🤷‍♂;️🤷‍♂️

[nexus7] 17/1/2020 18:25

Sorry if already posted. Sacgasco secures drilling permit for Borba gas well in California hTTps://www.nsenergybusiness.com/news/sacgasco-drilling-permit-borba-well/

[bushman1] 17/1/2020 16:55

Kwizza : WI's currently in Borba are : Sacgasco Operator 46 % Empyrean 30 % Xstate 24 % The dry well cost is US $ 4.3 mill. EME / XST / SGC are operating on relatively modest budgets. A cash rich partner has therefore / is being sought . On 10th September 2019, SGC noted in their presentation at The Good Oil conference, Perth ' California Resources Corporation ( CRC ) ' were a Co-Venturer. ' SGC working with the Basin's Largest Producer '. ( Page 5 ) Also, Borba prospect creating '' broad industry interest '' If SGC are to spud end January / beginning of Feb as per GJ interview on 9th December 2019, details should be provided in the near future : Final WI's and confirmation of new JV partner (s) / Confirmation the drill pad has been completed ( by Nor Cal Pump & Well drilling ) / Type of rig insitu / Envisaged Spud date. Please DYOR

[currypasty] 17/1/2020 16:39

Sacgasco led Borba AMI interests are: Sacgasco Limited (Operator) 46% Empyrean Energy PLC 30% Xstate Resources Limited 24% that's the ami interest, but who pays what % is slightly different

[kwizza] 17/1/2020 15:33

People have been asking about Empyrean and Borba Does this show correctly the Empyrean Interest in the drill at Borba ?? www.sacgasco.com/wp-content/uploads/2018/01/Final-Permit-Received-for-Borba-Natural-Gas-Well.pdf

[bushman1] 17/1/2020 14:52

SACGASCO LIMITED (ASX:SGC) Many thanks JJ, the below interview was held on 12th December 2019. Release Date: 12/12/19 13:47 Summary: Investor Stream Interview Price Sensitive: No Download Document 824.03KB INTERVIEW Sacgasco (ASX:SGC) Managing Director Gary Jeffery joins Investor Stream after the Company received the final drilling permit for its Borba Natural Gas Well in the Sacramento Basin. Gary discusses the compelling geology at Borba, the comparison between the Sacramento and Perth Basins, and previews the Company's approach to the upcoming drilling program. Spudding : late January to early February 2020 : 2 mins 5 secs in : https://www.investorstream.com.au/sacgasco-release-december

[blakieboy7] 17/1/2020 14:31

Jemjem, I'd agree it looks somewhat out of date. It contradicts what SGC are saying completely

[jemjem] 17/1/2020 14:28

"California - The JV continues to evaluate the potential of the Alvares-1 well, with the initial plan involving the re-entry and assessment of the integrity of the existing wellbore, with the results being used as a basis to either record modern logs or to identify more prospective zones for perforation. At Borba, the drilling application for the Borba prospect was approved both by the County and by the California Department of Geological and Geothermal Resources. We expect the majority of 2020 will focus on the planning of an initial well in H2/20." bushman1. That's where it comes from but it does seem to be a bit confused or out of date. Maybe he spoke to GJ and it was all too much to understand what the real position is? Imo

[bushman1] 17/1/2020 13:46

I've spoken a few moments ago to the relevant O & G Analyst at Cenkos, I think he would also like to have the link / read this observation of yours . Many thanks.

[bushman1] 17/1/2020 13:41

Hodge Podge, would you be able to provide the link to the Cenkos note re : Borba Working Interests only being decided in H2 ?