Empyrean Energy Share Discussion Threads

[helpfull] 05/10/2022 09:00

Tickety Tock! Tock! Tock! Tock! Tock!

How is the Topaz drill going? On 5 October 2021 the "Well site survey contract awarded to COSL". Remember that? All that fun tracking every sampan in the South China Sea. The timetable for a drill in 2023 is squashed. Apparently there might be a drill in late 2023 because it is cheaper. All that money from Duyung and the company are still looking after the odd penny. Professional to the last.

Is that imminent GSA getting more remote by the day? Is a GSA actually needed? Where are all the cheeky little "top ups" these days? And the "rude not to"? And the "golf course rumours"? And the "tree shakes". That "sell" is actually my "buy". Market makers, huh!

Be careful.

[10owen] 05/10/2022 08:50

Amazing both Eme and Coros Mkt Caps currently £5.7m so for £11.4m you can get nearly a quarter of Duyung with all other assets for free.Crazy or what.GSA news hopefully soon should change the metrics and see a re rating of both shares.Keep the faith.Gla.

[bishopawn] 05/10/2022 08:44

Is the Market trying to encourage buyers, OR is it more about speculative rolled over T20s & T25s about to be scalped, if they cannot afford to buy and keep the shares?

[10owen] 05/10/2022 08:38

Amazing both Eme and Coros Mkt Caps are currently £5.7m.So nearly a quarter of Duyung forgetting their other assets for £11.4m.The worlds gone mad.Value has to come through sometime soon surely.Gla.

[roundtheworld] 04/10/2022 21:31

Sounds like shareholders are just being fobbed off. Any update on the missing $2m? Nah..didn’t think so. They are praying for some positive news…anything which they can use to bury the $2m write off news within.

TK is due good news so fingers crossed.

[coiin stein] 04/10/2022 18:06

𝐂𝐋𝐎𝐒9812;𝐃 𝐚𝐭 .𝟖𝟔𝐩 ... 𝐭𝐡𝐞 𝐋𝐎𝐖𝐄9826;𝐓 𝐬𝐢𝐧𝐜9838; 𝟐𝟎𝟎𝟗
𝐰𝐡𝐢𝐜9841; 𝐰𝐚𝐬 𝐚𝐥𝐬𝐨 𝐭𝐡𝐞 𝐲𝐞𝐚𝐫 𝐭𝐡𝐞 𝐬𝐩 𝐡𝐢𝐭 .𝟕𝟐𝐩

𝐩𝐫𝐨𝐛9834;𝐛Ү45;𝐲 𝐣𝐮𝐬𝐭 𝐚 𝐜𝐨𝐢𝐧9836;𝐢Ү37;𝐞𝐧;𝐜𝐞.

[blueblood] 04/10/2022 14:23

Conrad presentation thanks to PB posting on CORO board. Very exciting!https://www.youtube.com/watch?v=rC1GXGrMM9w

[blueblood] 04/10/2022 14:11

Brent crude back above $90 barrier

[the donald] 04/10/2022 14:05

Could Conrad offer to buy EME and Coro's stake if over subscribed IPO?

[judijudi] 04/10/2022 14:00

I can’t see EME taking part
Unless we can finance it with with fresh air

[lazarus2010] 04/10/2022 13:45

Saf, the cash flow chart he shows is labelled in US$

[safiande] 04/10/2022 13:19

Conrad Asia You Tube video just issued on Conrad´s " Home " site. 10 mins or so. Scroll down below the Prospectus link. First video tmk. Positive sign of things to come. Probably small part of the Roadshow.

Highlights

- Mako is low cost development that generates very high IRR.

- Mako will generate revenue of a billion dollars net cash flow in the first five years. A$ presumably but he refers to valuation later in US$ so maybe the latter?

- Mako pre- IPO valuation for Conrad only is US$130m compared to the latest CPR valuation on current asset basis for Mako alone which is US$442m. Conrad only. Three times + greater. No wonder they are going public for a portion of the company.

- They expect premium rating and " to make a lot of money for our shareholders."

Difficult to see Coro / EME pulling out of this at FID?

