Empyrean Energy Share Discussion Threads

[bungeetrader] 05/5/2022 17:11

It makes it all the more painful when you see loads of other oilers going nuts just now. We can only imagine what the share price would have done if they had found oil......

[rickyhatton] 05/5/2022 17:00

And that the bottle had excellent porosity and permeability, ... had it not been empty!
Timing is everything.

[michmcd] 05/5/2022 16:39

'good-quality but empty bottle' - sounds like my fkin wallet right now. Come on Tom sort this out!

[oilforex] 05/5/2022 16:38

Probably a placing at 1.5p to the favoured few, allowing them to get out with some profits on any rise into value.

[crosseyed] 05/5/2022 16:28

Thanks oilforex/Judijudi/mark for your replies. I like the 'good-quality but empty bottle' analogy.
c

[currypasty] 05/5/2022 16:25

looks like secure the next drill at ANY cost to existing holders

[oakville] 05/5/2022 16:24

Placing at 1.5p

[blueblood] 05/5/2022 16:20

WfT is going on here then. TK needs to clarity if we need funding by June 22 to secure 2 year drill window. Bloody ridiculous when risked value if Duyung was 2.8p with much lower gas prices!

[aimomniscient] 05/5/2022 16:12

Braced for placing.After the leak of the drill result if a placing lands I'd imagine some holders will be putting TK under pressure.TR1s handily under the radar been given a week to sell no doubt.

[sandy12345] 05/5/2022 16:05

Added 500k we are ridiculously low imho

[oilforex] 05/5/2022 15:59

Tom's got to get some money in the coffers to pay his wages and keep the lights on.

[mark of the rushes] 05/5/2022 15:57

Crosseyed...my interpretation is that all the conditions were fulfilled (reservoir quality sandstone, trap, seal) but unfortunately the oil didn't find its way there. That was the biggest risk factor if my memory serves me right.

[currypasty] 05/5/2022 15:56

couldnt we just wait till Duyung update ?

[digger2779] 05/5/2022 15:49

JJ - certainly looks like it. Falling off a cliff now.

[judijudi] 05/5/2022 15:49

crosseyed
No oil
Reservoir had potential for oil

[judijudi] 05/5/2022 15:48

Confetti placing incoming
Imho

[aimomniscient] 05/5/2022 15:24

There have been a number of videos that have misled the investors at EME as to the value of Mako.Most of those calling it worth 8-10p ha e departed leaving those on to work out the safety net in considerably lower.Lack of working capital, fraud case owing 2m, CLN owed 1.8m against Mako are coming home to roost.Would a 1.25p placi g really be a surprise atm?

[oilforex] 05/5/2022 15:20

I believe this was akin to saying that they assumed there was a bottle where they drilled, there was and it was a good quality bottle but unfortunately it was empty.

[jaystevens1] 05/5/2022 15:11

Fair value 0.45p says my broker

[crosseyed] 05/5/2022 15:08

Re-reading the RNS of 4 May, I noticed this as part of the summary regarding Jade:

The final log data confirmed several elements of the pre-drill prognosis:
-- 292 metres of excellent quality reservoir was intersected;
...

Can anyone comment on what that means? Does it imply the presence of hydrocarbons? Or perhaps just the potential of such?

c

[lazarus2010] 05/5/2022 14:35

oakville, no chance imho. With a number of large investors, if cash was needed to keep the lights on something would be sorted. Unfortunately Duyung monetisation has come the wrong side of the Jade well, but it will be coming. Whatever we get for it would be enough to cover all existing debts and provide a big cash injection into the company.

[oakville] 05/5/2022 14:29

Could they just fold?