Empyrean Energy

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

in this instance, i think it best just to watch ...... many better shares to buy

I take it we'll get our weekly update tomorrow?

ttt

and singularly exciting reading that wasn't too!
and the prompt sharp dip in sp shows the fragility of the stock and the recent steep rise

cynic

Interesting change this week, don't you think. I'm not trying to read anything into it. ;-)

Al .... like you, i just watch this one with interest ...... don't think even my greed will tempt me in here

IMO if it drops back to the 50-60p range it could well be worth having another small stake just to cover the next bounce up. It may be totally illogical, but if the sp moves up on the merest whiff of gas, then why not take advantage???!

You do have a point HARRY. ;-)

We're in week #3 of the updates through the target section. No mention of gas today - is that deliberate? Dunno, but it jumped right out at me at 7am this morning. ;-0

the gas? ..... merely last night's curry coming home!

This company seems reknowned for this, a traders (not investors) dream, very irratic, and no-one seems to have any patience, any RNS that says they still have 2/3 weeks of drilling and look what happens, likewise the mere'st mention of gas/oil and up she goes...
i all but sold out @87p but it will have to drop to mid 50's (which i doubt short term) for me to buy more...

Ted .... why buy at all?

EME is not worth going in until it drops to 40p

reason for buying...volatility, this has proved time and time again its capable of 25% swing plus in a day, but i do think its overvalued at present...

Ok lets all put our hats in the bag.
We can all have a guess at what the Price will be 1 week from today 22nd of November.

I will start the ball rolling with

85p .

Anyone esle wish to have a go.

60p

120p but then I am always an optimist.

reverting to my "pretty little chart" (post 503), sp has done as i predicted - i.e. hit 200 dma and fell back, prehaps more sharply than even i thought ..... my guess now is that it will fall to the slightly rising 50 dma at about 55/60p ...... in fact unless eme come up with some good and solid news in the pretty near future, sp could even break below that level

You are completely right, cynic

Empyrean Energy PLC
17 November 2006



Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))

Sugarloaf Hosston Prospect, Texas USA
-------------------------------------

Further gas show

AIM quoted Empyrean Energy PLC today announces that at 6am Texas time on 16
November 2006, the Sugarloaf-1 exploration well was drilling ahead at 19,434
feet (5,925 metres).

Since the last progress report released on 15 November 2006, the well has
encountered a gas show over an 18 foot (5.5 metres) interval. Total gas
readings peaked at 536 units from a background of about 230 units and
chromatography indicates the gas consists dominantly of methane (C1), with
ethane (C2), propane (C3) and a trace of butane (C4).

The economic significance of these gas indications will not be known until
wire-line logs, programmed to be run after the well has reached total depth,
have been interpreted and flow testing, if warranted, has been evaluated.

Drilling is continuing towards the proposed total depth of 21,000 feet
6,400 metres).

The information contained in this announcement was completed and reviewed by the
Technical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who has
over 40 years experience as a petroleum geologist.



A whole 18 feet - WOW!

Excitable crowd aren't they?