Member Info for Stalin_ESQ

2000 to sell

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Price breakout

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Munch munch

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Buyers munching

Empyrean Technical Director, Gaz Bisht commented, "Empyrean is pleased to have secured the opportunity to drill this exciting conventional oil target nearby to existing Santos-Beach and Bridgeport discoveries. Empyrean is also excited to be working alongside the Chi Oil and Condor Energy teams to plan for and execute this upcoming drilling program. Empyrean is encouraged by the fact that Condor Energy are prepared to put equity on the line and take a direct participating interest in the Wilson River 1 well."

The Option allows Empyrean to earn a minimum 40 per cent. Working Interest in the permit by paying two-thirds of the gross cost of drilling an exploration well at the Wilson River prospect, estimated at approximately AUD$2.8m (gross). Apnea previously entered a binding agreement to jointly fund the drilling of the Wilson River 1 well with Condor Energy Services Limited ("Condor Energy"), an experienced Australian based well services and drilling company with recent drilling contracts completed nearby in the Cooper Basin. Empyrean and Condor Energy will become Joint Venture partners with the current leaseholder of ATP1173, Chi Oil and Gas Pty Ltd ("Chi Oil"), and will earn into the project by funding the Wilson River 1 well. Under the agreement, Condor Energy will fund the balance of costs to drill the Wilson River 1 well. Chi Oil and Empyrean have negotiated a competitive fixed price agreement with Condor Energy to drill and test the well based on an Authority For Expenditure ("AFE") that formed part of the binding agreement to jointly fund the Wilson River 1 well. Chi Oil and Empyrean are currently finalising the drilling contract with Condor Energy along with a definitive Farm In Agreement and Joint Operating Agreement.

Based on current rig availability, and subject to the completion of surveys and permitting, the well is scheduled to be drilled in March 2025.

Very high chance of success based on nearby Wells.

Get in there....!!!!

RNS OUT

Read the RNS. He took shares rather than a portion of future production payment. Simple.

Here is a genuine question.....name ANOTHER share trading on AIM that is 25% owned by 1 person, and that person is the CEO (i.e. the person who best knows/understands the value of the business and its forward potential). I don't think you will find another company.

Can't buy any.....

UP SHE GOES

EME just RNS logged, 1 trade

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Buy price nudging up on volume

Nice 😎