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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.03 | -6.32% | 0.445 | 0.40 | 0.49 | - | 6,681,792 | 16:35:07 |
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 |
---|---|---|---|
05/4/2024 08:08 | Well that didn't last long | blakieboy7 | |
05/4/2024 08:06 | Spencer's purchase of nearly £20,000 in shares is a bit of potential good news amid all the recent "doom & gloom" comments on here. Maybe all is not lost yet!! | tonudiki | |
05/4/2024 07:55 | Thought you'd like that JJ! | showme01 | |
05/4/2024 07:54 | 🤣👍 | currypasty | |
05/4/2024 07:36 | 😂🤣 | judijudi | |
05/4/2024 07:09 | It's about F they put their hands in their pockets | blakieboy7 | |
04/4/2024 21:20 | Wit coro and eme its one step forward and two back dis hartning to say the least its coming to the time wheather sht or bust | mhfrancis | |
04/4/2024 16:54 | Well the bid has perked up today with what looks like some decent buys. Meanwhile over at Coro the mm's dropped the mid to 0.00175 but you could still sell for 0.00175 which is more than earlier in the day when the ask was 0.0019 as opposed to 0.0018. I know the whole thing here and over at Coro is just a pile of 💩 at the moment but one can only hope things will improve. Let's face it we deserve a break. | digger2779 | |
03/4/2024 22:43 | I admire your patience Saf but I'd like to see some value accruing. I joined pretty near the top of the last big spike. I've been underwater ever since despite averaging down when I was able to. I know that many contributors here have been with this share longer than I have. I was reading about Dempsey earlier, for example. Long suffering and shorter suffering shareholders could do with a near future reward. | odillon | |
03/4/2024 15:13 | Past caring what he does as long as he tells us soon lol | blueblood | |
03/4/2024 12:52 | Odillion, Not sure that there is a need for such a rush for EME to sell up at the moment. If the spur pipeline to Batam goes ahead it is unlikely to be for a while imo. Plateau production is in the first 7 years ( 2026 - 2033 ) at 120 - 150 million cubic feet per day, so a good chunk of the export sales could already have been delivered before it is completed. Furthermore I doubt if there is an obligation to deliver all of the DMO gas ( 29.5% ) in one go to the detriment of the export sales. More likely that it will be spread out evenly over several years, say 70% export and 30% domestic gas each year. If this silence on Topaz continues then it might be prudent for young Tom to retain say 5% of Mako at least for the time being pending first Mako gas production in two years. | safiande | |
02/4/2024 20:54 | Regardless of political belief, both TK and GB earn more than our Prime Minister. TK will think he is more important. As shareholders, are we getting value out of our executives? | showme01 | |
02/4/2024 19:30 | Saf, that is useful clarification. So (if TK's comment is correct) even more imperative, as if it was not so already, to get selling. | odillon | |
02/4/2024 15:23 | Odillion, The DMO obligation is subject to the construction of a new spur pipeline to Batam. If the pipeline is not built or until it is completed then all of the gas is exported at the higher prices. This is clearly stated by CRD. Also by young Tom ln his RNS last Thurs:- "Domestic Market Obligation key terms are an important step towards FID for the Mako gas field development. The domestic sales are subject to a pipeline spur being built connecting WNTS with Batam, and sales gas will be sold into Singapore if the spur does not proceed or until it is completed. " | safiande | |
02/4/2024 15:05 | Saf, if EME can sell at higher export prices rather than lower domestic ones then that is very good. But if there is an obligation for at least 25% to be sold domestically, how is that requirement avoided, even if the PGN deal cannot proceed through the lack of a pipeline? | odillon | |
02/4/2024 14:44 | So if we don’t get an extension at Topaz just what are we paying Laurel and Hardy for exactly? | judijudi | |
02/4/2024 14:16 | Could be although it is unlikely that the matter is changed by the Ann, in that the requirement hasn´t changed since the POD was approved some time ago as in every energy contract there is an obligation to conclude a GSA with a national buyer for a minimum of ca.25% of the produced gas. In the case of Mako the obligation is subject to the construction of a new pipeline to Batam. Having said that, you may recollect that we posted an article dated the end of Feb 2024 which indicated that the Indos are giving the matter some consideration. | safiande | |
02/4/2024 13:25 | Thanks for the references and clarifications Saf. I wonder though if the recent announcement suggests that the pipeline is now more feasible? | odillon | |
02/4/2024 12:01 | Odillion, Snippets below. I also remember that GCA also expressed their doubt in their major assessment supporting CFD´s IPO. GCA also mentioned that the proposed pipeline would cross busy shipping lanes to Batam. Ultimate responsibility for financing construction rests with MOMR rather than PGN who will no doubt build the pipeline. However US$100m is a fair whack to find esp as MOMR will still need to fund the gas, albeit at lower DMO rates. Singapore probably needs the gas more than the Indos. Furthermore the Indos expect to receive more than a billion US$ in taxes from the sale to Singapore. "Delivery of Mako Gas Field gas to Indonesia would require the domestic gas buyer to build a connecting “spurline̶ ( CRD Presentation Feb 2024 ) "Despite the project being approved for several years, funds for the construction of the Pemping Pipeline have yet to be appropriated, and the project remains uncertain. " ( CRD Dec qrtly 31 Jan 2024 ) | safiande |
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