Empyrean Energy

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

thats not answering the question cynic, why are you here?? am out myself.

I think people are entitled to comment on companies they have no holding in. What is it that some think if you don't hold you shouldn't post? Nuts.

chill big al, only stirring cynic, good day so far.

serves you right Emu - lol!

Wasn't necessarily getting at you, Balerboy. I just get so fed up on threads that someone should not voice an opinion on a company if they've no position in it. All views should be welcome in order to generate some objective debate and not the usual ramping ramblings of some plonker who hasn't a clue! Complete bollox IMO.

;-))

Must be refering to you cynic......:))

Emu - you're slagging the wrong person

Al i don't see what your problem is,no great ramping or stiffling of debate IMO? I would be interested to hear your views on why institutions would
invest 3.6m in a company worth 7.9M, effectively taking a 1/3rd stake,to help us debate it?
cyril

Cynic answer to your question is below,eme have 38%.

http://www.vicpet.com.au/farmin/eagle_feb03.pdf

And this
From September:


"R&M is currently finalising discussions with the JV partners in regards to the acquisition of approximately 20 square miles of 3D seismic over the project area. The seismic acquisition will evaluate at least two other shallower zones of interest in addition to the Gatchell Sands that are known to contain oil".

Makes me cynical?lol. You can also throw in Glantel a potentially hugh
CBM asset in Germany,so you can see it's not all about Sugar Loaf?

cyril

http://www.asx.com.au/asxpdf/20100415/pdf/31pslfsdwgyyf0.pdf
cyril

at what price did you make your spiffing investment here?

http://www.asx.com.au


EKA up over 1/3rd in the last week,10%+ on the strength of MORGAN.

cyril

Empyrean Energy PLC
('Empyrean' or the 'Company', (EME))

Glantal Project, Germany


Empyrean Energy Plc advises that it does not intend to apply for an extension,
nor new permit application, over the Neues Bergland Permit, covering the Glantal
and Lautertal Prospects in Germany.

This decision has been made with the intention of focusing the company's efforts
on its American assets. Recent results from the Texas based Sugarloaf Project,
in particular, justify the decision to focus the company's resources in part on
the development of this exciting Eagleford Shale and Austin Chalk discovery.



"Recent results from the Texas based Sugarloaf Project,
in particular, justify the decision to focus the company's resources in part on
the development of this exciting Eagleford Shale and Austin Chalk discovery"
cyril

Empyrean is pleased to provide the following update on operations at the
Sugarloaf Project within the Sugarkane Gas & Condensate Field, Texas.
Morgan-1H
Empyrean has been advised by the Operator that the multi-stage fracture
stimulation operation on the Morgan-1H has been successfully completed and the
well is presently unloading to sales. A further announcement will be made once
stabilised results have been achieved, currently anticipated to be later this
week.
Easley-1H
The fracture stimulation of the Easley-1H well is well advanced and the
operational design is similar to that carried out on Morgan-1H. Following
completion of this operation the well will be flowed directly to sales.

A further announcement will be made as significant developments occur.

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.

cyril

http://www.asx.com.au

From ADI announcement, flow rates of both Morgan and Easley.
cyril

65279;

5th May 2010

Empyrean Energy PLC

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

Sugarloaf Project, ("Sugarloaf"), Block B, Texas USA



Further success at Sugarloaf.



Empyrean is pleased to provide the following update on operations at the Sugarloaf Project within the Sugarkane Gas & Condensate Field, Texas.

Morgan-1H

Following the successful fracture stimulation of approximately 4,400 ft of horizontal section as per the frac design, the Morgan-1H well was flowed back to sales commencing on 27th April 2010. The well production has now stabilised and the following Initial Production rate was achieved:

5.16 mmscf/d Gas & 2,046 bcpd or 31 mmscfe/d



Easley-1H

Following the successful fracture stimulation of approximately 2,750 ft of horizontal section as per the frac design, the Easley-1H well was flowed back to sales commencing on 1st May 2010. The well production stabilised relatively quickly and the following Initial Production rate was achieved:

6.81 mmscf/d Gas & 780 bcpd or 17.9 mmscfe/d

Whilst these initial rates are very encouraging, the following points should be noted:-

These values are the maximum average rates achieved over consecutive 24 hour flowing periods since the wells were brought on line.

The gas equivalent rates have been calculated using a 12:1 conversion ratio and a 25% uplift in the gas rate based on the observed high calorific value of the gas produced within the field to date.

These are initial production rates observed during clean up and as such are not yet indicative of a short or long term production profile.

The wells still have considerable fluids to recover from the fracture stimulation operations.

The wells are currently producing through the production casing. A production tubing string will be installed in due course in each well.



A further announcement will be made as significant developments occur.



Commenting today, Executive Director Tom Kelly said "Hilcorp is doing an excellent job as operator right now. Since their agreement to farm-in they have successfully brought 4 wells into commercial production. The objectives of the farm-out to Hilcorp included achieving a free carry on this appraisal stage of the project and partnering with an operator with the necessary experience and resources to successfully advance the project into the full development phase. These objectives are being met. The initial production rates from Morgan and Easley are at the top end of expectations and the combined gas and condensate rates compare very favourably with initial production rates within the regional Eagle Ford Shale trend. We look forward to the results from the fracture stimulation of the Rancho Grande well in due course."

cyril

Just checking the producing fogures,
Morgan,Easley and Weston have a combined total of
17.65mmcfg/day and 3240bopd now at 3% thats works out at
529500mcfg/da 97.2bopd

Kunde,Baker1 and 2 combined produce,
8.8mmcfg/day and 1910bopd now at 7.5% =
660,000mcfg/day 143.25bopd

The overall total = 1.19mcf/day 240.67bopd to EME
call it 300bopd for ease of working
At $80bo that works out at
300*80*330*0.6612 =5.24m gross/year

EME's M/Cap is less than 12m(with the new placing)and have in the region of 4m in cash. That's my rough calc's?
cyril

and the market says, "how dull!"

Thats what you more or less said of CHL and it has since 3 bagged.
cyril

so keep praying and don't forget to tell us all about all the crap you hold that proved to be exactly that