Empyrean Energy Share Discussion Threads

[neilyb675] 10/1/2025 15:47

JudiJudi buying more I see......

[blueblood] 10/1/2025 14:40

What about they are just sore and trying it on....

[lipov] 10/1/2025 14:24

Thanks Jem Jem, completely agree that TK wants to show the entire piece after all is agreed and negotiated with drilling partner.
Do you think that dispute with CNOOC (risk of not having funds available to pay it off) can prevent progressing with any approvals or permissions in Australia?

What is your view on dispute with CNOOC? Is it fair to expect they and their lawyers will demand and achieve to be paid in very near term? Or is something that takes years to negotiate the final payment at which point EME will need to find funds to pay for it.

Thank you

[showme01] 10/1/2025 13:44

That makes sense Jem Jem

[jemjem] 10/1/2025 13:39

bb. One of the hoops you have to go through, for onshore drilling in Oz, is to complete and pass a cultural heritage survey. I don't think it will be a problem - it just takes a bit of time.
I suspect TK will want to present the complete deal, rather than half a deal with caveats.
Imo

[blueblood] 10/1/2025 12:37

C'mon Kelly what's the score with Wilson? You got your money so start telling us the plan....

[judijudi] 10/1/2025 08:52

6.11.24

Empyrean is in advanced discussions to acquire an option (the "Option") from Apnea Holdings Pty Ltd ("Apnea") to participate in a conventional oil exploration project (the "Wilson prospect") which is situated close to existing infrastructure in the prolific Cooper Basin in South West Queensland, Australia, adjacent to several producing oil fields operated by Santos-Beach (Cooper Basin JV) and Bridgeport Energy.

Apnea is a company wholly owned by Thomas Kelly, Managing Director of Empyrean.

So who’s been negotiating on behalf of EME to get the best deal from Apnea?

And it’s over 2 months since the rns above

Are we in or are we out?

[neilyb675] 10/1/2025 06:09

RNS to confirm we have 40% of the Wilson project soon.

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.



The proposed acquisition of the Option will allow Empyrean to earn a minimum 40 per cent. Working Interest in the permit by paying two thirds of the gross cost of drilling an exploration well at the Wilson prospect, estimated at approximately AUD$2.8m (gross). The joint venture partners are in negotiations on a drilling contract and the remaining funding for the well.

[showme01] 09/1/2025 23:27

Really?

Australia’s energy needs since the first discovery in 1963.
The Basin remains significantly underexplored by industry standards. Major advancements in drilling and seismic analysis have been lightly used.
Exploration success rates in the region are very high, at over 50% following 3D seismic acquisition.

[judijudi] 09/1/2025 22:01

Probably because it’s a 5th rate project
In the last 60 odd years all the best prospects will have been taken up, I would have thought
And Is that CCOS or GCOS?

[showme01] 09/1/2025 21:39

What I can't find out is how did Kelly land this opportunity which gets EME 40% for a mere £1m. Maybe a surfing buddy but a question only he can answer.

[showme01] 09/1/2025 21:37

One of the many articles I have read. No more spoon feeding. DYOR

[showme01] 09/1/2025 21:35

The unconventional hydrocarbon potential of South Australian basins includes shale gas, tight gas and hydrocarbons from coal, via coal seam gas, in situ gasification and Syngas processes. In the Cooper Basin, a major effort is being focused on the unconventional shale play following 2010-11 exploration success. The first well to test shale gas potential in the Cooper Basin, Encounter 1, was completed in the Nappamerri Trough by Beach Energy with second well (Holdfast 1) also drilled, Santos has announced gas flows from coal seams, Stuart Petroleum has published resource estimates for a shale gas play in the Allunga Trough and Mettika Embayment, AGL has tested the Winton CSG play, Strike is testing the shallowest Permian coals for CSG in the southern Cooper Basin, and Santos continue to exploit tight gas.

The Company’s commitment to exploration and development in the Basin is underpinned by numerous drivers, including:

The region is a proven oil and gas province which has been a significant provider of Australia’s energy needs since the first discovery in 1963.
The Basin remains significantly underexplored by industry standards. Major advancements in drilling and seismic analysis have been lightly used.
Exploration success rates in the region are very high, at over 50% following 3D seismic acquisition.
Drilling costs are low given the basin is located onshore with easy access to equipment and infrastructure.
Access to infrastructure is excellent, meaning the path to commercialisation for successful discoveries in both short and inexpensive.
The combination of these factors means the economic case for investing capital in exploration and development activities in the Cooper-Eromanga Basin is compelling. Based on internal estimates, the payback period on investment is calculated at under 12 months.

[judijudi] 09/1/2025 20:12

😂😂You haven’t a clue have you 😂😂
👏👏

[showme01] 09/1/2025 19:23

Or wait for a broker note.

[showme01] 09/1/2025 19:22

www.google.com

[judijudi] 09/1/2025 18:32

show,
Let’s try again

Where do you get 40% COS from?
And is that CCOS or GCOS?

[georgesorrow] 09/1/2025 17:53

You're doing the spoon feeding, but with information you are not backing up.

[showme01] 09/1/2025 16:14

Plenty of research I've done with previous drills in the area. Everyone wants spoon feeding? DYOR

[bs_spotted] 09/1/2025 14:57

Showme You keep quoting this 40% COS but when asked you can't say where you got it from. Judijudi is right to challenge you. Where does this figure come from?

[judijudi] 09/1/2025 14:36

show
Where do you get 40% COS from?
And is that CCOS or GCOS?

[judijudi] 09/1/2025 14:35

Loads available with Redmayne Bent