Empyrean Energy Share Discussion Threads

[blakieboy7] 19/12/2024 07:40

Bb if only they had a Rachel, we'd be 2 million better off!!

[blueblood] 19/12/2024 07:32

Yeah tbh Rachel from accounts will be looking for new job soon :-)

[cashandcard] 19/12/2024 07:24

Showme1 - there are alot more options out there than this dodgy Cooper basin play. The world consists of more than TK.Cash

[showme01] 19/12/2024 04:27

Yeah great idea cash, get rid of the person who has Wilson in his own company for now. 🤣🤣🤣🤣9315;🤣

[cashandcard] 18/12/2024 21:47

What I am struggling to understand is why investors are not demanding TKs removal? I mean, how many howlers has this guy had? To lose $2mln with no proper explanation - failure after failure. Missed timelines and Dilution upon dilution....The presence of TK, at this stage, means a colossal discount factor is being added. The only certainty is the cash.He must go, or be made to go. In shareholder value terms, he is toxic.Upon his departure, this looks interesting again and, subject to a restructuring and rebranding, perhaps investable again...Cash

[wooster4] 18/12/2024 20:06

I think that final request might be a stretch too far....but one can wish!!!

[judijudi] 18/12/2024 18:46

Odil/biro
No it’s negative posters on here that’s caused the drop 🤦🏻
How’s the showme new forum for new investors doing?
😂😂

[blakieboy7] 18/12/2024 18:39

Helpful as always pen is, well it's in the name isn't it?! :)

[birotop] 18/12/2024 18:37

I’m sure that todays price drop will be just the thing to encourage potential investors to invest..

[odillon] 18/12/2024 17:14

I just saw the price today. it seems just to have been the last trade of the day that caused the largest drop and so with a bit of luck that may be corrected upwards tomorrow.

[odillon] 18/12/2024 17:08

There has been a very long history of drilling in the area JemJem. That makes new substantial finds harder to come by. To have some hope that there is a decent prospect in the target area I would need to see an independent chance of success report. That may come, and let's hope it does, but without it the Wilson project is not cause for positivity in my view.

It may be straightforward to reinstate the LEI code, but if so why has it been left unaddressed since 2022? There is a pervading dysfunction that appears to afflict company officers. The lost 2 million, errors in RNS releases such as citing the wrong figure for EME's Mako stake, losing Nortrust's holding on the Aim declaration for a period, vagueness about whether CNOOC have an actionable claim against EME or not and not keeping the LEI code validated for Apnea, to name a few.

As I understand it, the more time that goes by the less we stand to gain from Mako and so it would be very welcome if there is some news on that front shortly that lifts our spirits ...and the share price.

[the stinger] 18/12/2024 13:13

Not long here no.. however for the brave if the sell downs happens it's a different story here.

[judijudi] 18/12/2024 12:54

So if I’m correct Kelly is now dealing/negotiating on behalf of all shareholders with himself
You really couldn’t make it up
Really appalling goings on
imho

[blakieboy7] 18/12/2024 12:16

Are you long, Stinger?

[the stinger] 18/12/2024 11:49

This can either x5 /x10 on the sell down figures and other actions coming through ... or goes bust on other matters beating the sell down ... it really is as simple as that. And no one on here knows the answer to which way it will go. Good luck if you stay the journey, don't whine if you don't.

[jemjem] 18/12/2024 09:53

Odillon.
If they need an LEI I'm sure that will be rectified, as it's pretty straight forward to obtain.
As far as the 40% claim goes, I've got no idea where that came from as a "fact" - but it doesn't seem unreasonable judging by the history of the proposed drill area.

Imo

[odillon] 18/12/2024 09:31

JemJem

Why are online records showing that Apnea's LEI code lapsed in 2022. How are financial transactions being carried out through Apnea if it is the case that there has been no valid LEI code since 2022?

Where is the evidence that the Wilson project has a GCos of 40% and of who made that estimate? This claim has appeared on at least two forum sites but I cannot find an official reference. If someone has this information it would be very good to see it.

[judijudi] 18/12/2024 08:54

biro 😂😂

[blakieboy7] 18/12/2024 08:53

Nice reasoned post Jemjem

[birotop] 18/12/2024 08:49

I hope you all realise that posting negative comments is putting off potential investors…now stop it!

[jemjem] 18/12/2024 08:49

Odillon.
I think you're making a bit of an unnecessary mountain out of the Apnea relationship. It's a tax reducing structure that hundreds of Aussie's in a similar position use to control and reduce their tax liabilities.
From the Final accounts re Directors remuneration:

(a) Services provided by Apnea Holdings Pty Ltd, of which Mr Kelly is a Director. Mr Kelly has not sold any shares during the reporting period. Mr Kelly was issued 7,312,500 salary sacrifice shares in lieu of cash remuneration totalling US$64,000.


(b) Services provided by Topaz Energy Pty Ltd, of which Mr Bisht is a Director. 75% of Mr Bisht's fees are capitalised to exploration and evaluation expenditure (Note 8). Mr Bisht was issued 6,324,608 salary sacrifice shares in lieu of cash remuneration totalling US$55,000.

Frank Brophy used to have a similar set up. It's the norm.

TK is (or used to be?)a NED of another listed company and his remuneration was also paid into Apnea.

The fact that Apnea have an option on Wilson is a little more unusual. Whatever the history of it is, the transfer and exercising of that option via Eme could be to the benefit of both parties, as it "could be" a cheap way in to a decent amount of oil. Let's wait and see what the details are?
Imo