Empyrean Energy

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

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?

It won't stop it going up in the interim though, sww!! ;-))

No but if there is nothing at the bottom, and they are nearly there, there will be a spectacular result here.........

Best watch this rather than play.

As I said before this is all very Danbury Dome'ish.

They feel the need to justify every foot.

SP goes up, the players take their profits and run before the drill gets to TD.

Just an alternative view which probably is very far from the truth.

If every drilling operation worldwide felt the need to fire off a press release every time they encountered a similar thing, the worldwide web would collapse under all the traffic!!

It's laughable

LOL!

Tend to think its about time to listen the cynic(s) now.

Run up to drill hitting could be expected -- see earlier comments c25 but at this level I see trading close to FV even if is commercial as market will trade this stock at big disc to NPV which could be around 140p if found what expected. Little to say they have hit more than expected so downside risk much higher given they have nearly doubled in price

For others' ref, my "pretty little chart" is Post 503 ..... not convinced enough with my own predictions to short at this sort of level or a penny or two higher, but could certainly not advocate against locking in at least some/most/all profits at this level.

for the record, 200 dma looks to be 84 ..... sp got to 83.5 mid and is now dropping back

cynic as you understand ta, what do you think of Styerling at the mo.

Please reply there.

Ta

SWW .... done

EME possibly only smelt a whizz of gas and it launches a drilling update LOL. Possibly a fart!