(Alliance News) - Empyrean Energy PLC on Friday said its loss ballooned to nearly USD21 million after its Jade drilling programme ended in failure, but is pressing ahead with work at the "robust" Topaz prospect. Read More
(Alliance News) - Empyrean Energy PLC on Tuesday saw its shares fall, after the firm completed a share placement at a discount to its closing price on Friday. Read More
(Alliance News) - Empyrean Energy PLC on Tuesday said the key terms of the negotiations towards agreeing a sales deal for the Mako gas field development in Indonesia are expected to be finalised during the second quarter of 2023. Read More
Empyrean Energy PLC - Western Australia-based oil & gas explorer and producer with assets in China, Indonesia and US - Posts pretax loss of USD24.1 million in the half-year ended September 30, widened significantly from just USD452,000 a year before. Total administrative expenses surge to USD22.2 million from USD429,000. No revenue is recorded in either year. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
(Alliance News) - Empyrean Energy PLC on Friday reported its annual loss widening as impairment costs shot up amid a costly cyber fraud. Read More
(Alliance News) - Coro Energy PLC and Empyrean Energy PLC said Friday its partners on the Mako gas project in Indonesia have approved an updated plan of development. Read More
Empyrean Energy PLC - Western Australia-based oil & gas explorer and producer with assets in China, Indonesia and US - Enters second phase of exploration and drilling at the Topaz prospect in offshore China. It says the second phase of exploration requires the firm to pay USD250,000 to its partner China National Offshore Oil Co. Read More
Empyrean Energy PLC - Western Australia-based oil & gas explorer and producer with assets in China, Indonesia and US - Raises GBP1.8 million in placing of 121.8 million shares at 1.5 pence each. Will use funds to complete further post well analysis of Jade well, cover costs of drilling at Jade, as well as a "comphresenive oil migration study with China National Offshore Oil Co for potential oil charge to the Topaz prospect. It will also be used for general working capital. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
Empyrean Energy PLC - oil & gas explorer and producer with assets in China, Indonesia and US - Says the Jade prospect at its 100% owned Block 29/11 permit, offshore China, reached final total depth but logging indicated no oil pay in the target reservoir. "We are extremely disappointed with the results of the well, particularly after conducting a systematic and comprehensive technical analysis followed by running a safe drilling operation," says Chief Executive Tom Kelly. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
(Alliance News) - Stocks in London early Wednesday followed a lousy session in the US overnight, with the FTSE 100 dragged down by steep losses for industrial software firm Aveva. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
Empyrean Energy PLC - oil & gas explorer and producer with assets in China, Indonesia and US - Says drilling operations at its LH 17-2-1 well at its Jade prospect, offshore China continue to run "smoothly". Adds that progress to date is on schedule. Confirms that the drilling results have validated the pre-drill interpretation of seismic data. This includes the presence of gas clouds over the Jade as well as the Topaz prospects. Upgrades its internal geological chance of success over the Jade prospect to 65% from 41% and over the Topaz prospect to 47% from 35%. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Empyrean Energy PLC - oil & gas explorer and producer with assets in China, Indonesia and US - Says NH9 rig arrived on location at the Jade prospect at its Block 29/11 permit, offshore China. Says operations to anchor the rig have started and spudding of the LH 17-2-1 well is now expected to begin on or around April 10. Read More