Empyrean Energy

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

Funny why all you come running back to leave thread when the going get a little rough.
I will continue to hold for the time being.

tcdmct ..... good luck for i fear you will need it ..... to my mind, the chart says it all - i.e. why should sp recover any time soon? ...... EME has consistently failed to deliver, and that really is the kiss of death to large companies in the City let alone minnows

tcdmct - I guess we all get what we deserve in life.

Well, not going to make myself popular with EME holders, but here is a few posts I have put on :

PapalPower - 27 Jan'07 - 03:05 - 28349 of 28408

Well, I have been negative on EME since well over 100p, my comments about deliberate delays on EN-1 to cover over things, that G-1 was all "spun" and "I have an email ramping" and the general things that EME are not doing what they should, but are trying to gloss over things with yet more pipe dreams.

What you have seen today is a gamble by the insitutions, the discount to 35p gives them decent odds on making a profit somehow. They can simply sell some now to lock in profits over next weeks and months, which will act as the counterbalance to their being any good news, any demands can be adequately met with supply now, so you would expect any moves up to peak and then to be met with selling to bring it back down to where it started from, similar to what has been happening with FMR unloading on AST for nearly a year now.

Sadly, the market is not giving any EV value to potential anymore, not for at least another 12 months imo. This means oil juniors are being measured on production and revenue, not "what might be". Proven resource and cash in bank are good, probable and possible are not.

EME should have long ago concentrated all efforts on G-1 and EN-1, and not go in fantasy land with Sugarloaf and others. This to me suggests they are living in dreamland and happy with the jobs and salaries and want a couple more years of it imo. They can only achieve this by having ever moving goalposts, so rather than knuckling down and making production happen, they continue to float new projects and never finish off the ones they have started.

If EN-1 and G-1 were so good, and the partners are not interested, then why did EME not buy them out ? They appear to be happy to have this as a "never ending story" and all point to some time in the future when, and here we go "rig permitting", they might try something new.

I might be very negative on EME today, but I would suggest anyone else watching look for one event in the coming months. If EME suddenly announce yet another new project, then that is a terrible thing and will prove to me beyond doubt that the lot running this are just in for the good life of being a well paid director.

If they knuckle down and try to get EN-1 flowing, and try to find something commercial at Glantal, then all well and good, but if they avoid doing this, well..............


If you go back though the other thread, you'll see that following the 130p placing the price rose strongly to well over 160p, and then got sold back all the way down to 115p - and during this time it was suggested most of those who took the 130p placing sold them off for a quick buck. Do not think they kept them and now hold at average 82.5p, some may, but I would suggest the majority did not.

The placing seems timed to allow for these new holders at 35p to sell out into the wait for testing news at Sugarloaf - when companies like this place just ahead of potential news, its designed as the "give us a million, you can sell into hype for 1.5 million and we are both happy" "I keep my job and you make money".

Sorry, I have not held for a long time now, most will know I am not keen on EME and have called it down from over 100p, and have called into question their management and their actions.

All IMO so DYOR.

*********************************************

PapalPower - 28 Jan'07 - 08:29 - 28408 of 28408

Yes Skiboy10, some ropey ones there, but had you known when to buy and sell, you could have made a profit on most. If we apply the same principle of selective dates, then from EME at 1.60p to now, its one real dog of a share, however if you had been clever enough to trade in and out, you could have made lots of money, and that is what its all about :)

If you are stupid enough not to know when to buy and sell, then you will forever lose money. DYOR is of course the key to this.

We must therefore add you to the overmargined EME holders, currently well into the red and fearful of the coming March close or rollover, you simply take those that get aggreived and start getting personal, and you can easily find those on short term margined positions, which is a sad state to get yourself into.

Although there is the prospect of the 6% holding in Sugarloaf being able to contribute something to earnings (not a lot being just 6% for EME and thats pretax), there is an awful lot of work to do ahead of it. A bit of fracture stimulation, which has to prove beneficial, followed by any testing, followed by then putting it into production. A long way to go.

Eagle North-1 joins the Eagle-1 well as being unable to extract oil from this very difficult area. The second failed well. The sidetrack will be (if it ever happens in the coming few years) Eagle North-2 and given a total failure rate drilling this area so far, one cannot hold out much hope.

Glantal appears to be unworthy of anything at present, and needs a lot of confirmation work done on it before the next drill, if there is one.

Margarita, well another unknown, purchased a bit of it and hope it comes good.

The market is presently valuing small oil juniors on their production and their proven resource, of which EME, although having proven resource at Easgle, its very high risk and should be discounted as such, as it may be impossible to extract in profitable terms.

