Empyrean Energy Share Discussion Threads

[digger2779] 16/5/2024 16:33

Won't be long before we are back to a quarter pee

[cmackay] 16/5/2024 06:11

Conrad up 7% overnight

[judijudi] 15/5/2024 07:31

I would ignore any target dates set by Conrad
Their track record is appalling
I would be very pleasantly surprised if they sign anything before the end of this month

[odillon] 14/5/2024 22:31

Stewart, on the domestic side:

"The parties shall endeavor to sign such GSA by no later than 31 May 2024"

We are running out of working days, but perhaps the endeavour will succeed.

[safiande] 14/5/2024 17:08

Stew,
It never was end May. This date is for the domestic DMO GSA with PGN only. The export GSA with Sembcorp at higher prices is still "within Q2".Signature of the export GSA will not result in a direct cash injection but could lead to a re-rating prior to any sale.

[stewart4990] 14/5/2024 16:24

Safi,

The key to all of this including Topaz is getting Mako GSA signed off so we know a value for our percentage, is the date still by end of May 2024.

Thanks

[safiande] 14/5/2024 14:47

IFC2,

Toon hasn´t displayed any operational knowledge nor interest in Mako. Not sure about Tom!
CRD has revealed that they plan to drill two dry tree wells which will generate revenue of US$75m, to offset a part of the overall capex of US$325m. This is mainly as a result of a slippage in maiden production to mid 2026. They haven´t stated when these two wells will come on stream but could be late 2025 / early 2026 following manufacture of the 60km pipeline tie in.
as per the latest qtrly they are still on target for FID in mid 2024. Also there is increased interest in the farm out as a result of operational & commercial progress which is potentially good news.

This is the relevant bit from CRD on the two dry tree wells:-

"Capital expenditures being optimised to reduce external capital requirements prior to first production e.g.first two dry-tree wells to be brought onstream first, generating initial revenues whilst subsea wells drilled.
Capital costs to initial revenues are currently estimated to be US$250 million(100%)."

[blueblood] 14/5/2024 14:26

At least we should find out then what the position is but on second thoughts this company is a law unto itself see $2m fraud issue!

[judijudi] 14/5/2024 12:18

July I think

[blueblood] 14/5/2024 11:44

When does our current Topaz licence expire? Summer 24 in back of memory?

[ifc2] 14/5/2024 10:03

Saf/Tom/Toon,At some point one of you mentioned two dry tree wells going forward.When would this be approx.

[aberdeenandy] 14/5/2024 09:39

It was quite extraordinary that they didn’t issue a follow up RNS about the missing $2m. I would think this would have been a regulatory requirement not just common courtesy to shareholders.

It shows a lack of guts not hold your hands up and admit to a mistake. They are still hiding behind non existent injunctive relief recovery action. Quite pathetic and it shows what a bunch of weasels the Board are.

[judijudi] 14/5/2024 09:24

They aren’t though are they
That’s why if we don’t get a Topaz extension they should sell up and divi up
Surely enough is enough for even the most diehard holder
I can’t see any single private shareholder being happy with how they’ve treated shareholders and run the company since inception
Losing (ahem) the 2 million and the lack of a proper explanation sums them up perfectly
imho

[showme01] 14/5/2024 08:02

The board 'should ' be accountable to their shareholders.

[stewart4990] 13/5/2024 17:07

I see it's 0.35p on the bid today utterly pathetic. What to expect with zero direction on Topaz, GSA via Conrad delay after delay.There is no reduction in salaries, just hopeless leadership. Has anyone ever got a reply to the concens above and that 2 million loss.

[blakieboy7] 13/5/2024 13:36

In 5 days it will be 5 months since they said the China projects were close to completion. Ffs!!

[showme01] 13/5/2024 13:15

On their salaries, they are more likely quaffing champers

[judijudi] 13/5/2024 08:55

Just when are the generously paid clowns Laurel and Hardy going to release some news?
What are they actually doing other than maybe shooting the breeze over a cold pint of Fosters?

[digger2779] 10/5/2024 13:34

Now buying and selling at 0.00401. No idea what's going on but reckon the mm's have got a whiff of something

[sharesure] 10/5/2024 12:42

We must be very close to at least the gas deal being finalised so I wouldn’t despair Stewart even though you have stuck with this for nearly two decades! Short of war breaking out in the South China Sea its difficult to see how even the players involved would/could screw this up at this stage; can they?!!!!

[showme01] 10/5/2024 11:41

Stuart, I was getting dummy buys at 0.401 earlier so at least some are buys.

[showme01] 10/5/2024 11:38

I would have thought it would be Gaz negotiating as the relationship was with him

[currypasty] 10/5/2024 11:35

Probably trying to get an extension. I'm sure TK is negotiating tp the best of his ability