Empyrean Energy

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

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. ;-)

Al ; Not sure if you are aware, but all the acreage has been bought up and they're
are now in the process of building production pipelines.
cyril
ps, all my spare pennies have thrown at EEN, although its partner GPX after today;s drop may be the better buy? imho

........... but how much to produce?

I now get the Texas thing better. They're hitting horizons that don't flow well, porosity might be there, but permeability ain't, hence frac. I've taken a quick look over the recent flowrate numbers and I have to say they are pretty poor. In addition, the frac job went average at best, which means they are in the realms of serious wildcat. I alluded to this before when I could not quite understand why they were suddenly all the rage in an area that has been drilled to oblivion for decades.

My opinong has not therefore changed despite my absence from this thread for some months. Don't stick the kitchen sink on EME. There's a far higher probability they'll cock it up than make you a fortune IMO. Trade it by all means, as I have, but don't invest longer term.

Wise words Big Al, and always worth reading your posts on a subject you know a lot about.

Many thanks.

Hi cynic, what you up to?

http://www.adelphienergy.com.au/files/asx/ASX%20Release%2028%20July%202008%20-%20Investor%20Presentation.pdf<

cyril

avoiding companies like EME who have a bad history of flattering to deceive