Empyrean Energy Share Discussion Threads

[wooster4] 08/12/2024 16:11

Judi - admitted in 2005 - I call that 20 odd years! I gues when you troll a board for so long years blend into one another

[judijudi] 08/12/2024 15:52

And the share price is currently 1/10th of a single penny so maybe any moaning was/is warranted!!

[judijudi] 08/12/2024 15:40

FFS
EME has not even been going for 20 odd years!

[wooster4] 08/12/2024 15:02

Lipov - judi has averaged 5 posts a day here for 20 odd years - and they’ve all be moaning - hardly a wise use of time but hey ho

[judijudi] 08/12/2024 14:34

Holding shares for more years than you are probably age wise

[lipov] 08/12/2024 14:32

Development cost of 100% share of Mako is around 322m, cannot remember the exact number. If Eme keeps 4% they have to fund 13m or so. This can be easily funded and paid for from first day of revenue generation, usually up to 50% of net income each year.
Wilson will be drilled otherwise placing wouldn’t occur. It is in huge interest for CEO to be drilled.
Topaz and Gaz B are hand in hand, they won’t let it go. Gaz B. just has to show Cnooc 12m and will be drilled when weather permits. I believe that will happen if Eme decides to sell Mako down completely.
Judijudi how long have you been in oil exploration business as a holder of companies shares? Because you are asking questions or making statement that are a bit unusual. The best you managed to figure out was that nortrust is buying for steady income and dividends. Which just going by reading your posts here on Eme, it was a bit of a ‘shocker’; to see you posted something potentially positive.

[judijudi] 08/12/2024 14:05

If Topaz is as good as EME claim then surely other companies will be all over CNOOC for the opportunity
If nobody else wants it then that speaks volumes
imho

[judijudi] 08/12/2024 14:02

“A high chance of EME being a good revenue generating”
🤷‍a94;️

[judijudi] 08/12/2024 14:01

“and Wilson well is commercial”
It’s not even been confirmed it’s even happening yet!

[judijudi] 08/12/2024 13:45

Utter garbage
Firstly:
How are we going to fund our share of development costs at Mako?

[lipov] 08/12/2024 13:23

Don’t throw Topaz away yet. Once Eme offers funds from Mako (in case of full sell down) for drilling Topaz to Cnooc, why would they reject?? Cnooc doesn’t pay anything for exploration drill but can earn for free 51% if Topaz turns out commercial.

[lipov] 08/12/2024 13:18

Selling 158m will not be a problem when mako farm down occurs and Wilson well is commercial. However I agree that most likely they see high chance of EME being revenue/dividends generating in the future. Eme might well sell only portion of 8.5% and keep the rest for nice income after 2026. I wouldn’t be surprised if Eme only sells portion which would be equivalent in relative terms to Conrad sell down. Conrad will probably want to keep minority stake and Eme too. There is a good upside exploration potential in Duyung asset. Why say no to it?! New Mako developer would want to have certainly above 50% if not much more.
Eme and Conrad did similar type of sell transaction to Coro where both of them decided to sell just a portion of Duyung license to Coro. I think Eme did give away 1.5%.
So, agree that Nortrust is here because there is high chance Eme will be a good revenue generating company (dividends)and if Wilson comes in, even better.
Highly likely after reading Conrad presentation and their rns that sell down will be completed shortly and Fid as well, max end of q1 imo.

[judijudi] 08/12/2024 13:05

🤦🏻
Why would the Chinese want EME?

[goldsworth] 08/12/2024 12:28

Perhaps they are hoping for a T/O from those nice chinese.

[judijudi] 08/12/2024 11:11

Nortust cannot sell 158,000,000 shares (and growing) on the open market
They are after a divi from Mako
imho

[neilyb675] 08/12/2024 11:04

I mentioned 0.5p and should have qualified that would be hit with Wilson news i.e. drill plan and spud date.

Mako sale if that comes in, I think 1p easily achievable and Nortrust know that....hence their loading up at these levels.

[lipov] 08/12/2024 10:38

Judijudi, nortrust would be in contact with management about companies assets and future plans even informal way before buying in.

0.5p easily with Mako sale and commercial first well with clear plan to develop their asset. End of Q1 imo

[neilyb675] 08/12/2024 10:27

Empyrean Energy was notified on 3 December 2024 that Nortrust Nominees Limited now holds 158,000,000 ordinary shares in the Company, which represents approximately 6.2% of the issued share capital of the Company.

____________________________________________________________________________

Personally I would like Nortrust to continue buying and todays price is very opportune for them. Maybe to get to 10%.

I'd be delighted with 0.5p as an exit price.

[lipov] 08/12/2024 10:25

Personally I bought in for Wilson prospect and its development. Mako money after paying off 7-8m debt should be enough for few wells. First well will be quite important to decide if to develop that asset or not. It looks like Nortrust was brought in when discussions around Wilson asset firmed up. Looking forward to see/hear more on details of that new project. CEO will get 5% of EME if first well comes in commercial. Asset is located in Australia, which is another plus.
Lots should be revealed in upcoming presentation.

[judijudi] 08/12/2024 10:14

I do wonder why Nortrust are buying?
Surely they can only be buying for whenever Mako is monetised as I would have thought our other assets are all but worthless imho
They can’t be in it for Eagle or Sacramento and we’ve not got China anymore
So as I’ve said previously I hope they are building a stake to force TK to divi up any Mako left overs after paying off our debts
bwtfdik

[blueblood] 08/12/2024 09:38

Expect Nortrust are looking for at least 1p exit!

[wooster4] 07/12/2024 17:39

Maybe you have loaded up judi - if you have I can’t say I applaud your investment strategy of investing in companies that have a track record of failure and in ones in which you loathe management - each to their own though

[goldsworth] 07/12/2024 17:39

Hi Blakieboy, I've just joined.

[blakieboy7] 07/12/2024 17:28

Gold, did you post under a different avatar before or have you just decided to join advfn?