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EME Empyrean Energy Plc

0.0825
0.00 (0.00%)
10 Jan 2025 - 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 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.0825 25,571,552 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.08 0.085 0.0825 0.0825 0.0825
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs USD USD -9.59M USD -0.0038 -0.21 2.1M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:17:55 O 583,540 0.085 GBX

Empyrean Energy (EME) Latest News

Empyrean Energy (EME) Discussions and Chat

Empyrean Energy Forums and Chat

Date Time Title Posts
12/1/202509:45EME - Post Sale of Sugarloaf Asset57,086
19/12/202404:28EME have a potentially transformation 202521
14/3/202418:17Empyrean Energy - EME - Charts and Info54
13/6/202312:24Empyrean Energy22,263
22/11/202214:05Empyrean energy -

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Posted at 12/1/2025 08:20 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 0.08p.
Empyrean Energy currently has 2,550,092,441 shares in issue. The market capitalisation of Empyrean Energy is £2,040,074.
Empyrean Energy has a price to earnings ratio (PE ratio) of -0.21.
This morning EME shares opened at 0.08p
Posted at 09/1/2025 14:18 by neilyb675
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BUY: 1000000 EME - EMPYREAN ENERGY ORD GBP0.0001
Posted at 09/1/2025 13:40 by showme01
If Coro's shareholders own only 6% after debt has been cleared with 15% of Duyung, EME looks hugely undervalued as EME shareholders own it all less paying off a far smaller debt, all be it that EME only owns 8.5% of Duyung and now has a near term drill with a 40% CoS that if successful, would propel EME's value up by £10's of millions on that one commercial success, then there is Duyung. Am I missing something?
Posted at 18/12/2024 17:08 by odillon
There has been a very long history of drilling in the area JemJem. That makes new substantial finds harder to come by. To have some hope that there is a decent prospect in the target area I would need to see an independent chance of success report. That may come, and let's hope it does, but without it the Wilson project is not cause for positivity in my view.

It may be straightforward to reinstate the LEI code, but if so why has it been left unaddressed since 2022? There is a pervading dysfunction that appears to afflict company officers. The lost 2 million, errors in RNS releases such as citing the wrong figure for EME's Mako stake, losing Nortrust's holding on the Aim declaration for a period, vagueness about whether CNOOC have an actionable claim against EME or not and not keeping the LEI code validated for Apnea, to name a few.

As I understand it, the more time that goes by the less we stand to gain from Mako and so it would be very welcome if there is some news on that front shortly that lifts our spirits ...and the share price.
Posted at 18/12/2024 08:01 by mrblobbythe2nd
The market is a forward indicator, the stale bulls who operate here look at their losses and blame everyone but themselves, these individuals pressed the BUY button at 1p/2p+ etc.

The fall in the stock price of EME over the last 12 months is mainly due to market conditions plain and simple.

Worth remembering that the current m/cap of EME is just £2.4m, the Mako stake is worth multiples of that, the upcoming Cooper Basin project could multiply that market value many times also.

It is not like EME is selling at a £10m+ m/cap, there is excellent upside potential here for new entrants, that is why Nortrust have built their stake to 6% and could still be adding.

Buy low sell the highs.
Posted at 08/12/2024 14:32 by lipov
Development cost of 100% share of Mako is around 322m, cannot remember the exact number. If Eme keeps 4% they have to fund 13m or so. This can be easily funded and paid for from first day of revenue generation, usually up to 50% of net income each year.
Wilson will be drilled otherwise placing wouldn’t occur. It is in huge interest for CEO to be drilled.
Topaz and Gaz B are hand in hand, they won’t let it go. Gaz B. just has to show Cnooc 12m and will be drilled when weather permits. I believe that will happen if Eme decides to sell Mako down completely.
Judijudi how long have you been in oil exploration business as a holder of companies shares? Because you are asking questions or making statement that are a bit unusual. The best you managed to figure out was that nortrust is buying for steady income and dividends. Which just going by reading your posts here on Eme, it was a bit of a ‘shocker’; to see you posted something potentially positive.
Posted at 08/12/2024 13:18 by lipov
Selling 158m will not be a problem when mako farm down occurs and Wilson well is commercial. However I agree that most likely they see high chance of EME being revenue/dividends generating in the future. Eme might well sell only portion of 8.5% and keep the rest for nice income after 2026. I wouldn’t be surprised if Eme only sells portion which would be equivalent in relative terms to Conrad sell down. Conrad will probably want to keep minority stake and Eme too. There is a good upside exploration potential in Duyung asset. Why say no to it?! New Mako developer would want to have certainly above 50% if not much more.
Eme and Conrad did similar type of sell transaction to Coro where both of them decided to sell just a portion of Duyung license to Coro. I think Eme did give away 1.5%.
So, agree that Nortrust is here because there is high chance Eme will be a good revenue generating company (dividends)and if Wilson comes in, even better.
Highly likely after reading Conrad presentation and their rns that sell down will be completed shortly and Fid as well, max end of q1 imo.
Posted at 03/12/2024 17:06 by cashandcard
MrBlobbly,I share alot of your sentiment. Seen this for over two decades back from the 90s. But there are a few painful realities PIs must accept;#the likelihood of losing every penny on a given stock.#catastrophic financial ruin when overexposed or with total exposure to this area.#Instability and constant need for cash/liquidity.#Short-term/traders market - no one wants to be left holding the baby.#Dodgy/Lifestyle management over represented in this segment.The reality is; the City lot only get away with what they do because the Shisters who manage these smallcaps and minnows are generally in it for themselves (who isn't) but incapable of delivering for shareholders which should be there main goal.It's also made worse by inexperienced fantasist dreamers who chase mirages and eventually get dried out whilst still dreaming. The market is full of vultures, who can see those dreamers coming.In respect of EME - I've followed this since the Sugarloaf days - it's failure is totally down to management and their inability to deliver shareholder value, nothing else. Given that shareholders have just voted through EME resolutions again recently - they have no one else to thank but themselves if they lose the shirts on their backs.Cash
Posted at 02/12/2024 12:38 by helpfull
Tickety Tock!

