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Empyrean Energy
(LSE:EME)
Empyrean Energy (EME) vs. iShares MSCI United Kingdom ETF (EWC)
Empyrean Energy Business Overview & Revenue Model
Empyrean Energy Financial Statement Overview
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -47.00K |
| EBITDA | 62.00 | 0.00 | -810.00K | -1.62M | -943.00K | -852.00K |
| Net Income | -10.71K | -9.59M | -20.80M | -8.11M | -963.00K | -279.00K |
Balance Sheet | ||||||
| Total Assets | 6.17M | 6.35M | 24.96M | 15.19M | 14.57M | 12.64M |
| Cash, Cash Equivalents and Short-Term Investments | 626.00K | 981.00K | 19.00K | 150.00K | 189.00K | 332.00K |
| Total Debt | 8.57M | 7.59M | 4.13M | 4.13M | 0.00 | 0.00 |
| Total Liabilities | 12.03M | 10.71M | 6.29M | 778.00K | 1.25M | 1.78M |
| Stockholders Equity | -5.86M | -4.36M | 18.68M | 14.41M | 13.32M | 10.87M |
Cash Flow | ||||||
| Free Cash Flow | -853.00 | -1.79M | -15.27M | -1.99M | -778.00K | -1.07M |
| Operating Cash Flow | -699.00 | -827.00K | -882.00K | -831.00K | -221.00K | 351.00K |
| Investing Cash Flow | -154.00 | -964.00K | -16.37M | -1.16M | -1.23M | -1.63M |
| Financing Cash Flow | 843.00 | 2.69M | 17.11M | 1.93M | 1.35M | 1.27M |
Empyrean Energy Technical Analysis
Empyrean Energy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | £7.84B | -2.87 | -8.53% | 7.50% | -3.78% | -96.57% | |
51 Neutral | $4.99M | ― | -53.67% | ― | -21.76% | 26.19% | |
51 Neutral | £3.11M | 0.50 | 56.96% | ― | -55.66% | ― | |
50 Neutral | £4.80M | ― | -95.12% | ― | -46.40% | -688.89% | |
25 Underperform | £916.28K | ― | ― | ― | -312.90% | ||
| £5.12M | ― | -162.12% | ― | ― | ― | ||
| £5.86M | ― | -8.39% | ― | ― | ― |
Empyrean Energy Corporate Events
Empyrean Energy PLC announced the successful completion of its retail offer, raising approximately £61,122 through the issuance of 67,913,333 new ordinary shares at a price of 0.09p each. Combined with a previous placement, the company has raised a total of £661,122. The new shares are expected to be admitted to trading on the AIM market of the London Stock Exchange on 8 May 2024, which will increase the company’s total shares in issue to 4,469,672,441. This development is significant for stakeholders as it enhances the company’s capital base, potentially supporting future growth and operational initiatives.
Spark’s Take on GB:EME Stock
According to Spark, TipRanks’ AI Analyst, GB:EME is a Underperform.
Empyrean Energy’s stock is significantly impacted by its severe financial difficulties, with ongoing losses and negative equity. The technical analysis indicates a bearish trend, and valuation metrics highlight high risk with negative earnings. Recent corporate events show some strategic initiatives and investor interest, but they do not significantly mitigate the overall financial and operational risks faced by the company.
To see Spark’s full report on GB:EME stock, click here.
Empyrean Energy PLC has announced a Retail Offer to its existing retail shareholders in the UK, allowing them to purchase new ordinary shares at a price of 0.09p, with a maximum raise of £150,000. This offer is part of a broader fundraising effort, which includes a separate placing of shares to raise £600,000, aimed at strengthening the company’s financial position and supporting its strategic initiatives.
Spark’s Take on GB:EME Stock
According to Spark, TipRanks’ AI Analyst, GB:EME is a Underperform.
Empyrean Energy’s stock is rated poorly due to its severe financial difficulties, with ongoing losses and negative equity. Technical analysis indicates a bearish trend, and valuation metrics highlight high risk with negative earnings. While recent corporate events show some strategic initiatives and investor interest, they do not significantly mitigate the overall financial and operational risks faced by the company.
To see Spark’s full report on GB:EME stock, click here.
Empyrean Energy PLC has successfully raised £600,000 through a placement of new ordinary shares, which will be used to test a potential oil zone in the Wilson River-1 well and for general working capital. This fundraising effort is expected to enhance the company’s operational capabilities and market position, with the new shares set to commence trading on the AIM market on May 2, 2024.
Spark’s Take on GB:EME Stock
According to Spark, TipRanks’ AI Analyst, GB:EME is a Underperform.
Empyrean Energy’s stock is rated poorly due to its severe financial difficulties, with ongoing losses and negative equity. Technical analysis indicates a bearish trend, and valuation metrics highlight high risk with negative earnings. While recent corporate events show some strategic initiatives and investor interest, they do not significantly mitigate the overall financial and operational risks faced by the company.
To see Spark’s full report on GB:EME stock, click here.
Empyrean Energy PLC has announced that Drill Stem Test (DST) operations for the Wilson River-1 well are set to begin in early May, following delays caused by flooding in Queensland, Australia. The company has refined its testing program and sourced necessary equipment, ensuring readiness to proceed with the operations, which are crucial for assessing the well’s potential and advancing Empyrean’s exploration efforts.
Spark’s Take on GB:EME Stock
According to Spark, TipRanks’ AI Analyst, GB:EME is a Underperform.
