Member Info for BigBear2

Sleeping giant here, what I like is the nearby discoveries with same gas cloud characteristics

All in latest broker note….

Further, as Empyrean delineates and develops any discovery, the potential risk decreases to the point of first production, where there is 0% risk. Unrisked, our NPV10 of the Jade prospect is 112.4p. In the P10 oil in place upside case, a discovery would increase our risked NAV to 81.6p, whilst our unrisked valuation would increase to 193p

10 bags available here for those with the foresight to buy before the herd…

Looks like it could well be another duster there….
Numpty MMs surely have the Mkt caps of COPL and 88E mixed up….

Is their initial analysis is always smoke and mirrors.
This could well be a discovery and I hope it is for all invested.
Let’s see what the next week brings when they have some definitive data, net pay etc.

To set us up for a run at 10p tomorrow

Chinese drill should be more or less done and permits sorted v soon….

Coiled spring??

Here here let’s hope it’s part of Arties master plan(keeping sctum0 and we get the big reveal…,
Continental taking the whole shebang (COPL & CUDA) having had plenty of liquid lunches with Arty would do just nicely.

I still think the timing of the reveal for the discovery so close to CUDA is deliberate
Either
A) Take out (less likely of the 2 because we are at pre appraisal)
Or
B) pony up big coin for CUDA so we can fast track the horizontals

With WTI at circa 110 this really is like taking candy from a baby for some one with resources.

The big unanswered is….
IF the likes of continental want CUDA would they stomach being non operator and a minority stake.

To dump stock at a loss….must be because end of tax year. Last RNS was very positive emphasis on NO PLACING

On what basis, sales have stopped so there surely must be a medium term cash flow issue, hence stalled accounts

Poly sp stable for more than 15 mins?

Someone give him a poke please and remind him we are sitting on 1.5 billion barrels of oil with WTI well over $100.

We have had just one mumbled interview and then radio silence….
Sort out the PR please Arty….
We should be min 50p eyeing a quid right now.

Sums up the upside nicely….

Filled to Spill All four adjacent CNOOC discoveries are “filled to spill”, meaning that their recoverable resources are close to the P1/P10 oil in place volumes. An oil migration study, completed by Empyrean in 2018, identified that the Jade and Topaz prospects are situated on the same migration pathway as these CNOOC light oil discoveries, suggesting that both Jade and Topaz would be similarly “filled to spill”. Assuming a P10 oil in place volume, on unrisked valuation of Jade increase to 193.3p (mean resources 112.4p).
? Negotiating A Gas Sales Agreement At A Time Of Record Gas Prices Providing downside protection to Empyrean’s high impact oil exploration programme is the Company’s 8.5% interest in the Mako gas field. At 495Bcf, the field is the largest undeveloped gas discovery in the prolific West Natuna basin, and is strategically located in close proximity to the ‘gas hungry’ markets of Singapore and Indonesia. The current focus at Mako is the securing of a gas sales agreement – essential for the commercialisation of the project and for Empyrean to realise value. The timing couldn’t be better, with South East Asian gas prices increasing 61 percent since start of 2022

We are sat here…..
Could do with the sage grouse nesting early!

Double whammy,people seem to have forgotten about the gas, this should give us a higher base to build from as we approach the monster drill..

Should be imminent as are gas sales agreements

Yup totally agree this is 88e mk 2……only with oil!

Penny dropping

Problem as I see it here is this carries same or similar risk to POLY but less upside…

Would have to buy debt for any bid