Empyrean Energy

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

SWW ... i think that was a backhanded compliment, in which case thanks!

It is the eternal problem with BBs, sww. You're a hero if you call it right and everyone makes money, but try telling folk they're wrong (after a fashion) and all hell breaks loose.

My opinion of threads is that they are there for discussion on whatever subject. As ever there are pros and cons to everything and threads do not solely exist for the bulls of the stock (for example). If people were objective instead of believing they were right about a compnay regardless of the obvious then trouble would be avoided.

Personally, I'll post good and bad on any company. I'm afraid it's tough if that rubs some up the wrong way.


As for EME, it's surprising the news of testing didn't liven up the price much. It would have a few months back.

Big Al - "As for EME, it's surprising the news of testing didn't liven up the price much. It would have a few months back. "

Yes, seasoned posters know all this, but of course the E & P sector is being bashed for failing to come up to expectations, just look at past fund raising compared to results.

I can think of one clear example off the cuff, Hardman placing @ 98p, company bought for 78p 3 months later.

Not too bright of the institutions was it?

There are many others and if some want it I will research tomorrow.

EME is a victim of this imo.

It is a time to reduce or even sell out imo.

Time will pass and sentiment will change, but I think as with last time it will be years before it does.

So I would say, pick your oilies carefully for a LTBH.

I have!

At some time these outfits must produce a return, sww, otherwise they just dilute by raising funds to drill dry (ish) holes.

As you say, the market, and AIM in particular, is now littered with the dead and dying. You are right - EME is likely to be one of these. Any that haven't made the grade in actual discoveries by now with the sector "froth" gone has probably missed the boat.

Bummer, but s**t happens. ;-0

massive sugarloaf news coming next week imho

maestro ... racing certainty you have said similar on this thread before with very predictable outcome ...... what is the basis for your bullish prognostication?

trust me cynic...2 weeks is nearly up

of course i trust you ... lol! ...... but fortunately (i think) i do not hold these ..... have sufficient other flakey (some don't like my adjective of spivvy!) E&P stocks

EME says it takes 2 months.

maestro...your information is wrong. see below...



Empyrean Energy PLC
14 February 2007



Empyrean Energy PLC

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


Sugarloaf Hosston Prospect, Texas USA

Testing of gas shows commences


AIM quoted Empyrean Energy PLC today announces that the Sugarloaf 1 well
testing program has now commenced.

As previously advised, the testing program will involve high density perforation
of the production casing over selected intervals in the lower part of the well.
Subject to results the program could be amended, including extended flow testing
of zones, but is expected to take up to two months to be completed.


Further releases in relation to the Sugarloaf-1 testing program will be made
upon any material developments and results from these tests.


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.

It's actually a fairly cleverly worded RNS that one. If you know the business and what the operation entails you could read all sorts into it.

For me the main thing is that the "reservoir" is deep and will probably be very tihght in that part of Texas, hence "high density perforation". We'll see how it goes and if it needs further stimulation. ;-0

Might drop a little this morning with this news from Oz.... (I do not hold)


ADI -25%
EKA -13.51%


Sugarloaf-1 Well Testing Program - Lower Hosston Interval Perforated
The first part of the testing program over the lower Hosston interval has been completed by perforating several zones. As per the program design, these zones were not fracture stimulated and no flow of gas was recorded.
As envisaged in the original testing program, the next stage will involve the perforation and fracture stimulation of selected intervals of the upper Hosston sands which are interpreted to have better potential reservoir development as compared to the lower Hosston intervals. The fraccing program is currently scheduled to commence in early March.
Further ASX releases in relation to the Sugarloaf-1 testing program will be made upon any material developments and results from these tests.
Participants in the Sugarloaf-1 well are:
Eureka Energy Ltd 1
12.5%
Texas Crude Energy Inc (Operator) et al 2
41.5%
Aurora Oil & Gas Limited
20.0%
Adelphi Energy Ltd
20.0%
Empyrean Energy plc
6.0%
1 Through its wholly-owned US subsidiary, Hosston Oil & Gas LP
2 Includes other private US companies / investors

It's shaping pretty much as expected then. ;-0

They're still not dead in the water here, but I'm wondering why they didn't frac the lower interval. Then again we are not party to the detailed testing programme. The question is "why perforate then?" Definitely negative news, but then they only had 6% anyway? I gues you read it whichever way you want really.


The saga continues ............. ;-)))

Through short term support, but found something a touch lower.

".....Wireline log operations, including sidewall cores were conducted over a period of 20 hours. Initial interpretation indicates there is potential oil pay of 4.3 meters (14 feet) within the target sands..."

click here

strange that there is no reaction to sp pre-opening .... would have expected say +10

Is that the same well, sww? Milagro #1 vs El whatever? I'm confused.

AL .... pretty muted reaction to what i would have thought was quite a significant rns .... any thoughts? .... not that i hold!

Cynic, this is not significant at all considering it is just 14 feet and questionable of oil mixed with water.

thank you for that elucidation!