Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
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No he's not an MM
https://www.proactiveinvestors.co.uk/teams/details/240/Andrew%20Scott
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Empyrean Energy Share News (EME)
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Share Name Share Symbol Market Type Share ISIN Share Description
Empyrean Energy Plc LSE:EME London Ordinary Share GB00B09G2351 ORD 0.2P
Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
0.00 0.0% 10.01 9.52 10.50 0.00 0.00 0.00 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 0.1 0.0 428.4 42
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Empyrean Energy PLC Duyung PSC, Operational Update
25/10/2019 7:15am
UK Regulatory (RNS & others)
Empyrean Energy (LSE:EME)
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Today : Friday 25 October 2019
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RNS Number : 1404R
Empyrean Energy PLC
25 October 2019
This announcement contains inside information
Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas
25 October 2019
Empyrean Energy PLC ("Empyrean" or the "Company")
Duyung PSC, Operational Update
Empyrean Energy Plc, the oil and gas development company with interests in China, Indonesia and the United States, is pleased to provide an operational update in relation to the drilling campaign in the Duyung PSC in the West Natuna basin, offshore Indonesia, in which Empyrean holds an 8.5% interest.
Empyrean has been advised by the operator, Conrad Petroleum Limited ("Conrad"), that following the Tambak-2 well successfully reaching a total depth of 1,650 feet on 15 October 2019, the top of the targeted Intra-Muda reservoir depth came in as prognosed approximately 10 feet up-dip to Conrad's Mako South-1 gas discovery well over 13.5 km away.
A full logging suite was acquired, including formation pressure measurements, confirming a 33 feet gross gas pay zone (30 feet net) with formation permeabilities calculated to be over 1 Darcy across the best quality zone. The pressures and gas-water contact depth in Tambak-2 are the same as those encountered in Mako South-1, confirming a very large "single-tank" or areal extent of the Mako gas field.
While preparing for a Drill Stem Test ("DST") across the intra-Muda reservoir, an inflatable open hole bridge plug ("packer"), used to isolate the gas-bearing reservoir for testing, failed. During operations to recover the packer, the well started flowing natural gas to surface. For safety reasons, the well was immediately shut in. Subsequently, utilizing the appropriate well control practices, the well was killed using heavy mud containing barite. A significant quantity of the heavy mud was lost in the highly permeable Intra-Muda reservoir. Following this operation, the well was conditioned, and the DST equipment set-in place into the wellbore. Two separate DST attempts failed to flow gas to the surface due to the heavy formation damage from the kill mud.
Miltos Xynogalas, Conrad Executive Director/CEO, commented: "The Tambak-2 well is an appraisal well of the Mako gas field
GS came out a few days ago saying oil would probably go to the low $50, for the foreseeable. Lol ??
https://www.malcysblog.com/2019/10/visit-to-kurdistan-genel-energy-gulf-keystone/
Nice rns
Morning Cashferret
Any reason why the API and the EIA figures are both out today. Tia