Empyrean Energy Share Discussion Threads

[currypasty] 23/9/2022 16:12

laz, thanks for your view..

have you got a gas price chart for say a year or two to date, ive lost track where we are up too.. Brent is off nearly $5 to $85, just wondered if gas is still high

[lazarus2010] 23/9/2022 16:02

CURRYPASTY23 Sep '22 - 09:32 - 50189 of 50202
0 5 0
Stew, they don't know what to do, that's the trouble. Like most AIM CEO's they are just chancers and gamblers.

Can anyone realistically believe the GSA will come 'shortly' I can't! What would that do to the Conrad IPO? Would they pull it, or if it went ahead would it be fully subscribed?

---------------------------------------------------------------------------

Curry et al...fwiw...my take on this

Conrad themselves have got the CPR report and a NPV10 valuation of their asset.

The GSA, when it arrives, will basically confirm the NPV10 calculation, and I believe it may even increase it as the CPR more than likely errs on the side of caution.

IMHO Conrad have said fk it, we can't keep waiting, we can IPO based on the NPV10 figures and sell 30% of our shares. That way we get cash in hand while the NPV10 figure is high as it's based on $80 oil x 12%.

HNWIs / their advisors who take shares in the IPO will fully understand the discount to actual NAV being offered and will readily invest. Once listed and after the PoD and GSA are announced, the share price should rise. Conrad will benefit in 2 ways:

1. Cash in hand now in case PoO drops and the NPV10 drops
2. If the PoO doesn't tank (why should it, apart from a global recession!?) then their remaining 70% will increase in value as the share price rises in accordance with the PoD and GSA news.

EME and Coro have retail PIs investing who are like a shoal of sardines. As soon as a shark attacks they head for cover and bury their heads in the shoal, but as soon as the water clears they will come back en masse. Not good for the share price now or for any desperate fund raising. Both Coro and EME have loans outstanding and this puts fear into many investors, but as soon as those loans are covered the fear will disappear and the share price should rise.

That is unless our very own Baldrick has another fkng cunning plan!!

Have a great weekend, and remember, parks and libraries and a lot of museums are free, so us hard up EME shareholders can still pretend we have some money and take the kids/grandkids out for a cheap day!!

[blueblood] 23/9/2022 15:58

Duying worth sfa then?

[cazaman] 23/9/2022 15:32

Sorry folks, this going into administration

[10owen] 23/9/2022 12:55

Cheers Buzz.

[buzzzzzzzz] 23/9/2022 12:53

10

I will do my best!

[10owen] 23/9/2022 12:22

That's fair enough Buzz but we do need some realistic idea of when we are likely to see the GSAs concluded.Are we waiting till post the G20 meeting as some have suggested.Perhaps you could quiz Eme at next weeks meeting and see what you can find out.They should also have an idea of value which I would like to think is at the high end of expectations.Whilst they won't give numbers you might be able to read between the lines from what they say.Thanks.

[buzzzzzzzz] 23/9/2022 12:05

Stewart

Don't you think that Coro and Conrad would
tell everyone about the GSA if they were able.

They are obviously not so it's no good blaming EME/TK for that, plenty of other things yes.

It's obviously being held up at Government level.

Once it is signed it will all become much clearer, values etc

[sue999] 23/9/2022 11:12

That is setteled then. No farm in.
After Conrad IPO, EME could sell their 8.5% for 10-15 milion and use it to pay debt and Topaz drilling and day to day expences.You dont need any news. that is all there is. Just waiting game. At this price it is worth the gambel.

[judijudi] 23/9/2022 10:46

Have you only just realised this?
That’s why a farm in at Jade never happened (unless of course our esteemed and highly respected and regarded ceo wanted to go solo)
imho

[sue999] 23/9/2022 10:26

I used to ask myself why they are not farming in for their china interests.
I now realise that it may be hard. The Company has an interest in Block 29/11 offshore China (100% during exploration and 49% upon any commercial discovery.
So at best EME will get 49%.If there is farm in, they can only give a porsion of this 49% away.Lets say they keep 29% and give away 20%. I cant see Any farm in company going in and paying the 10 milion cost of drilling for 20% stake unless the evidance of oil in the ground was very strong.If they only offer 2-3milion for 20% stake, then what is the point of farming in.

In fact it is CNOOC who have farmed in EEN to drill for free and get 51% of any discovery.

[judijudi] 23/9/2022 09:49

The dreaded word “Confetti̶1;
🙈🤦🏻😩

[10owen] 23/9/2022 09:48

You might be right Curry re the GSAs but if you are then Conrad looking to list next month looks a really stupid thing to do.Surely they must be confident that the POD will be rubber stamped followed by the GSAs.Lets hope so anyway.Again maybe Buzz can ask the question next week.

