Empyrean Energy Plc · LSE:EME
Empyrean Energy — Shareholder Meeting (September 2026)
10 slides from Empyrean Energy's shareholder meeting presentation, Sep 29, 2026
Slide 1: 2026 Annual General Meeting
EMPYREAN ENERGY PLC 2026 Annual General Meeting Chief Executive's Address 29 September 2026
Slide 2: A Year of Transition
MY FIRST YEAR AS CEO A Year of Transition It has been a difficult year for Empyrean, and one that has tested the resilience of this company. I want to speak honestly about that before turning to how we have responded. IN MEMORIAM BOARD TRANSITION OPERATIONAL STRAIN Tom Kelly, Founding CEO Patrick Cr
Slide 3: Resetting the Foundations
OUR RESPONSE Resetting the Foundations Repaired the Relationship with Conrad Resolved the Cash Call Dispute 01 02 A negotiated settlement: 50% paid now, with the remaining 50% We rebuilt trust with our joint venture partner on the Mako project recovered from future production — protecting our cash p
Slide 4: Mako Gas Field: A Solid Foundation
KEY ASSET — Duyung PSC, INDONESIA Mako Gas Field A Solid Foundation Empyrean has been involved in Mako since the discovery well in 2017 Illustrative Cumulative Cash Flow — Empyrean's 2.015% Interest — a rare achievement for a company our size, tracked all the way through to first gas. US$ million, b
Slide 5: A Disciplined Look at the Tail: Australia & California
PORTFOLIO REVIEW A Disciplined Look at the Tail: Australia & California Alongside our core assets, Empyrean holds legacy non-operated positions in Australia and the United States. Both have been put through a hard- nosed review of remaining prospectivity, partner commitments, and cost. AUSTRALIA — A
Slide 6: New Initiative: Austria Onshore Gas
NEW GROWTH THEME New Initiative: Austria Onshore Gas Alongside strengthening our core asset- Mako Gas Field-, we have added a new growth theme to the portfolio: a 10% interest in an onshore gas appraisal opportunity in Austria, operated by an ASX-listed company active in Austria since 2019 with comp
Slide 7: Gold Prospect: A High-Confidence Target
AUSTRIA — TECHNICAL CASE Gold Prospect: A High-Confidence Target Gold prospect has been matured through extensive seismic interpretation — including AVO and attribute analysis. Empyrean's own technical team has independently reviewed the work and agrees with operator’ assessment. EMPYREAN ENERGY PLC
Slide 8: Empyrean's Share of the Upside
AUSTRIA — ECONOMICS Empyrean's Share of the Upside The farm-in was negotiated on favourable terms: a 2:1 promote to drilling and testing costs, no back costs, and ground-floor participation in any post- Gold wells — keeping Empyrean's cost exposure manageable for a 10% interest. Illustrative Cumulat
Slide 9: Two Follow-On Prospects Beyond Gold
AUSTRIA — RUNNING ROOM Two Follow-On Prospects Beyond Gold Success at Gold de-risks a wider cluster of drill-ready targets— giving Empyrean a running-room asset, not a single well. 13 Bcf mean prospective resource across the Gold cluster 55% Prob. of Success Zaun 55% Prob. of Success Grab EMPYREAN E
Slide 10: A Company Reset, and Ready to Grow
LOOKING AHEAD A Company Reset, and Ready to Grow This has been a year of genuine hardship — but also of decisive action. We have repaired key relationships, resolved a dispute that threatened to distract the business, and kept Mako on track for first gas in Q4 2027. With a new growth theme now under
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