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EME Empyrean Energy Plc

0.15
0.0075 (5.26%)
14 Feb 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
  0.0075 5.26% 0.15 70,847,772 14:31:44
Bid Price Offer Price High Price Low Price Open Price
0.145 0.155 0.15 0.1425 0.1425
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs USD USD -9.59M USD -0.0038 -0.39 3.63M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:19:21 O 3,116,036 0.15335 GBX

Empyrean Energy (EME) Latest News

Empyrean Energy (EME) Discussions and Chat

Empyrean Energy Forums and Chat

Date Time Title Posts
14/2/202516:32EME - Post Sale of Sugarloaf Asset58,086
13/2/202512:51EME have a potentially transformation 2025121
14/3/202418:17Empyrean Energy - EME - Charts and Info54
13/6/202312:24Empyrean Energy22,263
22/11/202214:05Empyrean energy -

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Empyrean Energy (EME) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:19:220.153,116,0364,778.44O
16:19:180.156,0979.36O
16:18:120.15651,890999.67O
15:54:310.151,144,6381,692.92O
15:53:160.152,105,5903,114.17O

Empyrean Energy (EME) Top Chat Posts

Top Posts
Posted at 14/2/2025 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 0.14p.
Empyrean Energy currently has 2,550,092,441 shares in issue. The market capitalisation of Empyrean Energy is £3,825,139.
Empyrean Energy has a price to earnings ratio (PE ratio) of -0.39.
This morning EME shares opened at 0.14p
Posted at 10/2/2025 16:00 by bluehooperman
For anyone trying to calculate the potential market capital on the two current prospects.Wilson Drill...Low case scenario (8.7MMBOE) - 50% recovery factor/$44.80 gross profit per barrel (based upon Bass Oil Worrior & Padula field - Cooper Basin.NAV - 10 year field span/10% DCF/40% share to EME = $47.9m NAV - £0.0119pMean case scenario - (21.3MMBOE) - 50% recovery factor/$44.80 gross profit per barrel (based upon Bass Oil Worrior & Padula field - Cooper Basin.NAV - 10 year field span/10% DCF/40% share to EME = $92.6m NAV - £0.0231pMako....NPV10 of US$49m (Sept 22 RNS)£0.0121pBuyer willing to pay say 50% of that value - £0.0062pSo Wilson low case £0.0119p + Mako £0.0062p = £0.0181pAnd today we are at £0.00155p!!Thats 12x value compared to today..........So Wilson mean case £0.0231p + Mako £0.0062p = £0.0293pAnd today we are at £0.00155p!!Thats 19x value compared to today. Significantly undervalued at todays price. The known for me is that Mako sell down of EME stake is just around the corner. Conrad have confirmed - "in advanced exclusive discussions with a partner for Mako." News could land anytime. Wilson Project is progressing well and the company are keeping the market upto date. Next news due here - 1. Pre-drill surveys 2. Drill contract finalised 3. Drill pad construction 4. JV farm in agreement.
Posted at 10/2/2025 13:49 by blakieboy7
He'd be boring her about the EME share price no doubt!!
Posted at 04/2/2025 15:07 by mrblobbythe2nd
Remember the bashers were saying this would not rise above .10p recently, anyone who was foolish enough to believe them lost a near 70% gain over recent sessions.

The share price will continue to rise, more news is imminent, expect to see .30p ahead of the Wilson spud in March, if the well is a success then .45p+ is easily attainable.

It's a buy !
Posted at 29/1/2025 19:55 by judijudi
FFS
Give it a rest Woofter
It’s like having an annoying fly buzzing around

But OK let’s give you some air time and chance and hear what you think about EME instead of one paragraph posts stalking me

For starters tell us what you think about our management performance to date:
Our project picking
Glantal
Eagle
Riverbend, our time with Marathon, the Sacramento debacle and the SCS project
Oh and the (ahem) missing 2 million, the pre Jade build up and the 16 days we hit home before the RNs’d projected time and the sell off just before the duster was announced
The wages our management are on, TK dealing with himself on behalf of all shareholders, losing Topaz and the 12 million claim against us and a share price struggling to hold just 1/10th of a single Penny!
That should keep you going for a while instead of the pathetic one liners attacking me!
imho
Posted at 26/1/2025 13:49 by bitcoin tosser
I take it any new bulls or stale bulls will have properly read and understood the interim results from EME (18/12/24), a few snippets copied here:

On August 2024 Empyrean has received a letter of demand from CNOOC alleging that Empyrean has outstanding obligations under the PSC. The Company disputes the letter and is endeavouring to settle the matter amicably under the dispute resolution clauses provided for in the PSC.