[currypasty] 23/9/2022 09:32

Stew, they don't know what to do, that's the trouble. Like most AIM CEO's they are just chancers and gamblers.

Can anyone realistically believe the GSA will come 'shortly' I can't! What would that do to the Conrad IPO? Would they pull it, or if it went ahead would it be fully subscribed?

It seems we are powerless to do anything with our share until they are sorted.. but has TK lined a buyer up, what price will they pay, and more importantly when will we get cash.

Surely the elephant in the room is the loan repayment, time is running out. What are the options ? more confetti ?

[blueblood] 23/9/2022 09:30

Until they recover some of the money & get GSA approval they should be working for minimum wage. You should be paid for success not abject failure!

[judijudi] 23/9/2022 09:17

TK and clarity do not walk hand in hand

[10owen] 23/9/2022 09:14

It won't be me Biro I think Stewart is spot on.The daft thing is that we could easily multibag from here once the GSA news arrives but the goal posts keep moving.We need clarity from TK asap.Lets hope Buzz gets some answers next tuseday or at the very least a realistic timeframe for positive news.

[birotop] 23/9/2022 09:02

No doubt somebody will post telling you to stop whinging, it’s O+G exploration don’t you know..

[coiin stein] 23/9/2022 08:23

𝐌𝐨𝐫𝐧9842;𝐧Ү40; 𝐬𝐡𝐞𝐞9849;𝐥Ү38;𝐬.
𝐃𝐉𝐈 … 𝐢𝐬 𝐛𝐚𝐫𝐞9845;𝐲 𝐜𝐥𝐢𝐧9840;𝐢Ү47;𝐠 𝐨𝐧 𝐭𝐨 𝟑𝟎,𝟎𝟎
20782;
𝐒𝐮𝐛 𝟑𝟎,𝟎𝟎
20782; = 𝐭𝐫𝐨𝐮9835;𝐥Ү38;, 𝐚𝐬 𝐩𝐫𝐞𝐯9842;𝐨Ү54;𝐬𝐥;𝐲 𝐦𝐞𝐧𝐭9842;𝐨Ү47;𝐞𝐝; 𝟐𝟎 𝐉𝐮𝐧𝐞

𝐄𝐌𝐄 .. 𝐨𝐧𝐜𝐞 𝐭𝐡𝐞 𝐨𝐟𝐟𝐞9851; 𝐝𝐢𝐩𝐬 𝐛𝐞𝐥𝐨9856; 𝐭𝐡𝐞 𝐩𝐬𝐲𝐜9841;𝐨Ү45;𝐨𝐠;𝐢𝐜𝐚𝐥 𝟏.𝟎𝟎 ..
𝐈 𝐰𝐨𝐮𝐥9837; 𝐞𝐱𝐩𝐞9836;𝐭 𝐚 𝐝𝐢𝐬𝐨9851;𝐝Ү38;𝐫𝐥;𝐲 𝐬𝐭𝐚𝐦9849;𝐞Ү37;𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐝𝐨𝐨𝐫 ..
𝐰𝐢𝐭𝐡 𝐦𝐚𝐲𝐛9838; 𝐣𝐮𝐬𝐭 𝐚 𝐟𝐞𝐰 𝐩𝐚𝐮𝐬9842;𝐧Ү40; 𝐟𝐨𝐫 𝐚 𝐜𝐡𝐞𝐞9844;𝐲 𝐭𝐨𝐩 𝐮𝐩 …..
𝐟𝐨𝐫 𝐭𝐡𝐞 𝐠𝐫𝐚𝐧9837; 𝐤𝐢𝐝𝐬 𝐨𝐟 𝐜𝐨𝐮𝐫9852;𝐞, 𝐛𝐞𝐟𝐨9851;𝐞 𝐭𝐡𝐞 𝐬𝐩 𝐢𝐧𝐞𝐯9842;𝐭Ү34;𝐛𝐥;𝐲 𝐝𝐫𝐢𝐩9852; 𝐝𝐨𝐰𝐧 𝐭𝐨
.72p (𝐚𝐬 𝐟𝐢𝐫𝐬9853; 𝐦𝐞𝐧𝐭9842;𝐨Ү47;𝐞𝐝; 𝐢𝐧 𝐌𝐚𝐲)
𝐇𝐚𝐯𝐞 𝐚 𝐠𝐫𝐞𝐚9853; 𝐰𝐞𝐞𝐤9838;𝐧Ү37; 𝐚𝐧𝐝 𝐩𝐥𝐞𝐚9852;𝐞 ..
..................𝐒𝐓9808;𝐘 𝐀𝐋𝐄𝐑9827;