| 16:23 15/05/2012 | FoxDavies..... |
| http://www.oilvoice.com/n/FoxDavies_views_from_the_trading_floor_Chariot_Oil_Gas_Matra_Petroleum_Bahamas_Petroleum_Range_Resources/130c877dd8fc.aspx By Teadrinker |
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| 13:17 15/05/2012 | Re: Hello Vincent ! |
| Do tell.... By PC Fox |
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| 9:30 15/05/2012 | Another +ve RNS |
| Like the part at the end that says we will be getting another update by June 30th... bring it on!! They are keeping us updated quite well I think and hopefully we will hold onto some of the rise today in anticipation of another positive update within 6 weeks. 15 May 2012 Empyrean Energy PLC ("Empyrean", "EME" or the "Company"; Ticker (EME)) EMPYREAN NOTES THE RECENT ANNOUCEMENT BY AURORA OIL AND GAS LIMITED (ASX CODE : AUT, "AURORA") OF AN AGREEMENT TO MAKE AN ACQUISITION OF A NON-OPERATED 6% WORKING INTEREST IN THE SUGARLOAF PROJECT FOR US$95 MILLION. Aurora today announced that they have reached agreement to purchase a 6% non-operated working interest in the Sugarloaf Project for US$95m. Aurora is a partner with Empyrean in the Sugarloaf Project in Texas, USA. Empyrean holds a 3% working interest in the same project. Commenting today, Empyrean CEO Tom Kelly said "This acquisition by Aurora and the recent offer by Aurora for Eureka, which has been rejected by the board of Eureka in their Target Statement response on ASX as being opportunistic and undervaluing Eureka's assets reinforces the board's view that there is strong interest in Eagle Ford Shale assets in the USA and in particular within our project acreage. The liquids rich nature of the acreage shelters the partners from low gas prices in the USA. The read across valuations from these corporate activities gives the board great comfort that our Sugarloaf Project is progressing successfully and that the fundamental value of the project is robust. The operator of the Sugarloaf Project will be trialing certain initiatives this year aimed at improving production, recoveries and reserves. The board looks forward to the further development of the Sugarloaf Project and our shareholders can expect to see an updated reserve report - likely for the period to 30 June along with news from operations as a substantial and aggressive development program unfolds through this year." By Geela |
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| 11:50 09/05/2012 | Hello Vincent ! |
| Don't ask Tas By Tas Devil is back |
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| 12:57 06/05/2012 | Re: Good news at last |
| Hi fitzy, Dont remind me of those dark days.....im still in recovery mode! Got abt half of investment back........what a farce, plenty in fighting, back stabbing and all round not a pleasent experience! By czubaboy |
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| 11:00 06/05/2012 | Re: Good news at last |
| I have been in this babe for possibly 4 years now, first trading it in the 40/50/60 area on t trades. I have learnt my lesson as the +ve news I craved never materialised in the 30 day periods. The mm's saw me coming in those days, and lost big style. I now have my shares in a mixture of nominee and certificate form, and at a break even of 14/15p, I will certainly be holding for the bigger gains. The potential from SK, particularly if the reduced spacing, horizontal wells and other technological advances are successful, is enormous, and worth many times the current sp. I still haven't given up hope with RB, although the price of gas possibly one reason that has been put on the back burner. EAGLE news also eagerly awaited. Another 12 months or so to wait for the really big gains, as the increases in profits will be there for all to see. Hey czubaboy. I remember you from LGB days. Did you get your return from that fiasco ? By fitzy1203 |
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| 10:52 05/05/2012 | Re: Good news at last |
| Sorry thats wont not "wony"!!! By czubaboy |
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| 10:51 05/05/2012 | Re: Good news at last |
| Hopefully it wony be as long as that. By czubaboy |
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| 18:07 04/05/2012 | Re: Good news at last |
| OK - but if you're in it to win it - there is no point quitting at break even. For a few months more - you could have gravy on it. bob By Bob Wallet |
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| 8:53 04/05/2012 | Re: Good news at last |
| i guess so bob, but thats my break even point - anything else is a bonus By schlumberger |
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| 8:41 04/05/2012 | Re: Good news at last |
| schlumberger, "id settle for anything over 10p".... - seems a very short sighted approach - after all this time. bob By Bob Wallet |
