Empyrean Energy

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

take a look on the ADVFN site an article on eme but on the wrong thread its on the: SER thread regarding Eme it loos to be good news.

I would not give a halfpenny let alone twopence for anything emantaing from ADVFN ..... in my short experinece there, i came to the conclusion that 95% of the peeps there had nothing genuine to impart

Looks a buy at the bottom of the down channel?

Nah - I'll wait to short at the top of it. ;-)

I am not a registered user of ADVFN and have searched all the other news sites that I can find, but with no success, including SELFTRADE which normally has up to date news feeds.
Can anyone out there give me the gist of what was on the ADVFN bulletin for EME please?

Interview Wallstreet reporter 11 August, after London close.

Just listened to the Wall street reporter interview twice with Dr Patrick Cross and I thought he came across ok, should have given more details on Eagle and Sugarloaf although perhaps price sensative.

From what he said Glantal is certainly not dead infact more seismic is being done and once Eagle is flowing they will go back in there, he said it has the potential to double Germany's gas, that's huge.

He said very little about Eagle except that they know oil is there and they had had some technical problems, also he did not say too much about Sugarloaf although clearly there is a huge potential with them, he said they have 5%, I thought it was 6%, whatever.

Asked about current SP he said the Glantal issue was disappointing but said the fall back was well overdone, Frank Brophy and some other director did not catch his name are over here within next two weeks to brief institutions and give them comfort, he also said looking to be in 6 projects by end of this year, I think he said that or within a year.

Finally asked about short term 2 to 3 years he said expected SP to be SIGNIFICANTLY higher and market cap to be about 150M so if no further placing that would be a share price of 4.25, that would do me.

Based on that interview and what a similar interview did for Chaco Resources I would expect to see a decent uplift for EME, the interview was not as good as Chaco and other events happened at a similar time, however Chaco went up 50% in the month following the interview but it was not by any means down just to the wall street reporter, could see a decent lift next week with EME.

DYOR, IMHO.

sounds like an awful lot of wishful thinking to me ...... AVOID until there is good reason to re-enter - i.e. when there is some real news and not just pie in the sky

pity its not order book traded,might sort the greedy MMs out and tempt a few in.Not for me again till spred is better,made so much out of these as well back in the 150+ days.







a free 82!

I got in on friday , paid 40p for a nice chunk its got to be done at these low prices,

We will see were these are in a months time, i am sure they will be a lot higher then what they are now

Sounds like cynic got badly burnt, happens to us all, learn from it and get over it.

Have a great weekend.

Interesting stewart3250. A couple of points.

1. Glad they finally admitted technical trouble on Eagle. I've been saying it for ages. For there still to be problems after several months does not bode well IMO.
2. I'm surprised they still see huge potential at Glantal. Ordinarily you would expect companies to go for the "odds-on" first. That came up water! Seismic might bring something else up, but why wasn't that done first? I doesn't add up.
3. Must investigate this Sugarloaf project. Haven't read anything about it.
4. All these guys expect the share price to be a multiple of what it is now. Unfortunately for every one that achieves it, several more run out of cash and if he expects it in 2-3 years I'm certain they'll need to raise a lot more money in the interim.

Upshot - by all means take a stake, but equally expect to lose it all as much as make a 10-bagger.

don't be a smart-arse Newboy ..... Though I did indeed get burnt, at least I got out at about 85p ..... IMO, EME could be heading a lot further south as I do not believe either Glantal or Eagle are going to come up with the goods .... As for Sugarloaf, it is far too early to tell if that will be EME's saviour.

Thanks stewart3250 for your summary. Looks like you have opened up a few old wounds, but as my dad (& others) used to say, 'Time spent in reconnaisance is seldom wasted'.
Perhaps the imminent visit from the top boys of EME will be the opportunity to take advantage of a bounce. Sadly, I don't think that sustained growth in the share price is going to happen in the near future.

were well on track to meet the 1000bopd, as frank brophy and his members of eme, with the addition of the quality crew at Califonia, Also announcement of the sugarloaf spudding of rig, will initially be announced, within a short time. Glantal new seimic testing is underway with in excess of 4tcf of gas to be discovered. This time the surveying is in the correct place, for a huge discovery, let alone Eagle-1 north to flow the expected plus 1000 bopd are underestimated, this week will emerge details.

Yeah right!

the present campaign of eme represents, the ongoing exploration at the eagle 1 north not to mention the sugarloaf and Glantal. It now mid August as they previously mebtioned The spudding of th Sugarloaf site is about to commence. Additionally an updateid duly expected on the amount of recoverable reserves of BOPD at Eagle. sometime, therefore the new testing at Glantal initially reveal a new discovery of potential gas. As to mention an update will be announced on all 3 major projects by mid of this week.

shadow

Eagle-1 was/is not exploration. It was a sidetrack in a known area to produce oil and therefore cashflow. It's a mess.
Glantal tested a "dead cert" and produced water without a whiff of gas. It's a mess.
Sugarloaf I know little about, but the track record here is poor by anyone's standards.

EME are best left alone until they prove their capabilities IMO. There's far better opportunities out there.

Glad someone agrees with me ..... thanks Al!

;-))

and heading back south again after that strange littkle flourish of the last day or two

Just a bounce. Up to 47p at the moment.
Heavy trading in GOO & others.
Think it's better to look at a trend rather than an hour by hour movement.

EME presently IMO is very high risk. The market cap is underpinned by Glantal, which so far is a water bed, a 750K US$ farm in for 6% of Sugarloaf high risk drill, and 38% of EN-1 well (with the Eagle field so far producing 2 non commercial wells MB-1 and Eagle-1 and this is third time lucky to try to get a commercial flowing well with EN-1) and the EN-1 well has hit lots of problems so far.

Sugarloaf will take 90 days to drill, and if any pay then at least another 30 to test, to news around Christmas there.

EN-1 well, this is key now, good news and a jump up to say 80p to 90p levels, but if EN-1 fails for flows badly then below 10p is very possible.

A high risk punt now is EME, not one for those who cannot afford to lose money IMO.