How much did Empyrean raise via a placing on 16 September 2026?

Empyrean Energy is an oil and gas exploration and development company with upstream gas-focused interests in Southeast Asia, Australia and the United States. Its principal development exposure is the Mako Gas Field project in the West Natuna Sea, Indonesia.

Sector: Oil & Gas
Market: AIM

Insight

What stake did Empyrean Energy agree to acquire in the GOLD Cluster in Upper Austria?

Empyrean entered a binding heads of agreement with ADX VIE to acquire a 10% economic interest in the GOLD Cluster in Upper Austria.

Updated 17 Sept 2026

Insight

How many shares did Empyrean Energy have in issue after its 2 billion new share placing?

After the placing of 2bn new shares at 0.05p each, Empyrean said it will have 7.72bn shares in issue.

Updated 17 Sept 2026

Insight

What capex-to-first-gas cost did Empyrean Energy report for the Mako development?

Empyrean reported total capex to first gas of about US$320m (100% basis) for the Mako development.

Updated 17 Sept 2026

Insight

What amount of cash is Empyrean set to receive after Indonesia’s MEMR approved the Mako interest transfer?

After Indonesia’s MEMR approved the transfer of Empyrean’s 8.5% participating interest in the Mako gas field, Empyrean is set to receive $16m in tranches: $5m on approval, $4m within 30–45 days, and $7m on first production targeted for Q4 2027.

Updated 17 Sept 2026

Insight

What cash entitlement does Empyrean Energy say it will maintain to West Natuna Exploration Ltd (WNEL)?

Empyrean says it will maintain its defined 8.5% entitlement to cash payments to West Natuna Exploration Ltd (WNEL), including cash payments arising from Mako gas sales revenue, subject to documentation items in the operator’s 10 September announcement.

Updated 17 Sept 2026

Identifiers

Ticker: EME
Market: AIM
ISIN: GB00B09G2351
LEI: 213800ZRH1WBHEWDFA57

Learn more on:

GLEIF Companies House

Timeline

Empyrean Energy

Empyrean says Mako gas project stays on budget for 2027 start

Empyrean raises £1m to fund Austrian gas well drilling

Empyrean Energy to earn 10% stake in Austrian gas cluster

Empyrean secures funding certainty as farm-down completes

Empyrean secures approval for Mako stake transfer

Empyrean Energy signs jack-up drilling contract for Mako gas field

Empyrean Energy shares rocketed after Mako gas FID

More in Oil & Gas

Harena Resources secures key permit for Ampasindava project

IP Group leads £4m funding round for AI materials spin-out

Mila Resources extends Yarrol gold system to new depth

Ajax Resources sets target for Oslo equity raise

Enwell Energy reports third straight quarter without production in Ukraine

Gore Street locks in two-year toll deal for Texas battery assets

Afentra reshuffles Block 3/05 drilling schedule, targets January oil

Vast Resources lifts Aprelevka gold output as tailings plant nears commissioning

Cornish Metals pushes South Crofty dewatering past 400 metres

Kefi Gold and Copper restarts Tulu Kapi development

First Development Resources moves to second drilling stage at Lander West

Browse by Sector

Market reports

Energy & Resources

Financials

Technology

Healthcare

Industrials

Consumer