Empyrean Energy

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

please show me the stunning sp performance other than a brief surge earlier this year, quickly followed by an equally stick-like performance

I may be wrong here cyril but without looking back at the thread, aren't you the guy that said 'last chance to get in sub 60p' just a few weeks ago?

Great recommendation you gave !

Irrelevent what the company does or is, it's on Aim it's being hammered by all and sundry and will probably go back to sub 20p IMO

Exactly the point dealer, its this dreadful bear market thats responsable for the
SP of "many companies and not just EME(DGO is not aim)'s SP which is taking a
bashing. EME seems to be holding up quite well in the circumstances and has several wells to report in the not to distant future.As far as the 60p post the SP
was taken down to allow institutions in and they were more than happy to do so.
They would have been given a better insight than the ordinary IP for sure?

The question was "which S/Loaf Well is a duster"?
cyril

;-))

Someone say Frac? LOL!

Empyrean is now part of a major discovery in onshore USA and the early results from this project should give everyone confidence. This is the second project that Empyrean has brought into production in just under three years since floating on Aim. Some projects take more than 10 years from conception before a first well is drilled. Empyrean has a tight committed team dedicated to continuing the momentum that exploration success brings. At Sugarloaf Block B alone there is the possibility of at least another 34 wells to be drilled to develop the acreage. If these wells are brought successfully into production with anything like the initial flow rates from the first Block A-1 and A-3 wells then it will likely be a worthy "feast". If we have additional exploration success from our other projects then it has the possibility of being described more as a "smorgasbord". Empyrean is in the strongest position it has ever been in during its short history.
cyril

"Some projects take more than 10 years from conception before a first well is drilled"

With the oil price this high, that's a rubbish statement, cyril. Sorry!

On the frac, the important piece is the proppant. Anything less than 50% would normally be considered a failure. Wonder if they got away 49.6% or 50.4%. They plainly had a screen out way before the point they wanted and the share price movement recently reflects that. ;-)))

Eme wont take that lone to reveal the Sugarloaf-1 contents. On an enermous scale.

This is from Tom where he refers to developing the acreage:-

The share price has been very volatile, and despite the recent gains, it's still well off previous highs. How confident are you that we are ending 'famine' and entering
"feast"?
Al this is the question that TK replied too,the answer i pasted earlier.
So the CEO's words not mine.
cyril

cyril - I realised that. Wasn't implying otherwise. ;-)

Al ; Not sure if you are aware, but all the acreage has been bought up and they're
are now in the process of building production pipelines.
cyril
ps, all my spare pennies have thrown at EEN, although its partner GPX after today;s drop may be the better buy? imho

........... but how much to produce?

I now get the Texas thing better. They're hitting horizons that don't flow well, porosity might be there, but permeability ain't, hence frac. I've taken a quick look over the recent flowrate numbers and I have to say they are pretty poor. In addition, the frac job went average at best, which means they are in the realms of serious wildcat. I alluded to this before when I could not quite understand why they were suddenly all the rage in an area that has been drilled to oblivion for decades.

My opinong has not therefore changed despite my absence from this thread for some months. Don't stick the kitchen sink on EME. There's a far higher probability they'll cock it up than make you a fortune IMO. Trade it by all means, as I have, but don't invest longer term.

Wise words Big Al, and always worth reading your posts on a subject you know a lot about.

Many thanks.

Hi cynic, what you up to?

http://www.adelphienergy.com.au/files/asx/ASX%20Release%2028%20July%202008%20-%20Investor%20Presentation.pdf<

cyril

avoiding companies like EME who have a bad history of flattering to deceive

Link on post 1533 now working.
cyril

ARQ qtrly dtd 31 Jul:-

CORPORATE REVIEW
Adelphi Energy (ARC 32%)
During the quarter a light sand fracture stimulation programme
(frac), over a 600 feet interval in the Kennedy-1H well in the
Sugarloaf area in the Austin Chalk, gave a stabilized condensate
flow of approximately 40 barrels per day with minor gas. A
second frac over the same interval was carried out in an attempt
to improve this flow. Initial flows commenced at 0.4mmcfgpd and
106 bcpd but declined to approx 35bcpd over a period of five
days. The well continues to be monitored.
The next Austin Chalk well in the Sugarloaf area is called Kowalik-
1H and spudded on 18 July 2008.This is the first in a continuous
sequence of up to 4 horizontal wells designed to test the
productive upper part of the Chalk, a zone which has yet to be
tested in the Sugarloaf area.
On 15 July 2008 Adelphi announced a one for six nonrenounceable
rights issue to existing shareholders at 32 cents per
share to raise approximately $5.7 million. The offer opens on 24
July 2008 and closes on 8 August 2008. ARC Energy has
committed to taking up its full pro-rata entitlement in relation to
its 32% shareholding.


