Empyrean Energy

Web site : http://www.empyreanenergy.com

Some excellent info to be gained from the web site.
S/Loaf
From the last(2nd) paragraph, S/loaf Area A(S/Kane3)The 1st of 16 wells is
drilling a horizontal appraisal into a reservior, "proven to exist at S/Kane". Testing will commence immediately T/Depth is reached, expected to be Mid Aug.
So anyday now for T/D,+testing,so a very conservative estimate would be
end of month? Before going onto testing S/Loaf 1.
The more you read the more comes to light and is in keeping with some of the
research carried out by some very enthusiastic ametuers.Other info regarding
Marg deeps,the last para confirms commitment to drilling in the 4th Quarter.
Theirs a whole lot of info so keep reading, as the more you read the greater the
insight and understanding.
cyril

Nikkei up 585, Hang Seng up 752and ASX up 261,small cap explorers doing very well. Some barguins out their today,with news close at hand we could see some
interest in EME coming back? I believe MXP will make a strong recovery today?
So with all markets blue today, should be a good day hopefully for all?
cyril

Blue until the next wave of sell-offs, cyril? ;-0

Al, we are almost their(S/Kane3),look at post 1053.
cyril

Buy the rumour, sell the fact?

Picking up again. With just under a week until testing starts at the much hyped Sugarloaf prospect, its going to be a pretty good cert that things will get really hyped up again.

If you are looking for a trade, then a long EME on a short term basis might be a good one ?? DYOR

I'd like it better if the spread wasn't almost 11%, PP. ;-0

I'd like it better if it was double the price ;>) have closed the spread a wee bit for you Al

Not quite enough, my little speculator. ;-)))

PP; from EME's web-site horizontal appraisal of gas filled reservior already
proven to exist at S/Kane, now thats fact. Yes their is a lot of hype, but more
to do with the size of the field (still not forgot CSH). And the answer to that
is somewhere in the near future.
But i agree their's an opportunity to trade,as seen in the late rise
this afternoon. Whats your view on MRP which seems near to announcing
the gas rates from Orion,yet a drop just before closing?
cyril

cyril, MRP is a funny one, and its got bad sentiment presently, and that bad sentiment will override the ongoing news.

Should news be good and sentiment returns, then it could rise quite a way, however, it all depends on sentiment for MRP imv.

Picking up again, with SL testing due to start next week, I am pretty sure that there is going to be lots of speculative buying again ahead of potential news.

Up again. Will the hype into testing take it back to 60p levels ? Its certainly lively. Next couple of weeks might see the "hype" go into overdrive as the Sugarloaf testing begins finally.

On Line Limits showing strong demand too :

BUY 25K @ 48.8p

SELL 100K @ 47p


L2 is 3 v 2 @45/49

Still a 4p spread. ;-((

Only advertised spread (to make spread betters pay more).

As you can see if trading real shares, it was at that time a spread of 1.8p

I don't spreadbet shares, PP. Haven't done so for years. I do CFDs and real shares when pushed!

Reversed at resistance by the look of it. Doesn't make the chart look too pretty.

Traders cashing ahead of the weekend?

Drop more likely caused by two week delay in testing programme as further delay in arrival of testing equipment. Funny how people seem to sell because of shortage of service company equipment which I would tend to think is a bullish sign for the oil & gas industry.

Service sector yes. ;-0

Still think traders cashing this week's rise. I't bounced high enough. ;-))