Empyrean Energy’s stock is rated poorly due to its severe financial difficulties, with ongoing losses and negative equity. Technical analysis indicates a bearish trend, and valuation metrics highlight high risk with negative earnings. While recent corporate events show some strategic initiatives and investor interest, they do not significantly mitigate the overall financial and operational risks faced by the company.
To see Spark’s full report on GB:EME stock, click here.
Empyrean Energy PLC announced that Nortrust Nominees Limited has acquired 154,000,000 ordinary shares, representing approximately 4.12% of the company’s issued share capital. This acquisition may influence the company’s shareholder structure and could have implications for its market position and future strategic decisions.
Spark’s Take on GB:EME Stock
According to Spark, TipRanks’ AI Analyst, GB:EME is a Underperform.
Empyrean Energy is in a challenging financial position with no revenue and ongoing losses. Technical analysis indicates a bearish trend, and the valuation is poor due to negative earnings. However, recent corporate developments, including potential oil discoveries and strategic investments, offer some positive prospects. Despite these developments, the overall score reflects significant risks due to financial instability.
To see Spark’s full report on GB:EME stock, click here.
Empyrean Energy PLC announced that its joint venture partners have decided to conduct a Drill Stem Test (DST) on a potential oil zone in the Wilson River-1 well. The testing is scheduled to begin in late April, with further analysis and potential extended production tests to follow, indicating a strategic move to enhance their operational capabilities and market positioning.
Empyrean Energy PLC announced that Nortrust Nominees Limited has acquired a 3.33% stake in the company, holding 124,500,000 ordinary shares. This acquisition reflects a significant investment in Empyrean Energy, potentially impacting the company’s market positioning and indicating confidence in its future prospects.
Empyrean Energy PLC announced that the Wilson River-1 well has reached its total depth of 1464 meters, with preliminary logs indicating a potential 6-meter gross oil zone. The well has been cased and suspended for further petrophysical analysis to determine a testing and completion regime, with results expected within a week. The company aims to compare these findings with nearby producing wells to optimize their testing program, potentially impacting their operational strategy and stakeholder interests.
Empyrean Energy PLC announced that Nortrust Nominees Limited has acquired a significant stake, holding 150,500,000 ordinary shares, which accounts for approximately 4.03% of the company’s issued share capital. This development could influence Empyrean’s market dynamics and stakeholder interests, reflecting potential shifts in ownership and investment strategies.
Nortrust Nominees Limited has acquired a significant stake in Empyrean Energy PLC, now holding 150,500,000 ordinary shares, which constitutes approximately 4.03% of the company’s issued share capital. This development may influence Empyrean’s market dynamics and shareholder structure, potentially impacting its strategic decisions and investor relations.
Empyrean Energy PLC has commenced drilling operations for the Wilson River-1 well in Southwest Queensland, Australia. The well aims to evaluate the hydrocarbon potential of specific geological formations, with the drilling expected to reach its total depth within 5-6 days. The company plans comprehensive formation evaluation and potential testing, which could significantly impact its operations if successful. The CEO expressed optimism about the exploration in a well-established basin, highlighting the potential for rapid commercialization of any discoveries.
Empyrean Energy PLC announced that Conrad Asia Energy, the operator of the Mako Gas Field in Indonesia, has received a directive from the Indonesian Ministry of Energy and Mineral Resources to allocate all Mako gas for the Indonesian domestic market. This decision aligns with Indonesia’s New Energy Plan, which prioritizes gas exploration and production to meet rising domestic energy demand. The directive is expected to support potential farmout arrangements and financial investment decisions for the Mako Gas Field, enhancing its commercial viability and strategic importance in the region.
Empyrean Energy PLC has announced that preparations for drilling the Wilson River-1 well are underway, with the rig package arriving on site and setup commencing. The well is expected to spud over the weekend, marking a significant step in the company’s operational activities, with potential implications for its market positioning in the oil and gas sector.
Empyrean Energy PLC announced that all resolutions were passed at its recent General Meeting through a poll. This decision, which includes the authority to allot shares and the dis-application of statutory pre-emption rights, reflects strong shareholder support and is expected to facilitate the company’s strategic initiatives and operational flexibility.
Empyrean Energy PLC has announced the scheduling of a General Meeting on March 10, 2025, to be held at Cavendish’s offices in London. Shareholders are advised that voting will be conducted electronically, with no physical proxy forms being sent out, although hard copies can be requested from the registrars. This move demonstrates Empyrean’s commitment to streamlining its shareholder communication and engagement process.
Empyrean Energy PLC announced that a cultural heritage survey at the Wilson River-1 well site was completed, indicating no cultural heritage features at the designated drill location. Following this, site preparations have begun, with drilling expected to commence in March pending final approvals and weather conditions.
Empyrean Energy PLC has successfully secured an additional 12.8% working interest in the Wilson River-1 well, increasing its stake to 52.8% upon completion. This acquisition is part of a strategic agreement with Chi Oil and Gas Pty Ltd and Condor Energy Services Limited, involving pre-drill expenses for the ATP1173 lease. The company has raised £625,000 through a placing of 500 million new shares, with funds allocated for the drilling, logging, and testing of the Wilson prospect, as well as general working capital needs. This move positions Empyrean to enhance its operational capacity and strengthen its standing in the oil and gas sector.
Empyrean Energy PLC announced that Nortrust Nominees Limited has acquired 121,500,000 ordinary shares, representing 3.75% of the company’s issued share capital. This acquisition may influence Empyrean’s market dynamics and shareholder composition, impacting its strategic positioning in the oil and gas industry.