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EME Empyrean Energy Plc

-0.063 (-8.92%)
07 Dec 2023 - 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
  -0.063 -8.92% 0.643 1,861,457 16:35:04
Bid Price Offer Price High Price Low Price Open Price
0.60 0.686
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs USD USD -20.8M USD -0.0264 -0.27 5.6M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:35 O 10,000 0.6851 GBX

Empyrean Energy (EME) Latest News

Empyrean Energy (EME) Discussions and Chat

Empyrean Energy Forums and Chat

Date Time Title Posts
07/12/202317:03EME - Post Sale of Sugarloaf Asset53,762
18/9/202315:27Empyrean Energy - EME - Charts and Info51
13/6/202312:24Empyrean Energy22,263
22/11/202214:05Empyrean energy -
12/9/202210:25Sacramento Basin-

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Empyrean Energy (EME) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Empyrean Energy (EME) Top Chat Posts

Top Posts
Posted at 07/12/2023 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 0.71p.
Empyrean Energy currently has 788,431,892 shares in issue. The market capitalisation of Empyrean Energy is £5,597,866.
Empyrean Energy has a price to earnings ratio (PE ratio) of -0.27.
This morning EME shares opened at -
Posted at 23/11/2023 18:56 by helpfull
blackieboy7, you've been holding court for the last year and look what you've done for the share price..

Surely whoever posts cannot do the share price much more harm.

Welcome back Colin Stein.

Be careful.
Posted at 30/10/2023 11:08 by birotop
Over the years we have had posters analysing, in detail, many share price movements, share price fluctuations etc and then postulating their conclusions, and after all that we are at 0.65p.
Posted at 30/10/2023 10:54 by odillon
usually when you have a spread in the share price, the price of the transaction is somewhere in the middle of the spread. But we have "buys" at about 0.85 followed by "sells" at about 0.75. The chart is going to look like Ha Long Bay or the Alps.

The close knit series of 2,000,000 "buys" this morning looks like the trades of one buyer. There was a similar pattern of 500,000 and 600,000 trades on Friday, possibly the same buyer.

But the recent share price movements would appear to be MM led as they have been out of proportion to volume.

Bring on some good news so we can have some sustained fact based growth.
Posted at 26/10/2023 22:45 by digger2779

Conrad Asia Energy Ltd (ASX:CRD), the ASX-listed Asia-focused natural gas exploration and development company, is pleased to provide an overview of activities for the period ending 30 September 2023.
Conrad signed a non-binding term sheet (the “Term Sheet”) with Sembcorp Gas Pte Ltd, a wholly-owned subsidiary of Sembcorp Industries Ltd, Singapore’s leading power and energy utility. The Term Sheet outlines the core terms and serves as the basis for a definitive gas sales agreement (“GSA”), which parties have agreed to negotiate in good faith by 31st December 2023. This aligns with our target date for a final investment decision for the Mako project. These commercial terms bolster the development of Mako and support Conrad’s plan to sell down some of its 76.5% participating interest in the project.
Two of the three front end engineering design (“FEED”) studies for the Mako development project have been concluded and the third is on track for completion by mid-November 2023.
The Duyung farm down process is ongoing, and with the announcement of the Term Sheet for the gas sales, more parties have expressed interest in the Mako project.
Conrad has continued to identify and evaluate options for commercialisation of shallow-water gas discoveries in the recently acquired Offshore North West Aceh (Meulaboh) (“ONWA”) and Offshore South West Aceh (Singkil) (“OSWA”) Production Sharing Contracts ("PSCs"). A report prepared by THREE60 Energy completed in May this year, ascribes a net present value (“NPV”) of US$88 million to the Aceh PSCs net to Conrad on its net attributable resources of 161 bcf in three of the four discoveries. The Company continues to build out the portfolio of leads and prospects in both the deep- and shallow-water areas of the Aceh PSCs. To this end, a detailed geotechnical study to assess and create an inventory of leads has been commissioned. This project is expected to be concluded by year end. The deeper water areas have several large structures with multi-trillion cubic feet of gas potential. Seismic studies over some of these structures show gas chimneys and flat spots, indicating the potential presence of hydrocarbons.

Conrad Managing Director and Chief Executive Officer, Miltos Xynogalas, commented: “Conrad reached a significant milestone in the third quarter by signing the term sheet with Sembcorp Gas Pte Ltd for the sale of our gas to Singapore. The terms for sale of export gas were endorsed by SKK Migas, the Indonesian petroleum upstream regulator. Partnering with a major player in the Singapore energy and power sector and being entrusted by the Indonesian government to deliver on such an important project underscores Conrad’s credibility and solid position within the industry.

