Empyrean Energy Share Discussion Threads

[blueblood] 23/9/2021 10:34

The problem is the wider market needs to know about the potential at Duyung not just hard core of current investors! Funding for China will be the catalyst for big move up into spud and hopefully will be finalised in October

[michmcd] 23/9/2021 10:33

Has anyone actually been able to attend today? Why these things cant be streamed live on a zoom or teams event baffles me.

[lazarus2010] 23/9/2021 10:13

Obviously those sellers don't read this bb! If they stopped to think of the potential future value of Duyung I'm sure they would hold back with their sells. If Conrad's belief of this being one massive gas field are correct, and we join up with our neighbour, surely this would double the gas in place figures, then there are the deeper Muda plays, could double again. At a conservative 3pps for the exiting estimate, this could easily be worth 12pps before it starts production, and then the value will increase even more! 2-3 years to put into production and at relatively minimal cost if Conrad go down the leasing route as mentioned previously by Saf.

Saf - I have to say now that you seem to have stopped the personal jibes at other posters your posts and the information contained therein are most welcome! Keep up the great work!

[cmackay] 23/9/2021 10:03

A presentation

[blueblood] 23/9/2021 09:42

We really need proper Duyung update. It's been all hints and bits from google this last year and Conrad had more than enough time to sort GSA out!

[judijudi] 23/9/2021 09:41

Yep sometime today
All resolutions passed

[michaelhfrancis] 23/9/2021 09:40

News at 10???

[rajawali] 23/9/2021 09:03

GBP 40K worth of sales is no big deal in the context of the prize here. Just as pitifully low volumes can push this lower, the reverse is true. I guess there are still some questions about the funding gap and at what level warrants will be exercised, given their extrinsic value. It would be suicidal to build a short position and trying to unwind it in a no-offer market. 11 weeks to go. One way or another, this will be drilled imho.

[go_baby_go] 23/9/2021 08:58

Not have funds the for another 250k, best I could manage is 183,550. Can not see this going down to 6p with further news on the horizon imo.

[bengal1] 23/9/2021 08:43

Blimey, why all the really big sell orders.. Down to 6p

[lazarus2010] 23/9/2021 08:43

looks like someone just got their gas bill!!

[blocker2] 23/9/2021 08:32

Looks like someone got some cheap stock

[abergele] 23/9/2021 08:30

So who are selling ,
who should never have bought in ,
who can't hold and wait..
or is it warrant sellers?

[blocker2] 23/9/2021 08:21

Cheerful morning

[lazarus2010] 22/9/2021 22:09

Saf
Re "What is also very interesting is the statement made to the Indonesian media recently by the regulator MIGAS that Medco Energi is seeking a B2B agreement with Conrad as the field extends to Medco´s working interest. This suggests that Mako is even more extensive than previously considered. Conrad has already confirmed that the gas field is one continuous single tank of natural gas."

Will Tom be able to make such a statement, or could he refer to Conrad's statement so that the wider market is able to consider the possibility?

Could Gaffneys be requested to consider this in a what if scenario?

We will only benefit from such speculation in the short term if it becomes official speculation and the news is able to be put out there by the likes of Malcy imho

[safiande] 22/9/2021 17:10

bb,

Tom may not let it go for all the black tea in China.....at least not yet?

[blueblood] 22/9/2021 17:00

Thanks Saf Duyung is shaping up to be a fantastic asset for EME! It's just a pity about the stranded gas lol...

[safiande] 22/9/2021 16:45

Tarz,

I hope you are having nice hols in Majorca.

If you look at the map you can see the potential extent of the Mako reservoir by considering the distance to the Medco wi shown by an illuminated blue dot. The Mako field is c.100km to the main WNTS pipeline as Conrad is considering a direct tie in to the pipeline rather than using the Karisi platform 16km away. This provides some idea of scale.

[starzerus] 22/9/2021 16:27

I would agree with your assumptions Saf.

[safiande] 22/9/2021 16:11

Blueblood,
The figure of 150mmscf/ pd is taken from the Apr 2020 release from the JVP and is derived from 5 development wells to be drilled in 2023 at 30mmscf/ pd per well. This is phase 1 only as further wells are planned thereafter which will take the total to 200mmscfpd -300mmscf/pd. This is plateau production over a 10 year period from 2024 and then tapering off slightly for the next few years. Very impressive metrics for the new GSAs imo. This is the shallow Muda field only as further deeper drill ready prospects have been identified post seismic.
What is also very interesting is the statement made to the Indonesian media recently by the regulator MIGAS that Medco Energi is seeking a B2B agreement with Conrad as the field extends to Medco´s working interest. This suggests that Mako is even more extensive than previously considered. Conrad has already confirmed that the gas field is one continuous single tank of natural gas.
I expect that EME is to some extent relying on Duyung news to bolster the share price before the exercise of the warrants on 22 Oct, perhaps around the time of the next Jade news in mid Oct or so.

[blueblood] 22/9/2021 16:05

Revised PoD finalised and approved for Duyung with increased maximum production of 150 MMscfd (up from 45). I know this has been discussed on here but not sure it has been subject of RNS? Is this first official confirmation?

[wcj] 22/9/2021 16:04

p6
"the momentum to secure a GSA has picked up pace"
Is that a fast pace or a slow pace?

[safiande] 22/9/2021 15:54

AGM presentation.

[blueblood] 22/9/2021 15:29

Ho or Hoe is going to be f*ucked with their shorts very soon....

[stewart4990] 22/9/2021 14:28

Afternoon,

Is there a Q & A with the AGM, bring on the funding details, a J V would be nice, oil and gas prices still high.