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Empyrean Energy (EME) (EME)
PapalPower
- 21 Nov 2005 08:12
HARRYCAT
- 18 Sep 2006 11:30
- 416 of 2087
Well, the market seemed to like the new drilling report this morning, even if we didn't understand every word!
cynic
- 18 Sep 2006 11:47
- 417 of 2087
have read the RNS re Eagle, and it actually says nothing at all other than testing will restart ..... when a genuinely commercial reserve is found, that will be the time to start getting excited ......
Meanwhile, i am happy to continue my stance that there will be plenty of opportunity to make a profitable investment as and when EME actually find anything
Meanwhile, i am happy to continue my stance that there will be plenty of opportunity to make a profitable investment as and when EME actually find anything
HARRYCAT
- 18 Sep 2006 14:28
- 418 of 2087
Nevertheless, on a reasonably dull day on the markets, had one been astute enough, there was a quick 10%to be made today on EME!
Sadly, I confess that I was not astute enough.
Sadly, I confess that I was not astute enough.
cynic
- 18 Sep 2006 14:40
- 419 of 2087
Can't see how you reckon that, no matter how nimble you were ...... spread is 3p; price opened 41 mid = at least 42 offered; high is where we are now at 44 bid; gross margin = 2p at very best before deducting all your trading expenses
HARRYCAT
- 18 Sep 2006 15:24
- 420 of 2087
I was using the stats on Selftrade.
Open 41p, highest offer price was 49. Allowing for a 3p spread, the best margin could have been roughly 10%, assuming the best bid price was 3p down from 49p.
Of course, that is gross, so dealing costs would have to be deducted from that.
Open 41p, highest offer price was 49. Allowing for a 3p spread, the best margin could have been roughly 10%, assuming the best bid price was 3p down from 49p.
Of course, that is gross, so dealing costs would have to be deducted from that.
Big Al
- 18 Sep 2006 16:23
- 421 of 2087
The opening offer was 42p and the best bid was (very) briefly 48p. It did hang around 47p for a while though. ;-))
Big Al
- 19 Sep 2006 22:25
- 422 of 2087
Why no commemt from others last few days? Intrigued.
cynic
- 20 Sep 2006 07:50
- 423 of 2087
today's drilling report is moderately encouraging and has boosted sp, at least temporarily, by 6p
HARRYCAT
- 20 Sep 2006 08:29
- 424 of 2087
I had an automatic sell on the system which triggered at 55p, so now need to wait for the usual bounce, which shouldn't be a problem as the next significant level of drilling won't be reached until mid Oct, so I can see it going back down to the +/-40p level.
cynic
- 20 Sep 2006 08:36
- 425 of 2087
certainly "gas shows" and "commercial gas flows" are a long way apart
seawallwalker
- 29 Sep 2006 07:28
- 426 of 2087
As EME are yet to release this:-
SUGARLOAF-1 PROGRESS REPORT 28 METRE POSSIBLE GAS PAY INTERSECTED IN SECONDARY TARGET
Wire-line logs were successfully run over the open hole section of the well between 6,500 feet (1,981 metres) and present well depth of 14,480 feet (4,413 metres).
Interpretation of logs by the operator, Texas Crude Energy Inc, indicates a 92 feet (28 metres) zone of possible gas pay corresponding with the zone of gas shows obtained during drilling in the secondary target (reported to the ASX on the 20th September 2006).
While Aurora considers that the logs are encouraging, the commercial significance of loginterpreted possible pay can only be assessed by flow testing and that there is a risk that the zone may not flow at commercial rates. Flow testing of the zone is not programmed at this time but will be considered after the well has been drilled to total depth and the primary target assessed.
The current operation at the well-site is the running of the 9-5/8 inch intermediate casing to present depth of 14,480 feet (4,413 metres). Once run and cemented, the well will continue drilling in 8-1/2 inch diameter hole to the primary target expected between approximately 17,000 feet (5,182 metres) and proposed total depth of 21,000 feet (6,400 metres). There is a further secondary target
in carbonate rocks between present depth and just above the primary target.
Assuming trouble-free drilling, the primary Hosston Formation target is expected to be reached in mid to late October and total depth in mid November.
ASX releases will continue to be made routinely every Wednesday unless there are material matters which require an earlier release.
Participants in the Sugarloaf-1 well are:
Aurora Oil & Gas Limited 1 20.0%
Texas Crude Energy Inc (Operator) et al 2 41.5%
Eureka Energy Ltd 12.5%
Adelphi Energy Ltd 20.0%
Empyrean Energy plc 6.0%
I have not seen a cautionary note in respect of a possibility of no flow rates before.
Who wrote this, was it you cynic?