http://www.arcenergy.com.au/files/quarterly/ASX%20-%20Quarterly%20Report%20ending%2030%20June%202008.pdf
cyril

RNS Number : 3019A
Empyrean Energy PLC
31 July 2008



31 July 2008

Empyrean Energy PLC

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

Sugarloaf Prospect, ('Sugarloaf'), Block B, Texas USA







Empyrean Energy Plc, the oil and gas explorer and producer with assets in Germany and the USA provides the following update on operations on Block B which is part of the Sugarkane Gas and Condensate Field:




Kowalik #1H Well



Empyrean has been advised by the Operator of the Sugarloaf AMI, Texas Crude Energy Inc ('TCEI'), that as of 06:00hrs 30/07/08 (US CST) the Kowalik #1H well had reached a depth of 6126ft in the 8 ' hole section and was drilling ahead. Since the last operational update the 13 3/8' and 9 5/8' casing have both been run and cemented, with the latter at a depth of 6,020 ft.




This vertical section of the well will be drilled as a pilot hole down to approximately 11,970 ft through the chalk. This will then be logged, plugged back and the well sidetracked in the 8 ' hole siz

RNS Number : 3019A
Empyrean Energy PLC
31 July 2008



31 July 2008

Empyrean Energy PLC

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

Sugarloaf Prospect, ('Sugarloaf'), Block B, Texas USA







Empyrean Energy Plc, the oil and gas explorer and producer with assets in Germany and the USA provides the following update on operations on Block B which is part of the Sugarkane Gas and Condensate Field:




Kowalik #1H Well



Empyrean has been advised by the Operator of the Sugarloaf AMI, Texas Crude Energy Inc ('TCEI'), that as of 06:00hrs 30/07/08 (US CST) the Kowalik #1H well had reached a depth of 6126ft in the 8 ' hole section and was drilling ahead. Since the last operational update the 13 3/8' and 9 5/8' casing have both been run and cemented, with the latter at a depth of 6,020 ft.




This vertical section of the well will be drilled as a pilot hole down to approximately 11,970 ft through the chalk. This will then be logged, plugged back and the well sidetracked in the 8 ' hole size to the top of the chalk before 7' casing is run prior to drilling the horizontal section. The well is planned to have a 6,000ft horizontal section and is targeting the upper pay interval that has successfully produced gas and condensate in Block A (TCEI JV Block A1 and A3 wells). The Joint Venture is working towards this being the first in a continuous sequence of 4 wells.




Kennedy #1H Well




Empyrean has been advised by TCEI that following fracture stimulation operations, which took place on Thursday 3rd July and subsequent clean out operations, the well has continued to flow at 30 - 40 bbls of condensate per day with associated gas and minor volumes of fracture fluid. Over 5,000 bbls of fracture fluids have not been recovered from the most recent stimulation. The present production rates originate from 17ft of perforations in the bottom 600 ft of the horizontal section.




This well was drilled horizontally within the deeper section (potential 'middle pay zone') of the Austin Chalk accessing a chalk horizon not previously tested within the Sugarkane Field. Whilst the gas and condensate flow rates are minor at this juncture the production represents the first sustained hydrocarbon flow from this deeper horizon indicating additional hydrocarbon recoverability above the already considerable resource estimates associated with the upper chalk horizons. The Operator proposes to place this well on long term test to allow for possible further clean up and to monitor flow performance. It is not expected that additional operations will be undertaken at Kennedy #1H until Q1 2009.







About the Sugarkane Gas and Condensate Field




The Sugarkane Field is a unique Austin Chalk Formation play that lies some 20km south of the main Texas Austin Chalk trend. In the early stages of appraisal the field is exhibiting many characteristics superior to the classic Austin Chalk fields such as the nearby Giddings and Pearsall fields that have produced over 5 Tcf of gas and 600 mmbbls oil. Notably, the Sugarkane Field is over pressured, has a higher porosity and a higher condensate to gas ratio than the classic Austin Chalk fields.




The Sugarkane Field is interpreted to cover an identified area exceeding 200,000 acres with potential gross reserves estimated at greater than 3 Tcf of gas and approximately 700 million barrels of condensate making it potentially one of the largest undeveloped gas and condensate fields within North America.




Further updates will be provided following developments.

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.




For further information

Empyrean Energy plc

Tel: +44(0) 207 182 1746

cyril

Today's bad news reflected in the share price. I'm still sure that there is in no way anyone would have left a field in Texas as big as is claimed for Sugarxxxx (loaf or kane).

It doesn't make sense to me.

Sorry all.

sorry to have to keep repeatiung again and again ......... avoid companies like EME who have a bad history of flattering to deceive