Date: Tuesday 15 May 2012
Aussie firm Aurora Oil and Gas has agreed to purchase a six per cent interest in the Sugarloaf Project, in which Empyrean Energy holds a three per cent working interest. Empyrean said the move signals a strong interest in Eagle Ford Shale assets in the USA and in particular within its project acreage, adding that the liquids rich nature of the acreage shelters the partners from low gas prices in the US. 'The read across valuations from these corporate activities gives the board great comfort that our Sugarloaf Project is progressing successfully and that the fundamental value of the project is robust,' Empyrean said in a statement.
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| Currency | US Dollars |
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| Change Today | $ -0.57 |
| % Change | -0.90 % |
| 52 Week High | $88.05 |
| 52 Week Low | $60.53 |
| Volume | 3,005,196 |
| Shares Issued | 499.57m |
| Market Cap | $31,513m |
| Beta | 1.51 |
| RiskGrade | 131 |
| Strong Buy | 23 |
| Buy | 3 |
| Neutral | 6 |
| Sell | 0 |
| Strong Sell | 0 |
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| Time | Volume / Share Price |
| 16:16 | 119,752 @ $63.08 |
| 16:15 | 100 @ $63.07 |
| 16:15 | 106 @ $63.07 |
| 16:15 | 300 @ $63.07 |
| 16:15 | 900 @ $63.07 |
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