Empyrean Energy Share Discussion Threads

[blueblood] 25/10/2017 12:25

Over valued think I will take the CEOs valuation of 57pps per TCF for California plus Indonesia & China in for free!

[blueblood] 25/10/2017 12:19

How's the stick drill going on?

[brimsley] 25/10/2017 12:17

The report is on SGC but we can easily value EME comparatively = over valued
Analysts frequently amend their numbers as new info comes to hand
todays report is in line with industry chatter

[tidy 2] 25/10/2017 12:11

Investment DriversRisked Valuation: Strachan Corporate assesses a diluted risked valuation for the company's net cash plus Indonesian gas discovery of £49 million or £0.10 per share. Adding risked value for the company's Californian acreage and Chinese exploration portfolio lifts the risked target value to £120 million or £0.25 per share. The company's exposure to California has an un-risked value potential to over £1 per share on success. https://www.stockanalysis.com.au/includes/SR-EME-15Aug2017.pdf

[currypasty] 25/10/2017 12:11

this doesn't add up either..

brimsley - 06 Sep 2017 - 07:53:51 - 6397 of 11309 EME - Post Sale of Sugarloaf Asset - EME
Drillbit stuck again I hear. No luck for these dudes it seems

[stewart4700] 25/10/2017 12:07

brimsly,

That does not add up I have just looked at the 20 Sept 17 issue from Strachen and he values eme at 14p per share then just for Dempsey that's for an 85% cos and for 300bcf

The on trend Dempsey and Alvaras are not included.

IMHO DYOR

[tidy 2] 25/10/2017 11:53

Quick look flying pigs

[brimsley] 25/10/2017 11:49

Buy the report then if you don't believe me
the 41c includes 17c for Alvares and 16c for dempsey trend
I told you 6 weeks ago adding gas to the domestic supply network is a 100day process
Placings ahoy but dont believe me pin your ears back and buy EME must be cheap hah?

[stewart4700] 25/10/2017 11:43

blueblood,

Does Brimsley's post not refer to the October 2017 report on stock analysis, is the 41C the valuation of eme or 23.8p per share based on an 85% COS and assuming only 300bcf, if so that looks very good.

Or is his post just gibberish.

safi are you about mate to comment.

[whoneedslottery2] 25/10/2017 11:41

I think three things give it away:

Strachan spelt wrong.

Mention of placing

Reckons he's sober! LOL

Read one of his previous posts saying the drill bit got stuck - DYOR.

[kevjames] 25/10/2017 11:28

Strachan's comments below from a few weeks back, can't see how it would change:

Allowing an 85% chance that Dempsey holds at least 300 Bcf of gas produces a value target of 0.5 cps to PCL, 2.6 cps to Xstate, 14 pence per share to Empyrean and 49 cents per share for Sacgasco- link below.




The crucial data is will it flow and how much is there!! The initial analysis was 1TCF, so Strachan assumes less than a third of that in his calculation. Also, if it flows it will open up the rest of the area of mutual interest as a going concern.

[blueblood] 25/10/2017 11:17

Look out Brimsley the deramper has just turned up! Who would have thought it with news so close...

[tidy 2] 25/10/2017 11:14

In production by Nov 1st !!!

[brimsley] 25/10/2017 11:09

Stachen SGC 10/25
Quite sober reading really
41c best case valuation
Testing next week earliest
First flow to grid Q1 2018
$5m placing coming

[harrissen] 25/10/2017 11:04

Thanks for the replies,

So it seems gas is only flared when there is no metered pipe system nearby to pump it in to. We don't have that problem so it is cash in the bank from the minute she flows.

Nice!


This time next month we'll all be millionaires Rodders!

[bobby1904] 25/10/2017 10:56

Blueblood. I totally agree!!! Madness!! This could be a very exciting coming week!!!

[stewart4700] 25/10/2017 10:38

Currypasty,

Ref Peter Stachen

Someone on Hot copper said it was out today, be interesting to see what value he has on us now.

[niceyman1] 25/10/2017 10:31

This will recover and go blue! Just shake a few out!

[blueblood] 25/10/2017 10:27

Why anyone would sell now is beyond me. Why not yesterday if they were looking to exit? Very low volume though so hopefully reverse of yesterday and run up this pm!

[rutter] 25/10/2017 10:25

harrissen. Interesting point.

[currypasty] 25/10/2017 10:18

peter strachen....at $450 to subscribe, ill wait till someone else posts it!