Fracing team immediate start in Queensland. Condor have not tweeted recently any other activity in Queensland apart from Wilson. What have they found? #EME
Low case of 8.7mmboe is estimated to be worth a share price of 1.8p. Mean case at 21.3mmboe is 2.9p.
High chance of success. Results can't be far away. The market has not put any value on this drill at Wilson #EME
@TheLongerGame@markscott247 Imo, a duster would be known and announced by now so they might well have plenty of logging to do. 3 primary targets plus secondary targets. You might be lucky to be picking shares up at 0.4p if this comes in. TK spotted dancing earlier #EME
Targeting multiple formations not just one. A lot more detail in this spudding RNS. Shame it hasn't had any PR but considering EME and the drilling contractor have taken additional stakes, they are clearly confident. Not long now #EME
Let the PR begin. So many questions with this drill a d no answers yet in terms of potential and why EME and the drilling company have both increased their stakes. Spud in a few days so could see a very bullish run as market cap is far too low at this stage imo. #eme
With both 2D and 3D on this Wilson drill, the CoS improves greatly. Maybe why both EME and the drilling company have increased their stakes further in the project. What have they seen? Not long until we know #EME
@EmpyreanEnergy Wilson River-1 definitive Farm in Agreement signed and drill preparations update #EME executed a definitive Farm-in Agreement with Chi Oil and Gas Pty Ltd and Condor Energy Services Ltd for the Wilson River-1 well in ATP1173. https://t.co/mhmSXv6niy
Market cap of Β£5.5m is no where near accurate considering 8.5% of Mako and the huge interest they have in the Wilson drill next month. PR should change that #EME
That's working on only $5 per barrel in the ground which is conservative. The market yet to catch on. Guess the company will start a PR campaign once all permissions to drill are sorted any time soon. Drill next month so should see some good interest once PR starts #EME
#EME Β£10m market cap is equivalent to 0.26p based on full dilution (3.7b shares).
Wilson prospect looking for 37 MMBOE OiP at 59% RF = 22 MMBOE X 52.5% = 11.5 MMBOE at $5 = $57m or Β£45m or 1.20p (risk valuation should be over 0.40p).
Some value for MAKO
Always DYOR
#EME Β£10m market cap is equivalent to 0.26p based on full dilution (3.7b shares).
Wilson prospect looking for 37 MMBOE OiP at 59% RF = 22 MMBOE X 52.5% = 11.5 MMBOE at $5 = $57m or Β£45m or 1.20p (risk valuation should be over 0.40p).
Some value for MAKO
Always DYOR
This has been undervalued prior to Wilson deal. Still hugely undervalued on Mako alone, let alone this 40% CoS drill at Wilson. Is the market finally catching on? #Bargain#EME