On 24 August 2024, the Company received a letter of demand from CNOOC's lawyers, King Wood & Mallesons, in relation to Block 29/11. The letter of demand alleges, inter alia, that Empyrean has outstanding obligations under the relevant Petroleum Contract entered into with CNOOC and that Empyrean has failed to pay certain amounts that CNOOC consider due and payable under the Petroleum Contract relating to the prospecting fee and exploration work. The Company rejects the outstanding amounts claimed, which total $12m, and has responded to the letter of demand requesting clarification of the basis for the demands made in the letter. At this time, it is too early for the Company to form any opinion on the merits of any demands made therein and the Company intends to continue dialogue with CNOOC and, in line with the provisions of the Petroleum Contract, to settle amicably through consultation any dispute arising in connection with the performance or interpretation of any provision of the Petroleum Contract. However, it is acknowledged that, in the event that the amounts claimed are called, further funding would be required, over and above that required to meet the day to day cash demand of the business for the foreseeable future.

However, in order to meet the repayment terms of the Convertible Note (which was renegotiated in 2023), any further commitments at the Mako Gas Field, any potential further costs of cooperation on Block 29/11, any potential amounts payable to CNOOC that may crystalise and working capital requirements the Company is required to raise further funding either through equity or the sale of assets and as at the date of this report the necessary funds are not in place.

The Company therefore requires additional funding to fund the ongoing cash needs of the business for the foreseeable future and may require further funding should it be required to settle amounts claimed by CNOOC. The Directors acknowledge that this funding is not guaranteed. These conditions indicate that there is a material uncertainty which may cast significant doubt over the Company's ability to continue as a going concern and, therefore, the Company may be unable to realise its assets and discharge its liabilities in the normal course of business.

Given the above and the Company's proven track record of raising equity funds and advanced Mako sell-down process, which the Directors believe would be sufficient to meet all possible funding needs as set out above, the Directors have therefore concluded that it is appropriate to prepare the Company's financial statements on a going concern basis and they have therefore prepared the financial statements on a going concern basis.

My Summary:

Anyone buying into EME must realise that Wilson is like a last chance saloon. They need a success or for the sale process to come to a conclusion, OR....there will be another very significant fund raising. The last fund raising was a doubling of shares.

Buyer beware.
Posted at 23/1/2025 07:19 by neilyb675
The Option allows Empyrean to earn a minimum 40 per cent. Working Interest in the permit by paying two-thirds of the gross cost of drilling an exploration well at the Wilson River prospect, estimated at approximately AUD$2.8m (gross). Apnea previously entered a binding agreement to jointly fund the drilling of the Wilson River 1 well with Condor Energy Services Limited ("Condor Energy"), an experienced Australian based well services and drilling company with recent drilling contracts completed nearby in the Cooper Basin. Empyrean and Condor Energy will become Joint Venture partners with the current leaseholder of ATP1173, Chi Oil and Gas Pty Ltd ("Chi Oil"), and will earn into the project by funding the Wilson River 1 well. Under the agreement, Condor Energy will fund the balance of costs to drill the Wilson River 1 well. Chi Oil and Empyrean have negotiated a competitive fixed price agreement with Condor Energy to drill and test the well based on an Authority For Expenditure ("AFE") that formed part of the binding agreement to jointly fund the Wilson River 1 well. Chi Oil and Empyrean are currently finalising the drilling contract with Condor Energy along with a definitive Farm In Agreement and Joint Operating Agreement.
Posted at 14/1/2025 09:49 by neilyb675
From NMBOOTH on LSE:

"I now have a very strong feeling --- no proof,,, just a hunch, that TK and the BOD after having " milked the cow"

have absolutely no intention of upholding shareholder value .

Even to get to its average lowest prices over the past 5 years the share price would her to go up by a massive percentage --- this is unlikely.

My guess is that TK and the BOD will let the share pice drift even further and then make a bid to take this private.

Then at this stage they will work properly on deals that they should have finalised --- but, thus far, have not ......and then extract full value and cash in.

Just a theory -- any comments welcome !!!!!

My 3 million + shares are worth less the price of an average decent cycle bike ...."
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.
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 0.15p
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 3.63M
What is the 1 year trading range for Empyrean Energy share price?
Empyrean Energy has traded in the range of 0.0725p to 0.728p during the past year
What is the PE ratio of Empyrean Energy?
The price to earnings ratio of Empyrean Energy is -0.39
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 1ST FLOOR, YARNWICKE, 119-121 CANNON STREET, LONDON, EC4N 5AT
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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