Empyrean Energy Share Discussion Threads

[tonudiki] 07/10/2017 11:28

Well, we are now 1 week nearer to the upcoming MASSIVE "moment of truth" re Dempsey i.e. Will it provide commercial flow or wont it?

If it does, then there will fairly quickly be lots of new millionaires created, particularly as a commercial flow could then be more likely extrapolated to the other 3 Dempsey area wells and to Alvares.

If it doesn't, then there will be some big hits on current "paper" wealth for the actual shareholders and on actual wealth for the T20 and spread-better brigades.

Everything else so far points to Dempsey being a monster, but unfortunately there are still no guarantees of commercial flow.

However, assuming excellent early commercial flow from a very deep section of the well, I am then wondering what capex and time period will be immediately required to get the gas to market in decent quantities. I know there is the existing meter station within a stones throw, but this is only reported/rated at 20 mmcfgpd. Even if Dempsey takes all of this capacity it would take about 137 years with no downtime (lol) to process 1 tcf of gas? Or am I missing something?

[petercrosby] 07/10/2017 10:10

I like palindromic EME share prices.

[cmackay] 07/10/2017 09:09

Of possible interest regarding Mako

[cmackay] 07/10/2017 09:05

Thank you. Unfortunately I didn't wait until today, being a palindromic date. However it displays as Oct rather than 10 so it's not a complete disaster.

[daydawning] 07/10/2017 00:13

Nice observation cmackay.!!

[cmackay] 06/10/2017 21:32

10301! I like palindromic numbers.

[hang ten] 06/10/2017 21:25

Michaelhfrancis your estimate is on Topaz Jade and Pearl only I presume - is there an estimation on the number of other potential prospects within this licence ? Many thanks HT

[currypasty] 06/10/2017 17:31

toon, you are top of the 2017 tips with a massive 564% gain

[starzerus] 06/10/2017 16:35

dont know toon but i wouldnt pay that git any cash to find out.

[stewart4600] 06/10/2017 16:09

Been out most of the day, I see someone bought 5% of Sagasco stock for £780K Based in Guernsey, they are confident then, roll on Dempsey

[michmcd] 06/10/2017 16:02

China have a 51% option to take back when proven, which of course they will, so 49% to us, minus whatever is farmed out along the way .... still big big money to be made

[bishopawn] 06/10/2017 15:54

We have 100% at this stage?

[michaelhfrancis] 06/10/2017 15:50

BISHOP. THEM TYPE OF RESERVES IF PROVEN WITH THE DRILL BIT 6 POUND PLUS A SHARE COULD BE WELL ON THE CARDS DYOR

[michaelhfrancis] 06/10/2017 15:50

BISHOP. THEM TYPE OF RESERVES IF PROVEN WITH THE DRILL BIT 6 POUND PLUS A SHARE COULD BE WELL ON THE CARDS DYOR

[safiande] 06/10/2017 15:43

Interview with Gaz Bisht. Final assessment at Christmas. Between now & then technical work needed to understand the oil migration pathway.

[bishopawn] 06/10/2017 15:27

Offshore China Block 29/11 Initial Seismic Data Results Exceed Expectations

-- Preliminary mapping of 'raw seismic 3D data' confirms structural validity of Jade and Topaz prospects and identifies a third significant target named Pearl

-- Jade preliminary mean unrisked resource potential 103 million barrels ('mmbbls') oil
-- Topaz preliminary mean unrisked resource potential 365 mmbbls oil
-- Pearl preliminary mean unrisked resource potential 123 mmbbls oil
-- Full data processing and oil migration studies are on-going

[crosseyed] 06/10/2017 15:24

...and summarised in the header...

[pb01] 06/10/2017 14:08

Bishopawn - look at the RNS dated 7th September. Initial resource estimates have already been issued

[bishopawn] 06/10/2017 13:56

23rd August 2017 RNS exerts:-

Empyrean Energy (EME: AIM), is pleased to announce the 3D seismic data in Block 29/11 (Empyrean 100% Working Interest during Exploration Phase) has been successfully acquired. The survey commenced on 6 June 2017.

The survey acquired 580 km2 of new 3D seismic data over the permit, including key prospects - Jade and Topaz. Additional to the 3D data acquired within Block 29/11, a further 28 km2 of 3D were acquired as part of the overall survey along the western boundary of the Block and extending over the LH 23-1d oil discovery, west of Empyrean's permit. The additional data is expected to allow Empyrean to evaluate the extent of a potential geological tie between the LH 23-1d oil discovery and Jade and Topaz.

Empyrean CEO Tom Kelly commented, "We are pleased to report that the 3D Marine Seismic Survey acquisition has been completed on schedule with excellent quality 3D data acquired. The operations proceeded without any safety or HSE incidents. China Offshore Service Limited (COSL) provided a highly professional service during the operations and we are pleased with their cooperation and the quality of data produced from the survey.

"In conjunction with COSL, we have already commenced processing the raw data.

Whilst the full processing and interpretation will take some months to complete fully, we will be able to fast track some of the initial processing of raw data over our key prospects, Jade and Topaz.

This is expected to give potential resource size estimations for Jade and Topaz within weeks."

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

By now,they should have a good idea about the POTENTIAL RESOURCE SIZE OF JADE AND TOPAZ, as it is now over six weeks since the announcement, and they indicated it would only take them "weeks", with the full processing and interpretation taking months.
So could we be due an update on Jade and Topaz next week?

[buffythebuffoon] 06/10/2017 12:16

Curry,

He’s planning on rising soon.

Buffy

[s0n1cb00mb0y] 06/10/2017 12:12

Good to see all the old names still here. share price looking good...consolidation is working well before the next leg up.