Empyrean Energy Share Discussion Threads

[blueblood] 23/11/2021 08:46

Only 5 trading days until December. Something's got to give soon! Haven't they done the final site survey yet?

[jemjem] 23/11/2021 07:59

French not my strong point.I assume the translation of that is:
The likelihood of the next bit of news being something we want is increasing rapidly?

[lazarus2010] 23/11/2021 07:49

JJ...relax, take a chill pill.

Begorrah, can you justify your assertion...Duyung is a VERY VERY high value asset. I've laid out what I would expect the payment terms to be, so even if Duyung GSA does not get signed before we have to make first payments, I'm pretty confident that the GSA signed rns will land before we need to make the bulk of the payments.

Also from my experience, I am currently working on a major project where we are using a Chinese company who are a leader in a specific sector of green technology involved in waste to energy. We have contracted them for 3 projects across Europe, and they are bending over backwards to get their technology used on our projects. They are coping with the increased costs of steel, transport from China, Covid and they are still delivering everything on time and are absorbing all additional costs. Their payments are based purely on milestones and allow for a significant 'credit period' where payment is made following approval of all works and invoices. This is how they work when they 'want' your business, and I would be very surprised if our Duyung counter parties are much if at all different.

That's just my opinion, mais je ne sais riens, merd alors! s'il vous plaît ne répondez pas car j'ai eu trois weetabix pour le petit déjeuner et je me bats pour un combat :-))))))

[starzerus] 23/11/2021 07:28

No it isn’t.

[begorrah88] 23/11/2021 07:22

The likelihood of the next bit of news being something we don't want is increasing rapidly.

[cmackay] 22/11/2021 21:12

ד מִת;ְא’3;וּ64;ה וָא;ַי’0;ן, נַפ;ְש“3;וֹ עָצ;ֵל; וְנ;ֶפ’2;שׁ חָר;ֻצ’0;ים תְּ;דֻ—3;ּׁ64;ן.

[starzerus] 22/11/2021 17:56

You can say that again mich

[michmcd] 22/11/2021 16:51

Гре;баl5;ый чле;н нуж;даk7;тс03; в пощ;ечl0;не

[barony] 22/11/2021 15:38

French! Italians say it, if speaking French!

[blakieboy7] 22/11/2021 15:30

I bet CM ticked helpfull up with all 3 of his avatars

[whipsawtom] 22/11/2021 15:12

Tickety Tock, what a jock!
3 negative posts in a row. Every 3 days or so.
Personne qui trompe, as they say!
En Francois pas en italien!
30-40% chance of success - mais oui!
Hmmmm….? What is a couple of hundred million barrels of light oil worth to the country that is now the biggest importer of oil in the world? It would be HELPFULL to do the maths and then we will see if it is a fait accompli!

[lazarus2010] 22/11/2021 14:42

very tight spread atm 7.0025 vs 7.025

Judi, I'm sure some Italians say 'fait accompli' ;-)

blue...hopefully 2021!!!

Mark Hood certainly seems to be very upbeat, and I like his comments that Duyung is a VERY VERY high value asset...

this time next year we'll be millionaires Rodders...

[judijudi] 22/11/2021 14:02

Fait accompli as the Italians say 😂🤣

[digger2779] 22/11/2021 12:58

helpfull - i thought Fait accompli was French not Italian. You can't even get that right so why should we listen to you?

[blakieboy7] 22/11/2021 12:39

We don't care what you think. Come on Mr K shut him up with the funding news

[helpfull] 22/11/2021 12:24

Tickety Tock! What a shock!

" drilling of the Jade Prospect remains subject to further funding being secured by the Company"

$12,300,000 for the drill and $7,400,000 for testing to be found. As time passes the most likely outcome is a cash raise. Fait accompli, as the Italians say. That would be a lot of new shares. Hundreds of millions. The predicted pre-drill rise hasn't happened. The chance of success is only 30-40%. Are you numpty enough? Be careful.

[thetoonarmy2] 22/11/2021 11:48

Having listened to the Coro presentation on proactive I thought it was very promising on Duyung Mark Hood came over well the way he answered on Duyung was good and the smirk on his face said a lot, so if we are joined up with the Medco field what on earth will that do for the value to EME Now all we need is the news on funding the China drill. I have suggested to TK that he should announce he is looking at doing carbon capture at Riverbend and Eagle oil pool he will get loads of new buyers mention green and every numpty in town will buy us, he wasn't impressed with my suggestion though ah well just a thought.

[blueblood] 22/11/2021 11:08

End of what year though Laz?

[lazarus2010] 22/11/2021 09:56

I've just updated my previous summary of Coro Q&A



Mark Hood stated the following...

Coro looking at all possibilities of sell/sell some/develop...preference may be to develop.

Stated that Duyung is a very very high value asset and holds a great amount of value to Coro and the rest of our partners in the asset.

Guidance from Conrad is that GSAs are in progress and will be signed by the end of the year and everything looking promising...clearly this is any time from now until then...

Was asked about Medco B2B discussions - unable to comment (does not have any information that they can release as negotiations are between Conrad and Medco / SKK Migas), however imho it's interesting that he did not deny that any B2B negotiations were taking place!

Was also asked if new PoD would be required if it is proven that Mako connects to Medco Natuna C Block B existing field. He confirmed that yes a new PoD would be required (so didn't deny that Mako might be joined to Medco's field).

All sounding very good, especially if the GSAs are signed before Christmas, could be a nice early present from Santa ;-)))

[lazarus2010] 22/11/2021 09:50

Guidance is that GSAs will be signed by the end of the year...clearly this is any time from now until then...

[lazarus2010] 22/11/2021 09:48

Coro Q&A just out on Proactive...just listening now

[judijudi] 22/11/2021 09:48

Laz,
That’s why I said “our first potential drill day”

[lazarus2010] 22/11/2021 09:44

Judi, I believe we need the survey doing before drill date can be finalised, so drill date far from being set in stone, and could be Christmas day acc to Gaz.

Also from Baz's Proactive interview, doesn't he mention team will be starting up 15 days prior to rig mobilisation? So potentially funding needed for start up, with the caveat that we should expect to receive an invoice after 1st month, which will then have a payment term, possibly 15 days but maybe more.

So actually we might need SOME funding for Drill Date - 15 days + 31 days + 15 days = c.26th January if drilled on 25th Dec.

aimho dyofr

[judijudi] 22/11/2021 09:37

Come on Tom get some decent funding news out
You’re cutting it extremely fine
It’s only 23 days until our first potential drill day