The UK government did not comment directly, but said under the Welsh Language Act, external, it has to send alerts in Welsh first
https://t.co/NzQrHrjpuM
'It's fantastic news'
David Wiseman from the Invictus Games Foundation spoke to #BBCBreakfast about the decision by Prince Harry and Meghan to move back to the UK
https://t.co/NsC20jzhwD
#EME A company opts for a DST when petrophysical analysis shows:
>Clear hydrocarbon presence (shows + logs).
>Adequate reservoir quality (porosity/permeability).
>A thick, potentially extensive zone.
>Favourable fluid mix & pressure.
>Alignment with regional successes.
#EME DST is not a trivial undertaking. It involves specialized equipment,& operational planning. EME & their JV partners wouldn’t commit to this unless the preliminary data, logs, shows, & geological analysis gave them a strong indication of a potentially productive reservoir.
#eme looking strong for a positive re-rate with guaranteed funds from the Mako sale on the horizon easily covering debt and current mcap many times over, and today's news that testing will commence in the prolific Wilson prospect.
#EME
The drill was left on site free of charge!
Next stage extensive testing to happen
#EME must be thrilled
Exciting times.
Empyrean Energy PLC - DST to be conducted over potential oil zone #EME https://t.co/Ee9ZRsRCqX #voxmarkets#investing#shares#RNS via @voxmarkets
@sadaatumar#eme 1p is an easy achievement on 2500 bopd…. Plus we have news due on Mako which alone is worth multiple x current Mcap… so up we go … steady buying over coming weeks should move this up over 20…. Was 17 a few days ago 👍
#EME Companies like Santos trade at ~$5–$10/BOE for proven reserves. For unproven resources, $2–$4/BOE is typical. This is public available information from their reports.
If we use our mean figure 21.3 MMBOE × $3/BOE = $63.9M (conservative),
Adjusted for upside: $100–$150M.
#EME I've just taken a chunk here. Think it will rise into news and think the news on what they have might be pleasantly surprising. £3m mcap is too good an offer to down for risk/reward. Could easily 10 bag if it comes in.
#EME ....this could be company making news today and the market simply have not seen this. See below potential; all now dependant on oil show analysis and DST. Plus could be gas bearing.