onewayticket
14 Sep 2017
Re: leaky ship ? Seller cleared?Probably more likely on the "Wire Logging"Some were happy to pay 30p only a few days back.PatienceOwn due diligence
cassash
14 Sep 2017
leaky ship ? leaky sheep sp reversal ?
onewayticket
14 Sep 2017
Re: time to buy RockingRollingJames Knights got zero left as of the 11/09 RNS."Empyrean was notified on 11 September 2017 that Mr James Kight no longer holds a notifiable interest in the Company."I think given he probably sold up too early as the journey is only commencingYou probably got your entry price though so never mind.Own due diligence
onewayticket
14 Sep 2017
From yesterdays RNS 13 September 2017Empyrean Energy PLC ("Empyrean" or the "Company"
Further significant Gas Shows at Dempsey· Drilled through additional significant gas shows before reaching target Total Depth· Conditioning the hole for wireline logging at Total Depth of 2,970 m (~9750 feet)· Dempsey is testing the largest undrilled structure in northeastern Sacramento BasinYet acting like it had hit a duster and with a virtual 35% fall from its highs. Games being played to displace from the PI to the II.I have to agree with opulentia - close to 1TCF and it should go ballistic again. "additional significant gas shows" is what it says.China is Chapter 2 of the present story.Own due diligence.
onewayticket
14 Sep 2017
Re: time to buy Likely certain fund selling it short to buy in.2 consecutive good pieces of news. The second being valued at -ve moneyKeep it coming though as I've got some spare cashflow.Own due diligence
RockingRolling
14 Sep 2017
Re: time to buy Still volatile. Likely big seller (rns: james kight/knight) holding sp back. Should be over soon - am keeping powder dry for a bit longer.
cassash
14 Sep 2017
time to buy good time to buy back in,retrace complete
onewayticket
13 Sep 2017
Re: Malcy and very appealing again. Make no mistake about it Malcy is actually a very shrewd and wily old fox who is engaged with Investment fund that does well out of investing in Oil and Gas stocks. He taps the company for information as a journalist / blogger but if its liked then you can bet your bottom dollar that the firm gets told and invests. he then repeatedly mentions the stock and publicises it in his blog and normally to good effect..He made the same comments on UKOG even though the company had not spoken to him and it stalled and retraced but there has simply been massive traded volume ever since and an increased share price. I know what I think happened there and faced with ULOGs RNS even a blindfolded bat would know the significance of what was being said. As you are selling just be mindful that others may be buying.One minute 31p and steady buying from 28p and upwards. 1 day later 21p.The news from China in particular has in my view been underplayed by Malcy.Don't be surprised if it regains lost ground.Own due diligence
Seagull2
13 Sep 2017
Re: Malcy Looks like Malcy may have dropped another clanger! Fliipin hate that guy, lost my shirt with his suggestion re Aminex, he just jumps on bandwagon as wheels about to come off ! All imho
forwardloop
13 Sep 2017
Malcy [link] EnergyIn the last few weeks I have written a lot about Empyrean Energy (EME) after a conference call with Tom Kelly in which I updated myself about the new assets he has brought into the company.It has turned out to be a smart if fortuitous move as the news from their Dempsey well has been coming thick and fast.Today, they have announced that the well has reached TD at 9,750', which is very close to the original thought of it being around 10,000′. Accordingly, they have completed drilling after intersecting two further zones of 'high' gas shows.Wireline logs will now be run to fully evaluate these gas shows and reservoirs, after which a more detailed and accurate picture of the prospectivity of the well will be proven.Yesterday, I was fortunate to meet up with Tom Kelly along with fellow directors Gaz Bisht and Frank Brophy, both key to the development of EME.It has become clear that the Dempsey well has encountered enough gas to 'at least pay for this well' and if the wireline logging evaluation is as it seems may confirm the pre-well hopes of 1 TCF of gas.Indeed, it seems that the deeper zone may alone contain 100-300 BCF and, therefore, only two zones may be tested. The shallower zones on the way down supported ongoing drilling, but will now be left 'for another time' and the larger, deeper targets opened up.With the infrastructure almost on the doorstep, the gas metering station is literally 40 million away and accordingly payback on this well will be remarkably short. Indeed, the company expect cash flow 'within weeks' of testing.There are a number of Dempsey lookalikes (3) which are also cretaceous plays and I expect the company along with the operator to start drilling these soon.Equally, if not more exciting, is the Alvares prospect (EME 25%) which is away from the lookalikes and is a separate and bigger accumulation and has a target of 2 TCF and already has logged gas shows.The operator may put a small workover rig onto Alvares just to test and see that the casing is satisfactory but then will be drilled in this programme.Further good news is that gas prices here are very strong and they will receive a premium of 20% to Henry Hub, which further improves the economics of the area of mutual interest.So, what to expect next, depending on the wireline logs and the setting of the cement it shouldnt be long before some more definitive numbers can be attributed to Dempsey and we can put a firmer valuation on the well.If that is as big as recently envisaged then the share price rise in the last few days will be more than justified. Indeed, I see considerable upside depending on the lookalikes and Alvares.It should not be forgotten that Dempsey is only a part of the portfolio, Indonesia and China are already both showing very decent promise.The Mako South -1 well results exceeded pre-drill expectations and is a very large structure with permeability and flowability both excellent.Hoping for 50 Milli-Darcy's the company instead got multi-Darcy's and the flow rate will be significantly exceeded on production.The operator here is already looking to a development plan and the authorities, occasionally slow movers in this area, are keen to get under way as there is a shortage of gas in the area.In China they have recently announced a third prospect after 2D seismic and have run 3D after which raw data processing are now looking very interesting indeed.The three prospects in Jade, Pearl and Topaz have significant trap sizes for such a small company and should the new data prove to be accurate, then this basin will add a lot more value to EME.The shares have risen substantially in recent weeks and stopped at around 23.75p today. Investors will be weighing up whether that is high enough and waiting for confirmation of the wireline logs, should t
HPC Follower
13 Sep 2017
Re: Thank you Mr Kelly It worries me that there was no mention of any depth (distance) they got gas shows... if they got continuous shows whilst passing through, say, 100 feet of sands, I would have thought they would say so... a few shows isn't a lot if these were infrequent and failed to push through the mud - so low pressure perhaps?The wire-line logs will tell the story, but volumes could be lower than hoped.
cassash
13 Sep 2017
sell on news time to lock in those profits well done all
opulentia
13 Sep 2017
Re: sell on news think i,ll wait a little longer, lets see what we have first, wirelogs in a few days, GLA LTH if its near 1TCF this will go ballstic. if its half that then we are where we are presently
Seagull2
12 Sep 2017
Re: Thank you Mr Kelly Last update re gas shows 8th for gas shows up to 7th and they have been making announcements pretty much every other day, think drill bit change may be reason for no announcements re gas shows since then but not sure if that was done before 7th or not. If was done before 7th and no announcements since may be sacgasco rns overnight or next couple of nights.Seagull
Seagull2
12 Sep 2017
Re: Thank you Mr Kelly what got me is stated 4 significant gas shows at shallower depths but only covers costs of drill! that to me isn't significant. If they don't get mega gas when do the wirelogging then going to be an awful lot of Pi's very dissapointed. However, at least EMe has China and indonesia to fall back on also, unlike sacgascoWill be a roller coasterfor next week and a half, and really hope those brave enough reap significant rewards. My banker now is SolgoldSeagull
