Empyrean Energy Share Discussion Threads

[blueblood] 16/11/2017 08:57

Technically yes in reality probably not!

[cmackay] 16/11/2017 08:56

My ROV was less than the threshold for CGT, do I still need to declare it on my return? I made no other cap gains outside of an ISA.

[hang ten] 16/11/2017 08:32

It's a capital gain.

[dafrog] 16/11/2017 08:26

Thanks very much. Will have to read that again later in the day!

[wcj] 16/11/2017 08:23

dafrog

I asked my accountant on Monday. He said that it is a share split into the common and the B shares. Your base cost of the original shares is divided up between the two classes in proportion to their value. I took this as being the closing value of the shares on the day after the split, i,e, 1.75p for the common and 7.9p for the B shares. So divide your original base cost in the ratio 1.75 to 7.9.

(I am not an accountant, so obviously this is not advice!)

[starzerus] 16/11/2017 08:23

I have deleted personal stuff but hope it stillmKes sense.



With the return of the 7.9p per share it is not purely the excess over the original average purchase price,

 

HMRC will value the remaining shares at the value of the company at the end of the day the B shares were redeemed which I think was 1.89p. The value sold was 7.9p therefore 7.9/9.79 (1.89+7.9) is the proportion sold approx.

 

The 1.89p is then the base cost to carry forward for your remaining EME shares.

[dafrog] 16/11/2017 08:20

Thanks. Most of mine are in ISA but just a few were not. They all are now.

[starzerus] 16/11/2017 08:16

Dafrog cap gains. My wife has done hers and I think has a mail from my accountant explaining how to do it. I have azked her to fibd it for you

[blueblood] 16/11/2017 08:10

I'm sure it was capital gain but as all m8ne are in ISAs/SIPP don't need to worry the taxman :-)

[dafrog] 16/11/2017 07:59

Good morning, tax return time. Was it determined whether our 7.9p return was to be treated as a divi or as a capital gain please? Assume it would the CGT. Thanks.

[dont jump] 15/11/2017 23:23

Mention of Dempsey:

PCL announcement about their Tulaiyno play. In comment " We are already underway with a flow testing program at the Dempsey-1 Gas discovery for which we have high expectations."

[cmackay] 15/11/2017 23:13

No news before ASX open, at least. Bedtime!

[seagreen] 15/11/2017 21:54

There is a vague whiff of news tonight and UK RNS tomorrow although whether it is true and whether or not the news when delivered is good or bad I know not....fingers crossed

[honestmarty] 15/11/2017 21:46

or even Sunday night?

[niceyman1] 15/11/2017 21:33

News tonight possibly or tomorrow night?

[nickb] 15/11/2017 19:14

Just need to let them get on with it.

[starzerus] 15/11/2017 19:06

Harrisen we know what we are waiting for us long termers and are very excited about the next zones.

[harrissen] 15/11/2017 18:20

I think toon's confidence in the next two perforations should be taken serious.

He is a major shareholder and is probably privy to snippets of info that is out of bounds to us lesser mortals.

[honestmarty] 15/11/2017 17:17

So current market share price value for Dempsey is just over 4p?

Madness

The last RNS removed all the risks of drilling and preparing for testing.

The sell off was well overdone.

I just hope the next test is more upbeat.

[cmackay] 15/11/2017 17:12

It isn't a duster. However, if it were, I would say about 14p book value awaiting value from China and Indonesia.

[nickb] 15/11/2017 17:02

A duster with gas flaring 🤔

[honestmarty] 15/11/2017 16:51

cmackay

what value to you think EME has if Dempsy is a duster?

[honestmarty] 15/11/2017 16:51

cmackay

what value to you think EME has if Dempsy is a duster?

[honestmarty] 15/11/2017 16:51

cmackay

what value to you think EME has if Dempsy is a duster?

[cmackay] 15/11/2017 16:41

I think Harrissen is just pointing out that there is no need to be despondent if it isn't the gargantuan we hope it is; it all helps the cause. I bought in just over a year ago and have been topping up since China news, that's what really caught my imagination. Not going to sell if Sacramento doesn't come in, but will certainly exploit any further drops it brings.