Empyrean Energy Share Discussion Threads

[ayesha4] 31/10/2017 23:34

Short term share matters not a jot. This all sounds like there is masses of gas down there. I would rather have high pressures than not. Looking good for an eventual fantastic result.

[craigc25] 31/10/2017 23:22

Swampy, care to elaborate?

[tidy 2] 31/10/2017 23:20

Which will continuously refill it is hoped.

[tidy 2] 31/10/2017 23:19

High pressures from depth, compression and heat. It's down to how efficiently the rock releases the absorbed gas also replenishing released gases. Being naturally fractured helps also as pockets of gas will likely exist.

[harrissen] 31/10/2017 23:10

Dempsey Gas Well Testing Update Sacgasco Limited (ASX: SGC) advises that preparations for completing and flow-testing the Dempsey 1-15 well are continuing as planned.

As usual with completion operations in the area the activities at Dempsey are being conducted on a single shift, Monday-to-Friday work week basis.

To date surface wellhead and high-pressure Blow Out Preventer (BOP) equipment have been stringently tested. Initial equipment tests resulted in the need to replace some of the large safety-critical equipment. Downhole casing and liner-overlap integrity testing has also been completed.

Prior to perforating the lowermost zones in the well for natural gas flow evaluation, the lower well bore needs to be cleaned out; cement bond log run and evaluated for well bore protection integrity; and then the assembly and running of completion equipment and tubing conveyed perforating tools is required.

Working Interests (WI) in the Dempsey Gas Project: Sacgasco Limited (ASX: SGC) (Operator) 50% Empyrean Energy PLC (LON: EME) 30%
Pancontinental Oil and Gas NL (ASX: PCL) 10%
Xstate Resources Limited (ASX: XST)

Gary Jeffery, Managing Director of Sacgasco commented: “The rig and crew continue to work safely and efficiently. As previously advised, the Dempsey 1-15 well intersected a number of porous potential reservoir zones which delivered significant gas shows while drilling.

We have sourced and are assembling and testing the high-pressure-rated equipment to be used for the upcoming testing operations.

The Dempsey 1-15 completion and flow-testing program involves equipment not normally seen, nor used in Northern California and is being meticulously assembled and tested to ensure a safe outcome.

This program will follow good oilfield practise by beginning testing from the bottom of the well. Additional information will be provided as testing is carried out”.

[honestmarty] 31/10/2017 23:07

Does anyone know, is high pressure purely a feature of depth?
To me it suggests that at least the initial flows are likely to be high?

Very exciting

Brave to sell and hope for a lower re-entry point. We could easily see daily updates from this point on.

[tidy 2] 31/10/2017 23:06

8k psi downhole pressures that's about 551 bar. Higher than A1 for casp announced last week.

[cmackay] 31/10/2017 22:52

Great news!

[tidy 2] 31/10/2017 22:52

Yes there is new and interesting information contained there. Confirmation points if anything and hints of this is bigger than what California has ever had. Sounds rather big

[honestmarty] 31/10/2017 22:42

Agree, little new, but
Clearly we will get a series of progressive RNS releases.
Assuming they remain positive, the share price will be very well supported through any rises. Going to be very hard to trade now, better to buy and hold.
The specific reference to very specialist equipment to cope with exceptional high pressures of gas. This is outstanding news.
It leads to a few questions however
I’m assuming high pressures must mean high initial flows? With long term performance determined by reservoir characteristics?
And if not normally need in Northern California, then where is such equipment typically used, and what sort of flows are achieved?

Bloody exciting!

[judijudi] 31/10/2017 22:35

Nothing new in it from what I can see
Still prepping
A good few days from testing I would say

[niceyman1] 31/10/2017 22:35

Eme should release that update tomorrow! Looks like few more days to wait for testing to begin? Early next week so may see a slight dip tomorrow but a good buying opp!

[harrissen] 31/10/2017 22:27

Judijudi
31 Oct '17 - 22:08 - 11651 of 11651 0 0

Nothing new in that rns

good RNS tidy

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



There is in this one posted by tidy 2 out 1st Nov.

Cheers tidy


Looks like we will get a blow by blow account from here on.
A sure sign that the BOD have nothing to hide and believe they are on to something special here.

[judijudi] 31/10/2017 22:08

Nothing new in that rns

[tidy 2] 31/10/2017 21:51

RNS SGC http://www.asx.com.au/asxpdf/20171101/pdf/43nvpgrxs6z609.pdf

[niceyman1] 31/10/2017 21:50

Will we see an update later this evening?

[starzerus] 31/10/2017 21:38

Bobby I am up to my ears already.

[bobby1904] 31/10/2017 20:52

Don't think it matters whether it's 21p or 21.5p, etc. This is going to 30p+, so just fill your boots before you miss the boat altogether..!!!

[tidy 2] 31/10/2017 20:26

Couldn't manage 21 when the ask was 21. Mms teasing or had orders on the book.

[bobby1904] 31/10/2017 20:18

Quality work Blakie!

[tidy 2] 31/10/2017 19:21

What price are you after? I picked up £15k today.

[starzerus] 31/10/2017 18:20

didnt get mine filled - maybe tomorrow if no news i will be waiting.

[tidy 2] 31/10/2017 17:20

What date are on these 250k trades just reported late

[blakieboy7] 31/10/2017 16:26

TG!! That just came to me!! Passes a bit of time while we wait