Empyrean Energy (EME)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 0.58p
   
  • Change Today:
      0.000p
  • 52 Week High: 1.40
  • 52 Week Low: 0.32
  • Currency: UK Pounds
  • Shares Issued: 1,280.80m
  • Volume: 325,250
  • Market Cap: £7.36m
  • RiskGrade: 293

Empyrean and partners preparing to drill Jade prospect

By Josh White

Date: Monday 04 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Oil and gas development company Empyrean Energy updated the market on preparations to drill the Jade prospect at its wholly-owned Block 29/11 permit, offshore China on Monday.
The AIM-traded firm said a 'drill well on paper' (DWOP) meeting for operations related to the upcoming drilling of the prospect was conducted on 1 April.

It said COSL had implemented "stringent" Covid-19 measures for conducting safe operations, and had advised that rig mobilisation operations would start on 6 April.

The spudding of the LH 17-2-1 well over the Jade prospect was expected "within days" of the rig being safely anchored on the well site.

"The effort, preparation and cooperation between Empyrean, COSL and CNOOC EnerTech has been excellent," said chief executive officer Tom Kelly.

"With the improvement in weather, we are excited to be so close to commencing drilling at the 395 million barrel Jade target within days.

"Shareholders can feel confident that Empyrean is well represented on the ground in China with company technical director, geologist and geophysicist Gaz Bisht overseeing the drilling campaign on behalf of Empyrean."

At 1133 BST, shares in Empyrean Energy were down 2.39% at 10.2p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Empyrean Energy Market Data

Currency UK Pounds
Share Price 0.58p
Change Today 0.000p
% Change 0.00 %
52 Week High 1.40
52 Week Low 0.32
Volume 325,250
Shares Issued 1,280.80m
Market Cap £7.36m
RiskGrade 293

Empyrean Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.84% below the market average55.84% below the market average55.84% below the market average55.84% below the market average55.84% below the market average
23.68% below the sector average23.68% below the sector average23.68% below the sector average23.68% below the sector average23.68% below the sector average
Price Trend
82.29% below the market average82.29% below the market average82.29% below the market average82.29% below the market average82.29% below the market average
65.85% below the sector average65.85% below the sector average65.85% below the sector average65.85% below the sector average65.85% below the sector average
Income Not Available
Growth Not Available

Empyrean Energy Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
12:51 73,819 @ 0.53p
10:08 1,431 @ 0.49p
08:30 50,000 @ 0.54p
08:03 200,000 @ 0.49p

Empyrean Energy Key Personnel

CEO Thomas Kelly
Finance Director John Laycock

Top of Page