Empyrean Energy

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

Our Aussie partners have issued news from Sugar Loaf 1 and Kennedy H1
projects, while EME have an RNS out, concerning another well?
cyril

noc- what are they saying? tia.

lizard, just that they are progress updates. Try uk-wire.com for EME and asx.com.au,
put in AUT or ADI. Both are positive,but still no results.
cyril

cheers will do.

Lizard try AED on asx.com.au. AED OIL. going up i hope.

AUSSIE AED OIL LIMITED NOW 10 DOLLARS. TRICKER AED.ON ASX.COM

cheers guys. not looked at eme but will do now.

any relation eme/aed?.

starting to look at the co in more depth next week.

www.adelphienergy.com.au
Click on the rig picture with the grass(middle bottom).
Not working, need to put in manually.
cyril

cheers chaps- with it now.

Bad news from Sugarloaf today.

so what's ever much different with EME? ..... first the hype quickly followed by the truth

Well not good news but not unexpected for SL lower zone 3, needed to test for a clearer picture,they are now planning another Fracc in a couple of weeks. S/Kane
is the real prize which is proven producer and with another well about to go horizontal its a question of patience will be rewarded. Also today news of an increase in the stake in Bondi prospect, so not all doom and gloom.
cyril

;-))))

Brewery, can't, piss-up, ............................

In truth they do say it is not unexpected. Unfortunately they put rose-tinted glasses on that bit last time. The truth outs in the oilfield I'm afraid and money talks, bullshit walks. ;-0

I love the "let's rush out a good RNS 30 mins later" thing though. That's new. ;-)) It's almost the good day to bury bad news scenario isn't it? LOL

Breaking news, 2007 annual report released after the ASX closed.

From that report,

Adelphi's participation in the Sugarloaf project in the on shore Gulf of Mexico Basin
Texas, has resulted in what could be a "substancial gas and condensate discovery"
and is currently undergoing appraisal.
cyril

so is the chart ...... pretty horrid isn't it!

cynic, yes horrid indeed. However charts are just means of recording SP at any
given time, which relates to news and sentiment at the minute. It also shows us highs and lows, and i feel we are at a low now? What is the downside 30% with
a possible 300% increase, news driven will dictate this SP. For me the information available(snippets as above) drilling progress and reports(confirmed discovery) along with increase of acreage(cloak and dagger) lead me to conclude something big is about to happen.
So it could be a very good time to get in or top up, for myself i would love to increase but i feel i have enough risk, and will wait for conformation before making a decision(if positive hopefully 60p?) on increasing.
aimo
cyril

the prob with EME, and i used to hold them a year or so back, is that the company lacks credibility ...... time and again it has promised to come up with the goodies and failed each time, citing bad luck or some such ...... while that may be true, and certainly drilling for oil is always long odds, failure is habit forming.

as for charts .... though you may mock, there are an awful lot of investors who find them an invaluable tool, so they have a habit of being self-fulfilling .... in this instance, with sp having fallen firmly through all the moving averages and with its downtrend still very much intact, it is more likely than not to continue in theat direction until the next bit of hype.

cynic i was not knocking charts just making a point, any such share on news
will show a straight line (north, south?). So for such companies news will dictate, although your right in so much as no news will cause(and has)a drift in the SP.
In the case of their past record, must agree. however EME are junoir partners,so
i don't believe that the past is in this case relivent.
aimo
cyril
ps Could you take a look at OEX's chart, and let me know your view's, as i'm
sorely tempted?

please may i finish my breakfast? .... lol!
will do for you, and will post on relevant thread

Even news of a "substantial gas and condensate discovery" couldn't buck the trend.

Surprising or is it that it wasn't that substantial after all? ;-))))