Empyrean Energy

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

funding this company is no problem as eme will reward the investor with the sugarloaf due to be announced. 80p

No way that EME will reach 80p in this economic climate. Even 30p will be a big struggle.

if the sugarloaf comes good then eme will prosper.

And if it doesn't it won't.

i never said a word!

Mr kelly is confident with 40 years experiance that eme sugarloaf will produce when vast flow rates arenoticed with the drilling venture.

has he actually been down the hole and had a good scout around? ...... i rather doubt it for some reason ..... no oilie drills other than in the expectation of coming up with the bacon ..... unfortunately, even the best informed all too often come back smelling of pig shit instead!

Oh dear, what's happened here?

2 days ago .....

Empyrean Energy Plc, the oil and gas explorer and producer with assets in Germany and the USA, announces it has raised 500,000 before expenses, through an institutional placing via its broker Blue Oar Securities Plc ('Blue Oar') of 3,333,335 new ordinary shares of nominal value of 0.2p each in the Company ('Ordinary Shares') (together the 'Placing Shares') at a price of 15p per Placing Share (the 'Placing').

That won't get them far with drilling costs the way they are. This is starting to look very nasty indeed.

and i bet the expenses were a big lump too

I do know the smaller operators are now finding financing very hard to come by. They're cutting back their ops in the North Sea as I understand it. Of course, those with producing revenue can self finance future drilling.

I don't include EME in the latter, I'm afraid.

Details from australia for Empryean Energy by thursday/friday very exceptional rates .

Not many posts on EME on this thread. I need to encourage people to move over from ADVFN to here as ADVFN don't allow free access to their site from mobiles. So, what's the prediction for tday, 13p or will it rise on expectation of news next week?

members of ADVFN are of course welcome, always provided they behave themselves instead of like drunken pikies, as so often seems the case there ...... members here know my views on EME, and i for one certainly would not expect a rush northbound, or if it happens, then not for long

I thought the results were today, but nothing yet. Of course, AIM companies have a little latitude from memory.

Results won't be encouraging, I suspect.

AIM companies may take "latitude", but it does not mean they are entitled to it ...... old adage is that bad figures always take longer to add up than good

Unfortunately true, cynic.

Areas concerned with Eme in Texas sugarloaf , next week will be highly uplifting as flow rates are to be exceptional. Seriously under valued. buy Empryean Energy in time over 80p.