Empyrean Energy Share Discussion Threads

[judijudi] 07/11/2024 16:13

30% ish COS

[showme01] 07/11/2024 16:07

If we found a 20m barrel equivalent discovery, what would our 40% be worth. If a barrel in the ground is a very conservative $5 a barrel, that's $40m to EME. Any one know the commercial chance of success? £30m GBP, that really would sort us out. We could even keep our 8.5% of Duyung and fund the development and keep TK in salary for years and years to come.

[judijudi] 07/11/2024 15:56

Curry
Because he looks after himself first and foremost as he’s always done
In my opinion

[showme01] 07/11/2024 15:53

Maybe TK won it in a surfing competition?

[currypasty] 07/11/2024 15:44

why did Apnea get it and not EME direct?

[showme01] 07/11/2024 15:39

'The Wilson prospect is being prepared for near term drilling once final surveys are complete and permits granted. The prospect has been mapped with a combination of 2D and 3D seismic and has estimated prospective oil in place in the range of 8.7 million barrels of oil equivalent to 37.4million barrels of oil equivalent with a mean of 21.3 million barrels of oil equivalent. Nearby fields are said to have recovery factors up to 50 per cent. The proposed acquisition of the option will allow Empyrean to earn a minimum 40 per cent working Interest'

Considering the low capex to fund EME's obligation of the drill and the success in the area along with an average of 21m of barrels of oil equivalent, TK or Gaz actually seems to have found a very good opportunity. I wonder how they got it?

[mrblobbythe2nd] 07/11/2024 15:27

This is the kind of result that EME are targeting.



Recent well result in Cooper Basin from Bass Oil flows nearly 1000 barrels a day, announced yesterday.

[showme01] 07/11/2024 14:47

Copy and paste please as can't read it

[cat33] 07/11/2024 14:22

Interesting update from Jim https://oilman.beehiiv.com/p/oilman-jim-s-letter-november-7-2024Worth reading

[petercrosby] 07/11/2024 14:19

"it proposes to carry out a capital reorganisation of the ordinary share capital of the Company to subdivide each Existing Ordinary Share into one new ordinary share of 0.01 pence each and one deferred share of 0.19 pence each (the "Capital Reorganisation")"

Will the "deferred shares" just be another class of share on the register?

Or does this imply that I'll have a warrant exercisable at 0.19p?

[georgesorrow] 07/11/2024 10:17

There have only been two trades worth over £1k this morning. This is hardly a market at all. Volume is less than minuscule. Any talk of significant buying or selling is nonsense.

[currypasty] 07/11/2024 09:39

Dont worry, the MM's will be in on it one way or another, IMO

They will be happy to sell them to punters at 0.13, and get back at 0.1

[bs_spotted] 07/11/2024 09:36

The auction process is being used by those with DMA to make it look like there is stuff going on - to suck the pi's in. Putting 1 share buy and sell orders "at market" for example, just to create an auction
Nothing wrong with newbies making a profit, but people should not be fooled by random posters on a bb. Me included, I guess!

[astorcourt] 07/11/2024 09:36

rocketing now

[mrblobbythe2nd] 07/11/2024 08:45

And the purpose of the auctions is bs_spotted?

Just because things have not worked out for your investment here does not mean new buyers cannot make a healthy profit.

Out of pocket longs hate the thought of others making a profit.

[bs_spotted] 07/11/2024 08:35

What a load of pumping rumping tosh being chucked out by all the newcomers who have got themselves long and are trying to pump away to make their turn. so obvious.
Background buy orders! MM's have no stock! They can have as much as they like off Kelly and make a nice 30-40% turn.
Lol Lol

[mrblobbythe2nd] 07/11/2024 08:27

They are filling orders, background buying occurring explains the auctions, plain and simple.

Do the maths, sub 2.75m m/cap v Mako stake (will be sold eventually) worth £10m/£15m? & now 40% interest in a upcoming well spud in the Cooper Basin

Price is a gift, especially now they are funded.

[broken_arrow1] 07/11/2024 08:10

Looks like the auctions are back, that means they do not have much stock to fill demand.

Interesting.

[birotop] 07/11/2024 08:09

Agenda…ffs we are at 0.123 of 1p, if anybody has an agenda then it’s cowboy Tom. You need to take a reality check, an agenda at 0.123p ffs

[showme01] 07/11/2024 07:59

Have you run out Colin pushing your agenda?

[coiin stein] 07/11/2024 07:36

𝐬𝐨𝐦𝐞9848;𝐧Ү38; 𝐩𝐥𝐮𝐬9836;𝐨Ү42;𝐧 𝟓𝟔𝟑𝟗0788;
....................

𝐚𝐧𝐝 𝐱_𝐢'𝐝 ... 𝐠𝐢𝐯𝐞 𝐢𝐭 𝐚 𝐫𝐞𝐬𝐭 𝐩𝐚𝐥
𝐲𝐨𝐮 𝐤𝐧𝐨𝐰 𝐄𝐗𝐀𝐂9827;𝐋Ү32; 𝐰𝐡𝐚𝐭 𝐈 𝐦𝐞𝐚𝐧

[one2go] 07/11/2024 07:02

I seem to recall similar words to the last few posts at CRCL last year when the share price was around .16p, soon after they RNS'ed a well drill stake in a prolific oil region, within weeks the shares exceeded 1p.

Count nothing out on AIM.