How COVID-19 has impacted Empyrean Energy and measures they’ve taken as a business to combat it. Read on below.
Our aim is to help you buy Empyrean Energy shares armed with as much research and information as possible.
Below we’ve aggregated up to date information on Empyrean Energy including a detailed coronavirus section, full company information and live share prices and trend graphs. We’ve also added a step by step guide showing you exactly how to buy Empyrean Energy shares.
Empyrean Energy is involved in resource exploration and development. It currently has three major sites: offshore China, offshore Indonesia, and the Sacramento Basin, California, U.S.A.
Just southeast of Hong Kong, the Pearl River Mouth Basin, China, project gives Empyrean all of the exploration rights. With a successful breakthrough, China National Offshore Oil has a 51% buy back option. Through its 2017 acquisition of West Natuna Exploration, Empyrean gained a 10% interest in the Mako shallow gas resource. Exploring the commercialization of gas in northern Sacramento Basin opened up the prospects for the Dempsey and Alvares projects.
Created in 2005, the Australian based company is traded on the London exchange as EME.
With the social distancing and remote work orders, the demand for fuel has greatly decreased. Travel has all but ended. With only essential business open and most governmental and educational facilities closed, the impact continues. As lockdowns release, the needs are expected to increase, but if the additional waves of the pandemic materialize, the future is uncertain.
MARCH 31ST
Indonesia â The work on the Mako gas field is close to completion. Even with travel restrictions, the company expects the report to be delivered on time. The field is located near the West Natuna pipeline and gas will be marketed to both Indonesia and Singapore with a buyer already committed.
China â Travel restrictions involving China has impacted the ability to plan and drill a well offshore. Drilling was planned for the Pearl River Mouth Basin for some time between December 2020 and May 2021 when the weather is the most favorable.
California â The Borba well drilling has been placed on hold.
APRIL 14TH
Indonesia â There are currently no major obstacles toward the analysis of the prospects with a full report expected.
China â The technical and data portion of this project have been completed and analysis is in progress.
Open Offer â The company issued an open offer to qualified shareholders at one new share for every eight currently held.
It’s a very simple and straightforward process to getting started and owning a share of Empyrean Energy. Our step by step guide below will show you just how easy.
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