Cash generation picking up speed at Empyrean
Oil and gas firm Empyrean Energy is few people's idea of a cash-generating machine but the AIM-listed tiddler's revenue continues to remain on an impressively upward trajectory.
Oil and gas firm Empyrean Energy is few people's idea of a cash-generating machine but the AIM-listed tiddler's revenue continues to remain on an impressively upward trajectory.
Cash received between June and November (inclusive) from the company's USA based production assets, including the Sugarloaf Project, Hercules Project and Riverbend Project, rose 55% from the preceding six-month period to $1.68m.
Generally speaking there is a lag between production and the receipt of cash, with the cash received from hydrocarbon sales in any given month relating to production accumulated from two months or so earlier, the company explained.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The Sugarloaf Project is now firmly into a development phase and this upwards trend in revenue is expected to continue as further wells are brought into production, the company said.
--
jh
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Company directors face new ID checks – how to avoid paying hundreds on verification
Company directors could end up paying hundreds of pounds to comply with new identity checks but it is possible to comply without paying a penny
-
Will petrol prices rise this year?
Petrol has been relatively cheap in the UK so far in 2025, hitting a four-year low in May. But with conflict in the Middle East making the price of oil more volatile, will petrol become more expensive?