Empyrean Energy Plc (EME.L) Announced the results of an independent resource audit by Gaffney Cline and Associates (GCA) of the Mako gas field, which forms part of Duyung PSC in the West Natuna Basin, offshore Indonesia (Mako), in which the company holds an 8.5% non-operated interest. GCA has now completed its audit (2020 GCA Audit), which confirms a significant resource upgrade for the Mako Gas Field compared to its previous resource assessment released in January 2019 (2019 GCA Audit). 2C (contingent) recoverable resource estimates have been increased to 495 Bcf, an increase of approximately 79% compared with the 2019 GCA Audit and confirming the work completed by the operator and partners. In the upside case, the 3C (contingent) resources have increased by approximately 108% compared with the 2019 GCA Audit and GCA's assessment is also significantly higher than the 3C estimate made by the Operator and partners in April 2020. With the latest upgrade, Mako has been shown to be one of the largest gas fields ever discovered in the West Natuna Basin, and is currently by far the largest undeveloped resource in the immediate area. #EME
Empyrean Energy 5.75p £27.1m (EME.L) Results of an independent resource audit by Gaffney Cline and Associates of the Mako gas field, which forms part of Duyung PSC in the West Natuna Basin, offshore Indonesia, in which Empyrean holds an 8.5% non-operated interest. Highlights · Independent audit by GCA confirms significant resource upgrade · Mako confirmed as one of the largest gas fields ever discovered in West Natuna Basin · Mako confirmed as the largest undeveloped gas resource in the immediate region · GCA audited 2C contingent resource estimate of 495 Bcf, up 79% from previous GCA estimate · GCA audited 3C contingent resource estimate of 817 Bcf, up 108% from previous GCA estimate #EME
RNS Number: 9075 N Empyrean Energy PLC 26 May 2020 This announcement contains inside information. Empyrean Energy Plc/ Index: AIM/ Epic: EME/ Sector: Oil& Gas. Empyrean Energy Plc, the oil and gas exploration and development company with interests in China, Indonesia and the United States, is pleased to announce the results of an independent resource audit by Gaffney...
Empyrean Energy Plc (EME.L) Announced that all necessary Indonesian regulatory approvals for the transfer of title of the 15% direct interest in the Duyung PSC to Coro Energy Plc ("Coro") have now been received. Accordingly, final completion of the acquisition of the PSC Interest from West Natuna Exploration Ltd has occurred. The license holders of the Duyung PSC are now Conrad Petroleum Ltd (76.5% operated interest), Coro (15% non-operated interest) and Empyrean Energy plc (8.5% non-operated interest).#EME
RNS Number: 6868 N Empyrean Energy PLC 22 May 2020 This announcement contains inside information. Empyrean Energy plc, the oil and gas development company with interests in China, Indonesia and the United States, advises that all necessary Indonesian regulatory approvals for the transfer of title of the 15% direct interest in the Duyung PSC to Coro Energy Plc...
Empyrean Energy 4.95p £23.3m (EME.L) Results of its seismic inversion project, designed to assess the reservoir quality and reservoir rock composition at its Jade and Topaz prospects at Block 29/11 in the Pearl River Mouth Basin, offshore China. Reservoir rocks at Jade and Topaz interpreted to be excellent quality carbonates, porosities at Jade and Topaz interpreted to be in the highly favourable range of 20-30%, and an excellent cooperation between the Empyrean, COSL and CNOOC technical teams delivers a robust dataset resulting in significant technical confidence in the results. #EME
RNS Number: 5976 N Empyrean Energy PLC 21 May 2020 This announcement contains inside information. Block 29/ 11, China- Reservoir Quality Assessment- Seismic Inversion Project. Empyrean Energy, the oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce the results of its seismic inversion project,...
Empyrean Energy #EME announced this morning that acceptances had been received for 20% of the Open Offer and that they have raised £397,540 at 3.5p. In addition the company received a direct subscription that raised £17,500 which made the overall raise some approximately £825,990 in recent weeks. Whilst the board believe the price is at the higher end of the range I think I might have expected a few more of them to participate at 3.5p after all Tom Kelly and his colleagues have actively supported all recent raises, some at much higher prices.
