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EME Empyrean Energy Plc

0.3165
-0.0035 (-1.09%)
13 Sep 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Empyrean Energy Plc LSE:EME London Ordinary Share GB00B09G2351 ORD 0.2P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.0035 -1.09% 0.3165 3,813,198 16:35:11
Bid Price Offer Price High Price Low Price Open Price
0.29 0.343 0.349 0.349 0.349
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs USD USD -20.8M USD -0.0161 -0.22 4.13M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:00:16 O 1,000,000 0.2955 GBX

Empyrean Energy (EME) Latest News

Empyrean Energy (EME) Discussions and Chat

Empyrean Energy Forums and Chat

Date Time Title Posts
13/9/202413:15EME - Post Sale of Sugarloaf Asset55,880
14/3/202418:17Empyrean Energy - EME - Charts and Info54
13/6/202313:24Empyrean Energy22,263
22/11/202214:05Empyrean energy -
12/9/202211:25Sacramento Basin-

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Empyrean Energy (EME) Most Recent Trades

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Empyrean Energy (EME) Top Chat Posts

Top Posts
Posted at 15/9/2024 09:20 by Empyrean Energy Daily Update
Empyrean Energy Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker EME. The last closing price for Empyrean Energy was 0.32p.
Empyrean Energy currently has 1,290,000,000 shares in issue. The market capitalisation of Empyrean Energy is £4,515,000.
Empyrean Energy has a price to earnings ratio (PE ratio) of -0.22.
This morning EME shares opened at 0.35p
Posted at 06/9/2024 13:52 by georgesorrow
I don’t think share price will get close to cash value because too many will bail and EME won’t at that point actually have a business because it has no prospects on the go, just money in the bank. If we get anywhere close to 2p I would be a very happy bunny.
Posted at 06/9/2024 08:57 by judijudi
Incorporated March 2005
Placing a few months later at 35p per share for just over 7,000,000 shares making the shares in issue 30,500,000 ish
Market cap nearly £11,000,000

After 19ish years and after numerous placings, poor financing deals, losing (ahem) 2,000,000 and mostly abject failure with the majority of our projects there are approx 1.29 Billion shares in issue with a market cap of £4,920,000
Share price struggling to hold 0.3 of a single penny
And what are we producing?
Isn’t that a truly woeful performance by a listed company
The only positive from where I’m sat is that at least we haven’t yet gone bust and we do still have our reduced holding in Mako
They should divi up any Mako sale before we see more of the above
All in my humble opinion only, I think my figures are correct and rant over for now
Posted at 02/9/2024 09:13 by odillon
Now this is interesting- here is what Sembcorp say;

SEMBCORP SIGNS GAS SALES AGREEMENT TO IMPORT FROM INDONESIA
Singapore, September 2, 2024 – Following the announcement on September 12,
2023, Sembcorp Industries (Sembcorp) today announces that its wholly-owned
subsidiary, Sembcorp Gas Pte Ltd, has signed a Gas Sales Agreement (GSA) with
West Natuna Exploration Limited, Empyrean Energy PLC and Coro Energy Duyung
(Singapore) Pte. Ltd. (the Sellers), to import up to 111 billion British thermal units per day of piped natural gas (PNG) from the Mako gas fields in Indonesia.


So Conrad are saying 76 BTU's per day while Sempcorp say 111

Is it because Conrad are only referring to their share? Conrad have a 76.5% share and 76.5% of 111 is 84.919.

So there is still a disconnect between the figures and it may be that the deal is for more BTU's per day than in the Conrad RNS
Posted at 15/8/2024 11:07 by the guardian
Sorry to see the share price so low and surprised that so many of you are still around. I got out at 9p I think, having lost £130k on my portfolio and legal costs. I closed my share dealing accounts and would never dream of going back.I would like to wish you all the very best of luck with EME but remember that your health should be your number one priority. I had a triple heart bypass three years ago, so I'm well up on getting old and trying to stay fit.Best wishes to you all. The Guardian
Posted at 13/8/2024 17:35 by showme01
The share price drop is not real. Price has been between 0,33 and 0.35 all day. It was overhyped yesterday in terms of share price and fallen back today. Looks like it will trade in this range until news imo.
Posted at 10/8/2024 08:55 by showme01
That's how I see it Blakieboy7. Once the GSA with Singapore is announced, EME will be worth more. How much, nobody knows but more. Then what are the possible value adding events? One is how much we receive for our 8.5%. Once debts are settled, how much we have left and what the company decides to do with those funds. If we get a Topaz extension, that will add value. If the company uses capital to buy into low risk projects, that could add value too. Therefore, I like you have been adding a lot recently and imo, the share price will only go up from here.
Posted at 08/7/2024 10:22 by showme01
JJ , I'm all up for debate.The share price has priced in no Duyung progress and certainly no Topaz licence. I accept that CNOCC might have lost faith in EMEs ability to deliver but they have extended it previously and Gas Clouds Gaz clearly has a good relationship hence the award initially. You can't claim if it is awarded, it will be on worse terms. How would you know? Topaz would be a great bonus if awarded, Duyung is my focus as EME clearly undervalued and once terms have been agreed to buy our percentage, at least we can reflect true value. What happens then, who knows.
Posted at 24/6/2024 07:06 by showme01
EME share price has collapsed a lot more than Conrad. This news should balance that imo.?
Posted at 13/6/2024 14:37 by safiande
I recollect that a few punters here espoused the merits of EME entering into further exploration deals to enhance cash flow. I assume that " low risk / high impact " in today´s RNS from Tom refers to early cash flow. If the proceeds from Mako are substantial as mentioned, then Tom can afford to enter into decent wi arrangements on these new programmes with the cash left over following the Topaz JVP deal, assuming that the extension is granted and assuming that EME wishes to continue.

Conrad confirmed today that despite the likely 6 month slippage in the Mako FID that :-

"The parties continue to endeavour to sign a GSA by the end June 2024."

This refers primarily to the export GSA which will impact favourably on the sale process and ultimate value. Furthermore Conrad also confirmed today that additional parties have expressed an interest in the sale which should positively affect the selling price.
As Mako is a cash cow I had considered that EME might stay in at least partially. However first production has slipped to at least Q4 / 2026 so a total sale in say Q3 / 2024 will free up cash for Topaz and the new programmes as needed.
Posted at 28/5/2024 08:38 by judijudi
It’s truly appalling how EME has been handled by our management
5th rate projects (bar one) losing (ahem) 2 million, all the while treating EME as a lifestyle company

Inception 2005
Share price £1.50+
2024
Share price struggling to hold 0.3 of a single penny
And not producing a thimble full
What a CV!
All in my opinion
Empyrean Energy share price data is direct from the London Stock Exchange

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