Therefore, given the sad state of affairs, with no production, the discount to 35p is fully justified imo, and I would be surprised if these holders now do not take profits into any Sugarloaf news. Selling now locks them in a good 45% profit over the 35p they just paid, and that is very good performance for a holding, just look what most funds put in in terms of annual growth.

They will have the feelers in the market, if they feel they can bounce off of the present price and sell higher, they no doubt will. Look at the last placing, they managed to bounce the price and sell off at good profits over the 130p before it came crashing down.

This is why I find it very strange for another placing just before the same people can start pumping the price on potential Sugarloaf news.

The company should have waited until Sugarloaf was tested.

Instead they appear to have got into bed with the pump and dump boys just ahead of Sugarloaf news, as they did with Glantal before, and will now pump the price while these 35p entrants take profits and sell. EME are happy with the cash, the people providing the cash happy with near 50% profits in weeks, and at the end of the day, possibly another very big fall if Sugarloaf fails with all the extra liquidity now from the placing.

The thread header says "full and frank speech", so thats what what I am doing. I was not wrong at 100p for EME and it came down, and plenty of people had a go at me for my comments then on the likelihood of Eagle and Glantal failure. Have a dig now, but the events of before might be coming back in the coming weeks, which will entail a pump of the price before gradual decline to the 35p placing price, it might just collapse to the 35p level straight off, but I would think they will try to lift it up first.

All IMO, DYOR !!!

Another thought PP, is that if Sugarloaf was going to produce cashflow, then why would EME need another placement. Maybe they have nothing on any of their projects, therefore the need for cash.

I think they are just making sure of their jobs, so rushed to get the money ahead of Sugarloaf while they could, and the ramp of Sugarloaf will allow those people providing the cash with a chance to sell and take profits.

There is a good chance, like you say, that they "know" none of their present projects has much chance of success.

Is 2 months a bit too much time for testing gas flow rates, or are they making sure there is some intrest in the company during placement.

Big Al - 27 Jan 2007 21:17 - 652 of 656
tcdmct - I guess we all get what we deserve in life.

And what do you deserve in this life Big Al,would it be something to do with Rodger and the planet Anus.

sorry if Al touched a raw nerve or even a fluttering sphincter! ...... he and i do not always agree, but in this instance we concur that EME is a load of shit, so i guess the company, rodger, anus and sphincter all have that in common!

LOL cynic...

In short, get out of EME before it goes to 10p or wrapped up 4 good.

are you trying to persuade me to short this stock? ..... lol!

lol, cynic. No...EME will short itself.

half tempted, except that if EME come good against the odds, sp could rocket and will not be able to implement stop loss properly

I really doubt EME will come good

tcdmct

As ever the eloquent reply. Get a little objectivity and you might make a few bob. People forever holding EME and its ilk are losers.

That includes you and I suspect the EME sceptics will be frequenting this BB long after your like have crashed and burned. You're 10 a penny.

;-)

PS - my parted sphincter has just dropped one on your cranium - might wake you up to the reality. ROFLMAO!

dont think so big all,i will leave you with your sunday school for that.

tcdmct, don't love your shares...love your money and don't live in dreams.

let him do his own thing .... you never know; perhaps EME will find Eldorado against the odds ...... if i was THAT certain they won't, i would short, and i haven't even though quite strongly tempted .... have you?

Fair enough that EME is not performing well at the moment & that many are disillusioned with the management and the misleading/evasive news releases, but it is not all doom & gloom, imo.
I believe that EME are drilling 9 different targets in 2007 and that the Texas & Gulf coast projects still have potential to produce good results. All are being drilled at a fixed price, so no risk of spiralling costs. I am not sure why they persist in pouring money in to the Glantal project, but the other U.S. sites still have a reasonable up side to them. Victoria Petroleum, Sun resources & Wandoo Energy, the parteners of EME, seem to think the same. I do not think that EME is any higher risk than GOO, RKH, DES or even possibly VOG. Many exploration companies operate at a loss, so valuation or the balance sheet are not particularly relevant, though I concede we could have done without the issuing of more shares, thus diluting the value of the current ones.
As for holders of EME stock being losers, a loss is only realised when the stock is sold & with no disrespect intended, the investors room is full of people who have got their fingers burnt, SEO, ELP, SBT, PRTY to name but a few stocks, but until EME shares become valueless, no one is a loser. It's interesting to note how many of you sceptics discreetly keep your eye on EME just in case you are proved wrong!