Empyrean Energy Share Discussion Threads

[oilforex] 17/1/2018 14:36

Malcay, the sage who overlooked this at 1.8p and now feels the needs to comment.

[trulyscrumptious] 17/1/2018 14:23

Malcy is not impressed with the turn around from a great discovery to a trickle of gas. Why didn't they test some decent part of the well first, if there is one?

Empyrean Energy
EME announce today that production and sales from the Dempsey well in California have commenced at a rate of 140 mcf/d. The operator is proceeding with the application process for enhanced reservoir stimulation expected to start before long. The market has taken the red pen to the EME share price but probably because they, maybe like me, have absolutely no idea what is going on in this well which on the way down was burning the barn down, less so now.

[hang ten] 17/1/2018 12:37

Absolutely Michaelhfrancis ! And there is more than one Toy at the bottom of this Cereal packet !

[wcj] 17/1/2018 12:37

Historically EME always used to be (effectively) a one-trick pony. So if a RNS came out it meant that we could not anticipate another RNS for at least a few days, and sell-on-the-news-and-buy-back-at-leisure was a logical strategy. We still appear to operate this kind of pattern.

However with China and Indonesia around this is no longer as predictable as it used to be, and as they become more prominent we will probably find that people start to eye the risk of being out at a crucial time.

[michaelhfrancis] 17/1/2018 12:01

Tom is said is to believe that if Dempsey comes in as expected its worth 57p a share with 3 more Dempsey look alikes and alvares twice as big as dempsey if only one comes in were in the big money and the signs are more than positive in my opinion. dyor

[michaelhfrancis] 17/1/2018 12:01

Tom is said is to believe that if Dempsey comes in as expected its worth 57p a share with 3 more Dempsey look alikes and alvares twice as big as dempsey if only one comes in were in the big money and the signs are more than positive in my opinion. dyor

[tomthedom] 17/1/2018 11:42

brimly lies again,,,
3p to 30p,,,fact
30p to 8p,,,not fact,,,imagination only

[brimsley] 17/1/2018 11:33

30p to 8p during all this potential thats the only fact you need enjoy

[richiiiee] 17/1/2018 11:20

Hi Mike I know you are right, just annoys me that's all as he brushes over the facts and potential of EME and always looks for the negatives, pointless!

[mike the golfer] 17/1/2018 11:19

Richiiiee

IMHO you're wasting your time trying to convince someone who doesn't want to hear. He has his fingers in his ears!!

[richiiiee] 17/1/2018 11:15

Brimsley this wasn't a bad RNS, It didn't tell us anything we didn't know already, granted, but what it did do is cement why myself and all LTH have invested in EME. This is the lowest zone of a 5 zone Well and they have successfully flowed from the lowest point with 4 zones above that will also flow, with frac stimulation to the lower zone GJ is hoping to unlock the full potential, if he can't he can't, we move up, but what he has proven is that he has the team, knowledge and expertise to successfully flow from a zone that has never flowed before which IMO sets this up nicely for the upper zones and the 2.5TCF Alvares, it also installs confidence that they know what they are doing wicker and more efficiently with Alvarez and the frac will be successful on Dempsey, This coupled with the China project and Duyong its an absolute no brainier, people jump ship when they don't like what they see I.E no frac permit granted RNS, but as he stated this will be a q1 completion and we will know more after this, yes it's a waiting game but those who hold or are willing to stick with it will be rewarded, there are 0 negatives to take from that RNS bar the flow rate being low which we already knew anyway, only way is up! GLA

[brimsley] 17/1/2018 11:12

Only huge figures are toons losses he still has MI5 hunting knightsbridge for me enjoy

[abergele] 17/1/2018 11:10

Earlier this morning I allude to about 400k more of trades not showing,but appearing in the total traded,
We now have a ?? of 100k,that doesn't count as a buy or sell,
shall we see another 3 I wonder?....just a thought ..

[stewart4900] 17/1/2018 11:01

Buffy,

It would seem that they are that stupid, but their decision,

jemjem,

Any chance of seeing the huge figures that Toon alluded to, perhaps the ones the doctor saw, be good on a day like today.

[buffythebuffoon] 17/1/2018 10:54

It’s quite astonishing how many stupid people invest their money in companies on the stock market.

Still, I guess it’s good for those of us who want to increase our position in a stock, and didn’t expect a no new news RNS to reduce the price.

Are people really that stupid? I guess they must be.