Congratulations to all shareholders in the passing of all resolutions.

You had your chance and decided to not take it.

What is amusing is that some thought a protest vote might be detrimental to the share price performance.

A share price down from 10p (and above) to 0.115p.

Be careful.
Posted at 15/11/2024 00:55 by odillon
Nelly the 8 October 2024 RNS demonstrates how the notification procedure works. As you have quoted it refers to EME having been notified of the Nortrust 58,000,000 shareholding on 7 October 2024.

Having been so notified, EME had the legal obligation to publicise all the details of the notification by the end of the next working day. Hence the RNS on 8 October. So on that occasion EME complied with the legal requirement by publicising the full details of the TR-1 form received from Nortrust the day after they received it.

At that stage Nortrust were listed as significant shareholders holding 58 million shares on the EME website.

They are no longer listed on the EME website. So either that is a mistake or Nortrust have reduced their holding to below 3%. I think it is the latter and that was the reason for the AIM information being updated on the 6th of November.

If as I suspect Nortrust have reduced their holding below 3% then it appears that EME have failed in their legal obligation to publicise this.
















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Posted at 13/11/2024 15:06 by odillon
Isn't it the case that the c note holders have an interest in obtaining the best possible price for Mako as they get 15% of EME's share of it under the agreement? if it is sold cheap then they sell themselves short.

As far as I understand it that would be the same claim that they would be making against EME if the company went into administration (along with any unpaid interest). So why sell Mako cheap?

As I understand it they would need to work with EME to sell as soon as reasonably possible if Conrad fail to sell EME's share. So that eventuality is connected to Conrad's performance which is out of EME's hands. But again, why sell cheap?

The fundraiser is for £1.12m which is well below the extant company liabilities (even without taking the 12m CNOOC claim into account) and is "for the Company's general working capital purposes and, if appropriate, to drill the Wilson prospect"
Empyrean Energy share price data is direct from the London Stock Exchange

Empyrean Energy Frequently Asked Questions (FAQ)

What is the current Empyrean Energy share price?
The current share price of Empyrean Energy is 0.0825p
How many Empyrean Energy shares are in issue?
Empyrean Energy has 2,550,092,441 shares in issue
What is the market cap of Empyrean Energy?
The market capitalisation of Empyrean Energy is GBP 2.1M
What is the 1 year trading range for Empyrean Energy share price?
Empyrean Energy has traded in the range of 0.08p to 0.728p during the past year
What is the PE ratio of Empyrean Energy?
The price to earnings ratio of Empyrean Energy is -0.21
What is the reporting currency for Empyrean Energy?
Empyrean Energy reports financial results in USD
What is the latest annual profit for Empyrean Energy?
The latest annual profit of Empyrean Energy is USD -9.59M
What is the registered address of Empyrean Energy?
The registered address for Empyrean Energy is 2ND FLOOR, 38-43 LINCOLN’S INN FIELDS, LONDON, WC2A 3PE
What is the Empyrean Energy website address?
The website address for Empyrean Energy is www.empyreanenergy.com
Which industry sector does Empyrean Energy operate in?
Empyrean Energy operates in the OIL AND GAS FIELD EXPL SVCS sector

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