Empyrean Energy Share Discussion Threads

[bskiny1] 20/12/2021 15:06

Blue, good news, do I recall somebody it will take 5 days....B

[blueblood] 20/12/2021 14:41

Weather in South China Sea looks favourable for next 7 days. Let's get final site survey completed and all permits in place for the rig move

[blocker2] 20/12/2021 12:35

Tick up coming perhaps

[man1] 20/12/2021 12:03

The early 100k shown as sells and all the other early trades were buys . I know as one was mine. Placing shares been churned thro . ¹

[hang ten] 20/12/2021 09:39

Purchased a little 30k myself last week in support of the good work by TK and Gaz ... Funding in place ... now looking forward to spud date ...GLA

[the donald] 20/12/2021 09:01

That's some loose sofa change. Hope TK starts to spread the word soon.

[go_baby_go] 20/12/2021 08:58

Bought 50k@6.1999p with some loose change at the back of the sofa.

[judijudi] 19/12/2021 08:46

🙈🤦🏻

[noobiedoobie] 19/12/2021 06:35

Thanks also for reminding us of the COS of jade..30-40%. Great. I will incorporate that into my volume buys and scale down to buy 40% of what I would've bought.

[noobiedoobie] 19/12/2021 05:36

From experience, MMs give me volume buy opportunities until I no longer need to average down. These buys replace weak holders. When I no longer need to buy it means most weak holders have been squeezed out of last cycle and with only strong holders left, MMs have to go up to get us to sell.

If you're a lump sum buyer, then cool, you do you, but it does no harm to set up a dummy volume buy set up on paper and monitor when you don't need to average down. Costs you nothing in £ to do, takes little time..just check price and volume at day end and go live your life.

I'm not interested in changing minds of resistant people. I have a more positive look to life.

[noobiedoobie] 18/12/2021 14:06

I just wait for when the MMs are ready to make a market for the EME so it's irrelevant whatever any of us think. MMs job is to make £ from us. When they need us, we'll know about it.

[judijudi] 18/12/2021 13:50

The destiny of EME is not in the hands of shareholders
It’s in the hands of the drill bit

[judijudi] 18/12/2021 13:47

buffy,
Absolutely correct

[noobiedoobie] 18/12/2021 13:20

A simple volume based buying strategy for cost averagers would look something like this

If daily volume is 2m, call it 2000k, or 2000 units

Assign unit size anything you want as per your own £ pot. Buy when your cumulative £ value gets to suitable buy value or at whatever price you prefer.

I let you know when I lock in freebies

And I been testing this strategy since adopted it in July and had 28 wins in variety of companies in prices of 0.2p to 35p range mostly. Robust enough for me.

Like mr Tom said in July RNS, destiny of EME is down to the shareholders/investors. As we now have established that volume has to exceed 20 day average volume to create price curve, then that's something we can take control of.

Price movement is obviously cyclical. There's really no need to deramp any company between cycles. MMs do it to relax average volume, get rid of weak holders, and set up techs ready for next leg up. Seasoned investors know the drill.

Now in June 2017 I stopped building freebies and price after that 10 bagged once newsflow ramped up. Tell you what, I'll carry on building freebies indefinitely.

[buffythebuffoon] 18/12/2021 13:05

“When you've had a symbiotic relationship with a company for 13 years, I don't think I need to start questioning the boss.”

Surely that’s exactly when you should!

🤔

Buffy

[noobiedoobie] 18/12/2021 12:22

Whoever sold last placing in summer under 7p should've held for the eventual 8-9p! Placees really have no idea how to get the most for their £. Newsflash, try holding instead of wetting your panties when 2 people in a row sell. Got no balls that's the problem.

No idea why I need to be cautious. Cost average investing takes into account variety of uncertainties so whatever. My first buy was in November 2008. When you've had a symbiotic relationship with a company for 13 years, I don't think I need to start questioning the boss.

But sure, if you're fearful of uncertainties, don't buy, then average volume will drop and will need less volume to drive it up next price cycle

[wcj] 18/12/2021 11:11

Expanding on 43412, look at things from the viewpoint of those who took the shares in the placing:

Some will want to make a quick turn of 0.25p on the shares and sell them on in a week or so.
Some will want to wait until drilling starts and have a time frame of 2 months, with a turn of 100%.
Some will want to wait for China results and have a time of 4 months, with a target of 1000%.

Current selling will be by the first of these.

If the share price starts to rise immediately, instead of selling out, would they hold on for a bit of a ride and see themselves well-rewarded by a turn of 2.5p rather than .25p? Quite possibly, in which case it becomes a self-fulfilling rise. Hence my comment about shaking the bottle.

(Glass half-full, rather than my usual glass half-empty)

[helpfull] 18/12/2021 10:44

Tickety Tock! Head on the block!

Why all these calls for PR by anaemic shareholders? Do they still want to top slice and get a free ride on the back of naive investors? There is a 32% COS. Increased to 41% by "internal" calculations. Time to face up to reality. The rollercoaster ride hasn't started yet. And why would management want to answer questions about fraud and why a deposit was paid and not checked it had been received before paying the mobilisation costs and what new procedures have been put in place before paying the final instalment for the drill?

Be careful.

[wcj] 18/12/2021 10:37

Overhang from the placing to be cleared.

We do not know how many shares. Part of it may be removed if the new holders feel that their 6.3p sales could be held for a while to generate a higher price and a significantly better turn.

New PR or RNS would achieve this and might shake the bottle. Keep it coming, TK.

[lowsulpher1] 18/12/2021 10:22

Well done Tom Kelly on getting the funding for the drilling next year now is the time for you and Gaza get the PR Machine in motion and get the institutions interested in the company before DUYNG is sold and the drilling starts in what is known as a world class Exploration oil block Keep up the good work.

[the donald] 18/12/2021 10:02

PR please Mr Kelly

[nametrade] 17/12/2021 22:23

Maybe of some interest to some. Now the drill is getting closer.

hxxps://onepetro.org/SEGAM/proceedings-abstract/SEG15/All-SEG15/SEG-2015-5910718/65454

Borrowed from another board of a share I'm interested in.

[starzerus] 17/12/2021 21:19

Welcome back BTG man. Good timing.

[lazarus2010] 17/12/2021 18:07

Bad news for some, potentially good news for us as it keeps the pressure on the GSA partner to get a deal done at top end of pricing band imho


Spiking EU Gas Prices Push Up Asian LNG. Much to the chagrin of Asian LNG buyers, soaring spot gas prices in Europe - trading some $12 per mmBtu above Asian LNG at $48/mmBtu equivalent - have been inevitably pushing up spot LNG quotes in the Asia Pacific, already at $45 per mmBtu.

But possibly bad news for Europe as Germany will need to source gas elsewhere, maybe keep using pipeline through Ukraine?

Germany Doesn’t Expect Nord Stream 2 Launch Soon. Germany’s energy regulator BNetzA said it does not expect the Nord Stream 2 gas pipeline, owned by Gazprom (MCX:GAZP), to be launched in the first half of 2022, sending European gas prices to all-time highs.