Empyrean Energy Share Discussion Threads

[bskiny1] 29/11/2021 07:27

Naim will you be around today I wonder....GLA

[judijudi] 29/11/2021 07:25

Naim was obviously a chancer

[i like trees] 29/11/2021 07:20

Either way, things will start hotting up soon enough

[blakieboy7] 29/11/2021 07:10

Yeah no 7am RNS, that's typical of TK though to be late

[i like trees] 29/11/2021 07:04

Where’s the RNS then ?

[blakieboy7] 29/11/2021 04:45

Opec hinting at cutting production htTps://oilprice.com/Energy/Energy-General/Bidens-Blunder-Could-Send-Oil-Prices-To-100.amp.html

[michaelhfrancis] 28/11/2021 20:39

MY guess is that DUYUNG COULD be worth 33p per share based on the following 11 million bls oil at 15 pound per barrel margin for EME 500 million app shares.1lmillonbls at 15pounds a blr ptofit = 165 million divided by 500 millon shares = 33p my maths could be wrong hope not feel free to correct we could be in the money even before the drill turns IN china GLA

[abergele] 28/11/2021 19:06

I'm 74 and hanging on well,would just like to see a permanent,8-10p range not this uncertain 7p,position...
also would just like to stop this laptop watching lately, as the shares/markets are a killing field now..all red blood..Just dreading 8am tomorrow,,gl all Lth's

[scaleyman] 28/11/2021 18:22

Laz, how many LTH have enough perceived lifespan to see all that come to fruition??

[lazarus2010] 28/11/2021 18:17

PS to my above post, those figures I believe do not take into account a possible bigger field if it joins Medco and if it has additional oil or gas below...what could that be worth?

[maltby2002] 28/11/2021 17:39

As a LTH I would put the sale of Duyong as the least favoured option partly because its value will increase as it is developed and partly because it will put all the emphasis on a successful drill on China. At least we would have the value of Duyong if the drill is not as successful as we all hope

[wcj] 28/11/2021 17:05

It is still a possibility. If TK has lined up funding but the funding is contingent on Duyung GSA being formally announced we would be in the RNS situation that we are in now.

[lazarus2010] 28/11/2021 17:02

wcj...I think we're too late for that scenario, although maybe it could be a part of some finance deal, especially if we only need to borrow a smallish amount initially to pay the first few invoices.

The way I see it, if we get a GSA rns out before drilling is completed, we could still borrow against a higher valued Duyung or have a placement at a price c. 12p+ which would more or less put us in the same position as if the warrants had all been exercised at 12pps.

aimho

[wcj] 28/11/2021 16:17

lowsulpur

this LTH would like to see a Duyung announcement and the % of Duyung used as collateral to borrow the funds for the China drill.

[michaelhfrancis] 28/11/2021 16:14

SAF hopefully and what a piece of good news it will be all will be revealed in the nest 5 days i think, the massive duyung deal far more gas and oil than was first thought and on to the South sea in search of gold black of course no more negative STUFF on wards and up words id rather be inside be inside the tent this coming week GOOD TO ALL ON BOARD ALL ON BOARD THE GOOD SHIP EME DYOR

[safiande] 28/11/2021 15:45

bb7,
Agreed. Mako sale is not one of the three options to fund Jade. Earliest sale if at all, will be next summer as part of FID. EME capex until then is negligible and not so demanding for the x 5 development wells to be drilled thereafter mainly in 2023 at a modest 8.5% contribution. The asset will certainly increase in value over the next 6 -7 months, which will probably manifest itself in the first instance in the GSAs. Mark Hood mentioned that signature by year end looks promising. This in turn will allow formal reserves to be booked to the project which is another funding option that EME could draw upon if so desired in the future.

[lowsulpher1] 28/11/2021 15:19

Blakieboy7 all suffering long term shareholders want DUYUNG sold and move on to China and put the money into the drilling campaign.

[blakieboy7] 28/11/2021 15:09

Based on that Safi, I can't see TK wanting to sell any percentage

[safiande] 28/11/2021 14:30

So if the Mmboe figures are in the right ballpark, the valuations for EME using jem´s oil price guide of $10 - $15 are as follows:-

2C mid case

8Mmboe = $80m - $120m
10Mmboe = $100m - $150m
12Mmboe = $120m - $180m

3C upside is ca. 50% or so higher.

[lowsulpher1] 27/11/2021 22:22

Hi all we see if Naim96aim news will come Monday morning if it dosent he will have Egg all over his face and public Humiliated on this BB not long for us to waite and see if he is right.

[safiande] 27/11/2021 16:41

The latest valuation for Mako is from Global Data this week at 540bcf / 90Mmboe ( EME 7.65Mmboe ) mid case. Jem has suggested bumping this up to say 10Mmboe in the event that the field extends to Medco´s patch, which is not unreasonable.
In addition as mentioned many times, there is a step out prospect to the SE of the field that is estimated to have a mid case resource potential of 17.8Mmboe ( EME 1.58Mmboe ) and chances of success of 75%. So potentially 10 - 11.5 Mmboe or so for EME. Jem has applied an oil guide price of $10-15 in the ground for hydrocarbons that have been proved to flow, which is a very significant amount for EME.
The above is mid case only compared to the 3C upside which is approx. 51% higher at 817bcf. There is certainly vast amounts of gas down there as the field is estimated to contain an upside potential of 1,317bcf of gas initially in place ( GIIP ), although all of which is not necessarily recoverable as site reserves.
In addition, there are also deeper stratigraphic exploration prospects that have been mapped on 3D seismic data, which are in the process of being matured to a drillable status. These have no valuations prior to any drilling in the next few years, but they could attract a new bigger partner/operator perhaps as part of the FID next summer, in addition to production of 157mmcfd.