Empyrean Energy Share Discussion Threads

[judijudi] 18/11/2024 15:28

What the CEO has done has got us to a share price of just 0.12 with over 2 billion shares in issue
Countless placings
And I’ve heard point 2 of that post more times than I care to remember!

[lipov] 18/11/2024 14:35

Two main observations I have and are keeping me invested are:
1. Mako farm down lead by Conrad and its banks. We will get whatever they agree.

2. Ceo got diluted/halved and owns around 5% and he wants it back to 10% if Wilson is declared commercial. Otherwise some other beneficial option would be agreed if he would not believe Wilson can provide him good retirement.
Next step is some sort of more details shared via presentation around mid December. Gla

[showme01] 18/11/2024 13:50

The Wilson prospect has been mapped with a combination of 2D and 3D seismic and has estimated prospective oil in place in the range of 8.7MMBOE to 37.4MMBOE with a mean of 21.3MMBOE. Nearby fields have recovery factors up to 50 per cent.

40% CoS in having a huge additional asset. Assuming a very conservative £10 per barrel of recoverable oil equivalent, based on the 21.3m average with a conservative 40.% recovery, that equals 40% of 8.52m x £10 which equals £34m to EME. Success with Wilson and Duyung cash out less debt could have EME around 2p per share, then with that cash, a portion could be used to drill Topaz.

Upside is huge at these levels so you can tick this down as much as you like, but let's see where we all are in a few months.

[the stinger] 18/11/2024 13:35

Well if they get a decent Mako payment different story...

[showme01] 18/11/2024 13:28

Some saddo ticking everything down.

[lipov] 18/11/2024 12:51

Do we know what is an estimated NPV for Mako?

[blueblood] 18/11/2024 12:32

Must be worth $30m imo

[showme01] 18/11/2024 11:51

$20m plus is a figure used previously.

[the stinger] 18/11/2024 11:40

Doubt it's value is that...maybe £10m yes..

[the stinger] 18/11/2024 10:16

Can any value from mako really cover matters?.. who know the true value of mako?..

[ifc2] 18/11/2024 10:02

Also the 15% of debt of the Mako sale price (if we sell) isn't due for two years, roughly when we have oil. And a reminder Mako is still valued @ 57k dollers or £38/£36million. I ve not forgotten the blumbing dilution.

[judijudi] 18/11/2024 10:02

Not good to have that hanging over us is it?
Especially when some of you think Topaz is still live even though we may be in a legal battle with them

[showme01] 18/11/2024 09:21

The 12m CNOCC is disputed and would take years to resolve if it went legal imo

[lipov] 18/11/2024 09:16

Difficult to say if it is undervalued. It seems anything received from Mako above $20m would be a bonus for exploration. 7-8m is for bondholders and 12m for CNOOC.
I am expecting good detailed presentation on Wilson mid December which would show better signs if under or overvalued.

[birotop] 18/11/2024 08:45

Undervalued at 0.12 of 1 penny, that’s about right, maybe not if you paid more than 1p..let alone 5,10,50p,£1,£1.50 Jeez give me strength.

[judijudi] 18/11/2024 08:06

And back in March we still had Topaz

[the stinger] 18/11/2024 07:50

How is EME undervalued?.. explain please.

[mrblobbythe2nd] 18/11/2024 07:18

Yes it is 'hugely undervalued' which is why buyers have exceeded sellers over recent sessions and will continue to do so.

Back in March the company was valued at circa £10m based on the Mako stake, now the company is only valued at £3m having just raised £1.2m.

The company still has the Mako stake and will shortly be involved with a exciting high COS drilling opportunity in the Cooper Basin (40% interest) where flow rates usually range 800/1000 bopd.

[showme01] 17/11/2024 22:26

We need to attract new investors as this is hugely undervalued. Accusing the
CEO of the fraud is ridiculous andnot the best of ways to promote the opportunity that Eme presents.

[dodgydd] 17/11/2024 16:04

I think he already has indirectly via Apnea....

[astorcourt] 16/11/2024 14:27

The "hacker" who took 2 million may invest in the new prospect if plaing price of 0.1p becomes available.

[showme01] 15/11/2024 14:53

Are some on the sidelines hoping to get nearer the placing price?