Empyrean Energy Share Discussion Threads

[jscapper] 15/10/2017 14:21

I see Good Oil is still posting his sad comments here. Of course I have him filtered.

[harrissen] 15/10/2017 14:13

I'm getting ahead of myself here, we have had the update already!

All good, full steam ahead



China: Empyrean's offshore China Block 29/11 initial seismic data results exceed expectations


07 Sep 2017

•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

Empyrean Energy has announced that it has finalised the preliminary internal interpretation of the 'fast-tracked' processing of raw seismic data from the recently acquired 3D seismic on Block 29/11, offshore China. This preliminary interpretation has confirmed the structural validity and the potential size of the Jade and Topaz prospects and has revealed an exciting new prospect named Pearl which is located to the north of Topaz.

A summary of the interpretation of gross unrisked mean prospective resources for Jade, Topaz and Pearl is provided in the table below:

[harrissen] 15/10/2017 14:03

Extract:

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

That was in the 23rd August update nearly 7 weeks ago - so that news is eminent and could any day this week!

bishopawn - 06 Oct 2017 - 13:56:42 - 10284 of 10616 EME - Post Sale of Sugarloaf Asset - EME
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."

[bishopawn] 15/10/2017 13:43

News this week I reckon.

[harrissen] 15/10/2017 12:24

MALCOLMMM
15 Oct '17 - 10:42 - 10613 of 10613 4 0

Old but good news,
..........................................


And this is the bit that puts it all in a nutshell!

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

The significance of that event cannot be over emphasized!

We will be heading towards the end of October from next week and COULD be pumping gas in to the paying system by the 1st of November!

The BOD are confident the first perforations will provide enough gas for a successful flow test and I'm not going to argue with that!!

[malcolmmm] 15/10/2017 10:42

Old but good news,

Empyrean Energy (LON:EME) 18.38p £73.32m

“The oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce that it has been informed by Sacgasco Limited (ASX: SGC) ("Sacgasco"), the operator of the Dempsey 1-15 well in the Sacramento Basin, onshore California, that Paul Graham Drilling Rig 9 and associated equipment continues to be moved off the Dempsey 1-15 well location to make way for a more appropriately sized and cost effective completions rig to carry out extensive testing. Paul Graham Rig 3 has been selected for the planned completion and testing program.”

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.

[starzerus] 14/10/2017 13:46

That's the Buzz lol

[scaleyman] 14/10/2017 11:54

To infinity ----- and beyond!!!! :0)

[tidy 2] 14/10/2017 11:03

Next targets 21.5, 23, 25, 28, 30+++

[harrissen] 14/10/2017 07:11

thegreatgeraldo
13 Oct '17 - 19:43 - 10607 of 10608 5 0

Bet any traders are gutted that the price ticked up over 10% today.


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

Those traders who sold at 19.75p and below with the intention of buying back cheaper are well gutted. They will have to pay 21p and more to get back in on Monday.

About time they got their comeuppance.

You got trapped yourself?

[cmackay] 13/10/2017 20:21

I'm just glad to see my EME back over 800% again. Have a great weekend everyone, I'm going to try 2 new ales.

[thegreatgeraldo] 13/10/2017 19:43

Bet any traders are gutted that the price ticked up over 10% today.

[harrissen] 13/10/2017 16:51

thetoonarmy2
13 Oct '17 - 16:04 - 10592 of 10601 7 0


Now going back to your assertion that "I'm sailing close to the wind" because you believe I get sensitive information and trade on that and let my Pals know. Now again I ask you what you mean by this explain as I don't intend dropping this till you do so. I have never traded on any inside info and don't intend starting to do so now.
..........................

Get over yourself toon, 'sailing close to the wind' accuses you of nothing.
You should read up on insider trading and compare it with some of the stuff you posted. It could be very easy to conclude that you had the ear of some high rollers at EME but that is just my opinion.

[chicken charlie] 13/10/2017 16:42

I;m goingv to the Southampton Newcastle match on sunday and they are hospitality so may see some of you there

[stewart4700] 13/10/2017 16:32

ToonAre they hospitality ones mate

[starzerus] 13/10/2017 16:31

Nice weekend all. Looking forwards to next week. Month year. :-)

[bskiny1] 13/10/2017 16:25

MMs just made big increase in spread to stop buyers...

[bskiny1] 13/10/2017 16:23

Could get news on the work over well...

[stewart4700] 13/10/2017 16:23

Toon.I wondered if you had any contacts for hospitality seats at old trafford for the Brighton game 25th Nov. Or indeed does anyone here have any contacts TIA

[sportbilly1976] 13/10/2017 16:22

a few trying to get in before the weekend close....