Market's view on Empyrean
Published on April 2024
- Stock watchers have voiced concerns over the potential consequences of not securing an extension on favourable terms for the Topaz project, highlighting a pattern of pursuing unproductive ventures.
- There’s frustration about a perceived lack of progress and innovation in company updates, with calls for new and substantial information in the upcoming quarterly announcement.
- Comments reflect dissatisfaction with the past seven years, indicating a period of perceived failure and unmet expectations within the company.
- Discussion about the possibility of forming a joint venture for future drilling operations, to mitigate financial exposure and attract partners who might share the costs.
- Temporary suspension of trading for Coro Energy PLC on AIM, requested by the company, is noted, suggesting pending significant announcements.
- A sentiment is expressed for the company to focus on delivering value from the Duyung project, with some shareholders ready to disengage after long-term involvement.