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EME Empyrean Energy Plc

0.125
0.00 (0.00%)
21 Nov 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
  0.00 0.00% 0.125 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
0.12 0.13
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs USD USD -9.59M USD -0.0074 -0.16 1.61M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.125 GBX

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Date Time Title Posts
21/11/202406:51EME - Post Sale of Sugarloaf Asset56,594
14/3/202418:17Empyrean Energy - EME - Charts and Info54
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
2024-11-20 15:31:350.121,000,0001,212.00O
2024-11-20 13:38:220.122,5003.03O
2024-11-20 13:02:010.132,3073.00O
2024-11-20 13:02:010.12200.02O
2024-11-20 13:02:010.131,3461.75O

Empyrean Energy (EME) Top Chat Posts

Top Posts
Posted at 20/11/2024 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 0.13p.
Empyrean Energy currently has 1,290,000,000 shares in issue. The market capitalisation of Empyrean Energy is £1,548,000.
Empyrean Energy has a price to earnings ratio (PE ratio) of -0.16.
This morning EME shares opened at -
Posted at 18/11/2024 15:28 by judijudi
What the CEO has done has got us to a share price of just 0.12 with over 2 billion shares in issue
Countless placings
And I’ve heard point 2 of that post more times than I care to remember!
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.
















2
Posted at 14/11/2024 19:47 by neilyb675
Looks like Nortrust don't necessarily go down the TR1 route, see 8/10/24 RNS.

"Empyrean Energy was notified on 7 October 2024 that Nortrust Nominees Limited now holds 58,000,000 ordinary shares in the Company, which represents approximately 4.53% of the issued share capital of the Company."

EME notified ....how by phone, email, fax, carrier pigeon, smoke signal, lol

There is no TR1.

Perhaps EME also know that Nortrust took part in placing, and will therefore adjust EME website with new shareholding when the vote is duly passed (as it will) and the actual new percentage is known.
Posted at 14/11/2024 18:41 by odillon
Mr B and Nelly - Nortrust are no longer listed as a significant shareholder on the EME website. So unless that is an error Nortrust must have notified EME that their holding is now below 3 per cent and (again if it is not a mistake) that is why they are no longer listed as a significant investor.

If they are no longer a significant investor EME can't wait to a time of their choosing to publicise this change. Companies have a legal obligation to publicise the full details of such a TR-1 notification they receive within the very tight time limits set out in the FCA handbook.

EME updated the AIM 26 form on the website on the 6th of November 2024. They updated it for a reason, and I'm assuming they updated it to make the change with regard to Nortrust.

That being the case they are late with publicising the details of the notification and they need to address this.
Posted at 14/11/2024 17:13 by mrblobbythe2nd
I take it that investors are aware that Nortrust acquires stock on behalf of either a client or clients.

If there had been a change in their position they (Nortrust) would be legally obliged to notify, the EME website is not updated on a day to day basis.

In the meantime it may be worth speculating on who may be behind the Nortrust nominee holding.

It might be worth considering that EME's market valuation sits multiples lower than their Mako stake could realise in the course of time, some entity with clout and time on their side may make an offer for the entire issued capital of EME, you may call it opportunistic.

Who took the bulk of the placing stock ??
Posted at 14/11/2024 12:31 by amont92051
The EME website Rule 26 info was updated 6th November.

EME RNS states Nortrust advised them of their holding on the 7th November.

So surely if Nortrust have not made a notifiable change either upwards or downwards since then, the only issue is EME have not updated the Rule 26 page to include Nortrust, and many companies are lax at updating their webpages.

Please correct me if I am mistaken.


EDIT: I stand corrected, I misread the date on the RNS which was 7th OCTOBER not November therefore the above is totally incorrect, ignore.
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"
Posted at 25/10/2024 06:58 by judijudi
I’m genuinely at a loss as to what the dead legs at EME have been doing since the Jade fiasco?
As far as I can see in the years following the Jade debacle they have amongst other things:

Arranged confetti placings to cover salaries
Lost (ahem) 2 million
All but lost (if not lost) Topaz
Been at the helm while the share price nose dived to all time lows
Sat twiddling their Thumbs waiting for Conrad to deliver
Anything else I’ve missed including anything remotely positive?
In my opinion only
Posted at 29/9/2024 04:53 by showme01
Removed your filter JJ as guessed you were responding to my post. These are absolute minimum figures with some assumptions , it could be a lot higher. Conrad need these figures as a minimum, they might be able to sell for a lot more. I was looking at a worst case scenario which I would have thought would appeal to you as all you do these days is knock EME. The company is where it is. Jade unfortunately was a game changer and we know what happened there. These funds, whatever they turn out to be, could be enough to get Topaz back on track and judging by the share price pre Jade drill could at least give people a chance to either sell out or at least get some money back. All you see is negatives. I’ve no time for TK but Gas clouds Gaz gives EME hope of something half decent imo
Posted at 20/9/2024 15:57 by safiande
The encouraging part of Nortrust´s purchase for EME´s management is that it is a one off maiden purchase by a private investment fund based in London rather than an incremental creep above the 3% threshold. The fund is well established as it was founded in June 1969. It is 100% owned by Northern Trust. Their purchase is a vote of confidence for EME imo as a number of investment trusts are not even allowed to invest in AIM companies especially AIM companies with low market caps such as EME.
They will have performed due diligence so it would be interesting to get hold of their risk profile on EME.
This could be regarded as a first toe in the water as there is a good chance imo that they will increase their investment by some margin depending on the forthcoming newsflow.
Empyrean Energy share price data is direct from the London Stock Exchange

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