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Possible Singapore deal as early as next week. When Pi see the deal is worth multiples of the market cap the spread will tighten. The graph is pointing to a gap up to 0.6
Is as close as it’s been in a long time. Let’s hope it brings the buyers back!
Have some sustained rises in anticipation of news please!
Started: TraderJohnsss, 26 Jun 2024 18:31
Last post: TraderJohnsss, 26 Jun 2024 18:31
Apart from those after hours grades, presumably sells but who knows!
Started: TraderJohnsss, 26 Jun 2024 13:01
Last post: TraderJohnsss, 26 Jun 2024 13:01
But right now I’d take a 10% rose let alone 1000%
Started: TraderJohnsss, 26 Jun 2024 09:20
Last post: Fishywishy, 26 Jun 2024 12:35
I remember this with HE1 TJ. It’s Share price wallowed around for days after posting great news, then increased near 10 fold.
Movement is a joke really. That 30mil had to be a guy looking at the price and time. Any slight movement up this gets knocked down with some tiny sells!
Started: TraderJohnsss, 26 Jun 2024 12:01
Last post: TraderJohnsss, 26 Jun 2024 12:01
up and we are hit with a 5mil sell, what a ****er this share is
Started: Augustus_, 25 Jun 2024 21:38
Last post: Augustus_, 25 Jun 2024 21:38
I recently posted some figures which indicated the vast discrepancy between the inherent value of Empyrean's share of Mako and the current EME market cap.
I encourage all investors to do their own research and not listen to strangers without verifying their claims.
https://conradasia.com/investor-centre/
(In the event the URL is censored, go to investors page of Conrad Asia website. Alternatively, the ASX site lists all RNS for each company)
RNS from 2nd February 2024, titled Investor Presentation. PDF will download upon clicking link.
Page 11 of presentation, 2nd header titled Domestic Market Obligation.
The following excerpt is taken from there:-
Conrad is subject to a domestic market obligation (DMO) requirement set out under
the PSC, requiring supply of 29.5% of the Mako gas to the domestic market. The
domestic gas price is $5.5 per mmbtu as agreed in the revised POD
Started: TraderJohnsss, 25 Jun 2024 18:24
Last post: TraderJohnsss, 25 Jun 2024 18:24
Have to see a TR1 with that 30mil buy from yesterday?
Started: TraderJohnsss, 25 Jun 2024 14:07
Last post: rpg7, 25 Jun 2024 15:19
Bullsh-t baffles brains -ask the bod.
Buys are ticking through!
Small sales and big buys, surprised this hasn’t moved more
Started: Ilovesushi, 25 Jun 2024 08:21
Last post: TraderJohnsss, 25 Jun 2024 11:37
That being said, a few chunky delayed buys coming through! Hopefully these continue and we surely will see a decent sustained rise
Would be nice to see a little bit more urgency on the rise!
Creeping up ever so slowly....under the radar.
· The Mako gas field is the largest undeveloped and fully appraised gas field in the West Natuna Basin. Gas is exported from the basin by pipeline to Singapore. The competent person's report commissioned as part of Conrad's IPO late last year estimated that Mako would generate gas sales of US$2.4 billion net to Conrad's 76.5% interest (~equivalent to US$266m net to Empyrean)
A separate GSA is as we speak being negotiated for the remainder of the Mako gas resource which is targeted to be exported to Singapore.
That should be announced as early as next week. Then at some point after EME could receive expressions of interest to buy of EME its interest in Mako. And this interest would or should be several times the market Cap.
Market Cap is going to have to jump above the expression of interest. My guess is upwards of $20,000,000. 4/5 times higher than the market values EME.
Massive disconnect here.
Started: TraderJohnsss, 25 Jun 2024 08:02
Last post: TraderJohnsss, 25 Jun 2024 08:02
The RNS has been digested and we see the move up we should have yesterday!
Started: Augustus_, 24 Jun 2024 16:33
Last post: Augustus_, 25 Jun 2024 07:38
Gross
Yes,that's right
Augustus … are you $5.5 per mmBTU gross or net?
I presume you are getting this from the financial Conrad NPV projections ?
Any ideas why the poor reflection in the share price today?
All I see is positives but not in the one place that matters!
Based on figures released by rns already, we see that the domestic gas sales agreement is priced at $5.5 per mmbtu.
Today we have confirmed for us that up to 122.77 trillion btu has been signed off. This will be at a lower price than the export GSA, but forget that for now. The domestic GSA alone is worth $57.3 million, which I think is around £45 million. Posted after hours so you can dyor before 8am.
Started: TraderJohnsss, 24 Jun 2024 22:02
Last post: TraderJohnsss, 24 Jun 2024 22:02
I know we are waiting on more news but are people thinking this should rise beforehand?