Buffy

[brimsley] 17/1/2018 10:48

You said the same when I called 10p from 22p good to see Harrisen back with half his capital left enjoy

[brimsley] 17/1/2018 10:33

Why would they hold failure to break 14p opens up 8p stop losses are traders best friend ask any bagholder here check the chart enjoy

[abergele] 17/1/2018 10:20

I can see 4 x buys from early getting sold back already..bahhhh

[blueblood] 17/1/2018 10:09

MMs will be relieved with weak sellers earlier as they were running very low on stock yesterday. Won't take long for this but if liquidity to disappear though.

[abergele] 17/1/2018 09:50

Nice reminder MichaelFrancis...perhaps will jog a few reasons for why we are here.
thxs matey...gla lth's.

by 4.30pm we will be looking back at this mornings efforts and be thinking,"that was a profitable day" when we are back at evens,not up or down...well for those that bought in that is..gla

[michaelhfrancis] 17/1/2018 09:45

About Empyrean Energy Plc (LON: EME)

Empyrean is a London AIM listed oil and gas explorer with three potentially high impact new projects. Empyrean has a 1800km2 offshore oil permit located in the Pearl River Mouth Basin, China where it has completed 3D seismic in Q3, 2017 to further mature two large oil prospects, Jade and Topaz. Processing and interpretation is underway and preliminary internal interpretation of the raw seismic data has confirmed the structural validity of the Jade and Topaz prospects and also identified a third significant target named Pearl, which is located north of Topaz. The permit is directly South East of the billion barrel+ Liuhua Oil Field operated by CNOOC and two recent discoveries to the permits West and South further enhance the merit of Jade and Topaz. Empyrean is operator and holds 100% of the exploration rights through to commercial discovery where CNOOC have a back-in right to 51%.

Empyrean also has a 10% interest in West Natuna Exploration Limited that holds 100% of the Duyung PSC in offshore Indonesia and is targeting the Mako Shallow Gas Discovery that has an independently verified 2C and 3C gas resource of between 430-650 Bcf recoverable gas. Successful testing operations were recently completed at the Mako South-1 Well with 10.9 million cubic feet of gas flow and better than expected reservoir quality and multi Darcy permeability. The operator is currently analysing data with a view to providing a development plan.

Empyrean also has a joint venture with ASX listed Sacgasco Limited on a suite of projects in the Sacramento Basin, onshore California, USA. The package includes two mature, multi-Tcf gas prospects, 'Dempsey' and 'Alvares', and an Area of Mutual Interest (the "Dempsey Trend AMI") that includes at least three already identified, large Dempsey-style follow up prospects. Dempsey is a large structure mapped with 3D seismic and interpreted by Sacgasco to have the potential to hold a prospective resource of over 1 Tcf of gas in up to seven stacked target reservoirs. The joint venture has completed drilling of a 2,970 metre (9,747 fee) combined appraisal and exploration well; Dempsey 1-15, to evaluate this prospect. Wireline logs confirmed numerous zones for production testing.

Aside from compelling technical merit, the Dempsey-1 well location sits next to existing gas metering and surface infrastructure that is owned by the joint venture. This will allow for any gas discovery to be tested and connected into the local pipeline at relatively low cost and in an accelerated timeframe. This early potential for short-term cash flow in the event of a commercial discovery would be significant for the joint venture and for the state of California where gas demand is high and approximately 90% of consumption is imported from other states. Gas produced in the Sacramento Basin currently prices at a 10-15% premium to Henry

Hub Gas Prices. The joint venture is currently testing the Dempsey Prospect.
Alvares is a large structure mapped with 2D seismic and interpreted by Sacgasco to hold prospective resources of over 2 Tcf estimated potential recoverable gas. A well drilled by American Hunter Exploration Limited in 1982 for deeper oil intersected 5,000ft of gas shows. No valid flow test was conducted due to equipment limitations and the deeper oil target failing. However minor gas flows to surface were recorded even with these limitations. The possibility of using the existing well bore to sidetrack and get a valid flow test, thus reducing costs will be examined.

The Dempsey Trend AMI is an Area of Mutual Interest extending to approximately 250,000 acres and containing the Dempsey prospect (described above) as well as at least three other, Dempsey-style prospects which have been identified on existing seismic.

Quite a good few financial reasons to be invested here i think it was Tom Kelly that said Dempsey alone is worth 57p if it comes in as expected and their 3 more Dempsey look alikes plus Alvares twice the size of Dempsey If it all comes to pass 57 X 6 = BIG MONEY 2018 could be one heck of a year glta dyor Nearly forget Mako and China

[abergele] 17/1/2018 09:38

12.65p look buys to me against td's 12.5 to sell the last 5 mins.imho