Empyrean Energy

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

Results are due by Q1 on the seal drilling and thrust zones, so I am thinking this move today is a new year rush, and expecting it to quieten down again before any big move up prior to results. I would expect results to be released in March, but who knows.

I too am interested but hold no shares yet. Am awaiting next news on Germany before deciding to commit or not. At present, without news, VOG is the better bet.

The protected seller is very greatful to all the hype surrounding oil
and gas stocks and would like to thank the small punter for enabling
him to dump many blocks of EME stock at 41-42p instead of the usual
30-35p :-))

Nothing against this stock long term but today all the small punters buying
has let a big holder reduce,online all day you could buy below the mid price.

edited by moneyam

Shadow - Surely that information is insider dealing and therefore illegal. You posting it makes you party to the insider dealing.
Might be worth doing yourself a favour and remove the post before those chaps at the FSA ring MoneyAM up and ask for your details.

Shadow

Your post has been recorded and IP address logged. Writing false information on these boards is illegal.

Shadow,

What a blatent de-ramp, unless you have foundation for your statement I suggest you stop issuing dribble and also stop posting on AD*** as you are trying to influence people which I would suggest is illegal as significant amounts of money may well be involved.

This is latest drilling report, an RNS should be issued tomorrow about the current position.

http://www.asx.com.au/asx/statistics/announcementSearch.do?method=searchByCode&releasedDuringCode=W&issuerCode=VPE

This notice is to do with a small USA well, not the huge gas deposit in Germany?

nkirkup,

They have more than one project.

From their website-

Eagle Oil Pool Development Project (USA)
Empyrean Energy Plc has secured a farm-in agreement with Australian Stock Exchange quoted Victoria Petroleum NL to earn a 38.5% working interest in the Eagle Oil Pool Development Project in the San Joaquin Basin California.


cc

Steep rise this morning, this could be due to the german gas drilling operations due to be completed by the end of this week.

Great day, but still a large seller as the sp rises, when he has finished the sky's the limit with this stock.

A nice intraday chart :)

keeps getting better, have a feeling something wonderful is happening.

Empyrean Energy says drilling started at Eagle North-1 appraisal well
AFX


LONDON (AFX) - Empyrean Energy PLC said drilling has started at the Eagle North-1 appraisal well in the San Joaquin Basin, California.

The AIM-listed company said the well, operated by Victoria Petroleum USA Inc, is to be drilled adjacent to a previous discovery well for oil and associated gas and is expected to take approximately 14 days to reach maximum depth in the vertical stage.

Empyrean has the right to earn a 38.5 pct working interest in the Eagle Oil Pool Development Project.

A statement from the company said an independent expert has estimated that the Eagle Oil Pool Development Project could contain a P50 (probability 50 pct unrisked) reserve of 7.1 mln barrels of recoverable oil and 12.3 bln cubic feet of associated gas, with the P10 assessment estimated at 22.7 mln barrels of oil and 22.7 bln cubic feet of associated gas.

newsdesk@afxnews.com

Bought these for 42p on 3rd Jan, must confess to being a bit nervous as still hig-risk and spend alot of time travelling with work & this week set a stop-loss.
Glad it wasn't triggered. Question is will these fall back to allow top-ups & why so many trades when there are supposed to be few shares available.

Andysmith let me reccomend another stock: ELP!!!!

Its fate will be deicded within 4 weeks vis-a-vis its plan to explore for oil in the North Sea........ A reall prospect and a doubler!!!!!!!! Please put it on your watchlist at the very least and watch this motha move into gear..... its worth a punt alothugh the exploration is not guaranteed but alot of good press coming from Norway about this

jamell06, the Jaguar drill for ELP is very high risk, I agree if the result is good it will be a company maker, if the result is bad though its a massive drop in the SP, as its the main prospect. Dana recently farmed it out, and I fear that there is not much faith in it, but it could of course.

EME is a much better prospect, due to them having lower risk Eagle Pool, and high risk Germany. Just my opinions.

PapalPower I understand the risk Have a read of this article: prediction of Leixit sp increase by 3400%


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Lars Marius Furu sp aksje opp 3.400 prosent

Fondsfinans-analytiker Lars Marius Furu tror oljeaksjen Elixir Petroleum kan stige smye som 3.400 prosent. "Et spesial-case for sminvestorer", er dommen over DNO-partneren.


Artikkel av: stein Byberg (11.1.06 06:26)


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Fondsfinans-analytiker Lars Marius Furu anbefaler kundene kje London-noterte Elixir Petroleum. Selskapet eier 40 prosent av Jaguar-feltet, hvor DNO sitter p50 prosent og Rocksource p10 prosent. Elixir eier dessuten 80 prosent av Leopar-prospektet, samt flere andre prospekter.
Ifge Finansavisen mener Elexir det er 25 prosent sannsynlighet for et funn p470 millioner fat olje. DNOs ansl et sannsynlig funn p58-280 millioner fat, trolig 138 millioner fat.

I dag prises oljeselskapet til 200-300 millioner kroner. Dersom DNO f rett, er verdien av Elexir p2,75 milliarder kroner. Elexirs egne estimater gir en verdi pfem-seks milliarder. Dersom Fondsfinans f rett, er verdien hele ni milliarder kroner.

Furu sl fast at dagens bskurs impliserer bare to prosent sannsynlighet for et oljefunn pJaguar-feltet. Potensialet er phele 3.400 prosent!

Dersom Jaguar-feltet skulle feile, er ikke fallhyden stre enn 30 prosent. Aksjen sp opp 180 prosent ved 20 prosent sannsynlighet for oljefunn.







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jameel06 my concern on Jaguar is that people think it will show oil, but not be commerical enough in quantity. This was the thinking behind the fact that Dana farmed it out to DNO. If Dana were confident, why farm most of it out to DNO and therefore lose the potential gains ?