Empyrean Energy Share Discussion Threads

[deanroberthunt] 18/10/2017 07:44

ludicrous that this is capped half of AEX, when that is in Africa with no sign of being anywhere near production..beggars belief

[deanroberthunt] 18/10/2017 07:21

Good on ya Blueblood, stick it to me Homes....

[boom boom bang bang] 18/10/2017 07:08

Independent Oil & Gas PLC LOI signed with Key Contractor ODE

18/10/2017 7:00am
UK Regulatory (RNS & others)

Independent O&G (LSE:IOG)
Intraday Stock Chart
Today : Wednesday 18 October 2017

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TIDMIOG

RNS Number : 8810T

Independent Oil & Gas PLC

18 October 2017

18 October 2017

Independent Oil and Gas plc

LOI signed with Key Contractor ODE

Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce that it has signed a Letter of Intent ("LOI") with Offshore Design Engineering Limited ("ODE") to perform several key contractor roles for its Blythe Hub and Vulcan Satellites Hub development ("the Project"), starting with technical and operational support ahead of Final Investment Decision ("FID").

Highlights:

-- ODE to provide extensive technical and operational support to IOG in both pre- and post-FID stages to deliver the Project into production

-- ODE to be the Operations & Maintenance service provider
-- Pre-FID costs to be fully deferred and pre-First Gas costs to be 50% deferred until first gas, thereby reducing IOG's funding requirements

-- LOI further strengthens IOG commercial model with ODE as a key contractor incentivised to deliver first-rate performance

ODE will be responsible for the operational management of all IOG's assets and for the Thames Pipeline and network of in-field pipelines, with IOG continuing to be 100% Licence Owner and Operator for all assets in the Project. It is also intended that ODE will be the Operations and Maintenance contractor upon first gas, hosting IOG's onshore operational base at its facilities in Great Yarmouth, close to the Bacton terminal. The pre-FID technical and operational support work is due to start immediately while contract terms are being finalised.

Mark Routh, CEO and Interim Chairman of IOG commented:

"We are very pleased to be working with ODE who will be a trusted partner in IOG's Blythe Hub and Vulcans Satellites Hub development. ODE has a wealth of relevant experience and manages several fields for other Operators in the Southern Gas Basin of the UK North Sea, so we will benefit from synergies with their existing operations. In line with our commercial model, the cost deferrals also tangibly improve IOG's funding position both before and after FID.

This LOI reflects the team's continued strong progress with the IOG gas portfolio. We look forward to finalising the contract with ODE and agreeing similar terms with other key contractors to continue delivering our gas hub strategy."

ENDS-

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:

Independent Oil & Gas PLC CPR Confirms Significant Reserves Upgrade

12/10/2017 7:00am
UK Regulatory (RNS & others)

Independent O&G (LSE:IOG)
Historical Stock Chart
1 Month : From Sep 2017 to Oct 2017

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TIDMIOG

RNS Number : 3782T

Independent Oil & Gas PLC

12 October 2017

12 October 2017

Independent Oil and Gas plc

CPR Confirms Significant Reserves Upgrade

Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce the results of a Competent Person's Report ("CPR") on the Vulcan Satellites, Blythe and Elgood assets by ERC Equipoise Limited ("ERCE") as at 1 October 2017.

Highlights:

-- CPR confirms 2P gas Reserves of 303 BCF (54 MMBoe), previously 34 BCF, in IOG's UK Southern North Sea ("SNS") gas portfolio

-- 2P Reserves classification applied to all of IOG's development assets: the Vulcan Satellites, Blythe and Elgood

o Vulcan Satellites 2P Reserves of 248 BCF

o Blythe 2P Reserves of 33 BCF, in line with 2013 CPR

o Elgood 2P Reserves of 22 BCF

-- CPR estimates a 2P peak production rate in excess of 200 MMcfd (c. 35,000 Boe/d)
-- Significant prospective resources in Harvey to be published in a forthcoming separate CPR
CPR Process:

During 2017, IOG built its own proprietary static geological model based on interpretation of the reprocessed 3D seismic available from multiple surveys across the whole SNS portfolio. This resulted in a robust and consistent estimation of the gas in place volumes in all the Company's SNS gas assets. This was followed by dynamic reservoir modelling and optimal well design and placement, including hydraulic stimulation modelling for the Vulcan Satellite fields. This in turn enabled the development of production forecasts for each field. ERCE reviewed IOG's proprietary subsurface work, production forecasts, costs and economic assumptions. ERCE then made its own independent assessment of the recoverable Reserves from the portfolio, the project development and operating costs and the resultant economics as summarised below.

