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The latest update is out from Empyrean Energy ( (GB:EME) ).
Empyrean Energy has signed a binding term sheet with operator Conrad Asia Energy to resolve a long-running cash call dispute over the Duyung PSC and Mako Gas Field in Indonesia, with Conrad withdrawing its forced withdrawal notice and both parties agreeing to a cooperative, SPV-based structure. Under the deal, Empyrean will transfer its 8.5% participating interest in the Duyung PSC to Conrad’s subsidiary WNEL, then hold an 8.5% stake in a new Singapore special purpose vehicle owning WNEL, giving it ongoing economic exposure to Mako and farm-out proceeds while eliminating future direct cash call obligations, supported by project finance through development and a targeted first gas date in the fourth quarter of 2027.
The most recent analyst rating on (GB:EME) stock is a Sell with a £0.03 price target. To see the full list of analyst forecasts on Empyrean Energy stock, see the GB:EME Stock Forecast page.
Spark’s Take on GB:EME Stock
According to Spark, TipRanks’ AI Analyst, GB:EME is a Neutral.
The score is primarily weighed down by weak financial performance (no revenue, ongoing losses, negative cash flow, and negative equity with rising debt). Technicals also remain bearish with the share price below key moving averages and a negative MACD. Corporate events are mixed—legal/JV dispute risk offsets some positive governance and shareholder-interest signals—while valuation is constrained by loss-making status and no dividend yield data.
To see Spark’s full report on GB:EME stock, click here.
More about Empyrean Energy
Empyrean Energy PLC is an oil and gas exploration and development company with interests in Australia, Indonesia and the United States, focusing on upstream projects including Indonesia’s Duyung Production Sharing Contract and the Mako Gas Field.
Average Trading Volume: 241,693,446
Technical Sentiment Signal: Sell
Current Market Cap: £2M
For detailed information about EME stock, go to TipRanks’ Stock Analysis page.