Empyrean Energy PLC. Stock Analysis EME.L

Empyrean Energy Plc engages in financing the exploration, development, and production of energy resource projects. The company is headquartered in Subiaco, Western Australia. The company went IPO on 2005-07-27. Its projects include the Duyung PSC project, and the Sacramento Basin project. The company also owns an option to participate in a conventional oil exploration project (the Wilson River Prospect). The Duyung PSC covers an offshore permit of approximately 1,100 square kilometers in the West Natuna Basin. Its multi-project participating interest is in the Sacramento Basin, California, which includes Riverbend Project (10% working interest) and Eagle Oil Pool Development Project (58.084% working interest). The Riverbend Project is located in Jasper County, Texas, United States. The Eagle Oil Pool Development Projects is located in the prolific San Joaquin Basin onshore, southern California. The Wilson River Prospect is situated close to existing infrastructure in the Cooper Basin in Southwest Queensland, Australia, and adjacent to several producing oil fields.