Empyrean Energy

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

market rarely gets things wrong .... EME management do nearly all the time

I can't agree with that cynic, i could give you many examples over the last few weeks alone. But lets take TMAN now 31p all on the RNS that a challenge for the
extension to(not the actual) licence to NGPT which puts now their P2 reserves at "JUST 55 CENTS"?
Now lets look at EME, an RNS just a couple of weeks ago and the SP hits 38p,
whats changed, not much really. So they have just 1.46m cash in hand(15.5%
of company value),but all drilling and testing costs have been paid for 5 wells , and as i stated news from one of them was responseable for a sharp increase in the SP,couple this with a small revenue from Margaretta and we have little cash burn. Now i mentioned on several occasions that EME are junior partners, so its
out of their hands(any suggestions on this front).
What we have is a market(especially the aim ) which is more a gambling forum than a means for raising revenve(fundimentals a joke) for companies, which is the supposed purpose?
Yes theirs a chance that all wells will turn out dusters, but thats true of all explorer's.
cyril

Could be a lot of people having to eat humble pie on here!
A large part of the recent drop in the current share price was the decision not to proceed with the Margarita Deeps. Since EME had never committed to being a partner and merely had an option (based on the results of the shallow wells) the decision not to continue may well have been prudent.
The second part of the drop was the announcement of their cash in hand. Many people took this that as a share issue in the offing, despite the RNS tending to suggest the opposite.
So jn fact the drop was caused by negativity based on previous disappointments rather than a fair reading of the information on hand.

I really can't agree with you about AIM, Cyril. It is an excellent market for companies at a certain stage of their development and does attract a fair number of quality companies. The only problem is that in many cases you have to sort the wheat from the chaff very rigourously due to limited sources of information. However I would admit that AIM has underperformed but so has the FTSE small caps, but that basically comes down to risk aversion by the great but not very brave British share-buying public.

or damn fools who are happy to chuck money at a company with proven dud management and track record.

on a different subject, small caps, which covers the majority of AIM stocks, are illiquid .... that is the reason for their volatility and has little or nothing to do with risk aversion

I've been awaiting my EME humble pie for ages, John. Absolutely starving now!! ;-))

Now 21.5p
Post 1388 16.0p
5.5+
5.5/16= 31.5%
cyril

;-))

the humble pie will be replaced by, Eme as the sugarloaf-1 will be spectacular when this starts flowing, on a huge scale a break out is evident and will reflect des to 80p and above.

shadow might easily get hit but at least one custard pie if he truly thinks 80p is achievable within say the next 18 months (or even ever)

more placings soon???

Timberrrrrrrrrrrrrrrrrrrrrrrrrrrrr

http://www.auroraoag.com.au/docs/2008/AUT20080317.pdf
cyril

http://cop.taleo.net/careersection/10000/jobdetail.ftl?lang=en&job=98280&src=JB-10101
cyril

Still long term downtrend. ;-))

http://www.investegate.co.uk/Article.aspx?id=200804140715332374S
Great news, just what the doctor ordered.
cyril

Downtrend broken. ;-0

NO. "that great great discovery has been CONFIRMED"
As one oil expert has stated, "THIS RESULT IS STUNNING"
cyril

Whats stunning ?

Market warming to the news, now at the days highest and almost 4m traded.Peeps were paying these prices not so long back before confirmation of discovery,also worth considering this is its in the USA,so no problems on that account.
Todays result is from one of the 5 wells drilled, so much more to come, with
another 7 planned of which EME have the option to participate.
imho
cyril

Ah well, Big Al, even previous disappointers, can make good :-)))))