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EME Empyrean Energy Plc

0.0975
0.00 (0.00%)
13 Dec 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 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.0975 4,716,428 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.095 0.10 0.0975 0.0975 0.0975
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs USD USD -9.59M USD -0.0038 -0.26 2.49M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:27:53 O 1,000,000 0.0972 GBX

Empyrean Energy (EME) Latest News

Empyrean Energy (EME) Discussions and Chat

Empyrean Energy Forums and Chat

Date Time Title Posts
13/12/202423:19EME - Post Sale of Sugarloaf Asset56,820
12/12/202418:18EME have a potentially transformation 202515
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
2024-12-13 16:27:540.101,000,000972.00O
2024-12-13 15:12:500.1050,00048.60O
2024-12-13 12:49:290.102,500,0002,437.50O
2024-12-13 09:40:330.104,000,0004,000.00O
2024-12-13 09:40:010.104,000,0004,000.00O

Empyrean Energy (EME) Top Chat Posts

Top Posts
Posted at 13/12/2024 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 0.10p.
Empyrean Energy currently has 2,550,092,441 shares in issue. The market capitalisation of Empyrean Energy is £2,550,092.
Empyrean Energy has a price to earnings ratio (PE ratio) of -0.26.
This morning EME shares opened at 0.10p
Posted at 13/12/2024 09:07 by judijudi
When a share price due to miss management, greed, confetti dilution and poor project picking is so bombed out that it is virtually worthless then it’s either going bust or there will be some form of a recovery
I have little confidence in Wilson but I think Mako will be monetised at some time in the future
I’m hoping Nortrust are buying to force a divi through once the sale is complete
All in my opinion only
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 03/12/2024 15:52 by mrblobbythe2nd
One has to laugh about the mechanics of junior sector of the London Stock Exchange, a mechanism in value destruction ably supported by a team of crooks bashing the value out of every listed entity night and day for financial gain.

At current levels EME is valued at a pathetic £2.5m having just raised £1m net and still holds a 8.5% stake in the Mako Gas Field which is worth multiples of the aforementioned market valuation alone.

The new Cooper Basin project has a real chance of success, EME's 40% stake is valued at zero, there is no premium in the shares for this exciting project.

In all a real $hitshow, typical of London markets, hopefully there will be a swathe of City redundancies in due course, the spivs have rinsed every private investor for 4 years and are still at it.

One thing, when a junior like EME turns the price recovery will be hyperbolic.
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.
















2
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 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 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

Empyrean Energy Frequently Asked Questions (FAQ)

What is the current Empyrean Energy share price?
The current share price of Empyrean Energy is 0.0975p.
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 2.49 M.
What is the 1 year trading range for Empyrean Energy share price?
Empyrean Energy has traded in the range of 0.0975p to 0.75p during the past year.
What is the PE ratio of Empyrean Energy?
The price to earnings ratio of Empyrean Energy is -0.26.
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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