Empyrean Energy Share Discussion Threads

[judijudi] 03/9/2021 12:41

Bengal
So your not stopping for the drill
Your stopping for 10p

[abergele] 03/9/2021 12:40

Just had my type of topup,,a monthly,only 10k,,
but don't all rush to sell again as you know well my timings....haa,haaaa..
gl all.Lth's..
oh ,all paid for, and in my ISA again,,

[dollythesheep2] 03/9/2021 12:37

Hodge Podge or Chris M how's it going with your spat with Andrew Child's? Are you on a cease and desist now over your blatant lies on hotcopper about him and selling shares. DiscussBe good when we can get a flight over from Brisbane when that stupid woman releases NZ from prison then we can play the kidnappers course maybe you could join us or we can pop in. See you spouting your usual rubbish what has Kelly done to you in the past? Discuss

[bengal1] 03/9/2021 12:30

Yes... Game on because drill booked..

[abergele] 03/9/2021 12:30

JemJem,
there seems my answer from you, about not letting it go higher as yet..
They are short of stock perhaps?

[whipsawtom] 03/9/2021 12:26

My opinion is based on the following ;given there is a ‘fill to spill’ setup in the basin and 3 of the 4 close by CNOOC discoveries are filled to their P1 potential - ie filled to their mapped trap size and then spilling potentially into the nearest traps in the oil migration pathway - that is towards Jade then Topaz. And that the fourth discovery was filled to P10 potential. My guess - and this is just an educated guess after talking with geologists and geophysicists with more relevant technical credentials that can opine on these matters with greater predictive credibility - is that Jade will either be similarly filled to spill or empty. There is a 1/3 GCOS given by Gaffney Cline. There is a 2/5 GCOS given by Empyrean. So if Jade is filled to P1 like 3 out of 4 nearby discoveries then it could hold 440 million barrels. If the reservoir quality is as good as the nearby discoveries then recovery rates could be 50%. 220million barrels at a very conservative discovery value of US$5 per barrel is US$1.1 billion. Multiply that by 49% and times it by 0.723 to get GBP and divide it by 720 million shares (Empyrean fully diluted after all warrants and bonus warrants exercised) and you get 54p. After successful appraisal this could be worth US$10 per barrel (108p) and NPV is closer to US$18 per barrel. If Topaz comes in as well then these numbers look like 136p on discovery and 287p on appraisal. So by my admittedly rampant numbers I do hereby stand corrected and am looking forward to the humorous onslaught from those with an ulterior motive - it was not a 10-20 bagger at all - it was 9.8 - 19.6 bagger for Jade alone rising to a 25 - 50 bagger if Topaz comes in as well! Now the easy thing to attack is the chance - knock yourself out - I am only interested if the oil is there and if it is then it’s a chance of a 9.8-19.6 bagger on Jade and a 25-50 bagger on Jade+Topaz - I had to repeat myself there because the numbers look so good!

[bengal1] 03/9/2021 12:24

I am happy with 10p. Also I did not know about the Placing.

[judijudi] 03/9/2021 12:19

Why didn’t you buy in the placing if your stopping for the drill?
All those warrants your missing out on

[bengal1] 03/9/2021 12:06

It's me buying..albeit not that one..

[petercrosby] 03/9/2021 12:04

Are the warrants transferable?

[judijudi] 03/9/2021 12:00

Bengal,
Yeah right

[bengal1] 03/9/2021 11:56

Nope Judi, the rig news was the catalyst and significant step forward. I'm here for the drill.

[the donald] 03/9/2021 11:56

10:53:44 5.40 250,000 13.50k O
Another delayed buy. Someone is building a stake

[judijudi] 03/9/2021 11:54

Bengal,
You’ll soon be gone when you get your penny or so profit

[jemjem] 03/9/2021 11:54

TD.
I happened to be checking online limits when the 85k sell went through at 5.3p a few minutes earlier. At that time you could buy 400k at 5.32 (I didn't try any more).
I have a feeling the 760k was a genuine straight buy and they're now trying to get a few back bidding for 350k at 5.305p
Imo

[the donald] 03/9/2021 11:43

03-Sep-21 09:41:01 5.32 762,745 Sell* 5.30 5.50 40.58k

Just printed as a sell but the sells before that time were at 5.30 rather than 5.32. With that size volume, I'd guess this was a buy being filled by dropping the share price

[hang ten] 03/9/2021 11:42

Sleeping tablets not working ?

[michaelhfrancis] 03/9/2021 11:38

I think that a loan facility of up to ten million was organised a few years back in Hong Kong it looks to me every thing is coming in to place at the right time. glta

[abergele] 03/9/2021 11:34

You have to laugh at these m/m's,,
down a bit on over 220k or more sells ,
now 3 x as many buys and we are barely plus positive,,bahhhh,,gl all,

[hang ten] 03/9/2021 11:22

:D ... my thoughts exactly

[grannyboy] 03/9/2021 11:21

My thoughts are the fundraise will be at around the .4p level, though it depends as they get nearer the drill date how desperate they get for funding.

[digger2779] 03/9/2021 11:18

Not heard from Toon for a while. Always like it when he goes awol. Usually means something is brewing.

[the donald] 03/9/2021 11:11

Well done go baby go.