Empyrean Energy Share Discussion Threads

[jerrys1] 26/2/2018 15:39

Stewart4900 post15871'Get your facts right'I said that "Gaz said that when the Geo's were completed a statement would be issued". If you actually read the post you published the last paragraph stated that" Geological work still going on, likely to complete end Q4 2007". Therefore not surprisingly I took that statement to be an interim and am still waiting for the statement committed to at the AGM.Sort of Along the lines of " Geo results brilliant have rigs fighting to take on the drill or Geo's are positive and we have one/two companies go act as our partner in the farm in. My concern is that the longer the silence last s the less positive the result

[currypasty] 26/2/2018 15:38

from XST rns


• Current gross production is up approx. 70% to > 1,000 Mcf/day (XST net ~170 Mcf/day);
• The revenue impact to Xstate is approximately US$15,000 per month;
• Gross production is expected to increase to 1,500 Mcf/day gross by end of March 2018 and 2,000 Mcf/d gross by the end of June 2018; and
• 11 wells are in production and 14 are currently idle.


we can at least see from this that 170Mcf/d=$15k/m. would be nice to know what our cut is

[buffythebuffoon] 26/2/2018 12:33

Curry, that would be ironic, given how we had to run to keep up on Sugarloaf.

Buffy

[blueblood] 26/2/2018 11:39

Tulyaino flow testing this week and should at least be ready to go into low cost re-entry to have a look at Alvares.

[blueblood] 26/2/2018 11:38

Could we take SGC out at this low level? GJ needs rocket up him and get on with the job!

[crosseyed] 26/2/2018 10:55

cmackay,
Thanks. I'll look into it later, though not likely today, I'm afraid.
c

[cmackay] 26/2/2018 10:14

I took a screenshot from the presentation and posted it elsewhere.

[cmackay] 26/2/2018 09:59

Crosseyed, it is linked in post 15867 by Safiande, iirc it is towards the end of the presentation, last quarter perhaps? It's a timeline of 2017 and 2018 that shows the projected ranges of the various stages of China. I really like visual learning so for me it was useful to revisit.

[crosseyed] 26/2/2018 09:42

cmackay,
Re 15872, Which presentation are you referring to, do you have a link?
I'm travelling at the moment but will be back home tomorrow (Tuesday).

c

[blueblood] 26/2/2018 09:37

It's up to TK to get updates out now

[barony] 26/2/2018 09:28

Fed up with “buying opportunities”!

[brimsley] 26/2/2018 09:12

positive spin to come pre placing enjoy

[thetoonarmy2] 26/2/2018 09:01

Stewart, I have a feeling they will be.:):)

[stewart4900] 26/2/2018 08:31

Toon,

Many thanks, be nice if all the updates are very positive

[cmackay] 26/2/2018 08:20

Lovely, enjoy

[thetoonarmy2] 26/2/2018 08:08

Guys as Safiande has posted we do indeed have a share of some of the sagasco producing wells, not all of them though.
I am hoping TK will be giving an update on all the projects soon.

[michmcd] 25/2/2018 19:27

Then reassure them in their own thread and stop spamming ours.

[ssrover] 25/2/2018 19:23

Seems theres still a seller offloading into strength

Massive buzz all around this weekend across the usual forums and twitter on MATD and NUOG. see MATD and NUOG as big risers next week

[abergele] 25/2/2018 18:38

Rovers got himself lost here I believe,he's spamming each and all he can...
go away....another filtered...and only a member since Dec,2017.
he's very keen for a novice then ramping mtd,or a multi alias guy...gone..

[ssrover] 25/2/2018 09:17

Personally see more upside at MATD short/med term

MATD is the BIGGEST drill campaign ever seen on AIM for at least 10 years.

First drill is targeting 750 million barrels RECOVERABLE!!
50 to 75% on last two drills.
Practically appraisel wells
CEO words not mine..

We then have 3 more drill planned this year

MATD hit 38p last year on prospect of ONE DRILL!! current price 11p.

ALL Drills are FULLY FUNDED & 100% OWNED

[brimsley] 25/2/2018 07:43

I cant use html on this site either but I can clearly see the trend and I am not a rocket surgeon enjoy

[cmackay] 24/2/2018 10:30

I can't use html on this site, is anyone willing to cut the China timeline graphic from the presentation to post on here? Perhaps if crosseyed thinks it worthwhile it could go in the header?

[stewart4900] 24/2/2018 07:31

The interim states end of first quarter this was 12th December, 7 months after AGM, get your facts right.


Empyrean commenced a 580km(2) 3D seismic acquisition survey in June 2017, which included the two key prospects, Jade and Topaz, which had already been identified in 2D seismic surveys. The 3D seismic survey acquisition was completed successfully in August 2017 and exceeded the work obligation of the permit for the current Geophysical Service Agreement ("GSA") phase. The survey was completed on schedule with excellent quality 3D data acquired.

Processing and interpretation work commenced in late August and in September 2017 Empyrean announced the results of preliminary internal interpretation of the raw seismic data which confirmed the structural validity of the Jade and Topaz prospects and identified a third significant target named Pearl, located to the north of Topaz.

A summary of the internal interpretation of gross unrisked mean prospective resources for Jade, Topaz and Pearl is provided in the table below.

Prospect Preliminary Prospective Resources Estimates (mmbbls) ---------- ------------------------------------------------ Low estimates Best estimates High estimates ---------- -------------- --------------- --------------- Jade 89 103 143 ---------- -------------- --------------- --------------- Topaz 280 365 498 ---------- -------------- --------------- --------------- Pearl 84 123 206 ---------- -------------- --------------- ---------------

These estimates are expected to be revised towards the end of Q1 2018 when the comprehensive interpretation of the fully processed 3D seismic data is expected to be completed.

In addition, geological work continues during Q4 2017, focusing on migration pathways of oil in the basin. The seismic interpretation and geological work is expected to finalise the prospective resources and geological risks of the Jade, Topaz and Pearl prospects.

[judijudi] 23/2/2018 23:55

Disappointing

[jerrys1] 23/2/2018 22:44

At the AGM Gaz said that the analysis of the 3d survey would be completed by the end of Dec 2017 but more likely in Jan 2018 following that an update would be issued. (answer to my question). Therefore one should be on its way this week.

My concern is that the only reason for a delay is that not everything on the survey has come up roses. And they cannot issue a holding RNS full of hot air saying everything is OK as that would be misleading and open the directors to legal issues.

I note that Saf intimated that the next update would be in April