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Started: Augustus_, 29 Apr 2024 03:25
Last post: rpg7, 10 May 2024 15:19
Better let the bod know then.
Quarterly update, strong progress within the quarter towards GSA, aiming for end of May at latest.
Started: VacationFund, 28 Mar 2024 08:17
Last post: NMBOOTH, 28 Apr 2024 19:27
Well, if anyone is feeling sorry for themselves ... just have a look at Bens creek
I held that share at its peak and did not sell until it went down from 100 to 15
its now 0.35 --- so I still got nailed but it could have been worse.
I held EME at its recent peak of over 2 years ago and till have over 3M Shares.
so I am feeling bruised and I have been an idiot.
But -- my concern now is the the BOD will do what the BOD of Bens creek did and so I wonder if they are purposefully wanting this low share pRice ??? then they will collapse the Company and all do really well with their hidden deals.
They certainly do not appear to be delivering on their duties to Sharholders and TK is protected by other mechanisms - he will profit somehow???
When are this 'bad joke' bod going to actually do something for the shareholders?
Be very wary of buying or topping up. Over the last two years 95 companies out of 738 listed on the AIM have gone out of business. For those that can’t get their heads around that it means you lose all your £££’s, just saying.
Probably just foreskin.
And hopefully the RNS today is a good sign too - skin in the game!
Started: digger2667, 28 Mar 2024 00:30
Last post: Augustus_, 28 Mar 2024 01:21
Looks like a good Q2 coming up
Just got this email
Just got this email
Mako Gas Sale Key Terms Signed with PGN
Highlights
Conrad Asia Energy Ltd (ASX: CRD) (the “Company” or “Conrad”), an ASX-listed Asia-focused natural gas exploration and development company, is pleased to announce that it has entered into binding Key Terms for the sale and purchase of the domestic portion of Mako gas (“Key Terms”) with PT Perusahaan Gas Negara Tbk (“PGN”), the gas subsidiary of PT Pertamina (Persero), the national oil company of Indonesia. Under these binding Key Terms, Conrad and PGN will agree in good faith and sign a fully termed Gas Sales Agreement for the domestic portion of the gas produced from the Mako field (“GSA”) located in the Duyung Production Sharing Contract (“PSC”) in the West Natuna Sea, offshore Indonesia.
On 27 March 2024, Conrad and PGN entered into binding Key Terms thereby committing to agree and to sign a GSA for the domestic portion of the gas produced from the Mako field.
Under the Key Terms, the parties will conclude negotiations for and agree in good faith a GSA that will include and be based upon the Key Terms. The parties shall endeavor to sign such GSA by no later than 31 May 2024.
This GSA will be subject to the construction of the pipeline connecting the West Natuna Transportation System (“WNTS”) with the domestic gas market in Batam. It forms part of Conrad’s Domestic Market Obligation (“DMO”) as set out in the Mako’s revised Plan of Development (“POD”). The sales volumes under this GSA will represent approximately 29.5% of Mako sales gas volumes until the PSC expires in January 2037.
The remainder of the Mako sales gas volumes will be sold to Singapore where a term sheet was signed in 3Q 20232 and Conrad is moving towards finalising a GSA over the coming months.
These Key Terms are an important step towards the Mako development final investment decision (“FID”) planned by midyear 2024.
Conrad Managing Director and Chief Executive Officer, Miltos Xynogalas, commented: Conrad has been working closely with PGN for the commercialisation of Mako gas. These Key Terms are a very important milestone paving the way for a fully termed gas sales agreement and brings the company a step closer to the FID for the Mako development. This agreement, combined with Conrad’s recent signing of a Memorandum of Understanding for its Aceh gas resources also with PGN, will further advance the Government of Indonesia’s ambition to meet the fast-growing energy needs of the country.
You can ask the same of any company on AIM Gary
In answer to your question on 20 March Gazza ... obviously not.
Anyone investing here has SERIOUSLY got to ask themselves can I afford to lose all of my investment because it's a distinct possibility ... AIM = Gambling.
