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Share Name Share Symbol Market Type Share ISIN Share Description
Empyrean Energy Plc LSE:EME London Ordinary Share GB00B09G2351 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 5.65 5.40 5.90 5.65 5.40 5.65 366,941 08:00:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -0.8 -0.0 - 28

Empyrean Energy Share Discussion Threads

Showing 308001 to 308021 of 309975 messages
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DateSubjectAuthorDiscuss
01/1/2021
19:36
Thanks Safiande,would that ranging between $30/$40 million dollars for eme stake.
lowsulpher1
01/1/2021
19:31
Hi Safi,As I said earlier I appreciate your comments, any thoughts on the timing of the GSA.Regards Stewart
stewart4990
01/1/2021
18:37
lowsulpher11 Jan '21 - 15:38 - 35288 0 1 0 Hi Safiande thanks for your research its looking for us long suffering shareholders for 2021 how much do you think eme stake is worth if we sell our full share. --------------------------------------- Sulphur, Based on my research I have no reason to depart from the figures stated here from time to time as I mentioned here in the past that I expect EME to make a small fortune from Duyung. I believe that the price will be based on the values of the GSAs in the first instance. There are likely to be a number of variables, not least the gas price ranging from 6 - 8 dollars / mcf used by the analysts up to 10 - 11 dollars / mcf used by Coro last year when prices were more buoyant. Also duration of contract & associated delivery schedule possibly up to 20 years with different prices and whether the State gets a chunk as per previous GSAs with Sembcorp.
safiande
01/1/2021
18:34
Would you prefer the usual meaningless one liners from yourself every day? Heaven help us all if so. Lockdown is more thrilling.
safiande
01/1/2021
18:12
The posts on this bb today are extremely disappointing and unnecessary.
blakieboy7
01/1/2021
18:06
'Take a look in the mirror and ask yourself, well Tom when are we gonna sign this GSA?' Are you are implying that Saf is TK ? I like trees was a tribute to 'Hilly the hippy' for those that remember him. Saf, you certainly have a vivid imagination. Quite an odd thing to get from liking trees. Guess it says more about you??
showmethemoneyhoney01
01/1/2021
17:54
I think you´ll find that it is lazarus2010 not Chris. Personally my favourite is " I like Trees " as you can hide behind the big trees whilst you indulge in your cottaging antics in Hampstead Heath.
safiande
01/1/2021
17:21
Bellend01, that is one hilarious posting name even if it is you CM.lol
showmethemoneyhoney01
01/1/2021
15:44
Safi,The key is when will that GSA be signed
stewart4990
01/1/2021
15:38
Hi Safiande thanks for your research its looking for us long suffering shareholders for 2021 how much do you think eme stake is worth if we sell our full share,
lowsulpher1
01/1/2021
15:10
Stew, Any monetarisation is likely to be from the outset imo i.e. following signature of the GSAs which could act as the trigger for any sale of equity to new partners such as Premier / Medco etc. Could include part sale as their CAPEX contribution is not too high based on the Coro figures above. They might stay in for Phase 1 only and then sell on. Mako is guaranteed cash flow over several years. This project could act as an insurance policy in case China doesn´t come off & avoids EME being a one trick pony. I too was a little disappointed that they pulled out of the Borba drill only considering how much they learned & how much they spent on Dempsey. They still have AMI rights so they could pile in to future wells if Borba is a success. So far SGC has stated that they will release the third party resource estimate once the revised partners are announced.
