Empyrean Energy Share Discussion Threads

[jacksspitfire] 07/12/2017 10:50

Looks to me like a good clear out of the lightweights while the heavies grab bigger holdings

[gerd212] 07/12/2017 10:49

Strachan 5 weeks ago

"A total risked value of ~46 pence per share is estimated for EME, but this value would be further
enhanced by confirmation of a commercial gas flow at the Dempsey-1-15 well."

[peterben] 07/12/2017 10:45

This is getting painful.

[highasakite] 07/12/2017 10:37

Fair value 5p here.

[oilforex] 07/12/2017 10:35

What to say?

What a mess.

Reality check for many on here.

Lidl mini turkey bake for Christmas...

[fairenough11] 07/12/2017 10:34

Drop way way overdone.Took a few more,

Cheers.

[brimsley] 07/12/2017 10:24

Track record of SGC team is not great they try hard but balls up most this is why Ozzies dont buy it here is another example of SGC sister company being challenged by Strachan in 2011 with an early release of his assessment he was proved correct
hxxp://adx-energy.com/documents/1320281138_ASX%20Release%20-%20Tunisia%20Operations%20Update%20-%20Sidi%20Dhaher%20Oil%20Analyses%20Verified.pdf
Then there was the disappearing 180' of oil in Calif at Coalinga in 2013 that we have discussed pays to research

[buffythebuffoon] 07/12/2017 10:22

If I recall correctly, Zengas valued what we have already at Duyung, pre production obviously, at 17p.

We therefore currently have Jade, Topaz, Pearl, and who knows how much more, together with Dempsey, Dempsey Trend AMI wells and Alvares, which we know flows gas, in for minus 3p or so.

Sure, there may be some dilution in the future, but aside from those overleveraged with no more cash, what’s the problem?

Besides a leaky company and Strachan that is...

Buffy

[trotting12] 07/12/2017 10:20

Stewart,play safe mate !!i hope it comes in a gusher for you !

[arcadian] 07/12/2017 10:17

Stewart Thank you,

[sux_2bu] 07/12/2017 10:12

Gap close to being closed. A little bit down yet then will see where the price settles after over shoot.Gla.

[currypasty] 07/12/2017 10:10

looks like the market has just priced in a Dempsey complete fail.. bonkers!

[niceyman1] 07/12/2017 10:10

Company will be forced to issue rns! I.m.o

[stewart4800] 07/12/2017 10:06

bushman,

I have just sent Tom an email

[bushman1] 07/12/2017 09:59

Stewart. A good idea. Will you pen a note to EME ?

[stewart4800] 07/12/2017 09:52

I read the Strachan report from Hotcopper today and whilst I have no idea if it is correct or not I sold half of my trades to reduce the risk, if we get a positive update I will buy back. I still hold 650k plus paid for.

Strachen seems to have a good following but why he has access to info which is not in the public domain is staggering, if it is correct then Sagasco should have announced it, the share price has been falling for a couple of weeks now and you wonder if some knew what was happening.

If the info is not correct then it needs to be announced what the position is as clearly eme and SGC have seen their market cap reduced significantly.

I remember Tom saying don't believe anything you read on BB but this was from Strachen not a BB, perhaps eme today should put the record straight regardless that SGC are the operator, perhaps give us an update on the two other projects, seen too many bad times with eme over the last 10 years I don't want another.

Perhaps should have sold when Zengas got out as I am sure he was not that keen on Dempsey but liked Duyung and China from memory.

That report has had a serious effect downwards on eme and action is required.

[dbh911] 07/12/2017 09:48

from Mondays RNS

"Two zones have been tested so far, and while we are focused on
initial reporting on the data from this second zone, we have multiple more zones to test
below the field production level reservoirs."

cant see how they have suddenly gone from X4 to X1 in 3 days


'Multiple' below field production would support that X3 is second zone at WORSE leaving x2, x1 and G1 still to be tested (X1 and G1 with the most potential)

would be good to have a Clear Up RNS from SGC as they will have seen the reaction to the share price from the published report!

[rutter] 07/12/2017 09:43

Have found it a pantomime with all F Aussie companies I've invested in

[brimsley] 07/12/2017 09:05

How on earth would you know the first zone tested was 'below X4' given the drill TD'd 300m above prognosed TD what a muppet read Toms narrative 9/8 and 9/13 and see you at 12p

[blueblood] 07/12/2017 08:50

1st zone tested was below X4 and no one knows what is currently being tested but not X3 or above imo

[jemjem] 07/12/2017 08:50

There is no way they have tested the higher zones yet. They would have said so.
The last RNS from SGC confirmed they were working in a methodical manner from bottom to top and they were only in the second zone.
Blog style posts tend to be written in a very loose style and it's difficult (probably deliberately)to work out whether he is giving a leaked "fact" or an opinion.
Imo.