Empyrean Energy

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

Again, dealerdear with frank kelly over 40 years experiance on board with the company very encourageing and rightly successful in all aspects. I am in EME buy time. Market is what it is but with vast oil finds from eme then its a certain. see you for now.

personnel don't boost oilie stocks ..... it's the finding of commercial quantities of oil!

Fund rasing at 15P total 500,000 for just over 5%.
cyril

first class company/stock innit!

fund raiseing for eme excellent buying service for this company. December drilling update at Sugarloaf outstanding.

as fully reflected by the market's appreciation of same

cynic still an opportunity in empryean energy surprise's waiting easily worth 80p.

so all you mug punters have been saying for the last 12/24 months ..... but as has happened every time so far, sp has a little surge and then drops back to where it was before or even lower ..... even EO probably has better prospects, and that is almost an out and out gamble

Looks like EME has run out of cash again...



25 November 2008

('Empyrean' or the 'Company', (EME))

Institutional Placing to raise 500,000

Empyrean Energy Plc, the oil and gas explorer and producer with assets in Germany and the USA, announces it has raised 500,000 before expenses, through an institutional placing via its broker Blue Oar Securities Plc ('Blue Oar') of 3,333,335 new ordinary shares of nominal value of 0.2p each in the Company ('Ordinary Shares') (together the 'Placing Shares') at a price of 15p per Placing Share (the 'Placing').

Proceeds from the raising will contribute towards further development at the Sugarloaf prospect in Texas, USA.

The Placing has been performed under existing share allotment authorities, and the Placing Shares equate to 5.30% of the enlarged issued share capital of the Company following completion of the Placing.

The Placing Shares will rank pari passu in all respects with the existing Ordinary Shares on issue. Following admission to trading on AIM, Empyrean's total issued and voting share capital will comprise 62,849,602 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company.

Application will be made for the Placing Shares to be admitted to trading on AIM and it is expected that admission will take place on 27 November 2008.

Commenting today, Executive Director Tom Kelly said: 'Given the unique and particularly challenging capital raising markets that prevail right now we are pleased with the interest shown in the company's projects. The funds raised will be used to further develop the Sugarloaf prospect and we look forward to updating shareholders with further progress.'

funding this company is no problem as eme will reward the investor with the sugarloaf due to be announced. 80p

No way that EME will reach 80p in this economic climate. Even 30p will be a big struggle.

if the sugarloaf comes good then eme will prosper.

And if it doesn't it won't.

i never said a word!

Mr kelly is confident with 40 years experiance that eme sugarloaf will produce when vast flow rates arenoticed with the drilling venture.

has he actually been down the hole and had a good scout around? ...... i rather doubt it for some reason ..... no oilie drills other than in the expectation of coming up with the bacon ..... unfortunately, even the best informed all too often come back smelling of pig shit instead!

Oh dear, what's happened here?

2 days ago .....

Empyrean Energy Plc, the oil and gas explorer and producer with assets in Germany and the USA, announces it has raised 500,000 before expenses, through an institutional placing via its broker Blue Oar Securities Plc ('Blue Oar') of 3,333,335 new ordinary shares of nominal value of 0.2p each in the Company ('Ordinary Shares') (together the 'Placing Shares') at a price of 15p per Placing Share (the 'Placing').

That won't get them far with drilling costs the way they are. This is starting to look very nasty indeed.

and i bet the expenses were a big lump too