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EME Empyrean Energy Plc

0.40
0.00 (0.00%)
Last Updated: 12:51:10
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Empyrean Energy Plc LSE:EME London Ordinary Share GB00B09G2351 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.40 0.36 0.399 - 2,016,353 12:51:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 0 -20.8M -0.0211 -0.19 3.94M
Empyrean Energy Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker EME. The last closing price for Empyrean Energy was 0.40p. Over the last year, Empyrean Energy shares have traded in a share price range of 0.28p to 1.11p.

Empyrean Energy currently has 985,470,767 shares in issue. The market capitalisation of Empyrean Energy is £3.94 million. Empyrean Energy has a price to earnings ratio (PE ratio) of -0.19.

Empyrean Energy Share Discussion Threads

Showing 281476 to 281499 of 281500 messages
Chat Pages: 11260  11259  11258  11257  11256  11255  11254  11253  11252  11251  11250  11249  Older
DateSubjectAuthorDiscuss
23/5/2024
09:36
Conrad volumes increasing as well as price. Back over $1 in next couple of days!
blueblood
23/5/2024
08:53
'Disgraceland' - very good and quite so!
odillon
23/5/2024
08:43
Fwiw, CRD has climbed a bit over the last few days
blakieboy7
23/5/2024
05:57
Ah I see what you did there, Odillon; from Disgraceland to Graceland.
cmackay
22/5/2024
22:07
Apart from the RNS from EME I cannot find anything online about the court case that they said they took in the Singapore Courts or the freezing order that they said they obtained by way of an injunction. I am not saying they did not take these steps, I just cannot find any independent verification of this at the moment.

It would be interesting to know whether there was any money in the bank account that they say that had frozen?

Meanwhile back at Graceland, Elvis's granddaughter is fighting against the enforced sale of the property, asserting that a loan in the name of Lisa Marie Presley secured on the property is fraudulent.

odillon
21/5/2024
18:06
Shocking naivety. Any other CEO of a small company would have been dismissed. Fact.
showme01
21/5/2024
13:12
Yes I remember, not even a provision written off, in effect little chance of any recovery, it will have been moved the same day it was transferred to another account or accounts.

It is basic stuff, and should have never happened, not even any cyber insurance in place, I don't know who authorised it but they should have been dismissed, nothing was advised in any detail, probably too embarrassed.

stewart4990
21/5/2024
13:09
Far to suspicious
imho

judijudi
21/5/2024
12:55
Jj. It wasn't mentioned in the 2023 results because it was written off a year earlier. The company will pursue as, and when, they have the spare funds to do so - was the position about a year ago. I would respectfully suggest that until that time comes - forget it. Imo


For the Year Ended 31 March 2022


2022 2021
Notes US$'000 US$'000

Revenue - -
-------- --------

Expenses
Administrative expenses (377) (351)
Compliance fees (302) (225)
Directors' remuneration 4 (402) (387)
Foreign exchange differences 3 (518) 20
Impairment - exploration and evaluation
assets 8 (4,127) (3)
Cyber fraud loss 3 (1,981) -
Total expenses (7,707) (946)

Operating loss 3 (7,707) (946)

Edit: That didn't copy across very well! It was written off in the Final accounts to 31st March 2022

jemjem
21/5/2024
11:19
Can’t see any mention of it in the 2023 Final Results


I think this was the last time it was mentioned
16.9.22
Taken From The Final results



Cyber Fraud Incident
As announced to the market, in December 2021 the Company made a payment totalling US$1.98 million to COSL, representing a 10% deposit on the dry hole cost component of the Integrated Drilling Contract (" IDC ") signed with COSL; however, the Company was subsequently informed that this payment was not received by COSL and had been paid to a fraudulent third party as a result of an impersonation fraud perpetrated against the Company.
The Company then worked with its bank, the recipient bank and the police authorities in three jurisdictions to initiate actions including the freezing of the recipient bank account and the commencement of recovery actions.
Empyrean commenced legal proceedings in the Singapore courts against the company believed to have committed the fraud and obtained an injunction order on 21 January 2022 to freeze its assets and obtain further banking information. Empyrean will continue to take the necessary steps and is taking legal advice for the purpose of pursuing recovery of the funds involved in the fraud. Empyrean continues to cooperate with the Singapore Police investigation into the fraud. Empyrean has taken the steps above, upon legal advice, in order to escalate the recovery process.
Empyrean has also reviewed its internal control policies including overseas and domestic payment processes and has added further authority approvals and procedures for all material payments.

judijudi
21/5/2024
11:11
It was indeed
We have had one or 2 updates since that we are taking legal proceedings etc etc but nothing for a while

judijudi
21/5/2024
10:24
I remember when the news was announced. It was hidden within an unrelated RNS - that was huge news that should have been announced in isolation imo
blakieboy7
21/5/2024
10:09
cma,
I have for a long time

judijudi
21/5/2024
10:08
That's the $2m question. I have my suspicions.
cmackay
21/5/2024
09:50
Was it incompetence or something worse 🤷‍a94;️
judijudi
21/5/2024
09:27
Need to suffer like shareholders especially as fraud was sheer incompetence imo
blueblood
21/5/2024
09:01
Should have been on vastly reduced salaries following fraud and until our assets generate reasonable revenue or sold. Money for nothing.....
blueblood
17/5/2024
11:02
He’s had a lot of names over the years
Can’t remember many being complimentary (apart maybe from folk who think spudding wells on 5th rate projects are a cause for celebration)
imho

judijudi
17/5/2024
10:47
He should change his name to Ned Kelly. A highway robber there is no doubt.
aberdeenandy
16/5/2024
20:21
Needs ? out
blueblood
16/5/2024
17:50
I feel like I get a Tom Kelly wedgey every time he does another salary 'sacrifice '
showme01
16/5/2024
17:31
Salary sacrifice 😂🤣
judijudi
16/5/2024
16:33
is it salary sacrifice time ?
currypasty
16/5/2024
16:33
Won't be long before we are back to a quarter pee
digger2779
Chat Pages: 11260  11259  11258  11257  11256  11255  11254  11253  11252  11251  11250  11249  Older

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