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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Empyrean Energy Plc | LSE:EME | London | Ordinary Share | GB00B09G2351 | ORD 0.2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.475 | 0.40 | 0.55 | - | 47,616 | 16:28:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil And Gas Field Expl Svcs | 0 | -20.8M | -0.0211 | -0.22 | 4.63M |
Date | Subject | Author | Discuss |
---|---|---|---|
24/2/2024 10:08 | Hi TD Agree to a point To give up 15% of any Duyung deal was a beyond poor deal Agree he should have gone for the ahem “lost” 2 million imho | judijudi | |
24/2/2024 10:01 | Imo, TK has made some bad funding decisions and should have placed leading up to Jade being drilled to hedge the companies position but hindsight eh. The $2m loss should of had him replaced imo as the buck stops with him but the company is where it is. I sold out on the duster to preserve some capital but imo, upside looks good at the current share price with Duyung and very good if Topaz is not dead either with a license extension or free carry JV . | the donald | |
24/2/2024 09:55 | Hi JJ, they should be correct as I pulled them from the renegotiated terms in the RNS. TK clearly believed it was short term finance as we were committed to huge monthly interest on the old deal. They new deal is far better to reduce the interest to a reasonable 20% per year but they get 15% of the proceeds of the Duyung sale or $1.5m ( whichever the higher ). Considering what the deal was at 10% per month( this was a shocking bad deal ), the new deal is far better imo considering the time scale on Duyung was being extended. | the donald | |
24/2/2024 09:04 | if only we hadnt 'lost' that 2m | currypasty | |
24/2/2024 03:04 | Thanks to 1664 on Telegram htTps://www.proactiv | blakieboy7 | |
23/2/2024 22:43 | blakie, It ain’t happening in this window Our only hope is an extension Imho | judijudi | |
23/2/2024 20:57 | Thank you. | the donald | |
23/2/2024 20:47 | Just messaged you | blakieboy7 | |
23/2/2024 20:42 | I'll ask admin again | blakieboy7 | |
23/2/2024 20:26 | Anyone with a Telegram link pls | the donald | |
23/2/2024 18:51 | Or farm out. | blakieboy7 | |
23/2/2024 18:46 | Forget Topaz in any calculations Unless of course we get an extension | judijudi | |
23/2/2024 17:54 | I was trying to be conservative and why I opened it up to some more knowledgeable people as to their estimates. It was just an example michmcd. | the donald | |
23/2/2024 17:46 | Was hoping for more than 2p to be honest .... but who knows what the chuff it will be. | michmcd | |
23/2/2024 17:29 | I've just been looking at the loan note liability to be repaid when the company sells Duyung. Let's assume a sale price of £40m ( just an example ), the debt is £4.6m plus 20% annual interest from December 23 plus 15% of the sale price so settle in May, that works out at approx £5m loan and interest plus an extra £6m as per the 15% of the sale price. That equals net to EME £29m or just over 2p a share with the new shares in issue after the placing. What are peoples guesses on a realistic sale price of EME's 8.5% of Duyung? Then there is a possible JV on Topaz but that can only be factored in on any announcement. Hopefully the news today will attract some new buyers. | the donald | |
23/2/2024 17:11 | Some late trades reported | blakieboy7 | |
23/2/2024 14:58 | 5m buy. Nice :-) | the donald | |
23/2/2024 13:40 | The ministerial news sounds very promising. Here's hoping that the price, when revealed, brings us some good cheer. | odillon | |
23/2/2024 12:45 | EME - should rebrand and have a company tagline;'Keeping hope alive' ;) | cashandcard | |
23/2/2024 12:42 | blakieb, Good spot. Many thanks. Your earlier post of an early Apr GSA could well be on the cards. Previously CRD mentioned that a commitment had been reached by all of the main parties to sign the GSA within Q2. The two prior main impediments, now overcome, were an improved price formula/ministrial approval and the delay in granting pipeline access by the consortium. The latter is perhaps surprising given that the WNTS is greatly under utilised. It is unlikely that the allocation of agreed lower DMO prices compared to the export prices, will be an issue as the spurline to Batam may never be built because of the high cost and that it will cross busy shipping lanes. Main agreements to follow in the next few weeks appear to be related to the tie - in agreement with the Kakap facilities operator, Gas Transportation Agreement with the pipeline JV etc. | safiande | |
23/2/2024 11:35 | We are all aware of the deadlines that have been missed in the past, but this news adds confidence that the June deadline will be met. | the sage | |
23/2/2024 10:46 | SP Angel comments Conrad Asia Energy (CRD AU) A$0.95, Market Cap A$167m: Mako milestone passed Conrad announced that the gas price and volume allocation for the Mako field project in the Duyung PSC (76.5% WI) has been approved by the Indonesian Minister of Energy and Natural Resources. This is a significant milestone that allows the Company to finalise fully termed gas sales agreements (GSA), as it serves as the formal basis for reserving pipeline capacity for the evacuation of Mako gas. Conrad is continuing to work with the relevant parties and SKK Migas to finalise the GSAs and hopes to take a final investment decision (FID) on the Mako field in mid-2024 that will target first gas in mid-2026. Conrad continues to engage in discussions with potential partners regarding the farm down of the Duyung PSC, which will likely include the interests of its JV partners Coro (15%) and Empyrean (8.5%).The stock prices of Conrad's UK-listed partners, Coro Energy (CORO LN) and Empyrean Energy (EME LN), are up strongly (+25%) in early trading, which reflects the importance of the completion of the GSAs to farm down negotiations and thereby the future funding of both companies. Mako is the largest undeveloped gas field in the offshore Indonesia West Natuna Basin and the partners plan to export most of the gas by an existing pipeline network to Singapore. Only last month, Conrad told investors that the Mako Phase 1 development capex estimate has risen 30% to $325m, which reflects industry inflation, and that the Company forecasts $250m gross capex to first gas in mid-2026 based on a 120mmcf/d plateau rate. However, Conrad remains confident that the negotiations will be finalised by the end of 2Q24 and investors should continue to look for updates on the GSA talks and farm-down process for the Mako gas development, which will resolve the upcoming refinancing of Coro's Eurobond that matures in April 2024. | blakieboy7 | |
23/2/2024 09:08 | ❝𝐆 𝐆𝐨 | coiin stein |
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