Empyrean Energy Share Discussion Threads

[judijudi] 29/11/2021 15:51

Maltby
I stand corrected 😀

[craig2016] 29/11/2021 15:47

Helpful - What a dreamer you are if you think TK is going to dilute his holding by 50%

wisen up!

[safiande] 29/11/2021 15:36

Malty,

You are correct. Clearly stated in the header in plain sight. Miow Judas.

"EME announced the possibility of up to 20% interest in the Duyung PSC on 04/04/2017 (see RNS below) through Conrad Petroleum Ltd. The initial agreement was for a 10% interest for a $2 million outlay. On offer also was an additional 10% interest for a further $2 million. However, it was later decided in May 2017 not to take up the further interest but rather to prioritise capital investment in the Sacramento Basin (see below)."

[jemjem] 29/11/2021 15:20

C'est la vie. That's the O&G market ...

[maltby2002] 29/11/2021 15:18

Yes that is my understanding as well

[jemjem] 29/11/2021 15:16

I think we had the rights to take 20%. Initially took 10% for starters and then got seduced by Sacramento (for seemingly the right reasons) and therefore couldn't afford the extra $2m (?) for the next 10% in Duyung.
Imo

[maltby2002] 29/11/2021 15:06

You might be right JJ but I will stick by my original post

[the donald] 29/11/2021 15:03

Naim96aim29 Nov '21 - 12:28 - 42692 of 42698
0 3 3
Yes it was a delayed buy - should’ve clarified looks like a short closing (not a sell).
WHO IS THIS CHANCER?

[judijudi] 29/11/2021 14:58

HB Tarz 👍👌

[judijudi] 29/11/2021 14:58

Maltby,
From memory we didn’t have the opportunity to double our stake in Duyung
We actually sold approx half our holding to get involved in California

[crosseyed] 29/11/2021 14:49

starzerus,
I hope this turns out to be a particularly happy birthday, if not today then very soon!
Best regards,
crosseyed

[maltby2002] 29/11/2021 14:48

Just one for the LTH. Do you remember a few years ago when we had the opportunity of doubling our stake in Duyong but opted for Sacramento instead. Ah the wonders of hindsight

[jemjem] 29/11/2021 13:12

China is obviously the big one, but it feels to me like the potential size of Duyung is being better understood and beginning to be priced in now. Following the calculations from Safiande and Laz over the weekend, it seems pretty easy to pencil in at least 15p as a base valuation, provided we sit tight for another 6 months, or so.
It's going to become very exciting in the New Year. ;-)
Imo

[naim96aim] 29/11/2021 12:28

Yes it was a delayed buy - should've clarified looks like a short closing (not a sell).

[stewart4990] 29/11/2021 12:27

Naim96aim,

That 800K trade was from Friday I assume, look at the time and at that price it must have been a buy

[blueblood] 29/11/2021 12:09

Try again Naim it certainly wasn't me who mentioned insider trading!

[the donald] 29/11/2021 11:10

Repenting with just one testicle may I ask??

[the donald] 29/11/2021 11:09

Happy Birthday Tarz :-)

[starzerus] 29/11/2021 11:08

thanks Jamesie

[jamesiebabie] 29/11/2021 10:30

HBL L.

I hope you have a great day.

[naim96aim] 29/11/2021 10:10

I repent Judi :(