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Empyrean Energy

EME · AIM · Energy · mcap £3.5m · 0.0p 1 open situation →

EV
£8.2m
EV / EBIT
–
Net debt
£6.1m
FCF yield
-39.7%
Revenue
£0k
Share price 1y
−43%
Insiders 12m
no deals
Next report
around 10 Dec

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Project milestones◷ in 3 days

GOLD Cluster interest and GOLD-1 well

EIA signing expected; site works start 27 Oct

Empyrean is acquiring a 10% economic interest in ADX.V's GOLD Cluster (GOLD, ZAUN, GRAB shallow gas prospects, ~73 km², Upper Austria), first announced on 14 September 2026. On 26 October 2026 it said the EIA is expected by 30 October, site construction starts 27 October and GOLD-1 spuds in early January 2027.

Interest
10% economic interest in GOLD Cluster, ADX-AT-II licence, Upper Austria 26 Oct 2026 ↗
Counterparty
ADX VIE GmbH, which currently holds 100% of the licence area 26 Oct 2026 ↗
EIA signing
Expected by 30 October 2026 26 Oct 2026 ↗
Site construction
Scheduled to start 27 October 2026 26 Oct 2026 ↗
GOLD-1 spud
Expected first week of January 2027, timed for rig availability and to avoid the festive period 26 Oct 2026 ↗
Cost
Not stated 26 Oct 2026 ↗

Next: EIA execution, then GOLD-1 site construction and spud · 30 Oct 2026

  1. 26 Oct 2026 EIA signing expected; site works start 27 Oct
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Closed · 3

Dilutive fundraisePlacing of 36% of the market value completed · 16 Sep 2026 – 16 Oct 2026 Dilutive fundraisePlacing of 20% of the market value went quiet · 21 Jul 2025 – 20 Aug 2025 −63% Insider conviction1 director buying £20k in 1 buy · 5 Apr 2024 – 4 Jul 2024 −63%

Company filings. Not investment advice.

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