SUGARLOAF-1 PROGRESS REPORT 28 METRE POSSIBLE GAS PAY INTERSECTED IN SECONDARY TARGET
Wire-line logs were successfully run over the open hole section of the well between 6,500 feet (1,981 metres) and present well depth of 14,480 feet (4,413 metres).
Interpretation of logs by the operator, Texas Crude Energy Inc, indicates a 92 feet (28 metres) zone of possible gas pay corresponding with the zone of gas shows obtained during drilling in the secondary target (reported to the ASX on the 20th September 2006).
While Aurora considers that the logs are encouraging, the commercial significance of loginterpreted possible pay can only be assessed by flow testing and that there is a risk that the zone may not flow at commercial rates. Flow testing of the zone is not programmed at this time but will be considered after the well has been drilled to total depth and the primary target assessed.
The current operation at the well-site is the running of the 9-5/8 inch intermediate casing to present depth of 14,480 feet (4,413 metres). Once run and cemented, the well will continue drilling in 8-1/2 inch diameter hole to the primary target expected between approximately 17,000 feet (5,182 metres) and proposed total depth of 21,000 feet (6,400 metres). There is a further secondary target
in carbonate rocks between present depth and just above the primary target.
Assuming trouble-free drilling, the primary Hosston Formation target is expected to be reached in mid to late October and total depth in mid November.
ASX releases will continue to be made routinely every Wednesday unless there are material matters which require an earlier release.
Participants in the Sugarloaf-1 well are:
Aurora Oil & Gas Limited 1 20.0%
Texas Crude Energy Inc (Operator) et al 2 41.5%
Eureka Energy Ltd 12.5%
Adelphi Energy Ltd 20.0%
Empyrean Energy plc 6.0%
I have not seen a cautionary note in respect of a possibility of no flow rates before.
Who wrote this, was it you cynic?
cynic
- 29 Sep 2006 07:34
- 427 of 2087
i am incapable of writing such considered assessments!
seawallwalker
- 29 Sep 2006 08:06
- 428 of 2087
EME suspended pending an announcement.
Quite ridiculous as this is already known!!
FWIW all the partners did the same in Oz overnight, then resumed up around 20% on the news I have alredy posted.
I had thought I would take a punt, but as they have raised the lifeboat till high tide, I dont think I will bother.
Quite ridiculous as this is already known!!
FWIW all the partners did the same in Oz overnight, then resumed up around 20% on the news I have alredy posted.
I had thought I would take a punt, but as they have raised the lifeboat till high tide, I dont think I will bother.
cynic
- 29 Sep 2006 08:12
- 429 of 2087
seagoon* ..... leave well alone, to make a rather bad pun but with serious undertone
seawallwalker
- 29 Sep 2006 08:14
- 430 of 2087
It's alright cynic, I was only thinking, it's gone now.
It looked for a moment there was some froth to be had.
Not anymore
It looked for a moment there was some froth to be had.
Not anymore
tcdmct - 29 Sep 2006 08:51 - 431 of 2087
Can anyone 1 enlighten my on why these shares have been suspended please.
Hi Jimbo.
Hi Jimbo.
hlyeo98 - 29 Sep 2006 08:56 - 432 of 2087
More bad news again....no commercial flow in Sugarloaf
cynic
- 29 Sep 2006 09:09
- 433 of 2087
if that is so, just wish i was not another Cassandra ..... those with a classical education will understand!
seawallwalker
- 29 Sep 2006 09:15
- 434 of 2087
tcdmct - if you look 2 posts above you will see why!
However they are doing just the same as the partners did overnight in Oz, which I thought I had already said?
http://en.wikipedia.org/wiki/Cassandra
Cassandra
From Wikipedia, the free encyclopedia
Jump to: navigation, search
For other uses, see Cassandra (disambiguation).
Painting by Evelyn De Morgan.In Greek mythology, Cassandra ("she who entangles men") (also known as Alexandra) was a daughter of King Priam and Queen Hecuba of Troy whose beauty caused Apollo to grant her the gift of prophecy. However, when she did not return his love, Apollo placed a curse on her so that no one would ever believe her predictions.
I like Battlestar Galactica myself!
However they are doing just the same as the partners did overnight in Oz, which I thought I had already said?
http://en.wikipedia.org/wiki/CassandraCassandra
From Wikipedia, the free encyclopedia
Jump to: navigation, search
For other uses, see Cassandra (disambiguation).
Painting by Evelyn De Morgan.In Greek mythology, Cassandra ("she who entangles men") (also known as Alexandra) was a daughter of King Priam and Queen Hecuba of Troy whose beauty caused Apollo to grant her the gift of prophecy. However, when she did not return his love, Apollo placed a curse on her so that no one would ever believe her predictions.
I like Battlestar Galactica myself!
cynic
- 29 Sep 2006 09:21
- 435 of 2087
exactly so seagoon ...... the great unwashed will only recognise the name as that of some columnist in of the tabloids
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