Empyrean Energy Share Discussion Threads

[judijudi] 20/2/2024 07:46

Why hasn’t Oliver booked the seabed survey vessel with the funds raised?

[jemjem] 18/2/2024 14:40

There was an interesting financing RNS last week from Empyrean Energy (EME.L E1E.F), which announced that it has raised £700,000 through a placing at 0.25p per share. Subscribers are also receiving 1 warrant exercisable at 0.5p for every 2 placing shares subscribed for. Of particular note and quite unusual in the UK, investors have agreed a 3-month lock-in on the placing shares and the warrants will only become exercisable if the placing shares are held for a minimum period of 6 months. The issue was at a 20.6% discount, yet the share price instead of falling (as is the norm) rose substantially on the news to more than twice the placing price.Comment from Oilman Jim

[aidan61] 17/2/2024 19:09

Helpfull....you are a legend in your own mind...why are you coming here telling us what everybody already knows by now...are you a school teacher by any chance? lol

[the donald] 17/2/2024 12:11

Placing shares to be held for a minimum of 6 months if they want to qualify for the warrants.

[judijudi] 17/2/2024 11:46

If they don’t drill Topaz then it needs winding up and a divi issuing
No point wasting yet more years of shareholders time and yet more of shareholders money being squandered to chase pipe dreams and all just to fund one man’s ego and a couple of peoples lifestyle!
In my humble opinion

[cashandcard] 17/2/2024 11:32

Honestly, whilst I appreciate some here expect Duyung GSA to come through later this year, I entirely expect it to get pushed back for another year or longer even (hope I'm wrong).I think people need to ask the question, besides Duyung, what other value drivers are there here? Topaz, but with no timelines or targets ?Effectively makes this uninvestable until there are clear targets and timelines. The £700k fundraiser bought them a stay of execution - but they are still on death row.Cash

[judijudi] 17/2/2024 09:58

Well one things for sure due to the ineptitude of our management in misplacing (at best) our 2mill and thus us having to do the ultra dilutive confetti placing we now have a monster of a overhang to look forward to in 11 weeks time and still with no sign of us being in a position to ever drill Topaz
imho

[10owen] 16/2/2024 20:13

All us long term holders are hoping for the best here not least me but I have after Jade become either more cautious or more realistic which ever side of the coin you choose to view things.

The RNS gives us some breathing space but at a cost.I really expected the Duyung GSA to be done in Q4 last year.We still dont know how much the improved terms mean to Eme but because of the delays costs for any buyers of our share will also have gone up but again we dont know how much by and what impact that will have on the sale price.Lets hope the delays have been worth the wait.

Also let's not kid ourselves guys the raise at 0.25p tells us that if and hopefully when we get a JV on China our share will be significantly less than many of us had hoped for.I hope I am not being overly pessimistic but have been burned a few few times waiting for the good news to arrive.Like many of the Lths I am holding but not chasing this up.The RNS has bought time but told us nothing new and many of us have believed the imminent news story over and over.TD may be right that this is a good risk/reward now and I will be delighted if this fly's but I'm not getting carried away-yet.As always Gla.

[the donald] 16/2/2024 17:59

I only sold out on the duster at 2.6p with quite a loss. Nothing wrong with that. I'm now looking to make that back and maybe more.

[blueblood] 16/2/2024 17:52

You back in now then lol!

[the donald] 16/2/2024 08:39

It is what it is imo. Its long gone

[birotop] 16/2/2024 08:37

This maggot management should update the shareholders re- the missing money, that’s the correct thing to do, but given who we are dealing with, don’t raise your hopes.

[judijudi] 16/2/2024 08:35

I’ll leave it with you to ponder

[the donald] 16/2/2024 08:33

And what's that?

[judijudi] 16/2/2024 08:31

There is another train of thought

[the donald] 16/2/2024 08:28

JJ, I think they must have concluded its gone. Shocking,awful management but it's got to the point where any positive news would have been announced long ago.It is still hard to believe someone could send this amount of money without sending a far smaller amount first. Kelly was probably in a rush to catch the surf.

[judijudi] 16/2/2024 08:22

They couldn’t drill a hole in an Egg without a JV

As we are listed in the UK and our head office is in Australia are the fraud squads from one of these 2 countries not able to investigate the missing 2 million, as in my humble opinion this has just been brushed under the carpet by our management?
If that’s the case why would that be?

[michmcd] 15/2/2024 15:58

bloody hope thats the plan TD

[the donald] 15/2/2024 15:14

The funds raised from the Placing will be used:

·      for ongoing prospect, licensing fees and permit costs at Block 29/11, Offshore China;

Does anyone know what licensing fees and permit costs are still due to be paid. I guess they would only be paying these if they plan to drill Topaz. Any thoughts on this?

[judijudi] 15/2/2024 15:08

Come on you greedy and useless pair of unfunny comedians (in my humble opinion) at least get the rns out that the seabed survey vessel is booked!

[judijudi] 14/2/2024 23:21

jackspitroast,
FO
W⚓️
🤣😂

[georgesorrow] 14/2/2024 21:54

You have to assume that EME is not sitting on any vaguely exciting news re. China. Good news would have sent the share price skywards and would have avoided a placing at 0.25p. It would have been at a much higher price.
Still, a JV any time soon would be extremely welcome.