safiande
01/1/2021
14:49
Coro is one of ALIGN Research´s top 7 tips for 2021. Issued on Dec 30. Reads very well if you are a Mako fan. – CORO ENERGY – Current price 0.42p Growth in electricity demand in South East Asia is amongst the fastest in the world and a compelling play on this enormous opportunity is Coro Energy, a company which has rapidly developing interests in both renewables and gas. Duyung PSC’s Mako Gas Field is one of the largest gas fields ever discovered in the West Natuna Basin, offshore Indonesia, where production could start in 2024. It represents a tremendous gas asset which is reasonably close to Singapore and linked by a pipeline which all makes for it being a highly marketable asset. This is a shallow single tank deposit that is well understood and technically low risk. A highly successful appraisal drilling programme in 2019 dramatically increased the gas resource which has led to the Mako plan of development needing to be upgraded which also ushers in a profile of much better returns. Leasing the processing facilities could allow the capex to be trimmed to US$265 million. Plus, there is even cheaper alternative of piping the gas to an existing platform which has already has compression facilities. With some other projects in the area in decline, Duyung would be able to use the spare capacity in the pipeline to Singapore where premium prices are paid. Obviously, the gas price is the key, but this is a very bankable project even at relatively low gas prices. The large areal extent of the Mako Gas Field, Duyung PSC, offshore Indonesia showing all the wells drilled on the structure. Source: Company Coro could fund its share of the development of the Duyung PSC in many ways. Operator Conrad Petroleum may seek to reduce its 76.5% holding stake with a farm out deal. If Coro tagged along and if the development was project financed on a 40% equity and 60% debit basis – the sort of investment required by the company would most likely be in the region of US$10 – 15 million and not US$20 – 40 million. Obviously, this is all dependent on the development concepts and the market will get a lot more clarity over the coming 6-9 months. Recent move into renewables In recent months, Coro’s board has recommitted itself to South East Asia and now has a broader corporate strategy of hydrocarbons and lower carbon technology. The company has big plans for energy storage backing highly cash generative projects. The first move has been to take a 20.3% stake in ion Ventures, a firm which has 250+Mw of battery storage projects with consent in SE Asia and UK/Ireland. Coro has first right of refusal to fund each of ion’s clean energy projects. 200MW of shovel ready grid connected assets – 50MW of grid connected and off-grid solutions ion Ventures’ project pipeline. Source: Company The substantial pipeline of battery storage projects that ion has amassed is now being rapidly matured towards financing and project execution. Coro is getting involved in the pre-development /pre-construction stage where there is a higher risk by where a decent return look to be on the cards from a meaningful but relatively small investment The message that is coming through loud and clear is that there are big opportunities and investors should not fear the level of financing required. The share price of Coro has cratered over recent years, down from 4p to a derisory level at which the stock offers tremendous value in our view. Investors might have been put off by debt and a lack of obvious progress with little news. It has to be pointed out that James Parsons has a proven track record in renegotiating such debt and anyway the company’s €22 million Eurobond issue (raised to pay for its stake in the Duyung PSC) is in friendly hands. Moving ahead, the news flow looks to be good. The revised Plan of Development and the signature on the Gas Sales Agreement (GSA) could trigger a strong re-rating of the stock. Certainly, a GSA with a favourable gas price from the gas market moving up is a value catalyst that we believe is not even remotely priced in. At the same time, all this is happening as the scale of the opportunities from the company’s first move into South East Asian renewables and battery storage become apparent. Coro seems to be in the right place at the right time given the sentiment tailwind in this space in recent months. With the shares springing to life in the dying days of 2020 t looks as though other investors are beginning to cotton on and the future could be very bright. Given all this pending excitement, we very recently initiated coverage on Coro Energy with a Conviction Buy stance and a target price of 1.50p when the shares were trading at 0.275p. Our view remains unchanged. Buy. Http://www.alignresearch.co.uk/commodities/aligns-top-7-conviction-calls-2021/
safiande
01/1/2021
14:46
Safi,Happy New Year, I appreciate your comments and views , please continue. If eme decide to moniterise Duyung any thoughts on when.Also I note Borba progressing SGC more that doubled we have about halved perhaps we should be involved who knows
stewart4990
01/1/2021
14:42
Thanks Saf and all the best for 2021
blueblood
01/1/2021
14:42
Must apt avatar name of 2021 has already been awarded to.....bellend pmsl
blueblood
01/1/2021
14:35
Curry, Thanks for your kind comments. Blueblood, I believe that signature of the GSAs is likely in the early part of the year. It is the next step in the process following agreement in Dec by the Indonesian authorities of the revised Plan of Development & the updated Mako gas resource. Also it is now months since the HOA was signed. I think that Tom will probably sell up completely if only to fund China. However he is known to be a big fan of Duyung. In Sep he stated that the final decision would depend on the terms of any offer, including any part sale. EME was happy to reduce its Sugarloaf interest to as low as 3%. Duyung is a cash cow as per the GSAs. Also the initial CAPEX of US$350m is to be reduced by millions as Conrad plan to lease the processing facilities. Planned reduction is US$130m. Phase 1 drilling ( six wells ) is estimated to cost only US$115m. This is a shallow field. Also a further 100bcf potential has been identified to the south east above the current formation. At the moment I am a bit nervous about China as they need to sign up at least one if not two major partners ( CNOOC / Husky ?). Fortunately Gaz managed to secure a 12 month extension without invoking force majeure. Presumably the new avatar created today is one of those muppet idiots begorrah / lazarus. Probably the latter who has a track record for this sort of thing and is not exactly the brightest here, although he does have a thicker rival in thick mick begorrah & bejeezus
safiande
01/1/2021
14:17
Keep up the good work Safiande,its time to filter Thick Mick Begorrah,Bellend 01,along with Hodge podge,Colin Steel.
lowsulpher1
01/1/2021
14:17
I see Morrison has created a new avatar more aptly describing his capabilities and knowledge
michmcd
01/1/2021
14:09
New profile created today
blakieboy7
01/1/2021
14:06
Charming....
blocker2
01/1/2021
13:23
"most likely due to jealousy because of my exalted high calibre status" ha ha, well done saf, I don't always agree with your comments, but you are top notch, happy new year to you, and all long suffering eme holders
currypasty
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