The CPR presents the economic Reserves and valuation of IOG's five development fields as at 1 October 2017 using data and information available up to 30 September 2017 and applying the PRMS standard. The table below shows the CPR estimates of Reserves and Net Present Values, both undiscounted and discounted at 10% ("NPV(10) ") for IOG's 100% interests in the fields.






NEWS DUE IN THE NEXT FEW DAYS, LAST UPGRADE SHARES WENT UP 100% LAST WEEK


n addition, we shortly expect to receive a further CPR on the Harvey structure which provides very material upside to our portfolio."

[blueblood] 18/10/2017 06:51

And you should know....

[showme01] 18/10/2017 05:11

Cmon guys. Let's stick to EME.

[cmackay] 18/10/2017 00:49

It's gone now

[cmackay] 18/10/2017 00:45

The wood was low quality and free, but essentially unnecessary after I used 4 stacks of 2 car wheels to lay her on. The weed was dam equivalent to EUR 20/g and substantial discount was offered for GBP.

[thegreatgeraldo] 18/10/2017 00:22

Did you buy high quality wood or high quality weed? ;-#))

[cmackay] 18/10/2017 00:08

I got my boat out of the water yesterday. The hiab had to put its ramp down just to get the centre of gravity to lift it, being a 10ton at about 3.5m from pivot, I was surprised. Then I had beers and watched George Michael on the TV. I decided to buy very high quality wwwd and today I cleaned off my boat because I quit my job, so I could. I was high. I propose Harrissen and Toon come alone and unarmed to Birmingham for dinner at my hospitality, talk big man chat on my boat and have a meeting of minds. Sorry for the o/t, but it seems like any old fluff can be posted on here lately. At least we held out for longer than social media.

[niceyman1] 17/10/2017 22:43

Got to be some news this week?

[whoneedslottery2] 17/10/2017 22:29

More importantly, where is our Rig at?

[saw89] 17/10/2017 21:28

Hahahahah oh dear this fricking hilarious !!

[blueblood] 17/10/2017 21:23

He was looking for Toon Army on share register....

[stuart little] 17/10/2017 20:59

I'll ask my 4 year old....his guess is that toonarmy is not his real name! Do you think he uses his advfn name in real life?! Top drawer stupidity!! Funny though.

Stuart

[blocker2] 17/10/2017 20:54

HarrissenAre you serious or just posting to yourself?I presume you are aware of who is who?

[harrissen] 17/10/2017 20:35

If toon has 15m shares as he claims why is he not listed as a major share holder?

R.Appleby is listed and he only owns 3.64% - 14,536,000 Shares.


Date last updated 4 August 2017
Business Empyrean Energy plc was established to finance the exploration, development and production of energy resource projects with a predominant focus on projects in geopolitically stable environments
Country of Incorporation England and Wales
Main Country of Operations Corporate – England
Operations – USA
Securities Information •398,995,110 ordinary shares of 0.2p each
•30,000,000 unlisted options on issue
•Nil shares held in treasury

There are no restrictions on the transfer of the ordinary shares.

The percentage of AIM securities that is not in public hands (as defined in AIM rules): 24.68%

Significant Shareholders •14.01% Thomas Kelly 55,881,563 Shares
•9.10% Keyhole Pty Ltd 36,300,000 Shares
•7.83% Topaz Energy Pty Ltd 31,250,000 Shares
•3.64% Richard Appleby 14,536,000 Shares

[harrissen] 17/10/2017 20:14

Terry Hardacre
17 Oct '17 - 19:06 - 10842 of 10842 2 0

Jem jem - interesting I didn't know that. But I think the fact remains that the 24p was a late reported trade; notwithstanding a good day all in all


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

Which means you know sod all. That is why nomarks like toon and his army attract you!

[terry hardacre] 17/10/2017 19:06

Jem jem - interesting I didn't know that. But I think the fact remains that the 24p was a late reported trade; notwithstanding a good day all in all