Dodgy crossing !!
Does someone know something we dont. Both buys
20-Mar-24 10:48:30 0.607 14,000,000 Unknown* 0.518 0.632 84.98k
20-Mar-24 10:48:15 0.60 14,000,000 Unknown* 0.518 0.632 84.00k
A simple division taking your numbers is around $72 million pa. of P2 reserves. In my opinion this asset will be sold off by the bod to continue their successful drilling campaign (lol) .
Started: Ilovesushi, 23 Feb 2024 09:14
Last post: Gary59, 2 Mar 2024 17:06
Beware of blatant rappers eh Sushi?
This is no more than a speculative AIM share, any buyer is simply having a punt, a guess as to a future profit, no more, no less.
Only way now is up. Gosh how much is out stake worth and how much will someone pay for it? The company is going to get a lot of cash at some point. Just how much is the question. STRONG BUY
Started: MSA, 1 Mar 2024 12:43
Last post: MSA, 1 Mar 2024 12:43
Started: MSA, 1 Mar 2024 12:37
Last post: MSA, 1 Mar 2024 12:37
CONRAD ASIA ENERGY, PGN TEAM UP TO DEVELOP ACEH GAS RESOURCES
Mar 1, 2024 9:30:am
SUMMARY
Under the MoU, Conrad and PGN will cooperate in the provision of gas or LNG supply and jointly explore the commercialisation of gas resources in the shallow-water discoveries within the Aceh PSCs.
BY: SHARDUL SHARMA
Conrad Asia Energy, an Australia-listed energy company, has entered into a Memorandum of Understanding (MoU) with Perusahaan Gas Negara (PGN), the gas subsidiary of Indonesia's state-o.
Started: MSA, 28 Feb 2024 14:44
Last post: THEGURU2, 29 Feb 2024 08:35
How much debt does Coro have…..?
You haven't got a clue and obviously haven't done your research on either company.
Empyrean energy 8.5%
7 million MC
Coro Energy 15% - ALMOST DOUBLE THE PERCENT INTEREST OF EMPYREAN ENERGY
5.7 Million MC
BIG RERATE COMING
Started: MSA, 28 Feb 2024 14:44
Last post: MSA, 28 Feb 2024 14:44
Coro Energy plc’s equity essentially a leveraged play on commodity prices
(Duyung NPV10 US$87M - net to Coro at USD80/bbl)
15% Interest in Duyung PSC containing
Mako Gas field in Indonesia; 437 Bcf
discovered gas resource (gross) with
recently signed GSA heads
Revenue producing 3MW Vietnamese
rooftop Solar portfolio with 50MW
construction programme underway
Four 100MW onshore Solar and wind
projects in Philippines (development
stage) with recent permitting progress
Empyrean energy 8.5%
7 million MC
Coro Energy 15% - ALMOST DOUBLE THE PERCENT INTEREST OF EMPYREAN ENERGY
5.7 Million MC
BIG RERATE COMING
Participating stake in the Duyung PSC, (Singapore).
Interest below
Conrad Asia Energy 76.5%
Empyrean energy 8.5%
Coro Energy 15%
Https://www.share-talk.com/traders-cafe-with-zak-mir-the-week-in-small-caps-sunday-25th-february-2024/
If we are truly in a nascent bull market, as tentatively suggested last year, we should find small cap stocks that have been chronic performers to come back to life. For this to happen we need the return of liquidity, but we also need companies to deliver the correct newsflow. In the case of Empyrean Energy (EME), shares this week were up a third as the company announced the approval of gas pricing and allocation by the Minister for Energy and Natural Resources. This clears the path for definitive binding gas sales agreement (GSA) to be completed. With this support from the Indonesian Government, the GSA is now closer. Having the major terms settled and ministerial approval are very important milestones for EME. Best of all this significantly reduces uncertainty for any potential JV partner or buyer. Indeed, Mako gas is expected to play a significant role in lifting Indonesia’s gas production. It is in turn set to be transformational for EME, and given that the shares were more than double where they are now at 0.62p this time last year, before the big thumbs up from the Minister, we should see the shares re-rate much further.
