Empyrean Energy

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

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.

and even if you can afford, do you really need to?

Well put Cynic - I am not really up on EME but given the negative comment on this BB I don't see the need to be. There are certainly safe havens for one's money out there that will also provide decent multi-baggers.

I was hoping we'd get to 60p for a really juicy short, but it didn't. Not quite an evening start either, unless you hit it early today - I didn't.

Continue to watch

They maybe slight on going problems, at eagle 1 north, they have taken time to reckify thecurrent situation, therefore oil is present at this site, and will flow as expected, even though a longer than expected time as emerged, Multi news on all 3 project are due to be released shortly, and welcomed.

"slight"?????? .... you wear rose-tinted specs I assume .... I suppose you also KNOW the news will be ace and that the oil will be positively gushing