Empyrean Energy

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

sww - no problem. There's never any absolute certainty of course, but it's been an interesting exercise in outing the likely truth here.

At the end of the day, gas readings whilst drilling are highly subjective and can be easily influenced by the overbalance of the mud. I've drilled reservoirs that have been gushers, but we saw nothing due to the high differential pressure. Then there's the flipside - here we saw, on the surface of it, decent gas shows, but we were not given all the info, i.e. mud weight, ROP, flowrates, etc, etc, which all determine the value of that gas show. Of course, with EME and many other explorers, they emphasise the "good" and the suckers pile in. The fact the have to frac to get anything meaningful implies the gas shows when drilling were highly misleading IMO in the overall scheme of things.

That is also a good lead into the article you linked. It sums things up perfectly. The gold rush in AIM resource stocks was over early this year IMO and the majority of money has been made watching hopes becaome disappointment as fail to deliver even a sniff.

The BBs are full of threads dedicated to once hopeful outfits that are approaching the end, FAO indeed being one. They've no cash left, but punters are still running around quoting this or that valuation. At the end of the day, it will go for bottom dollar, otherwise the bigger fish simply wait for the company to die and pick the acreage up for little or nothing when it is put back up for sale/lease.

RESOURCE STOCKS ARE HIGH RISK!!

I just wish small investors would realise this and invest accordingly, which also means when to get out and how little to risk when you invest in these things!! Unfortuntaely the BBs are populated by mugs desperate to make quick cash and they swallow RNS's like sweeties.

Speaking of swallowing, where's my buddie? ;-)

Oh my god, have you seen the latest, a 44% share in project Margarita. 6 low risk shallow wells followed by 3 higher risk deep wells. I reckon were gonna have RNS's coming out of our ears. Still it may push sp a little higher because Sugarloaf certainly isn't.

I like the drink and the project intrigues.

Overall, though, there's stuff to produce in Texas, but let's not get carried away. It's probably the most mature province in the world and finding / producing large ain't possible.

What EME, like all small outfits, really needs now is cashflow from production or selling finds on. It can't keep haemorraging (spelling?) money like this forever.

Big Al : that is one of the problem with the RNS as is does not mention how much the farm-in costs. This may well give them production in the near term but would like to know at what cost to EME.

Rutherford - very true.

How often do we see crucial info left out? ;-))

http://moneyam.uk-wire.com/cgi-bin/articles/200612060736123342N.html

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

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

AIM quoted Empyrean Energy PLC today announces that since our last report on the
4 December 2006, 5 inch production liner has been successfully set and cemented
at 19,791 feet and has been tied back into the casing at 17,000 feet. The
drilling rig is presently laying down drill pipe.

Empyrean will inform the market as soon as it receives confirmation as to the
likely timing of availability of the deep work-over rig required for testing.

Breakfast was at 5am and consisted of hickory smokey bacon on rye...........

Update 13th Dec '06

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



Sugarloaf Prospect, Texas USA

Empyrean advises that the Sugarloaf drilling rig was released on 9 December
2006. The Joint Venture is currently working on a suitable testing program for
the well and is in the process of contracting appropriate equipment to undertake
these operations. We will advise further once this timing has been firmed up.

Through recent support - next stop 48p likely?

;-))

EME is now into Margarita Project...this is a joke. This management really can't concentrate on what they are doing. Sugarloaf is hanging in the air waiting for appropriate equipment, and now they are in the margarita project. Surely they could foresee what equipments are needed - very amateurish organisation

I think they are trying to divert attention from Sugarloaf....maybe non-commercial.

AVOID EME!

hlyeo98,,,,,,,are you thick

Because a company lets its investers know what it is buying into then they are doing it to divert attention from other things.

God sake get a life or even a wife.

don't particularly agree with hyleo's logic, but sure as hell agree with him that this share is for fools and horses only ...... the company has disappointed far too often to warrant support, though that does not prevent many a lemming from diving in in hope ..... or even hanging on when everything dictates otherwise (qv SEO) in the vain or vague hope that all will come right in the end ...... it rarely does!

tcdmct...you can live in hope...but I'm sure you will live in vain. Are you blind that EME is drifting downwards?

i've switched to Petrel...watch it rocket next week

Hi Maestro, do you think its going to rocket because the've got rid of Saddam? I think that because of the political and unstable situation in Iraq at the moment, this is a stock that one can afford to miss out on, as there is going to be an enourmous risk trying to bring it home. What does anyone else think.

Still waiting for the EME bulls to comment on the results released 29/12/06.

Where have you all gone?

I said:

Big Al - 13 Dec 2006 14:56 - 606 of 613
Through recent support - next stop 48p likely?

;-))



I see it banged off 48p briefly on Friday. Wonder if there's support or whether we're heading for 30p again.

all oil stocks will crash except Petrel...its obvious thats why mad Bush wants to keep the Iraqi oil in the ground and he is trying every trick in the book to make Iraq unstable along wih his zionist friends threatening Iran with nuclear bombs

This thread is for EME not PET so stop ramping here........

http://news.independent.co.uk/business/news/article2132467.ece

"Iraqi government sources say the hope is to have the law on the books by March."

Not tomorrow then!

maestro .... you are a boor! ...... by the way, have you decided to drop your petulant accusations that I dereamp?