Hi All longsuffering shareholders lets hope this well is a susses and the Indonesia government sing of mako.We will see the shareprice rise susptantly good luck to all. |
 Posted on LSE:
To evaluate the potential success of Empyrean Energy's Wilson River-1 well in ATP 1173, Southwest Queensland, Australia, we need to consider the geological context of the target formations (Murta, Birkhead, and Hutton) within the Eromanga Basin, historical drilling outcomes, and the specifics of the well design. Below, I’ll break this down based on the geological characteristics of these formations, insights from previous exploration efforts in the region, and the operational plan outlined.
Geological Context of Target Formations:
Murta Formation (Cretaceous)
Characteristics: The Murta Formation consists of fluvio-lacustrine siltstones and sandstones with high organic matter content. It’s recognized as one of the most important source rocks in the Eromanga Basin, with studies showing low to excellent total organic carbon (TOC) content and thermal maturity at the onset of the oil window (immature to early mature). It also exhibits good hydrocarbon generation potential, with some areas showing high production indices.
Reservoir Potential: The Murta Formation includes lacustrine shoreface and turbidite sandstones that have historically acted as reservoirs. Porosity and permeability can vary, but where sands are well-developed, it has proven productive (e.g., the McKinlay Member).
Historical Success: Oil has been discovered in the Murta Formation, notably at Dullingari-North 1, and it’s a secondary target in fields like the Naccowlah Block, where near-field exploration has yielded results.
Birkhead Formation (Jurassic)
Characteristics: This formation comprises fluvio-lacustrine siltstones, carbonaceous shales, and sandstones. It’s another key source rock with good to very good hydrocarbon generation potential, though kerogen-to-bitumen conversion is generally low. Thermal maturity is also at the oil window’s onset in many areas, with vitrinite reflectance indicating suitability for oil generation in regions like the Nappamerri Trough and Southwest Queensland.
Reservoir Potential: Meandering fluvial sandstones in the Birkhead Formation serve as reservoirs, though expulsion efficiency has been low in some areas, suggesting late entry into the oil window. However, where structural traps align with mature source rocks, it has produced oil.
Historical Success: Notable discoveries include a 20-meter oil column in the Kangaroo-1 well (2016) in the Birkhead Formation, expanding prospectivity westward in the basin, and contributions to fields along the Naccowlah-Jackson Ridge.
Hutton Sandstone (Jurassic)
Characteristics: A widespread, high-energy fluvial sandstone with excellent reservoir qualities—porosities up to 25% and permeabilities up to 2500 mD. It’s less of a source rock and more of a primary reservoir, often charged by hydrocarbons migrating from the Birkhead or Murta formations.
Reservoir Potential: The Hutton Sandstone is a principal reservoir in the Cooper-Eromanga region, with braided fluvial sands |
The Wilson River 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 in the more prolific formations of up to 59 percent, depending on a range of factors including reservoir quality.
The well is situated close to existing infrastructure in the prolific Cooper Basin in South West Queensland, Australia, and adjacent to several producing oil fields operated by Santos-Beach (Cooper Basin JV) and Bridgeport Energy. |
😂😂 |
That’s why we’ve dropped to near the billions of worthless issued share price |
I bet all who got the message today that:
“Your order cannot be completed automatically “ are feeling chuffed. |
😂😂 |
judi
Stop making a fool of yourself |
achilli
😂😂 |
Well it's already priced to be a duster. Scary to think what will happen if it is. Not that I want it to be but I'm as well to wait it out now.
Mako was what I was in for originally. I don't know why he didn't wait until that was sorted instead of diluting us to hell. |
It is possible to buy EME on Barclays share dealing site. I have done dummy runs as I do not have any spare investment funds at present. I was quoted 0.1117 pence |
😂😂 |
lol
You can F O troll
hope that helps you thicko |
The Naccowlah Block, located in southwest Queensland, has seen recent successful drilling activities. In August 2023, Bounty Oil & Gas NL reported the successful drilling of the Watkins North 1 well within this block.
Given that the Naccowlah Block is situated in the Cooper-Eromanga Basin, adjacent to ATP 1173, the Watkins North 1 well represents one of the nearest successful drills to the northwest corner of ATP 1173. The well recorded good oil shows in the middle Birkhead/GC 30 horizon. Subsequent logging and pressure tests confirmed the presence of a good reservoir. The well was cased and connected to the existing production infrastructure via the Watson Field facilities in late 2023.
EME are drilling into the Birkhead horizon as disclosed in today's RNS. |
Not surprised in the slightest at the market reaction |
One things for certain, EME never fails to disappoint |
Your order can not be completed automatically
Your order cannot be completed automatically at this time, but can still be submitted as a negotiated order. Reasons for this could include market volatility, the size of your order, or because there is not enough electronic stock available to match your order.
Because your order cannot be completed automatically we cannot guarantee the share price at the time of your trade.
Your order will be sent directly to our Dealers who will negotiate the best price available for your order in the market at that time. All orders will be completed in fair and due turn as soon as is practically possible.
Once you have placed a negotiated order you do not have the facility to cancel this instruction online.
BUY: 100000 EME - EMPYREAN ENERGY ORD GBP0.0001 |
Not that I would execute the deal if I could, of course |
I can't even get a quote to buy £1 of eme on HL |
very good sign IMO....price dropped but cannot buy a bean
Your order can not be completed automatically
Your order cannot be completed automatically at this time, but can still be submitted as a negotiated order. Reasons for this could include market volatility, the size of your order, or because there is not enough electronic stock available to match your order.
Because your order cannot be completed automatically we cannot guarantee the share price at the time of your trade.
Your order will be sent directly to our Dealers who will negotiate the best price available for your order in the market at that time. All orders will be completed in fair and due turn as soon as is practically possible.
Once you have placed a negotiated order you do not have the facility to cancel this instruction online.
BUY: 1000000 EME - EMPYREAN ENERGY ORD GBP0.0001 |
Telegram site search Empyrean Energy - EME |
Any chance for the telegram group please. Thanks |
If buys outweigh sells , only one thing will happen. Supply and demand. |
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