Share Prices & Company Research

Stockbroking

Empyrean Energy

Current Price 7.16p Bid 7.10p Ask 7.30p Change -2.70%
Last Updated: 19/02/2020 21:58. Prices delayed by at least 15 minutes.
Call 0113 243 6941 or search for your local office

Company Overview

Empyrean Energy plc is a London AIM listed oil and gas explorer with three potentially high impact new projects. Empyrean has a 1800km2 offshore oil permit located in the Pearl River Mouth Basin, China where it has completed 3D seismic Q2, 2017 to further mature two large oil prospects, Jade and Topaz. Processing and interpretation is underway and preliminary internal interpretation of the raw seismic data has confirmed the structural validity of the Jade and Topaz prospects and also identified a third significant target named Pearl, which is located north of Topaz. The permit is directly South East of the billion barrel+ Liuhua Oil Field operated by CNOOC and two recent discoveries to the permits West and South further enhance the merit of Jade and Topaz. Empyrean is operator and holds 100% of the exploration rights through to commercial discovery where CNOOC have a back-in right to 51%. Empyrean also has a 10% interest in West Natuna Exploration Limited that holds 100% of the Duyung PSC in offshore Indonesia and is targeting the Mako Shallow Gas Discovery that has an independently verified 2C and 3C gas resource of between 430-650 Bcf recoverable gas. Successful testing operations were recently completed at the Mako South-1 Well with 10.9 million cubic feet of gas flow and better than expected reservoir quality and multi Darcy permeability. The operator is currently analysing data with a view to providing a development plan. Empyrean also has a joint venture with ASX listed Sacgasco Limited on a suite of projects in the Sacramento Basin, onshore California, USA.

Financial Highlights Year Ended 31/03/2019

Turnover
£0.00m
Operating Profit
£-1.07m
Dividend Yield
0.00
Dividend Per Share
0.00
Dividend Cover
0.00
P/E Ratio
246.67

Key Personnel

Thomas Campbell Bowden Kelly
Chief Executive Officer
Gajendra Singh Bisht
Executive Director
John Hugh Spencer Laycock
Finance Director
Dr Patrick Henry Cross
Non-Executive Chairman

Stock Details

EPIC
EME
ISIN
GB00B09G2351
Shares in Issue
447,597,577
Market cap
£33.12m

Analyst Views (0)

Strong Buy
 
0.00%
Buy
 
0.00%
Hold
 
0.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
7.20p
Bid Price
7.10p
Ask Price
7.30p
Volume
451746
Change Today
-0.20p
% Change Today
-2.70%
Open
7.15p
Previous Close
7.20p
Intraday High
7.50p
Intraday Low
7.15p
52 Week High
10.38p
52 Week Low
7.20p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Empyrean Energy Intra-day Chart

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Mar 2019
31 Mar 2018
Tangible Assets
0.0
0.0
Intangible Assets & Goodwill
9.1
7.8
Investments & Other Non-Current Assets
3.2
2.6
Total Non-Current Assets
12.3
10.4
Inventory
0.0
0.0
Trade & Receivables
0.0
0.2
Cash & Receivables
0.3
0.4
Other Current Assets & Assets Held for Resale
0.0
1.3
Total Assets
12.6
12.3

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
31 Mar 2019
31 Mar 2018
Short Term Liabilities
1.8
2.9
Long Term Liabilities
0.0
0.0
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
1.8
2.9

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Mar 2019
31 Mar 2018
Net Assets
10.9
9.4

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
31 Mar 2019
31 Mar 2018
Share Capital
1.2
1.2
Minority Interests
0.0
0.0
Retained Earnings
-17.0
-17.1
Share Premium Account
26.5
25.3
Other Equity
0.1
0.0
Total Equity
10.9
9.4

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
31 Mar 2019
31 Mar 2018
Cashflow from Operating Activities
0.4
-1.0
Cashflow Before Financing
-1.3
-11.4
Increase / Decrease in Cash
0.0
-5.8

Income (£m)

Data has been provided by AJ Bell

Reporting Date
31 Mar 2019
31 Mar 2018
Turnover
0.0
0.0
Cost of Sales
0.1
0.1
Gross Profit
-0.1
0.0
Operating Profit
-1.1
-0.9
Pre-Tax Profit
0.1
-3.5
Profit / Loss for the Year
0.2
-2.6
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.