Empyrean Energy

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

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

yesterday I sold my 20,000 shares at .65p I have taken a 3k loss on these since buying them. I based my decision on one minute they were .75p and then about 20 mins later to sell they were down to .65p. I decided to take the .65p and have a breather. Having said this this morning they have been up higher than .75p and have now dropped back down to selling at .64p. these shares have been down as low as .24p at one stage since I have had them. an example is fep one week they were .55p a week later they dropped to .45p. As cynic normally qoutes. do not catch a falling knife. good luck to all holding.

Stops & re-entries. ;-))

Nice ;-))

have been away for a week, but glad youcut janet .... forget that you made a loss; it was a damn sight less than it might have been ..... Monday could be testing all round

hell cynic, I was wondering how you was keeping as you had not posted any messages for a few days. I am please that you are okay and have been on holiday. good to have you back. take care for now.

sorry about missing the o off hello. a typing error sorry

2 Aussie jvp's recently suspended believed to be fund raising for S/Loaf? Come
tomorrow one of those will relist (with the other due no later than tuesday)so
we should have a clearer picture, but on the face of it one would expect such a move to indicate a positive view. Rather be in than out.
cyril

Flat. ;-))))

Excellent news from Aussieland, EKA applied to reinstate and AUT have issued an
RNS ref to fund raising. Positive as they relate to S/Loaf, with S/L1 cementation
successful and fracturing expected next month. Also annouced for Aug is a 2nd
S/L well which will be horizontal,will be interesting as to how today's trading
will be.
cyril

Cyril - I've not seen a news release re successful cementation of Sugarloaf-1. Do you have one?

The last reference was the RNS of the 11th saying the rig was on site and would commence the work scope with it expected to take up to 3 weeks.

Al, its via their web sites, you can goto ASX for info . For Aussie
shares try hotcopper.com.au
cyril