Empyrean Share News (EME)

Empyrean Repays USD1.5 Million Of Debt Facility With Macquarie Bank

LONDON (Alliance News) - Empyrean Energy PLC said Tuesday that it had repaid USD1.5 million of its term debt facility with Macquarie Bank Ltd using cash proceeds from production. The company has a USD50 million facility in place with Macquarie to develop the Sugarloaf AMI project, an Eagle

Empyrean's production expected to grow in 2014

Onshore oil and gas company Empyrean said it expects to see output and proven reserves grow at year-end with up to 110 new wells in production. The firm is currently producing about 900 barrels of oil equivalent per day, led by the Sugarloaf AMI licence in South Texas. Sugarloaf had 101 gross p

Empyrean Energy Sees Production Increase At Sugarloaf In Texas

LONDON (Alliance News) - Empyrean Energy PLC Wednesday said its fourth-quarter production increased as new wells joined its production portfolio. The US-focused oil and gas development and production company said the total production for the three months ended December 31, 2013 remained str

Empyrean Energy Says Sugarloaf Partner Has Received Takeover Offer

LONDON (Alliance News) - Empyrean Energy PLC Friday said Aurora Oil & Gas Ltd, its partner in the Sugarloaf area of mutual interest asset in Texas, is to be acquired for a high premium. The US-focused oil and gas exploration, development and production company said that Aurora will be bough

Empyrean hails Baytex takeover of Sugarloaf partner Aurora

Empyrean Energy, the AIM-listed onshore oil firm focused on the US, has said that a third-party takeover of its partner at its flagship Sugarloaf project spells good news for the Texan asset. Canada-listed energy group Baytex on Thursday said that it has offered to buy Aurora Oil & Gas of Australia

Empyrean Energy Says There Are 101 Producing Wells At Sugarloaf Project In Texas

Empyrean Energy Makes 2nd Debt Facility Repayment To Macquarie

Empyrean Energy Gets Stuck Into Texas Oil Wells

Empyrean Energy to recommence operations at Riverbend Project

AIM-listed oil and gas exploration company Empyrean Energy will recommence operations at the Riverbend project, where it holds a 10 per cent working interest. In an update issued on Tuesday, Empyrean Energy reported that a new operator had been appointed and said that the Cartwright-IH well would b

Resources round-up: Conroy, Empyrean Energy, New World Oil and Gas

Shares in Conroy Gold and Natural Resources, an AIM-listed mining company, leapt after the firm discovered two new gold targets at the Slieve Glah licence area in County Cavan, Ireland. The two targets, each of which are over 3km in length, returned anomalous gold values from the assay analysis, whi

London close: Stocks finish flat, Sterling up but overbought

Footsie's movements were being directed by the Grand Old Duke of York today and, as in the old nursery rhyme, ended the day more or less neither up nor down. Extra time often leads to penalties What was set up to be the big item of the day, the decision from the independent directors of mining gr

London midday: Stocks tread water

After a bright start London reversed course shortly after 10:00 and the top-share index is now little changed. Miners are still going well, clawing back some of yesterday's losses, but utilities are out of favour, especially National Grid, after JP Morgan Cazenove downgraded the stock to "underweig

Resources round-up: Diamondcorp, Empyrean, African Eagle

Shares in Texan oil firm Empyrean Energy moved to a 52-week high on the back of a production update for new wells completed recently on the group's Sugarloaf project. The group has nine wells on the go at the project and has a 3.0% working interest in each of them. The two biggest producers - Davila

Goodwin MD ditches 5,000 shares as profits leap

Richard Goodwin, the Managing Director of Goodwin, sold just over 5,000 shares in the company on Friday, the same day the engineering and steel castings firm reported strong growth in profits. The director traded in the shares at 1,330p a pop, earnings himself £67,404 and reducing his stake to 31,3

Resources round-up: Anglesey Mining, Chariot, Empyrean...

Empyrean Energy said the average daily equivalent oil rate at the Tipton Jonas well over the past 30 days was 595 barrels of oil equivalent per day (boe/d), with a total condensate production of 15,101 barrels and total gas production of 16.5m square cubic feet (scf). At the Brysch Jonas B well it w