Started: Ilovesushi, 23 Feb 2024 09:11
Last post: Ilovesushi, 23 Feb 2024 09:11
Now how much is 8.5% stake worth in Mako? Certainly many multiples of the current share price. STRONG BUY GUYS.
Started: clogs, 23 Feb 2024 07:58
Last post: Gazza4563, 23 Feb 2024 08:31
Pump and dump my ass
Another milestone approval in the advancing towards GSA signature and equity sell down of the licence.
Whilst slow and somewhat frustrating boxes being ticked. This is of major significance to bringing the project on stream.
Up 42% sadly a pump & dump is probs ly on the cards, fingers crossed it can hold onto some of the gains & build from there
Excellent news.
Started: Jasper13, 13 Feb 2024 13:43
Last post: rpg7, 16 Feb 2024 09:02
A potential quarter ------good luck with that one.
Rpg7 even a QUARTER of this will do
The 266m refers to POTENTIAL sales, need to remove development costs. repayment of current debts and what a company will actually pay for it.to get a realistic value for this company. Good luck with multiples of current sp. .
From 2 May 23 RNS - sales worth to EME $266m
Empyrean Energy plc (EME: AIM), the oil and gas development company with interests in China, Indonesia and the United States, is pleased to provide an update on the Mako gas field development within the Duyung PSC ("Mako"), following information provided on 1 May in the quarterly report of Conrad Asia Energy Ltd, Operator of the Mako gas field ('Conrad").
Highlights
· Negotiation of key terms of the Mako gas sales agreement between a Singaporean buyer and the Indonesian regulator
(SKKMigas) are expected to be finalised during the second quarter, with Mako being a key strategic gas asset for both
countries.
· The Mako gas field is the largest undeveloped and fully appraised gas field in the West Natuna Basin. Gas is exported
from the basin by pipeline to Singapore. The competent person's report commissioned as part of Conrad's IPO late last
year estimated that Mako would generate gas sales of US$2.4 billion net to Conrad's 76.5% interest (~equivalent to
US$266m net to Empyrean).
· Conrad has engaged a global investment bank with a proven track record in similar transactions to lead a farm-down
process for the divestment of a portion of its interest in the Duyung Production Sharing Contract ("PSC"). Bids are
expected to be received during the second quarter and the industry response to date has been encouraging.
· Empyrean, which holds an 8.5% interest in the Duyung PSC, and through certain drag along/ tag along clauses that exist
in the Duyung Joint Operating Agreement will participate pro rata in the farm-down process. Empyrean has
communicated to Conrad and the global investment bank that it will also entertain bids for its entire 8.5% interest.
Its in a RNS
Have a read through them
Started: CityWatcher, 14 Feb 2024 13:00
Last post: CityWatcher, 14 Feb 2024 13:00
They were cheap considering their positive news yesterday. Wish I had been working at home and seen the drop.
Started: Jasper13, 13 Feb 2024 10:59
Last post: iParsnip, 13 Feb 2024 13:36
Great rise............Ooh but i am still 85% down!
Comment from todays RNS:
"Whilst this has taken longer than anyone envisaged, we are delighted with the improved pricing formula for gas sales which should have positive implications for the Duyung PSC/ Mako sell-down efforts."
What will this have done to any take out price for the whole licence? Only a matter of time now until we know. At todays share price plenty of room for upside.
Yes and price is now 0.44p
0.25 placing
Whilst never welcome by most, todays discounted placing has not had the normal drop to placing price. In fact on the contrary we are seeing buyers above the placing place. Whilst its been a slow burn on monetising Mako it does now appear that Conrad are moving towards final GSA signing and sell down of some of the licence. This will bode well for EME who will receive a cash injection to fund the drilling of Topaz.
