Empyrean Energy Share Discussion Threads

[blueblood] 08/12/2017 10:01

You are as highasakite and an irrelevance

[highasakite] 08/12/2017 09:57

Broker says sell.

[olly94] 08/12/2017 09:46

Maybe a matrix acid job will be enough to improve flow

[highasakite] 08/12/2017 09:42

Todays RNS is a disaster.

Fair value still 5p or lower.

[kevjames] 08/12/2017 09:37

Barony

Not much - gas price in California is around $3.5 mcf - so around $400 per day less the tax and royalties.

wcj

Will not be horizontal drilling IMO - just some fracccing near the well bore over the zone of interest.

[wcj] 08/12/2017 09:25

I assumed that if fraccing goes ahead that it would involve re-entering the well and drilling a long horizontal leg/ Is it feasible to fracc a vertical well over a short distance, just to break up the rock at the end of the bore, and find out just the effects of fraccing on the reservoir? Much cheaper. After all, fraccing is just an information-gathering exercise.

[barony] 08/12/2017 09:24

The well is to be placed on production to sales. How much cash is that expected to produce at 140mcf?

[brimsley] 08/12/2017 09:19

nightmare you say each to their own i spose but the rampers here are now confirmed idiots

[sux_2bu] 08/12/2017 09:19

Gap well and truly filled.Now the gap up higher to fill.Gla :-)

[hercy] 08/12/2017 09:16

Thank you sellers for the opportunity. It would be rude not to have a top up.

[hang ten] 08/12/2017 09:16

My understanding is California was more of an investment to help us 100% self fund China. We cash in the bank and still do. I understand we have major players offering all sorts to get in on the China play to undertake the work there. It won't be a problem really. It is however a little frustrating to see some cash held up for a little longer than expected! But hey that's business and anyone one in business will be well conditioned to these hiccups! To 100% self fund China would be ideal though. GLA HT

[currypasty] 08/12/2017 09:15

price of fraccing has come down considerably in recent years

[bobcomins2] 08/12/2017 09:13

"A typical well can have 20 fracs, each necessitating the procedure of blending, pressurizing and cracking. A typical frac job can last up to 20 hours — one frac stage per hour — from start to finish.
Once all the fracs are created, the downward pressure is removed from the well. Within a couple of days, the release of that pressure will reverse, allowing the oil and gas to flow from the rocks and up the well."

The frac procedure doesn't take that long, so its down to how long the approval process takes before anymore news on Dempsey.

Bit disappointed as wont be getting a fantastic Christmas present from EME this year (again) - but still looks very promising for 2018.

[svsvsvsv] 08/12/2017 09:11

Time to move on up me thinks.

[bskiny1] 08/12/2017 09:07

Problem is...EME did the Dempsey well for the short cash...our other sites are longer term

[hang ten] 08/12/2017 09:04

'Well....well....' Tom and Gaz I would imagine are now super keen to release the China Block 29/11 results once the 3d analysis are complete. Remembering that this is estimated to be around Christmas. What a buying oppertunity for an investment in this potentially transformational project. Again with Indonesia priced in and around 12p one does not need a calculator nor half a brain to figure this buying opportunity. I personally never got that excited about California BUT aknowledge it's potential. It has been a distraction from the China project. I still will not get excited nor disappointed about California my focus is, was and will be on China. Saying that it will be nice to see California do the business. I do sincerely think it will and the reward will be worth the effort. But I just don't feel the love that so many of you seem to have for it ! Anyway guys I trust all will work out here and that the wise snap up their stake at these bargin prices ! And stop panicking- what's coming down the tracks for EME will show the last few weeks decline as just a little blip on the charts this time next year. GLA and keep the faith ! HT

[oilforex] 08/12/2017 09:03

KwizzaMight explain why they didn't drill to the original target depth. Would also back up the view that these are the two zones reported in the volcanic level, therefore below the significant shows of the 'x' zones.No wonder they are keen to try and prove this up if that is the case. Remember the several Dempsey lookalike structures an addition to Alvarez?This has the potential to be huge. EME isn't SGC. For me it was all about China. But then Indonesia was a surprise bonus and now huge Dempsey potential essentially for free?Obviously not happy with the current handling of the news, but I think looking back in 6 - 12 months this will seem a steal.

[dafrog] 08/12/2017 09:03

The news isn't that bad but traders don't like delays. I am holding all and still up. 12p is nearly 20p in old money.

[kumala] 08/12/2017 09:02

Been ere circa 15 yrs guess a couple more wont make much diff. Back to the bottom drawer for EME i guess.What a crock.K

[the guardian] 08/12/2017 08:59

What's with all the selling? The news isn't that bad.

[kevjames] 08/12/2017 08:58

Curry
I think they are looking at the big picture here - to fully test the lower zones they can not move further up the well. If you believe ( as GJ seems to) the lower zones will provide the big bucks in time, you would not rush to the higher zones because you are cash restrained. You develop a strategy to get the data. Remember these results potentially feed into the well designs of the Dempsey lookalikes. I have no doubt that this will become a big profitable resource but it needs funding. They will get the funding but how and at what cost to the shareholders is the unknown. This is looking a very good LTH from these levels with China and Duyung in the wings. Many of the traders will be well down, but for those of us LTHs who can wait and can top up, this could be very good indeed.
Well done to Brimsley - he got his 12p in the end, however the game is far from over. GLA and AIMHO.

[kwizza] 08/12/2017 08:51

SGC say that the area straddled by the 2 gas flows has potential also

[oilforex] 08/12/2017 08:48

As a thought, whatever happened to hotrocketshares and his crystal ball?Maybe he passed it to Brimsley?

[judijudi] 08/12/2017 08:46

Brimmers fair play
You called it bang to rights