Empyrean Energy

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

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.

Which one's that, mr mud?

The theoretical figure expected if things had gone as hoped of course.

A question. Why does a ROyal FLush MAke Oil?

I think you'll find its the 16 drill program into the Sugarkane gas project(believed to be a multi trillion gas field discovery)which is causing all the great excitement.And if
correct, well i suggest holders put on their safety belts as we will be subject to extreme G Forces.

cyril

All joking apart, this is not the result expected from some posts here........

So, anyone wish to give an explanation concerning that?

SWW EME have results of 2 more shallow wells from Margaretta due shortly.
The above post is as i posted on top of that we have the Sugar loaf
deep well result, also Marg deep well and Eagle appraisal well due for drilling sometime 4thQ.
And the wildcat Glantal in Germany sometime in the future, and all for
about a M/Cap of 35m. One heck of a portfolio for such a minor company imho.
cyril

Glantal was supposed to be 6 trillion cubic feet.

looks dodgy to me...quick rise, quick fall