Empyrean Energy Share Discussion Threads

[buffythebuffoon] 02/11/2017 11:16

That brings back memories tarz.

Me, Elkie Brooks, a good bottle of single malt and a good cigar wouldn’t have been the worst evening I could think of in the late seventies.

What a pair of lungs (and yes, I’m referring to her voice)

Buffy

[starzerus] 02/11/2017 10:32

NEW / OLD comparison ALL WITH NOTHING FLOWING FROM DEMPSEY.

Duyung
43.1
0.095
Cash (est Dec
‘17)
1.0
0.002
Options + New equity
5.9
0.013
Admin
(1.6)
(0.004)
Base value
48.5
0.107
Risked Dempsey
38
0.084
Risked California
43
0.095
Jade Block 29/11
81
0.178
Total Risked value
£210
£0.465
-----------------------------------
OLD
Duyung
44.0
0.091
Cash (est Dec
‘17)
1.0
0.002
Options + New equity
5.9
0.012
Admin
(1.6)
(0.003)
Base value
49.4
0.102
Risked Dempsey
7.5
0.016
Risked California
38.9
0.081
Block 29/11
24.2
0.050
Total Risked value
£120
£0.248

[abergele] 02/11/2017 10:05

Ho Hoo,,that's a cracker,It's the way you tell em Tarz.

[starzerus] 02/11/2017 10:01

Pearl was just a singer back then - now she is a prospect lol!!

[buffythebuffoon] 02/11/2017 09:59

Thanks tarz,

I have a copy and read it earlier.

Sorry, I guess I was nitpicking. We certainly have more specific info which which to attract a farm in partner. I just meant that we knew we were going to farm out something, but as mentioned, we now assume it’s on Jade, so that will be the first drill for sure.

If we farm out 20% we’ll be left with 30%. It would be nice to hear it from the company though.

Buffy

[starzerus] 02/11/2017 09:53

Buffy just filling in bits of the puzzle.

not really the same China results were not known then?-

have a look

hxxps://www.stockanalysis.com.au/includes/SR-EME-15Aug2017.pdf

[buffythebuffoon] 02/11/2017 09:47

tarz,

Strachan said pretty much the same in his August report. Although he specified Jade this time, which I guess makes it new...

Buffy

[brimsley] 02/11/2017 09:46

Mex standoff dont think so MMs have mega pink slips so will always try a faux rally careful Perth bigguns already sold to unsuspecting blighties

[deanroberthunt] 02/11/2017 09:45

anything, it's a bit dull atm

[deanroberthunt] 02/11/2017 09:34

I told em at VAL aswell, did they listen...

[deanroberthunt] 02/11/2017 09:32

harrisen.

you can't be a genius without side effects.

[brimsley] 02/11/2017 09:17

Perth based SGC PCL XST EME rest my case small town it is
Placing no one can place now knowing what they do but please stop crying and start buying

[jemjem] 02/11/2017 09:15

Lol.Your typing is faster than mine :-))
Glad I was still paying attention. It's an interesting statement...

[currypasty] 02/11/2017 09:14

must be some progress on China then

[jemjem] 02/11/2017 09:13

Thanks tarz


"EME will commence a farm-out process over
its Jade Block 29/11 permit south of Hong
Kong, with the aim of testing one or two of
the oil prospects so far outlined.
StockAnalysis assesses a total risked value of
£81 million for the Jade block, if EME can
retain ~20% working interest after farming
down to fund drilling, assuming that the Chinese
state will take 50% of any development."

Maybe I missed it, but I don't recall a definitive statement by EME confirming they WILL do that? I thought all possibilities were on the table including trying to go it alone.
Will be pleased if they do farm out to 25% though.

Imo

[stewart4700] 02/11/2017 09:13

Yes just read it so 46p risked but would be further enhanced with Dempsey being commercial, and its dated 1 November 2017.

Why would anyone sell at 21p ish, each to their own

IMHO, DYOR.

[starzerus] 02/11/2017 09:09

this is new news

EME will commence a farm
-
out process over
its Jade Block 29/11 permit south of Hong
Kong, with the aim of testing one or two of
the oil prospects so far outlined.
StockAnalysis assesses a total risked value of
£81 million for the Jade block, if EME can
retain ~20% working interest after farming
down to fund drilling, assuming that the Chinese
state will take 50% of any developmen

[deanroberthunt] 02/11/2017 09:08

there will always be risk to the downside, it's nature.....

[starzerus] 02/11/2017 09:02

HERE it is


hxxps://www.stockanalysis.com.au/includes/SA-SpEd-EME021117.pdf

[buffythebuffoon] 02/11/2017 09:01

My advice is for everyone to filter him, then the temptation to point out the bleeding obvious is removed.

Buffy