Empyrean Energy

Habbayut I am still keeping en eye on EME, and still holding an amount. I have been considering adding more, but will likely not add in January before news, any adding will be in TAG before their news. My new year resolution is to reduce risk a bit (well reduce exposure to it while still keeping my finger in the pie) as although I love the stress and excitement of high risk high reward plays, I want a more relaxing 2006 ;)

As you say, the story is compelling and for Germany the first drill is the most important, but also not the full story, as initially it will only confirm if there is or not a seal, which could have trapped some gas. Eagle Pool as Zengas says is more important to EME, this is the one which has to provide the basic value for EME (forgetting blue sky "potential" Germany). All eyes have to be on Eagle Pool developments and progress. I think for Germany test results on the drills and work are due for release in Q1, meaning probably that anytime in March they will notify the market on the German prospect work done and what the conclusion is, therefore I would say ignore this for now, and concentrate on Eagle Pool.