Empyrean Energy Share Discussion Threads

[abergele] 06/10/2017 09:56

blakieboy,
What's with the 2 x 50k's,,,the second at a lower shot,
was it a buy back and a short re-opened?

edit. a delayed 100k sell from 0914am..are they linked..,ie. the50k's are both buys and the 100k the returned sell...?

[fission453] 06/10/2017 09:52

Yes blue....something is brewing!

[abergele] 06/10/2017 09:09

Buys from late yesterday were at 18.50..so there we get on que a delayed buy to start...fishing barstewards,,,get this offer and bid up,..bahhh

edit.
Rant over,they have seen my script...haaaa,haaa......still bartstewards though..

edit,
now you can see what the power of a call to the fsa can prove,,only knocking on their door now,
has scared them into raising the price,,haaaa..

Buying EME shares,they sould be warned,"it comes with a wealth warning"..haaa,"you could be frightened into selling short by m/m's"

[abergele] 06/10/2017 09:00

I get exasperated each time I see a share dropping with no trades,happened this morning yet again,unless a delayed sell trade in/from the first 10.mins happens,
I shall be annoyed,,15 mins later, it's triggered further sells,then the greater buy trade,than all sells, does'nt make a glimmer of a change upwards.

After the first 30 mins. we get more buys than sells,and we are still manipulated so it seems, ,I am not wishing to see an hour delayed sell come in after the 9am area,, but to me it's only the answer to this scenario, or theft of ones money..

5 mins to go to be proved wrong of daylight robbery then,,I know some will come back and say it's how they make a market,,bahhhh

[blueblood] 06/10/2017 07:37

Investor based in Channel Islands

[cmackay] 06/10/2017 07:30

That's great, bodes very well for the Sacramento project.

[nithbank] 06/10/2017 07:15

Paid £780,000 for 5%

[nithbank] 06/10/2017 07:13

SGC investor is Roger Barby.

[cmackay] 06/10/2017 01:28

Yes, a China or Indonesia update would be a great boost. I don't think it can be that long before one of them has something worthy of rns.

[s0n1cb00mb0y] 05/10/2017 22:57

Agree bishopawn.A very exciting time ahead, if ever there was a time to drop in some alternate news then next week would be ideal. Keep the share price on the boil the eyes down for the flow tests.

[bishopawn] 05/10/2017 22:37

quotes from the last RNS:-

"The casing perforations for the first reservoir flow test are anticipated to take place towards the end of October 2017.

The adjacent JV owned meter station is being readied for gas flows from the Dempsey well.

Empyrean CEO Tom Kelly commented, "Empyrean is pleased with the progress and planning being undertaken in order for the Dempsey 1-15 well to be tested safely and, if successful, placed into commercial production. This process is underway and the coming weeks will be very exciting as we reach critical stages of the testing program."

-------------------------

The meter station is being readied for gas flows from Dempsey.

The process of testing is underway and the coming weeks will be very exciting as we reach critical stages of the testing program.

This week the share seems to be consolidating, which bodes well for the "very exciting" period that may be only 14 share trading days away.

[theb1gf] 05/10/2017 18:07

A very much better day than I thought it be here 8-)

[safiande] 05/10/2017 15:39

Latest on the Tulainyo well. Tulainyo is on trend to the south of Alvares. Shallow well so they might reach target depth after the start of Dempsey testing.

“The Countdown Begins: ASX Stock Days Away from Drilling US$6BN Potential Gas Resource “

4 Oct 2017

[bobcomins2] 05/10/2017 15:28

"Most perforating guns punch holes with diameters of 0.23” to 0.72”.
The typical perforating guns have penetrations of 6” to 48”. Most guns shoot from 4 to 12 shots per foot. Perforating guns come with different pressure and temperature ratings. "

Looks like its normal practice as depth can be 4 feet so 1m (3.3ft) is within range.

[pwald9] 05/10/2017 15:20

Trying to keep a level head here, so a question for those that actually know something about this.... With talk of the perforator gun aiming to punch 1m deep perforations, could I ask if this is typical / usual (with the caveat that no two wells are the same etc etc)? Or, reading between the lines, does it suggest there might be some skin damage from all that overweight mud that they are trying to deal with without the need for an acid treatment, frac or however else they might deal with skin damage (were it to exist)? Trying to see all side of the coin, so mulling over various scenarios. Swampydrill or someone else with field experience care to educate me? TIA

[abergele] 05/10/2017 15:12

these sells at 18.7p must be buys surely?

tdw,, won't take a sell, only send and wait
but can buy at 18.675p

[kumala] 05/10/2017 13:59

Thats a bit more like it...;)K

[blakieboy7] 05/10/2017 13:54

19p fast approaching!

[safiande] 05/10/2017 13:53

Bskiny,

They could have chosen many rigs but it seems as though it was obvious that they would choose Paul Graham ( PG ) as they have used PG rigs in the past & have been impressed with their performance. SGC has many producing wells in the vicinity. GJ also spoke about the PG Rig No 9 & the crew / operations in glowing terms yesterday.
PG have only 2 work over rigs namely 3 & 8. They could have chosen either rig as they seem to be similar. Perhaps No 3 is the first available work over rig from PG? Seems to be worth waiting for! Description below.

Reading the release yesterday the main risk appears to be mechanical, which is quite normal & why they are treating this final stage with kid gloves. Pre drill they stated that the main risk was reservoir depletion. Technical risk is always present.

[blakieboy7] 05/10/2017 13:41

Another small tick up

[stewart4600] 05/10/2017 13:31

coopgare agreed to me posting this from the other board, I found it very helpful in my understanding of the well.

Perspective - Gas Pressures

Today 09:05

Ok guys, just a little perspective here.

Maximum hydrostatic applied by the mud during the drilling of the well was approx. 7400psi (Gary Jeffreys stated 16ppg in an interview he gave).

Therefore, the maximum pore pressure (i.e. reservoir pressure) can only be 7400psi. Since they didn't have any reported well control incidents then I have to assume pore pressure is less - therefore we'll say 7300psi as we were getting high gas shows.

This is classed as overpressured formation which is a very good to have - from a production perspective (i.e, at 9000ft TVD we'd expect a little over 4000psi for a normally pressured well).

Since we have over 7000psi then this is also good from a volumes perspective - gas is highly compressible so therefore can pack a lot more gas in there than say if the reservoir was at 4000psi.

The maximum shut in tubing head pressure will be dependant on gas composition and the amount of condensate we produce. Since this is exploration and we don't have a PVT sample we won't know what the Condensate to Gas ratio is yet but we'll find out during the well test.

Although gas is denser at higher pressures and therefore applies more hydrostatic, for a dry gas well at those reservoir pressures we'll still see a SITHP in excess of 6000psi. This is why SGC have to go for 10ksi rated equipment.
Hope that helps.

[harrissen] 05/10/2017 12:01

bskiny1
5 Oct '17 - 08:31 - 10241 of 10251 0 0

Saf....if you are about. You talked about them using the Rig 8....they seem to have said they are using Rig 3...is there any significant in this choice. thanks


..............

Paul Graham has 9 rigs. 7 drilling rigs and two work over rigs. The work over rigs are Rig 3 and Rig 8. Both do the same job so I guess Rig 8 is already under contract so that left Rig 3 to go to Dempsey and replace the Drilling rig.