Empyrean Energy Seeks Extension, Eyes Mako Value

Empyrean Energy (GB:EME) has released an update.

Empyrean Energy has not commenced drilling at the Topaz prospect in China’s Block 29/11 by the committed date, risking its cooperation with CNOOC, and is seeking an extension. The company is also focusing on maximizing value from its stake in Indonesia’s Mako gas field, with ongoing negotiations for Gas Sales Agreements that could lead to sell-down transactions. Empyrean is exploring additional opportunities to enhance its portfolio and create shareholder value.

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