Posted on 6th October 2021 | By Elric Langton | No comments
Empyrean Energy PLC (EME) is a small Australian oil seven gas exploration company with huge potential upside if it can succeed with the drill. The company has big hopes for black stuff turning into gold or wads of cash for investors and the board. The CEO, Tom Kelly, has serious skin in the game.
Empyrean first attracted my attention just over five years ago when it had USA shale exposure, a time when President Obama and subsequently Donald Trump were well on the way to turning the USA into an energy-independent country. Since then, the company sold off the shale assets, repaid all its debt, returned capital to shareholders and then embarked on an ambitious grassroots exploration strategy focusing on proven hydrocarbon basins in energy-hungry Southeast Asia. Its first foray back into exploration saw it awarded the Block 29/11 in China in late 2016. In 2017 Empyrean teamed up with Conrad Petroleum to make the Mako Gas Field discโฆ