Empyrean Energy

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

Surely cynic, at 15million approx the market cap on this one is too small for you, haha.

anything over 10m is doable ..... how long EME stay above that level is another matter, just as happened with BFC

Spread too big for me, cynic, but best of luck. Dunno how much downside there is.

HARRY - commiserations. C'est la vie

haven't done it ...... bought back into gold instead on basis that $ is now weakening quite significantly .... got stopped out last time i did it, about $4.00 below current, albeit at a good profit.

Hmm, interesting RNS Monday.

Water coning - who turned the tap on too quickly, eh? Naughty, naughty. Either that or it's water-wet anyway. 1 down, 2 to go and 3 to drill.

Wouldn't it be great if EME had a week where they actually released all good news? Full of promise 18 months ago and then they got down to the nitty-gritty. Oh well. ;-))

You seem to be fixated by this one Big Al !!! Do you have a vested interest? Or just memories of a former lifestyle? :o)

HARRY - not fixated as such, but being in the busines I've found it a tremendous mental exercise deciphering the RNS's and interpreting the true story.

I don't think I've done too bad so I check their releases every so often and attempt to pit my wits against the management of EME. LOL

Great fun.

On the serious side I really don't have a lot of faith in EME making the break from high-risk explorer to anything concrete. After the initial excitement of potential, they've consistently failed to return anything at all!

Sadly, I agree. I fell in to the trap of being 'Brand Loyal' so hung on to my EME which I bought at 97p way back. Sold recently at 42p as thought I could make up the loss with IPL, so took a bit hit. But as you said, c'est la vie. Golden rule, don't get attached to a particular share, which is what I thought you had done.
I'm out & staying out for a while, though will keep it on my watch list.

HARRY - I bought some at about 34p and sold in the 90's just over a year ago when all the excitement began. I didn't get the bottom and I didn't get the top. For me, I work in the business so I like to keep an eye on things.

Sorry for your loss, but it obviously didn't wipe you out, which is great news. You live to fight another day!! ;-))

Anyone any new

EME is a no-go area. Poor management and I think they will be looking for funding soon

Hlyeo98

Can i ask why you think this is a bad stock,as a no go area.
Also how did you get on with your investment with patientline(ptl)

Eme have 3 vast projects and are duly on course to deliver the sugarloaf-1 and margarita plus the eagle-1 in califonia with vast reserves, and quality production of oil & gas.

"On course to deliver?" asked Cynic acidly. "It'll be the first time EME ever have, and the market looks underwhelmed too," he continued

The last time I saw, "on course to deliver...." it was 75kbopd from Chinguetti.

12 months on, that "no brainier" is now producing 22kbopd and has been the grave of one good company, Hardman Resources, 3 other members who were on course to deliver, have now arrived at their destination at selling out at a loss.

E&P is a veritable minefield and buyers need to beware, and be realistic about what they are buying into.

EME is a case in point imo.

PANR is another, lots of inflated RNS's, and promise, and failure to deliver.

Never mind, next time they need cash to start again, they will go to the market!!!

Sound familiar?

It should do, there are more than just a couple that have done that of late, that is if they have not sold out first.

EME is a company which give false promises. It should win an award for that.

so does EMI they tell me!

Nothing's changed IMO. An investment in EME is dead money for the foreseeable future.

Why bother?

Another flop.

El Viejito #1 Well

The well flowed gas at a rate up to 210 mscfd within a 24 hour test period,
however due to the high vertical permeability of the sands (atypical for these
sands) water influx from below the gas bearing interval gradually choked off gas
flow reduce, due to the increased column of water within the production string.
If the gas bearing interval had a base seal separating the gas and water then
the zone would have been a good commercial producer. It was determined that
remedial work to prevent or inhibit water inflow was deemed to be unlikely to
succeed and not cost justifiable; therefore the well was suspended and can be
used as a water disposal well for other joint venture wells in the area.
...........etc

now there's a surprise! ...... holders of CHP and GOO had better hope "floppy disease" is not contagious!