Empyrean Energy

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

DGO IN RED.FALLS SAME TIME IN JULY.

Todays news release was good insomuch as its confirming the faith that the JVP's have in the S/Loaf propect. Couple this with another well just about to be drilled
in Block B (KOWALIK-1) of which EME has 18%, then a picture of a possible
hugh field emerges?
However as always, the proofs in the pudding or should that be the drill bit? What
is required is commercial quantities of gas/codensate to be confirmed, until then
its still speclative, but imho (and i hold to back up my beliefs) the evidence is getting more convincing with every well spudded.
cyril
ps; still waitng on the result of the Kennady fracc?

http://www.investegate.co.uk/Article.aspx?id=200807210742124746Z

A disappointing result so far from Kennady, 46boe from 600ft of the 6000ft horizontal. This will take several weeks for the completion of the clean up,so fingers crossed. The 2nd zone was always more of a gamble than zone 1,so a lot
more patience required in regards to Kennady.
The 2 other wells Baker 2 and Kowalik 1 will give us news in the not to distant future, so still a lot to play for?
aimho
cyril

why am i unamazed?

Why am i not amazed at your post, so boring. Its the nature of the industry that
such fields can take time,as i said slightly disappointing but still all to play for.
cyril

problem with EME is that they have a consistent record of dispapointing

It takes time and eme will be a corker in a few weeks time.

have heard that several times over the last 12/18 months and every time, EME has promised much and failed to deliver

Tut Tut, how many times does one have to explain that EME is a junior partner in this project with no less than COP along with a top Texas Oil explorer TECI, who are responsable for the drilling and proving up of this exciting field?
As far as always disappoints, as you missed a chance to get in at sub 20p,
(before hitting 70p)your remarks could be classed as bitterness. For those who have bothered to research and top slice, this company has been anything other than disappointing.
cyril

i am not bitter for i escaped this company many many moons ago when the price was 100+ ....... however, i look at their record and comment thereon ..... like Cassandra, i would be delighted to be proven totally wrong, and i dare say if EME continue to drill enough dusters, they may find a jerrycan of oil eventually.

You were totaly wrong at sub 20p (17p to some)to 70p a 3.5+ bagger,i think you called it crap.
Once again i repeat EME do not drill, but please inform us of a duster in S/Loaf?
cyril

please show me the stunning sp performance other than a brief surge earlier this year, quickly followed by an equally stick-like performance

I may be wrong here cyril but without looking back at the thread, aren't you the guy that said 'last chance to get in sub 60p' just a few weeks ago?

Great recommendation you gave !

Irrelevent what the company does or is, it's on Aim it's being hammered by all and sundry and will probably go back to sub 20p IMO

Exactly the point dealer, its this dreadful bear market thats responsable for the
SP of "many companies and not just EME(DGO is not aim)'s SP which is taking a
bashing. EME seems to be holding up quite well in the circumstances and has several wells to report in the not to distant future.As far as the 60p post the SP
was taken down to allow institutions in and they were more than happy to do so.
They would have been given a better insight than the ordinary IP for sure?

The question was "which S/Loaf Well is a duster"?
cyril

;-))

Someone say Frac? LOL!

Empyrean is now part of a major discovery in onshore USA and the early results from this project should give everyone confidence. This is the second project that Empyrean has brought into production in just under three years since floating on Aim. Some projects take more than 10 years from conception before a first well is drilled. Empyrean has a tight committed team dedicated to continuing the momentum that exploration success brings. At Sugarloaf Block B alone there is the possibility of at least another 34 wells to be drilled to develop the acreage. If these wells are brought successfully into production with anything like the initial flow rates from the first Block A-1 and A-3 wells then it will likely be a worthy "feast". If we have additional exploration success from our other projects then it has the possibility of being described more as a "smorgasbord". Empyrean is in the strongest position it has ever been in during its short history.
cyril

"Some projects take more than 10 years from conception before a first well is drilled"

With the oil price this high, that's a rubbish statement, cyril. Sorry!

On the frac, the important piece is the proppant. Anything less than 50% would normally be considered a failure. Wonder if they got away 49.6% or 50.4%. They plainly had a screen out way before the point they wanted and the share price movement recently reflects that. ;-)))

Eme wont take that lone to reveal the Sugarloaf-1 contents. On an enermous scale.

This is from Tom where he refers to developing the acreage:-

The share price has been very volatile, and despite the recent gains, it's still well off previous highs. How confident are you that we are ending 'famine' and entering
"feast"?
Al this is the question that TK replied too,the answer i pasted earlier.
So the CEO's words not mine.
cyril

cyril - I realised that. Wasn't implying otherwise. ;-)