Empyrean Energy Share Discussion Threads

[judijudi] 30/4/2024 22:09

When the share price here gets (if it ever does) to my get out of jail price you with your vast financial experience and friends in very high places will be the first person I ask for any advice going forward

[cmackay] 30/4/2024 21:44

Fair enough. Why not just sell then?

[judijudi] 30/4/2024 20:16

Psychoanalyst par excellence
Financial Wizz kid
Governmental advisor
What a guy
A leg end in his own mind
😂😂

[cmackay] 30/4/2024 19:07

And FO is a valid counterpoint how?

I didn't offer you financial advice, although if you've been here moaning about the stock instead of getting out for decades, perhaps you should seek a licenced advisor? Just a thought.

I didn't get to talk at parliament, it was cancelled. You seem to take things very personally. Emotions rarely make profit. Ah, it's starting to make sense now...

[judijudi] 30/4/2024 18:38

And I reserve the right to tell you to FO!

Tell me or anybody else on here why we should be positive?
There has only been negative news for years as the share price reflects!

And I don’t need financial advice from you nor anybody else

It’s your right to analyse what anybody says on here as it is mine
And on that subject, how did your talk to parliament go in the end?
😂🤣

[cmackay] 30/4/2024 16:35

You have also been 100% negative with your views on a stock you claim to hold, and that's since I invested in 2016.

I would have cut my losses quickly if I felt the way you claim to feel about a stock I had paid for. So I'm not sure you're expressing opinions that hold any value for others here. Say it as you see it, by all means. But I reserve the right to analyse the context of your input.

[cmackay] 30/4/2024 11:24

The point is that government deadlines, appointments, schedules and agendas are always subject to change as a result of the most broad sphere of influence. Sorry for not connecting the dots.

Conrad would be criticised for silence if they didn't give timelines. They are obliged under market rules to update their shareholders. They release the information they are given, this is subsequently subject to change.

The gas will be monetised.

[judijudi] 30/4/2024 05:54

cmac,
Not sure what your tale has got to do with the position Conrad are in 🤷🏻‍♂️

Conrad are best not giving timelines out to shareholders if they think they aren’t going to be met
Under promise and over deliver, a golden rule that Conrad seem oblivious to as is reflected in their share price

[cmackay] 30/4/2024 00:49

The Indonesian government can tell Conrad it's going to be xyz, then turn around and say oh no, it's abc. What are Conrad going to do? They are dependent on the government clearance.

I was invited to talk at Houses of Parliament last year, it never happened and I knew at the time of invite it was doubtful to be at the time mentioned, if at all. They will sell the gas.

[judijudi] 29/4/2024 20:07

If it’s out of the operators hands then why have Conrad continually given deadlines that they have missed and still continue to do so to this day?

[cmackay] 29/4/2024 17:55

Agreed, Barony; that's even better.

Dealing with government admin takes all control out of the operator's hands regarding timelines but we have domestic and export prices and volumes over the line. It will start to pick up pace over the next month or 2 I think. Energy is big business.

[barony] 29/4/2024 07:45

I prefer —— “The Duyung farm down process progressed and additional parties expressed an interest in acquiring a participating interest in the PSC”

[cmackay] 29/4/2024 02:43

I like the bit where it says "The parties will endeavour to sign a GSA by no later than 31 May 2024."

[cmackay] 29/4/2024 02:36

RNS at Conrad


Considerable progress has been made in maturing the Mako project in the Duyung production sharing contract (“PSC”) during the Quarter, with key developments including:

o Conrad advanced the procurement of all major contracts and services with this process ongoing and expected to conclude in Q2 2024, with several tender closing dates extended at the request of potential bidders. Project cost estimates to be further updated (to a ±10% accuracy) once the procurement process has been completed.
o The Minister of Energy and Natural Resources approved the Mako export gas price and volume allocation1
.
o On 27 March 2024, Conrad and PT Perusahaan Gas Negara Tok (“PGN”) entered into binding key terms for a GSA for the domestic portion of the gas produced from the Mako field2
. This is part of Conrad’s domestic market obligation (“DMO”) as set out in the Mako’s revised Plan of Development (“POD”). The GSA will be subject to the construction of a pipeline connecting the WNTS to Batam Island, failing which the subject gas will be available for export. The sales volumes under this GSA will represent approximately 29.5% of Mako sales gas volumes until the PSC expires in January 2037. The parties will endeavour to sign a GSA by no later than 31 May 2024.
o The Sembcorp key terms (announced in Q3 2023) and those now agreed with PGN are important steps towards the Mako development final investment decision (“FID”) targeted for mid-year 2024. Production start-up is targeted for mid 2026, or earlier if possible.
o Technical and commercial work continued for the West Natuna Transportation System (“WNTS”) Joint Venture and with the support of SKK Migas, to negotiate the commercial and legal terms for access to the WNTS for the transportation of the Mako gas to Singapore.
o The Duyung farm down process progressed and additional parties expressed an interest in acquiring a
participating interest in the PSC, with the Company engaged in confidential discussions.
o Indicative term-sheets have been received from several potential debt providers to help fund Conrad’s debt funding of Mako project costs. Debt provider selection is continuing with preferred provider to be selected by mid 2Q 2024.

[rajawali] 26/4/2024 13:17

OK, understood. How about an approximate ratio of votes : BB posts? I am tipping it's not that high.

[judijudi] 26/4/2024 07:05

I have no intention of telling you or anybody else how many shares I hold!

[rajawali] 26/4/2024 02:20

Judi - indulge us all and disclose how many votes you may have.

[judijudi] 25/4/2024 11:47

If our management team don’t get an extension at Topaz on favourable terms and then insist on pursuing yet more Wild Goose chases with the funds from any Mako sale I will be voting no to any re elections
Enough is enough
Losing (ahem) the 2 million and not getting a Topaz JV (or indeed a Jade JV) are the straws that broke the Camels back for me

[judijudi] 25/4/2024 07:52

show,
😂😂

[cmackay] 24/4/2024 19:30

That's a very tempting 37.5% spread, MMs trying to encourage traders in? 🤦