Last checked at 2 Jul 2013 13:16
2 July 2013
Empyrean Energy PLC
("Empyrean", "EME" or the "Company"; Ticker (EME))
AGM Presentation
Empyrean Energy (AIM: EME), the onshore US condensate and gas exploration & production company, is pleased to announce that an updated presentation from today's annual general is now available on the Company's website at www.empyreanenergy.com.
The following information regarding a breakdown of general and administrative expenses of the Company had been included in the appendix of the presentation:
Details | 31-Mar-13 | 31-Mar-12 | Variance |
Currency Gain / Loss | £309,956.01 | £60,713.35 | £249,242.66 |
Director Remuneration |
|
| |
Directors' Fees 2013 | £217,958.32 | £154,010.01 | £63,948.31 |
Consultancy 2013 | £265,333.36 | £217,339.64 | £47,993.72 |
Consultancy Prior | £73,680.53 | £- | £73,680.53 |
Director & Company Secretary Share Based Payments1 | £- | £459,571.02 |
|
Compliance Fees (AIM, Audit, NOMAD, Registrar, CoSec) | £213,339.02 | £138,603.13 | £74,735.89 |
Bank Charges and Taxes | £142,765.75 | £4,750.47 | £138,015.28 |
Other General & Administration | £191,871.90 | £102,161.46 | £89,710.44 |
£ 1,414,904.89 | £ 677,578.06 | £ 737,326.83 | |
Note |
1. Refer to Note 4 of the Financial Statements in 2013 Annual Report
For further information
Empyrean Energy plc
Tom Kelly
+618 9480 0111
Shore Capital
Anita Ghanekar
Edward Mansfield
+44 (0) 207 408 4090
Jonathan Charles
Lionsgate Communications
E: jcharles@lionsgatecomms.com
M: +44 (0)7791 892509
www.lionsgatecomms.com
Notes to Editors:
Empyrean Energy Plc is an AIM listed (Ticker: EME) condensate and gas exploration and production company focused on the Eagle Ford Shale, Texas, USA. Other assets include a 10% working interest in the Riverbend Project, Texas, just north of the prolific Brookeland Field (Austin Chalk) as well as a 57.2% interest in the Eagle Oil Pool Development Project located in the San Joaquin Basin, southern California.
Empyrean's portfolio includes an interest in over 90 producing wells with scaleable growth potential from further development and exploration upside.