Started: TraderJohnsss, 24 Jun 2024 16:20
Last post: TraderJohnsss, 24 Jun 2024 16:20
Tomorrow will see a delayed rise! Surely after that confirmation and the news round the corner this should be higher
Started: TraderJohnsss, 24 Jun 2024 14:00
Last post: TJR88, 24 Jun 2024 15:57
Also knocking out stop losses ?
Could someone be loading up on the background....?
That was meant to be staying put !
Completely get that! The spread is off putting to buy but also to sell, kills the liquidity imo. I’m staying out for now but could well. regret it
I just did that Trader. Something doesn't feel right about this share.
Started: Ilovesushi, 24 Jun 2024 09:12
Last post: Ilovesushi, 24 Jun 2024 14:00
I value the deal when complete at 5 x market Cap.
Very strange indeed! Director has 7mil of these at 0.55 so there’s confidence there. Bought as recently as April
It's just filling the gap from this morning imo
Really odd price behaviour. Unless the company has done a placing at something stupid like 0.1p I can't see why or how the sp could behave like this on such good news.
With a significant sale just on the horizon it seems a no brainer at these prices
Started: Ilovesushi, 24 Jun 2024 09:50
Last post: masonmaster, 24 Jun 2024 13:45
Treacherous individual!
CPX for the afternoon sesh if you want it.
Guys. More news coming over the next few weeks that is bigger for EME.
The Mako JV is moving towards finalising a GSA for the Mako export gas over the coming few weeks. Its the export of Gas to Singapore that is the money maker. Give it a few weeks and when that is signed its transformational for EME.
This is a clear easy multibagger
Started: ripley94, 14 Jun 2024 09:55
Last post: Aklee, 24 Jun 2024 09:05
This could genuinely do 200% today. Endless auctions and it's only 9am
0.45p to buy now
Top riser again today up 50% to 0.35p attracts attention .
This time around my broker has 0% .
Year high was 0.98p on 11/9/23.
Price is just bouncing off the lows of 0.23p which seems to be resistance.
Unbelievable news .trying to use what's left of the company value in order to pursue a project rated lower than the one that failed You could not make it up!!!!!
Yesterdays news.
Australian .
Empyrean Energy PLC - oil and gas developer with projects in China, Indonesia and the US - Yet to drill Topaz prospect and does not meet requirements to continue the cooperation on Block 29/11 in offshore China. In order to proceed with second phase at block, it needed to drill Topaz by June 12. It adds: "During 2023, Empyrean engaged LAB Energy Advisors (London) with respect to broadening the reach for possible risk sharing alternatives and farm out opportunities for the Topaz prospect. Despite strong interest in the technical merit of the Topaz prospect, no farm out deal has been reached as of today's date. Empyrean has put forward a submission to CNOOC for an extension on Block 29/11. The company will make a further announcement should its request for an extension be granted."
Last post: Ilovesushi, 24 Jun 2024 09:02
Up 76%
It going to do a 100% today
I've been in this company for many years, this asset should be worth a huge amount to us.
Today's news is just the starter, and it's unlikely that the domestic GSA will even be utilised as the infrastructure is not built, planned to be built, or even an obligation for the company or it's JV partners to build.
However, it is a step closer to the export GSA which will be priced much higher than the legally required domestic GSA. I don't want to predict value to EME's 8.5% stake, but it's multibagger territory to say the least.
Started: Ilovesushi, 24 Jun 2024 08:28
Last post: Ilovesushi, 24 Jun 2024 09:02
Booooom
ANOTHER AUCTION
0.40
Looks like all buys.
A separate GSA is being negotiated for the remainder of the Mako gas resource which is targeted to be exported to Singapore.
I am sure this agreement values EME stake at multiples of present share price. 100% rise from here seems very possible. Share price should be much higher.
Started: Ilovesushi, 24 Jun 2024 08:47
Last post: Ilovesushi, 24 Jun 2024 08:47
UP 70% NOW
Started: An78uts, 24 Jun 2024 08:40
Last post: Ilovesushi, 24 Jun 2024 08:44
0.37 - 0.40
Me too got in at 8.8, not too sure if we will ever get even again :O(
To get me back even…. Bought in at 9.6 in 2019 so down a LOT
Started: MrBombastic, 24 Jun 2024 08:39
Last post: Ilovesushi, 24 Jun 2024 08:42
0.39 BUY
Couldn't sell either earlier. Now you can do both.
NT for any sizeable quote too
NT all the way. Trying to top up but can’t get a price. Can anyone else?
Started: Ilovesushi, 24 Jun 2024 08:37
Last post: Ilovesushi, 24 Jun 2024 08:37
100% UP
Started: MrBombastic, 24 Jun 2024 08:19
Last post: Aklee, 24 Jun 2024 08:25
Company changing news
Grabbed some at 0.31 GLA. Going to be hell of a ride.