Empyrean Energy Share Discussion Threads

[james_jones] 08/12/2017 07:59

Probably because there is no need for an update

[judijudi] 08/12/2017 07:59

There’s the news

[judijudi] 08/12/2017 07:59

Price changed just now

[niceyman1] 08/12/2017 07:56

Why no update?

[brimsley] 08/12/2017 07:55

You need a permit to fart in California most over regulated state in the union

[judijudi] 08/12/2017 07:53

Pre market
It has got 11 to sell and 12 to buy at the moment
But that can change

[niceyman1] 08/12/2017 07:52

And still the company remains quiet?

[dafrog] 08/12/2017 07:52

It is flowing to sales during test. But B Rimsley said it would take 100 days for that?

[jemjem] 08/12/2017 07:50

So. Brimsley has his 12p and Dempsey, the world class play in the making, has no value priced in at all. In fact it is priced as a liability :-)
Could be some interesting trading for a bit.
Imo

[farhan3000] 08/12/2017 07:49

Thoughts people?

[blueblood] 08/12/2017 07:24

Strachen has lost all credibility with his wild interpretation of zones based on last RNS only (or so he says). All the hallmarks that this will be very good just very early days in proving up the world class discovery in virgin area. I agree with oil that this zone is certainly no higher than original X4 target and possibly below that!

[judijudi] 08/12/2017 07:22

Mr S,
Think we may have missed a low yesterday?

[pb01] 08/12/2017 07:21

Very happy with that announcement. It's a commercial discovery and we are earning cash from it currently.

With thicker reservoirs left for another day in the X and G layers and the prospect of higher flow rates to come on the current zone then throw in China and Indonesia EME is set up for a strong 2018.

[makesomewonger] 08/12/2017 07:14

Great news. Everyone looking for negatives here, they have hit gas and its building into a monster. More testing, again great news, they have GAS. Have a great Xmas, enjoy life with your families. Thats the important thing, next year will be a good one with EME.

GLA

[judijudi] 08/12/2017 07:10

TG,
I don’t think a few perfs will move a continental plate mate
:)

[the guardian] 08/12/2017 07:07

Glad to see the situation is a little more positive this morning. Pity about the need for fracking though. If I lived close to the San Andreas fault, I wouldn't want to see any.

[cliveas] 08/12/2017 07:06

Surely though if connected and sales are made it is commercial?

Therefore at the very least covering costs if not more?

[terry hardacre] 08/12/2017 07:01

So no further zone testing until an extended production and sales test has taken place.Looks to me like an effort to generate funds to finance the rest of the operation; but means we're in for a wait of an unspecified period.Having said that, slowly but surely the picture is one of commerciality - it's just not been the immediate explosion of gas straight into the pipeline we might have originally hoped for.

[brimsley] 08/12/2017 06:35

Brilliant so you expect the shares to trade in a lot more positive than 24 hours ago fashion do you

[maltby2002] 08/12/2017 06:34

All 3 partners making simultaneous announcements all saying exactly the same thing so it is unlikely that TK will be able to put his own interpretation on it.

[maltby2002] 08/12/2017 06:25

Extended flow test to sales whilst permission granted to fracture stimulate to improve permeability, testing stopped whilst this is granted but this could take time. Significant gas discovery and critically still under budget, a lot more positive than 24 hours ago