Empyrean Energy Share Discussion Threads

[currypasty] 12/12/2017 16:59

in case you missed it...

"The Company is continuously reviewing other acquisition opportunities in parallel to the current activities and will also evaluate any attractive divestment opportunities in due course. "


Duyung ???

[kevjames] 12/12/2017 16:39

Mark of the rushes

I think GJ is referring to this statement:

The Great Valley Sequence of California is a 40,000-foot (12 km)-thick group of related geologic formations that are Late Jurassic through Cretaceous in age (150–65 Ma) on the geologic time scale. These sedimentary rocks were deposited during the late Mesozoic Era in an ancient seaway that corresponds roughly to the outline of the modern Great Valley (Central Valley) of California.

[kevjames] 12/12/2017 16:39

Mark of the rushes

I think GJ is referring to this statement:

The Great Valley Sequence of California is a 40,000-foot (12 km)-thick group of related geologic formations that are Late Jurassic through Cretaceous in age (150–65 Ma) on the geologic time scale. These sedimentary rocks were deposited during the late Mesozoic Era in an ancient seaway that corresponds roughly to the outline of the modern Great Valley (Central Valley) of California.

[currypasty] 12/12/2017 16:31

Empyrean's cash at the end of the period was US$4,649,659

[jacksspitfire] 12/12/2017 16:28

Mark...even more confused. Mako statement from todays rns dempsey from rns 8th dec

[safiande] 12/12/2017 16:25

Also the rate was limited by the available down hole production testing.

[currypasty] 12/12/2017 16:20

140mcf/d 140,000 cf/d v 10,900,000 cf/d

[mark of the rushes] 12/12/2017 16:18

jack, that's 140,000 a day cf.millions at Duyung.

[jacksspitfire] 12/12/2017 16:08

Mako South-1 well flowed at a stabilised rate of 10.9 million cubic feet of gas per day with multi Darcy permeability
Dempsey flows at 140mcf/d and people saying its poor

I'm confused what should be considered a healthy rate per day

[telbap] 12/12/2017 16:04

Hi Zen.....good to see you here......are you still holding sound energy?

[stewart4900] 12/12/2017 15:59

Zengas,

Thanks for your reply, be excellent if we could participate further in Indonesia,
Regards, Stewart

[zengas] 12/12/2017 15:45

Yes stewart still confident re Duyung and keeping an eye on Conrad. I expect they will be farming out a portion of the North X-Ray licence so maybe Eme may be interested given they had the option for 20% originally at Duyung.

[stewart4900] 12/12/2017 15:39

Interims look very solid, overall it now looks a very solid company ready to develop into a nice sized market cap. On a very quick view.

Dempsey is as discussed news as it develops, onto Alvares.

Duyung This sounds really good and I think could be very good even short term, hoped we would have more detail this year, still planning but not clear when we will hear more.

China All progressing great, mention of looking at migration of oil which I found welcoming.

Will have a longer look later.

[mark of the rushes] 12/12/2017 15:37

wcj, Terry, thanks, I'm not alone in my confusion then. :-)

[senttothegallows] 12/12/2017 15:23

Accounts look solid cash position very encouraging.

[terry hardacre] 12/12/2017 15:15

40,000 feet thick surely refers to the radial width of a strata zone? As wcj says, 40,000 feet would be getting into the mantle!

[wcj] 12/12/2017 14:48

mark of the rushes

"... the age equivalent of these Dempsey . .."

I take it to mean that the strata of the same age as the ones we are tapping into extend far deeper in the Sacramento basin generally, and that we are investigating an area on the top lip of an extremely extensive structure. Personally I would have thought that at that depth you would expect magma rather than gas.

[338] 12/12/2017 14:14

Guys, would you consider buying TIDE share which could double pretty quicky, whilst awaiting for EME complete the distribution?

[cmackay] 12/12/2017 13:58

Motr; nice observation

[mark of the rushes] 12/12/2017 13:45

As for the accepted wisdom that we have discovered a tight reservoir, I interpret it slightly differently.
GJ actually says.. "what is shaping up to be a new, large, conventional(albeit tite in places) reservoir petroleum system..."

He actually describes the sands as permeable, but, we have penetrated them at a particularly thin reservoir point with shale and gas filled fractures above and below. The fracturing is to vertically connect the gas filled fractures to the permeable sands and hence the well bore and also to provide a conduit for the thicker sand layer, which I interpret as being permeable, at a distance from the well bore to allow it to flow.

A 100 fold increase, as per coop, would give us 14 mmcfd, not too shabby, the metering station capacity is 20 mmcfd I think.

[mark of the rushes] 12/12/2017 13:28

I'm struggling to interpret this extract:

"By the way the age equivalent of these Dempsey and the older Alvares intervals of interest are up to 40,000 feet thick in the Basin, and similar‐age gas traps in the subsurface of the basin are amongst the least explored in the world. Hence our intense interest."

Any ideas?