Empyrean Energy Share Discussion Threads

[blakieboy7] 11/4/2024 09:07

The projects must be completed by now, they can at least share their findings

[currypasty] 11/4/2024 08:29

probably take months, imo

[blueblood] 11/4/2024 08:07

Where's the Topaz extension?

[blakieboy7] 09/4/2024 16:12

Words like that don't offend me, IDGAF, but I know they offend some in this group. Can't you all just agree to be civil, even if you disagree with each other?

[safiande] 09/4/2024 12:04

michmcd8 Apr '24 - 19:24 - 54633

Can you put a net fiscal value to that PA?

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

michmcd9,

Per annum contains too many variables unless Zengas is still here. Overall the last number we have for the GSA is A$6billion ( edit ). This was in May 2023. We can expect this to increase as it is priced against Brent which has risen by about US$7. Also the Minister has negotiated an improved price formula. Fiscal take mainly taxes is huge about US$1.2billion, plus capex so say US$1.5billion in total to be deducted. There will be other expenses such as the WNTS transportation tariffs. Currently the pipeline is only utilised at 60% so the pipeline owners will be gagging for extra business.
Despite the recent asinine posts of oddy & hilly sore bottom, EME´s Mako equity is 8.5% so if you apply that it will give you an idea of the value to EME. Any sale value will be lower..

[michmcd] 09/4/2024 10:08

I thought we had been round the Saf is Spartacus debate in the past and accepted he was neither based in Aus or TK.

[judijudi] 09/4/2024 09:59

George
He’s a Narcassist

[currypasty] 09/4/2024 09:44

IMO, there is little planning, just fire fighting

[georgesorrow] 09/4/2024 09:43

Yes, but one minute he is suggesting that EME wants to hold on to part if not all of Mako, as a long term cash cow (presumably borrowing against upgraded "reserves" to fund a share of capital costs), the next he says Tom wants to use the Mako sale proceeds to fund new projects. It can't be both. Is young Tom confused about what to do? Or is Saf just getting off on pretending to have insider knowledge?

[judijudi] 09/4/2024 08:59

show,
I thought that might be the case

[showme01] 09/4/2024 08:35

JJ, imo saf is TK. He is trying to condition us lot on here.

[showme01] 09/4/2024 00:24

All this talk of young Tom. Is this some sort of fantasy? Jim'll fix it for you....

[odillon] 08/4/2024 19:34

TTA if your position on this share cannot be improved by a special dividend on the back of Mako proceeds then I am keeping everything crossed for you that we hear something good about the de-risking surveys soon.

I note what you say about survey and drilling timings, but we were told on 1 September 2023 that the de-risking surveys were continuing and expected to be completed in 2023 and we have not heard anything more and it is now 2024 Q2.

Let's hope that the silence is golden.

[michmcd] 08/4/2024 19:24

Can you put a net fiscal value to that PA?

[safiande] 08/4/2024 19:08

Up to 150mmscf/pd for 7 years during plateau production which is a cash cow as already mentioned.

[safiande] 08/4/2024 19:02

Assumes that EME will use all of the Mako money which is far from certain as young Tom is known to be a Mako fan.

[odillon] 08/4/2024 18:38

TTA - I am with you on selling Mako in its entirety, but the silence on the Topaz surveys is steering me to prefer a special dividend from Mako funds to shareholders rather than holding out hope on Topaz. I'm too Jaded for that.

[odillon] 08/4/2024 18:31

Some might say that all avenues lead to ruin.

If you own a house or any other property, 15% of which is mortgaged, you do not have 100% equity. You have 85%.

In the case of EME I am hoping that this 85% equity (7.225% of Mako) amounts to a very large sum of money that benefits the shareholders.

There is silence with regard to the de-risking Topaz surveys. As matters stand, the risk connected with Topaz has not been mitigated.

Shareholders cannot be expected to invest indefinitely without reward. It would be reasonable for a dividend to be paid from the Mako proceeds.

Good to see a little bump upwards in the share price today.