Empyrean Energy

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

20mmscfd is a bit more like it. 1mmscfd is max into pipeline?

A wee bit of cashflow for a year or two max. Better than nothing at all.

Nice break out of the flag. ;-)

Where you been hiding tcdmct? LOL!

cynic - numbers thing. Was inferring that this was a short term thing and there'll be nothing left in a year or so.

i.e. a share to trade and definitely not fall in love with. ;-)))

Hi Al.

Come on boys keep rowing!!! where is everybody???

Just away getting the outboard motor. :)

A wee short at 64

wondered when you would turn up? :-)))

done a runner for no reason i can see

Am waiting for Cynic to turn up yet.... lol

I caused all this, i bailed out at 42p last week... no need to thank me...

Hmm... tad more than 64 to buy them back now Al..
Interestingly I got tipped these at the weekend, but after a bit of reading, and a bit of oilfield knowledge, decided that their two big prospects looked a tad ropey,
so decided definitely not for me.
Judging by today's share price performance a little knowledge is a dangerous thing!!

Indeed John. Of course, "ropey" does not mean it won't go up. ;-))

Added a couple more. Am expecting resistance around 68-70p max

I'd purchased a stack of these when they were above 100p, and just watched(cried) as they fell all the way back, decided to average down instead, good job! hope it continues

Al...or continue to go up and then defy gravity??!??!

PS. Punctuation says a thousand words

Bloody hell!!

John - EME can stay irrational longer than anyone can stay solvent. ROFLMAO!

I always have a stop and stick to it. Those who don't get fooked! ;-))

Surely not even Bill Gates!!

does anyone know why the sudden increase in share value over hte last few days? my shares average out at .80p from about a year ago.

Never thought this would get back to anywhere near 80p, more news must be on the way and be good!

Janet, they are partners in a major Texan gas field discovery. Suggest you do not sell your shares for a couple of months yet as more news still to come.

To be exact they are partners in a field which contains a lot of natural gas. However permeability (interconnected pore spaces) is very poor and as a result the gas will not flow between the spaces in the rock and into the well. Current work ie fracture job if remedial cementing successful and long reach well (5000 feet horizental section) are attempts to overcome the problem and have no guarantee of success. If both fail the shares will tank.

Considering the depth of the new well and its profile I'd be surprised if it is drilled in less than 3 months.

Personally if I was to hazard a guess I'd expect that the field may well prove to be commercial but that overall returns will be lower than initially prognosed.