We expect to finalise the GSA within the next few months and target first gas during 2025.

We are extremely pleased with the progress in the Mako FEED. Tendering of major contracts is ongoing, from which will emerge a revised view of project costs. We are also excited about discoveries in the Aceh PSCs where we are evaluating commercialisation options and a high impact exploration portfolio. We expect to complete a detailed analysis of our prospects and leads portfolio and share the findings with our shareholders over the next few months.

The growing interest in the farm-down has been encouraging and takes us closer to our goal of becoming a leading gas producer in the fastest growing market in the world. The farm-down, the completion of the GSA and the FEEDs are on track to allow final investment decision within the next few months.
Posted at 11/10/2023 14:39 by lowsulpher1
Hi blueblood i agree 100% with you we need an update on something let it be GSA or Topaz to stop the share price from falling now below the last placing bloody Ridiculous whats goning on with this company share price.
Posted at 12/9/2023 08:43 by lazarus2010
Podium12 Sep '23 - 08:52 - 53310 of 53313
0 3 1
I'd just read that as a shoulder shrugging "what will be will be" comment from a couldn't care less CEO, whose money is made, and lifestyle funded by investors. Though he's surely milked it for all it's worth by now.

Podium, I don't think you understand how RNSs are written. He has to take legal advice on every word, this advice will be provided by our broker. They will basically tell him what he can/cannot/must write. One of the most important 'musts' is that he will need to caveat certain statements, and that is all he has done. a non-binding agreement clearly means that it might not lead to a final GSA and he has simply spelled that out.

With regards Tom, he may have been and be a FKWIT at times with his decisions, BUT nobody could ever say he couldn't care less! He has 88mln shares and I would like to think that he eats sleeps breathes (and surfs) EME at the moment and always has.

He isn't the CEO of multiple companies like Parsons over at CORO, so his sole focus in life is ensuring EME succeed.

Criticise him all you like on his ability as a CEO, but I think you're wrong to criticise his dedication and hard work at EME.

aimho dyor
Posted at 31/7/2023 14:01 by safiande
It is specifically covered in the CEO´s remarks namely:-

" The extended timeline has impacted the farm down process which we
now expect to progress during this quarter. "

It has always been clearly understood that the divestment would occur after the GSA signature and before the FID. The FID has slipped from mid to late 2023 so the delayed GSA has probably had a knock on effect. Lead time from FID to first gas on stream is 18 months so say mid 2025 or so for first sales to Singapore. EME´s portion of the GSA could be GBP276m if Mario´s figure of A$6bn is about right. Should bolster the share price at least in the short term subject to market forces. Main value will be in any partial or full sale of EME´s wi later in the year and of course via sales in 2025 if EME is still invested in the field at that time. Operations seem to be well advanced so far especially FEED, so FID is unlikely to slip further once divestment is agreed.
Main expenditure will be next year namely the mobile production unit, wells, pipeline to the WNTS etc.
The usual suspects here & on the tree huggers thread blame Conrad for the GSA delay, but the main impediment is probably the Indo gov. Their fiscal take is massive, about US$2.1bn, so they have a major vested interest in successful negotiations. This figure is only to the end of the current licence period in 2037, whereas economic production is forecast to continue albeit at lower rates until 2052.
Posted at 29/6/2023 12:56 by helpfull
Tickety Tock! Tock! Tock!Tock

One day to go! I'm all excited.

What is the share price chart expecting?

The share price has fallen out of the 0.78p-0.82p band of the cash raise. A death cross is in place:

free stock charts from

More worrying is that the Bollinger bands have tightened up drastically in the past week. A decisive move can be expected either up or down:

free stock charts from

The share price is testing the lower Bollie. The 0.6p-0.65p low might be about to be tested.

Alternatively, the GSA might appear after several years being AWOL.

Which do you think is likely to happen?

Be careful.
Posted at 20/6/2023 20:53 by dogs_bollocks
Sounds good, I think the buying pressure will take EME share price to 5.0 at least
Posted at 16/6/2023 01:37 by dogs_bollocks
#EME - GSA news could drop anytime now. Plus we know from interviews with ConradAsia that bids are due in this month to farm into the Mako licence. This could also mean EME divest their share as per last RNS update. Both catalysts for a major increase in share price. They might be a few bump ups before GSA and eventually share price of 5.0
Empyrean Energy share price data is direct from the London Stock Exchange

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