Member Info for Jasper13

New partner incoming.....

All orchestrated. Very dirty tricks.

Https://ibb.co/4kCfYjg

LordChaos ....in line with my research link I have just posted. If this is a new discovery field, it will support multiple wells.

Some thoughts and research. Not investment advice. DYOR

https://ibb.co/4kCfYjg

Just bought another 6m trade not showing

Robsaunders...How is this going to be managed? I am sure there are many shareholders with similar feelings? Do you plan to drive this? If so I suggest a central source of communication is required, to collate shareholders and skill set. Let me know. Thanks

Last RNS was 25 March stating TD reached but didnt say when, could have been 2/3 days earlier.

Spudded 14th, 6 day drill to the 20th, results in a week it stated in last RNS...27th tomorrow, one could land.

Market Valuation: Companies like Santos trade at ~$5–$10/BOE for proven reserves. For unproven resources, $2–$4/BOE is typical. This is public available information from their reports.

If we use our mean figure 21.3 MMBOE × $3/BOE = $63.9M (conservative),

Adjusted for upside: $100–$150M.

If we get good news next week on the 6m oil column, PLUS the other zones of interest, then move on to a DST and get good results, Empyrean may have just discovered another very lucrative oil and possibly gas licence that could be bought into production. If all these ducks line up, this is game changing for them. With the added bonus of incoming cash from Mako to allow for investment in more wells, services and infrastructure. You will not see these SP levels if positive news continues next week and beyond.

Would not be surprised now to see Nortrust increasing their stake. Today's announcement has de-risked the project considerably and they will now take a more pragmatic view on ROI.

When someone acquires 10.28% of a company people should sit up and take note. This isn't small change investment. What does he know or privy too?

Based on the 21.3 MMbbl mean recoverable case and Wilson River-1’s 6-meter oil column:

Number of Producing Wells: Likely 30–60 wells, with ~43 wells as a central estimate (500,000 barrels per well). This assumes:

400 sq km permit, with 10–20 sq km productive.

0.32 sq km drainage per well,

Recovery per well of 359,000–706,000 barrels, bracketing 30%–59% recovery factors.

This delivers 21.3 MMbbl total, aligning with Empyrean’s mean case. Initial production could be 400–600 bpd per well (per earlier estimates), yielding 12,000–25,800 bpd peak field output (30–43 wells), declining over 5–10 years. The petrophysical analysis due within a week from March 25, 2025, will refine this, but 43 wells feels like a solid working number for planning purposes.

All depending on analysis and flow results; however if these are positive this is game changing for EME. Undervalued doesn't even come close. Oh and don't forget Mako cash.

I like todays news, and it's very similar to surrounding producing wells. The company are taking sensible logical steps which is also very positive. Analysis of results is now key along with the DST which they have alluded to previously.

Hopefully should now start to see some more "sticky" interest.

Eddyc22...

So, in short: no blanket requirement exists to announce reaching target depth, but if it’s material to the company’s value or they’ve promised updates, they’d likely need to tell the market. It’s case-by-case. We have already been timelines in the 14 March RNS.

Buys - 93.7m

Sells - 48.3m

Unclassified - 0.9m

We were told of the timeline events in the spud RNS dated 14 March 25.

> drill to 1,450m DRT

> 5-6 days - This should now be complete ✅

> Quad Combo logging - for a comprehensive formation evaluation of target zones (could be complete and results now being analysed)

> based upon QC results then a drill stem test (DST)

All seems to be going to plan so far....buyers in anticipation. 👀

SteveRSA

Member since 21 March 25, think that’s today. 114 posts today, mainly GCM. 10 posts on EME today, guess what no calculations.

Says it all really. 🤣🤣🤣🤣

Don’t think I called you a deramper! Just think your numbers are way too excessive. Here’s my workings. Care to share yours?

New NAV based upon increased 52.8% stake to EME.

Low case scenario (8.7MMBOE) - 50% recovery factor/$44.80 gross profit per barrel (based upon Bass Oil Worrior & Padula field - Cooper Basin.

NAV - 10 year field span/10% DCF/52.8% share to EME = $49.8m NAV - £0.0131p

Mean case scenario - (21.3MMBOE) - 50% recovery factor/$44.80 gross profit per barrel (based upon Bass Oil Worrior & Padula field - Cooper Basin.

NAV - 10 year field span/10% DCF/52.8% share to EME = $122.2m NAV - £0.0258p

MAKO...

NPV10 of US$49m (Sept 22 RNS) - £0.0121p - (Buyer willing to pay say 50% of that value - £0.0062p)

So Wilson low case £0.0131p + Mako £0.0062p = £0.0193p

So Wilson mean case £0.0258p + Mako £0.0062p = £0.032p

Huge upside, seriously undervalued. 14 x bagger for low case, 22x bagger for mean case.

I can’t even decipher what you’ve written. That tells me everything. 🤣

Very high chance PRD have found some form of oil deposit. Currently samples being analysed.

Could get very interesting and soon.

You are living in cloud cuckoo land stating that. Probably done zero research. Can you share your calculations as to how you derive that number?

Check my posting history you’ll see mine.