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We could turn this whole fiasco into a play! I agree with Wolf, Nianjabi and Alan. BOD stated we are producing 212 bopd that's all you need to know. If it turns out this is only over 10.5 hours then great. I know we don't have 100% of Lidsey but Angus will offset initial profits against the costs of the well before dishing out the profits to the other partners. My opinion JA51, is after reading the documents that you are correct to say "no work shall take place (except in an emergency) other than between the hours of 07.30 and 18.00 on weekdays and Saturdays." However I think this refers to building work and not the use of an electrical pump 24hrs! You are entitled to voice your opinion but please drop your rage against operating hours, you have made your point more than once.

I agree sit tight and wait for news. They have now told us their change in strategy, which most approve of, so give them time to carry it out.

Thanks Coop good to have your technical input, I agree they are not just isolating zone 3, they did mention flowing multiple zones at the same time in the Soundcloud podcast. I just didn't realise it would take as long as you suggested, happy to sit and wait for the flows. Zone 2 already flows so combined with Zone 3 a much more permeable zone there is a chance we can get commercial flow without stimulation.

Do some research before you bother to post exzess. Zone 3 is currently being tested for natural flow, but they will also have access to flow Zone 2 at the same time, as in the the previous RNS they talked about multiple perforations. We are waiting to see if we can get natural flow, if not they will then frack which will open up the zones linking them and vastly increasing flow rates. Natural flow is more likely due to the increased permeability of Zone 3, there is loads of pressure deep down but as yet not enough porosity and permeability.

MM's short of shares :)

I was only having a bit of fun Gazza, no need to be a kill joy. First of all I wasn’t misleading I made it clear that I was speculating. Second of all reading what they write both SGC and EME reported before the market opened for the week that the rig had been mobilised and were all ready rigging up on MONDAY the 12th. Don’t think that’s a Tuesday and if it was reported before the market opened for the week then it was most likely done on the Saturday. So I don’t think 6 working days is unreasonable to suggest an RNS of commencing flow test. Anyway those are my facts which seem to add up. Yours don’t. What’s the saying .... do as I say not as I do. (Said with tongue in cheek :p, no harsh feelings here)

I reckon we should get a flow testing has commenced RNS from SGC tonight.

All the Kings have come to the party. Yes DYOR as EME has a few fingers in a few pies. But Dempsey natural commercial flow alone, without stimulation would in my opinion easily hit mid 20's. If no natural commercial flow from Zone 3 whilst connected to Zone 2 (Zone 2 flowed sub commercial), there will be a dip, could be as bad as back to 12p who knows. They would probably wait to set up the frac which may cause stagnation in the SP price. But a frac would give very good rates and there is a lot of gas there so best to sit tight. Oil news from China could throw all those predictions completely out, depending on what news it is. But SP predicting is like going to the bookies to bet on Greyhounds. Since you have got in at 12p and say you are in it for the long term investment, why worry about predictions just sit back and watch it rise. The assets will come good in the end it's just the dilemma of how to finance the extraction of the oil/gas, which hopefully Dempsey or a farm out for the oil will give a solution to. If Dempsey is a success there are many structures just like it where they can reproduce similar results. Alvares is another one to keep your eye on as a similar structure at Tulainyo is currently being flow tested, RNS was 22nd of Feb and they said the testing would last for around a month, so 22nd March. This is important as if they get commercial flow, it will boost the chance of success for us at Alvares and also Pancontinental have an interest in Alvares, so will share testing info. But I would advise you to read the RNS section on the EME website as there is a lot of info there, unlike you suggested. But hey your comment worked I've given you a summary anyway. Sit tight on 12p and I'm sure you will double your money at some point.

Finally some SP action, fantastic been waiting a while for this!

Indeed GJ has already said that the porosity and permeability should be a lot better in Zone 3. Fingers crossed! If this flows commercially without a frac the EME share price will rise quickly let alone if positive oil news drops :) Atleast we now have a backup plan with the frac permit underway.

Indeed it does. But the most important info is not high pressure but the permeability and porosity of the zones for natural flow.

I did point that out in my summary that I did just for you haha

http://www.empyreanenergy.com/wp-content/uploads/2017/08/AGM-Presentation-Updated.pdf If you look at the above presentation of Dempsey on page 17. It would would seem going from bottom to top would indicate that Zone 3 is X2? Anyone support that or have different opinions? There are 7 zones of interest which are highlighted on page 17. Do not be put off by the thin line of X2 as they say they can now do multiple perforations into other zones at the same time......

A multi stage frac with a structure like Dempsey would produce much better flow rates than flowing a single zone on a vertical well. But the frac costs money which Sacgasco are short of. So the question is how permeable and what is the porosity of Zone 3? This would give us a chance of success to natural commercial flow. But hey why not give it a crack if you are going to have to wait for a frac permit anyway.

Yes. Not much more info here's what I took from it..... After analysis there has been a change of plan as moving up the hole would only lose an insignificant potential benefit, but can still come back to stimulation if needed as they still think it would be beneficial. Zone 3 much better porosity and permeability, 400ft. Means they are also not waiting for a frac permit and wasting time, they can apply for that permit whilst trying to get natural commercial flow. Can even add multiple perforations including the lower zones if they decide it's beneficial. Drilling rig mobilisation will take a couple of days. Testing to commence well before the end of March, I would personally suggest beginning of next week at the latest if it only takes 2 days to get ready. Sacgasco increased production plans and Alvares: Trying to flow wells which in the past (around 40 years) companies forgot (plugged) or got impatient with. Technology has changed, much better tools now than 40 years ago in order to analyse wells and perforate. By using existing wells it costs just 10% of what it would cost to drill a new well and flow it. This has already been done with a 1950's well in the 90's it was re-entered and found multiple zones of interest. Exactly what they are planning to do with Alvares and there are many more wells like this where you can use the existing well bore to test the integrity of the casing and the reservoirs beneath. Hope this helps.... original link for any that don't trust my summary.... https://soundcloud.com/user-246928730/episode-7-sacgasco-managing-director-gary-jeffery

That was before the results of the two uncommercial zones though. All I want to hear is commercial and if that features in an RNS for zone 3 then I can't see why this won't be back in the 20's. As you say oil news as well is a big factor. Too many think EME is just a one trick pony with Dempsey. The oil discovery helped with the momentum on the last big rise. I thought SGC said they were "gearing up for Alvares" anyone know any timeframes?

Fear not about the two sells at 14.38 that was me bedding my Isa ;)

Aslong as they achieve a commercial flow I'm not fussed. They will then have stimulation as a last resort, if they can't achieve commercial flows from the upper zones, which is unlikely. What I am annoyed about is that we were led to believe from SGC that you can't go back to the lower zones after testing the upper zones, which now does not seem to be the case! Holding strong :)

Mr Pike I think you will also find California is a lot more favourable to fracking than Lancashire. I would presume it's more a question of when will the license be granted and not if. DYOR

I still think EME will come good within a year from now. It has a variety of assets and if through stimulation we can get decent flow rates in the tight, deeper zones of Dempsey, then we will be on to a winner. The entry of Alvares is quite likely to produce large gas shows, that could bring the herd back, just like it did with the drilling of Dempsey. Here's to no more decline and a platform at 10p in the New Year to push up from!