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
Timeline · every situation
dots = announcementsOpen · 1
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
- 26 Oct 2026 EIA signing expected; site works start 27 Oct
Closed · 3
Company filings. Not investment advice.