Empyrean Energy agrees sale of Sugarloaf interest for initial $62m
18th Jan 2016 09:55
(ShareCast News) - Empyrean Energy, the AIM-listed oil and gas developer, has agreed to offload its 3% interest in the Sugarloaf AMI shale oil development for up to $71.5m cash to Riverstone Holdings vehicle Carrier Energy Partners II (CEP II). Empyrean will receive an initial $61.5m cash on the clo
Read moreEmpyrean Energy shares lift on news of upgrade
8th Jul 2015 12:20
Shares in Empyrean Energy rose after the explorer said it received a major upgrade to its Sugarloaf project in Texas. The AIM-listed stock rose 3.41% to 3.41p by 12:25 on Wednesday after it said proved and probable reserves were up by 94%. The Sugarloaf project is operated by Marathon Oil company w
Read moreEmpyrean Energy enters hedging programme as part of Macquarie debt financing
8th Apr 2015 14:58
Oil and gas explorer Empyrean Energy said it has entered a hedging programme related to output from its Sugarloaf AMI in Texas. The news comes shortly after the US-focused group announced a debt finance facility with Macquarie Bank and Empyrean said the hedging programme fulfils the bank's requireme
Read moreEmpyrean Energy in takeover talks as well production dips
30th Dec 2014 11:15
US oil & gas explorer Empyrean Energy unveiled record half-year production at a flagship project but problems at another and said it was considering selling itself. Empyrean said its main Sugarloaf AMI project had produced a record 199,952 barrels of oil equivalent attributable to the company in the
Read moreEmpyrean Energy sees significant potential at Sugarloaf
8th Sep 2014 09:46
US oil & gas explorer Empyrean Energy said one of its oil fields was showing signs of being transformational as it unveiled record annual financial and production results. US oil & gas explorer Empyrean Energy said one of its oil fields was showing signs of being transformational for the company as
Read moreEmpyrean Energy bounces to five-year high as it proposes sale
10th Jul 2014 16:01
Texas-focused Empyrean Energy has put itself up for sale as part of a strategic review to maximise value for shareholders. Empyrean, which has appointed Macquarie Capital to conduct the formal sale process only with broker Cenkos Securities overseeing, stressed that it had not yet received any appr
Read moreEmpyrean's production expected to grow in 2014
7th Mar 2014 15:04
Onshore oil and gas company Empyrean said it expects to see output and proven reserves grow at year-end with up to 110 new wells in production. The firm is currently producing about 900 barrels of oil equivalent per day, led by the Sugarloaf AMI licence in South Texas. Sugarloaf had 101 gross p
Read moreEmpyrean hails Baytex takeover of Sugarloaf partner Aurora
7th Feb 2014 08:15
Empyrean Energy, the AIM-listed onshore oil firm focused on the US, has said that a third-party takeover of its partner at its flagship Sugarloaf project spells good news for the Texan asset. Canada-listed energy group Baytex on Thursday said that it has offered to buy Aurora Oil & Gas of Australia
Read moreEmpyrean Energy to recommence operations at Riverbend Project
19th Mar 2013 10:09
AIM-listed oil and gas exploration company Empyrean Energy will recommence operations at the Riverbend project, where it holds a 10 per cent working interest. In an update issued on Tuesday, Empyrean Energy reported that a new operator had been appointed and said that the Cartwright-IH well would b
Read moreResources round-up: Conroy, Empyrean Energy, New World Oil and Gas
9th Oct 2012 14:29
Shares in Conroy Gold and Natural Resources, an AIM-listed mining company, leapt after the firm discovered two new gold targets at the Slieve Glah licence area in County Cavan, Ireland. The two targets, each of which are over 3km in length, returned anomalous gold values from the assay analysis, whi
Read moreLondon close: Stocks finish flat, Sterling up but overbought
21st Sep 2012 16:48
Footsie's movements were being directed by the Grand Old Duke of York today and, as in the old nursery rhyme, ended the day more or less neither up nor down. Extra time often leads to penalties What was set up to be the big item of the day, the decision from the independent directors of mining gr
Read moreLondon midday: Stocks tread water
21st Sep 2012 11:50
After a bright start London reversed course shortly after 10:00 and the top-share index is now little changed. Miners are still going well, clawing back some of yesterday's losses, but utilities are out of favour, especially National Grid, after JP Morgan Cazenove downgraded the stock to "underweig
Read moreResources round-up: Diamondcorp, Empyrean, African Eagle
21st Sep 2012 10:29
Shares in Texan oil firm Empyrean Energy moved to a 52-week high on the back of a production update for new wells completed recently on the group's Sugarloaf project. The group has nine wells on the go at the project and has a 3.0% working interest in each of them. The two biggest producers - Davila
Read moreGoodwin MD ditches 5,000 shares as profits leap
30th Jul 2012 15:29
Richard Goodwin, the Managing Director of Goodwin, sold just over 5,000 shares in the company on Friday, the same day the engineering and steel castings firm reported strong growth in profits. The director traded in the shares at 1,330p a pop, earnings himself £67,404 and reducing his stake to 31,3
Read moreResources round-up: Anglesey Mining, Chariot, Empyrean...
27th Jul 2012 14:36
Empyrean Energy said the average daily equivalent oil rate at the Tipton Jonas well over the past 30 days was 595 barrels of oil equivalent per day (boe/d), with a total condensate production of 15,101 barrels and total gas production of 16.5m square cubic feet (scf). At the Brysch Jonas B well it w
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