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London South East Natural Resources Webcast


Empyrean Share Chat (EME)



Share Price: 12.90Bid: 12.50Ask: 13.30Change: 0.00 (0.00%)No Movement on Empyrean
Spread: 0.80Spread as %: 6.40%Open: 13.15High: 13.15Low: 12.90Yesterday’s Close: 12.90


Share Discussion for Empyrean


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bigspike
Posts: 342
Off Topic
Opinion:No Opinion
Price:12.90
Aimo
Sat 21:30
I wonder if the equipment they were waiting for has arrived yet? Malcy said they needed to kill the well. I think this is why they tested the kione first, Zone 4 will be higher pressure so killing the zone 4 would be more difficult.

So imo the plan is to flow zone 2 & 3 through the lower completion and zone 4 and the kione through the upper completion. The next rns will give the combined flow rate and a plan on how they intend to optimise Dempsey through stimulation. Dempsey is not the average well, in fact the first for the region, so GJ get yer finger out and put that permit. Potential still remains here to open up a new play so ffs prove the well up and get a move on.
 
didso
Posts: 54
Observation
Opinion:No Opinion
Price:12.90
RE:Hold this SP.
Sat 11:10
I think all the comments to date on SGC and GJ ref Dempsey really do encompass the total knob that GJ is in his actions on this field. Mooncheese your comments are spot on. He is using our money to fund his back to front theories with no thought to holding up the share values of both SGC and EME. The continued refusal to give positive info or even any info is playing havoc with our share price and any recovery is starting from a very low base instead of a 20-25p range. Gazza we could take a civil action against GJ for unduly influencing the share price with inflated estimates and predictions of Dempsey`s value! I think we all know that we can only wait and see. Not a pleasant situation but don`t think I personally have any choice with a large paper loss looking at me. GLA.
Gazza4563
Posts: 1,016
Off Topic
Opinion:No Opinion
Price:12.90
RE: Hold this SP.
Fri 19:01
If GJ of SGC reports non commercial I say we sue his arse for being an incompetent pleb. That will hold up under common law won’t it? :-)
Mooncheese
Posts: 1,852
Off Topic
Opinion:No Opinion
Price:12.90
RE: Hold this SP.
Fri 17:36
BigBear, at first I thought you were being harsh, but as every day of waiting goes by I agree with you more and more. Besides wasting 3 months on testing the bottom levels on the erroneous basis that we couldn't first by-pass them and then go back later to test them, we were, and still are being given the constant message that information can't be given to the market as it would put us at a competitive disadvantage in acquiring leases - but still no evidence has been provided of SGC acquiring any further leases (and are those additional leases of benefit to EME anyway?). The testing of the well will soon have its first birthday. So somewhat unimpressed here.
Hopefully we will get news from Raven next week on further corporate action, and too, maybe the Tulainyo read across - but that's a poor substitute for the real news from Dempsey we all have been waiting for, for far too long now.
Anyway, that's Friday's griping done. Sun's out - so let's make the most of it. Have a good weekend all.
Gazza4563
Posts: 1,016
Off Topic
Opinion:No Opinion
Price:12.90
View Thread (2)
RE: Hold this SP.
Fri 14:55
KOE

TK has fresh money he sold his shares in the other company he is the CEO of.

It’s alright for us financing GJ and his backwards theories. When is he gonna finance us.

We are not here to sponsor SGC at all,

Call themselves operators, more like bloody labourers

All IMHO of course
BigBear2
Posts: 4,591
Premium Chat Member
Observation
Opinion:No Opinion
Price:13.00
View Thread (4)
RE: Hold this SP.
Fri 13:46
Didso my issue with GJ is he has done nothing to protect shareholder value. SGC just placed @ 5c, which is an absolute total joke, considering it was hovering around 20c for a while.

He stated he had to test bottom up (with the most risk first)
What have we just done - tested a field level reservoir at commercial rates.
if he had one this whilst sentiment was high I would estimate SGC would be nearer to 30c than to and likewise 30p or so here...

So yes it may (hopefully) come good, but with the inept management of the drill he has us starting at pre-drill levels here 10-13p range, which considering he was spouting off about a world class discovery is a joke.

Personally I think they will squeeze out a commercial rate from comingled zones, which should at least put a floor under the price and hopefully give some upward momentum.
Mcfirth
Posts: 8,044
Off Topic
Opinion:No Opinion
Price:13.00
RE: Hold this SP.
Fri 13:42
Sorry my last should have gone on the Cradle Arc site ....
Sorry for error and any confusion
KingofEngland
Posts: 362
Off Topic
Opinion:No Opinion
Price:13.00
RE: Hold this SP.
Fri 12:50
Didso, it’s inevitable it will drop off a bit and I don’t think we will see a sustained rise until either good news from Dempsey or updates on China and Indo. The reason (imo) the price has risen slightly is we have the Dempsey gamblers back in, if the results are less than positive they will be out again and we will be trading in the mid 10’s once again until China update, with oil at $80pb currently this is where the money is and this is the reason I invested, I guess most too! Gas is a bonus here, to play the devils adovate this won’t be a company maker or breaker, yes be a great positive if it comes back a gusher but the worst that can happen is it doesn’t and we drop back to mid tens until new money is pumped in with the real ease of the JV in China, we need fresh money, at the moment it’s just been recycled!
Jrlomax
Posts: 1,232
Off Topic
Opinion:No Opinion
Price:13.00
RE: Hold this SP.
Fri 12:48
It’s alright dragging your heels being jack the lad with other people’s money.
Mcfirth
Posts: 8,044
Off Topic
Opinion:Strong Buy
Price:13.00
RE: Hold this SP.
Fri 11:25
Hi didso
My own view is that we are due some ( at least ) quartet results very soon
And if you look back at interviews you
Will see that the company is well in profit from the current price of the metal
Those who wait will be rewarded all my opinion of course but just look at the Numbers ... they speak for themselves :)
very Strong Buy




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