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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
Now how much is 8.5% stake worth in Mako? Certainly many multiples of the current share price. STRONG BUY GUYS.
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.
A potential quarter ------good luck with that one.
Rpg7 even a QUARTER of this will do
They were cheap considering their positive news yesterday. Wish I had been working at home and seen the drop.
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
Gazza, where did you find how much it’s worth?!?
This could at least go to 0.7 until news on Mako
No need to guess
read the RNS it tells you
EME could get a fair bit of cash on sell down.. But just how much is the whole project worth? We do not know yet. But EME is now undervalued and has cash until completion where the share price will jump in multiples..All upside now.
Market capital today at 0.50p - £6.4m. What is Mako really worth for them when a deal to sell licence is crystallised?
£10m, £15m , £20m???
I am going to hazard a guess and say it's worth a lot more than todays market capital of £6.4m. As a minimum double todays value and hence share price.
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?
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 ?