Not short selling -never done that .Do not like being fed BS by overpaid clowns .
Borrow against the Mako which is worth 7p a share per annum.
It seems you maybe short selling this share, otherwise why be so negative?
Started: Cas5, 31 Jan 2024 21:28
Last post: rpg7, 1 Feb 2024 09:14
Who is going to finance this project ,they are already up to their eyeballs,. What happens to the price when people are desperate to sell something ?
I calculate EME 8.5% share less 8.5% of costs, is worth $500m over the first 7 years calculated at $2 a therm. If that is not the wholesale price then you can recalculate to whatever it is.
Started: Rock200, 31 Jan 2024 12:05
Last post: rpg7, 31 Jan 2024 18:21
Good luck with your trading mate you will need it with this shower. Will be interesting to see whats left after the ever accumulating debt and the fire sale .100mil lol.
Nice 2000000 buy listed as a sell, at least some of us thinks this share has still got legs
From what I have read regarding this RNS today, it’s all about getting value for money, the RNS is in fact a positive in my opinion and the share price in EME rather than going down should of went up, the only negative it has r delayed the production schedule.
EME MAKO 8.5 % share of the gas output, is it really worth 100M dollars?
I am led to believe that EME 8.5% holding of the Mako gas project, Duyung PSC within Indonesia is estimated to be worth in the region of 100$, so if they can sell it, it drawfs there present value of 3.4m, got to be a good reason to hold on to this share and hopefully reap the huge rewards one day soon
Started: bunsenburner123, 18 Dec 2023 19:17
Last post: iParsnip, 31 Jan 2024 07:36
Can't wait for today's SP
Think the bod need to support the share price ie. resign!
Happy new year to all the long suffering investors .You never know a miracle could occur and we might salvage some of our investment. Hope the bod gets what they truly deserve .
Sp over 10% rise today --has the bod resigned?
Surprised SP didn’t tank on those results. Says they need to raise funds. Avoid
Started: Kabaa, 18 Dec 2023 11:50
Last post: Troajan, 18 Dec 2023 18:51
Perseverance-'The continued effort to do or achieve something despite difficulties of failure ,or opposition.
Well they certainly achieved failure and i'm opposed to the amount of remuneration they get.
Opinions vary
just no more f00k ups in china
Blimey! That must be massive interest rolling up on the debt.
The shares here must be worthless. They would surely need to raise quite a lot of money to keep this going and can't see that happening.
Lights out soon I suspect.
Last post: daytrader2, 14 Dec 2023 09:49
I see the boy blunders mate got sent down for 5 years in Oz ..
I wonder if companies house is working on a Christmas present for the BOD
Wonder which one is the Christmas Turkey this year, once again spoilt for choice.
Wonder who will be funding their Xmas party? There will be plenty of donkeys to pin the tail on . One thing that won't be there though, will be any wise men.
Oi Tommy boy. Where is the money ??? The two million knicker that went postal cumon son give it back
Another week of sweet FA, and no sweat from the bod, the only thing going up is the loan interest .
Think the 7% drop gives you a clue.
What’s with the 4 x 2 million buys- have I missed something
Started: Ilovesushi, 27 Oct 2023 16:19
Last post: rpg7, 27 Oct 2023 18:09
Certainly could not be many divisions of the current sp
Could be many multiples of current share price.
Doubt it would have been the bod, they are too lethargic ,bereft of original thought and dim in my opinion.
I’ve got a lawyer mate at Companies House he reckons the majority of these types of glitches!! Are inside jobs
So. Did we ever figure out who pinched the $2mm
All silent these days. Very dodgy.
Flush twice ,, it’s a long way to Perth
Why would you buy, these are surely dead in the water.
Started: Ilovesushi, 27 Sep 2023 09:58
Last post: rpg7, 1 Oct 2023 20:03
Should be an efficient Bod who keeps the shareholders up to date ,works hard and makes informed CORRECT decisions - i suppose we can all dream
Should be many multiples of current share price. Great entry.