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| 17:58 03/05/2012 | Re: Good news at last |
| id settle for anything over 10p....may be soon ! By schlumberger |
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| 13:55 03/05/2012 | Final Results RNS |
| This much earlier than last year when it was on May25th??? Not sure why.... Empyrean Energy PLC Final results For the period 1 April 2011 to 31 March 2012 Empyrean Energy PLC ("Empyrean" or the "Company"), an oil and gas explorer and producer established to finance the exploration, development and production of energy resource projects in geopolitically stable environments, today announces its results for the year ended 31 March 2012. Highlights Financial · Revenues for the 12 months to 31 March 2012 of £2.69 million (2011: £811,000) · Profit after tax for the 12 months to 31 March 2012 of £675,000 (2011: loss £5.4 million) · Cash and cash equivalents at 31 March 2012 of £1.5 million · Post period end: a committed offer from Macquarie Bank Limited to provide a 3 year term debt facility for up to US$50 million to support the Company's participation in the development of the Sugarloaf Project in onshore Texas, USA. Completion of the facility documentation and satisfaction of conditions precedent would see Empyrean fully funded for the anticipated drilling and development schedule through 2012. Operational · Increase in 1P reserves (by 41.7% to 1.5MMboe) and 2P reserves (by 39.1% to 3.2 MMboe) for the Sugarloaf Project; · Updated independent reserves report as at 31 August 2011 at the Sugarloaf Project: Net Present Value at 10% discount rate of 2P reserves assessed at US$57.7m (as announced on 22 December 2011); · Marathon Oil Corporation ("Marathon") have taken over as operator of the Sugarloaf Project with initiatives in place to enhance recoverability and production. Marathon has indicated a ramp up in the rate of development as rigs become available, with at least 45 wells planned for 2012; · To date there are 25 wells producing gas and condensate in Block B. The full exploitation of the Eagle Ford Shale in Block B is estimated to require at least 283 wells (based on an 80 acre spacing) in which Empyrean will have a 3% interest in most of these; and · Sale of Hercules Project for US$1m. Commenting today, Empyrean CEO Tom Kelly said "We are delighted with progress at Empyrean's flagship Sugarloaf Project, where higher production resulted in increased revenues and a reported profit in the year to 31 March 2012. Recent corporate activity that includes the Sugarloaf Project also underpins the Board's view on the current and potential future value for Empyrean's interest in the project. We are now focused on participating in the aggressive development drilling programme being implemented by the operator, Marathon, and expect the reserves-based lending facility with Macquarie to fund our obligations in the current year. We look forward to the future with confidence, anticipating good scope for production and value growth and reserve upgrades in this liquids-rich Eagle Ford Shale play as drilling and development continues at a rapid pace." For further information Empyrean Energy plc Tom Kelly +618 9388 8041 Shore Capital Anita Ghanekar Edward Mansfield +44 (0) 20 7408 4090 CHAIRMAN'S STATEMENT I am delighted to report that this Financial Year has been a year of transformation for Empyrean Energy Plc ("the Company"). As we reported in the Interim Results, the Company generated a profit after tax for the 6 month period to September 2011 and this has flowed through to our end of year accounts resulting in our first profit after tax for the full year. This is a significant achievement in itself. We continue to focus on the development of the Sugarloaf Project, where we now have 25 wells in production, as part of our objective to transform from an exploration company to a substantial oil and gas producer. As the Sugarloaf Project is developed and our cash flow grows we will continue to seek appropriate opportunities to grow the Company via our existing exploration projects as well as new projects. Last year,inde By Geela |
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| 10:20 03/05/2012 | Re: Good news at last |
| They made a profit in the 1st half year we await the Final Results I believe or have they been released, and I agree they could be picked off at any moment at about 15p to 20p ! LB By Leicesterboy |
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| 8:58 03/05/2012 | Re: Good news at last |
| The good news is that EME have finally made a profit! As we only hold 3% we could be picked off at anytime.....for the right price of course. By czubaboy |
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