On 22 April 2020, Empyrean Energy Plc, the oil and gas development company with interests in China, Indonesia and the United States, announced the launch of an Open Offer pursuant to which Qualifying Shareholders were able to subscribe for 1 new Ordinary Share in the Company at a price of 3.5 pence each for every 8 Ordinary Shares held at the Record Date.
Empyrean Energy Plc #EME announced, in its general update on operations, that significant progress has been made with the operator of the project, Conrad Petroleum Limited (Conrad), successfully being able to present all aspects of the project to Gaffney Cline and Associates (GCA). This progress has been achieved in spite of the challenges presented by travel restrictions and other COVID-19 related measures. The company anticipates that there are now no major impediments to GCA being able to complete its update of resources for the Mako Gas Field over the coming weeks. Empyrean will provide a summary of the GCA findings in due course when the report becomes available. The company is also pleased to report that excellent progress has been made on the seismic inversion work on which the company has engaged China Offshore Services Limited (COSL) to assist with technical work and data processing and which is expected to better define the reservoir rocks at the company's two primary prospects, Jade and Topaz. This technical work and data processing are now complete and the company is in the process of analysing the resulting data and anticipates being in a position to update shareholders on the results of this work in the next few weeks.
RNS Number: 2832 L Empyrean Energy PLC 29 April 2020. Empyrean Energy, the oil and gas development company with interests in China, Indonesia and the United States, provides the following general update on operations.. Further to the announcement on 14 April 2020 regarding the upgrade of internal resource estimates for the Mako gas field, which forms part of the...
RNS Number: 2832 L Empyrean Energy PLC 29 April 2020. Empyrean Energy, the oil and gas development company with interests in China, Indonesia and the United States, provides the following general update on operations.. Further to the announcement on 14 April 2020 regarding the upgrade of internal resource estimates for the Mako gas field, which forms part of the...
Open Offer of up to 57,417,375 Open Offer Shares at 3.5 pence per share. Empyrean Energy plc announces that it proposes to raise up to £2.01 million through an Open Offer pursuant to which Qualifying Shareholders will have an opportunity to subscribe for an aggregate of 57,417,375 new Ordinary Shares, on the basis of 1 Open Offer Share for every 8 Existing...
RNS Number: 0438 K Empyrean Energy PLC 17 April 2020 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE.. Empyrean Energy, the oil and gas development company with interests in China, Indonesia and the United States, announced on 14 April 2020 that it had raised £410,950 through a direct subscription by a number of existing investors and...
RNS Number: 4964 J Empyrean Energy PLC 14 April 2020 THIS ANNOUNCEMENT, INCLUDING THE APPENDICES, AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR PUBLIC RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER...
RNS Number: 4962 J Empyrean Energy PLC 14 April 2020 This announcement contains inside information. Resource Upgrade of Mako Gas Field at Duyung PSC, Indonesia. Empyrean Energy plc, the oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce an upgrade of resource estimates for the Mako gas field, which...
RNS Number: 2741 I Empyrean Energy PLC 31 March 2020. Empyrean Energy, the oil and gas development company with interests in China, Indonesia and the United States, provides an update on its ongoing operations as global markets react to the rapidly-evolving circumstances around the spread of COVID-19.. Subsequently, Gaffney Cline and Associates was...
RNS Number: 5956 H Empyrean Energy PLC 25 March 2020 Empyrean Energy Plc/ Index: AIM/ Epic: EME/ Sector: Oil& Gas. Empyrean Energy was notified on 25 March 2020 that Mr John Ballard now holds 14,027,000 ordinary shares in the Company, which represents approximately 3.14% of the issued share capital of the Company.. RNS is approved by the Financial Conduct Authority to...
RNS Number: 4587 C Empyrean Energy PLC 10 February 2020 This announcement contains inside information. Empyrean Energy PLC/ Index: AIM/ Epic: EME/ Sector: Oil& Gas. Empyrean Energy Plc, the oil and gas development company with interests in China, Indonesia and the United States, provides an update in relation to the Duyung PSC in the West Natuna basin, offshore...
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Company Profile

Empyrean Energy plc was established to finance the exploration, development and production of energy resource projects with a predominant focus on projects in geopolitically stable environments

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