[blueblood] 04/10/2022 10:50

GSAs by end of November following Conrad listing should be realistic.

[currypasty] 04/10/2022 09:53

We are under no illusion that it will be a close run thing, and directors are just sailing rudderless hoping for the best.

We need that GSA, but who knows if it will come in time. Perhaps if Conrad listing goes to plan and is well received someone will make us an offer before the loan notes are due..

downside is about 400 million new shares, upside a multi bagger


TK never been very lucky though

[coiin stein] 04/10/2022 09:49

𝐖𝐨𝐮𝐥9837; 𝐛𝐞 𝐫𝐞𝐦𝐚9851;𝐤Ү34;𝐛𝐥;𝐞, 𝐰𝐨𝐮𝐥9837;𝐧'w853; 𝐢𝐭? ...
𝐈𝐅, 𝐦𝐲 𝐩𝐫𝐞𝐝9842;𝐜Ү53;𝐞𝐝; 𝟕𝟐𝐩 ..
𝐜𝐨𝐢𝐧9836;𝐢Ү37;𝐞𝐝; 𝐰𝐢𝐭𝐡 𝐓𝐮𝐞𝐬9837;𝐚Ү58; 𝟎𝟖 𝐍𝐨𝐯𝐞9846;𝐛Ү38;𝐫.
𝐈 𝐭𝐡𝐢𝐧9844; 𝐢𝐭 𝐜𝐨𝐮𝐥9837;, 𝐚𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐦𝐲 𝐛𝐢𝐠𝐠9838;𝐬Ү53; 𝐟𝐚𝐧𝐬, 𝐚 𝐦𝐫 𝐭𝐨𝐨𝐧, 𝐬𝐚𝐢𝐝 𝐈 𝐰𝐚𝐬 𝐮𝐧𝐜𝐚9847;𝐧Ү42;𝐥𝐲; 𝐚𝐜𝐜𝐮9851;𝐚Ү53;𝐞.
𝐬𝐨 𝐝𝐨 𝐩𝐥𝐞𝐚9852;𝐞 𝐒𝐓𝐀𝐘 𝐯𝐞𝐫𝐲 𝐀𝐋𝐄𝐑T

[helpfull] 04/10/2022 08:59

Listening to the Coro presentation gives the impression the GSA might arrive by the end of the year. Or at least that is the current expectation. That is not good news for Empyrean.

"the Company is required to repay the principal owing on the Convertible Note prior to 1 December 2022, being £3.3 million as at the date of this report"

It is going to be an interesting 4Q. The management at the moment is not in control. It is waiting, like sharehoders, for something to come along. There are no guarantees.

Be careful.

[blueblood] 03/10/2022 18:56

CORO investor presentation from last week on website. Duyung FID still expected in H1 23 and the even suggested optimistically Q1!

[soggy] 03/10/2022 14:40

Funny how everything on my watch list, which is mostly oilers, is blue...with one exception: EME.Is it just more sells than buys,? If so, why are they selling? - well, I guess we all know the answer to thatOr is it a concerted effort by some to get the share price down? If so, why? And I guess we know the answer it that as well!

[blueblood] 03/10/2022 14:26

Pathetic no real new news for months apart from Conrad details. They should all take no salary for until CLN is paid off or recover the fraud funds!

[currypasty] 03/10/2022 13:46

stew... "a litany of errors" comes to mind

[solarfire73] 03/10/2022 13:40

Dropped 8.5%, ridiculous frankly.

[coiin stein] 03/10/2022 12:10

𝐓𝐮𝐞𝐬9837;𝐚Ү58;, 𝐍𝐨𝐯𝐞9846;𝐛Ү38;𝐫 𝟖, 𝟐𝟎𝟐𝟐

𝐓𝐡𝐚𝐭'
19852; 𝐭𝐡𝐞 𝐝𝐚𝐭𝐞, 𝐭𝐡𝐞 𝐎&Ү14; 𝐰𝐨𝐫𝐥9837; 𝐢𝐬 𝐰𝐚𝐢𝐭9842;𝐧Ү40; 𝐟𝐨𝐫....
STAY ALERT