Bondi Prospect Update

Empyrean Energy PLC
10 December 2007






                              Empyrean Energy PLC
                  ('Empyrean' or the 'Company'; Ticker: (EME))

                           Bondi Prospect : Texas USA
                           --------------------------

AIM listed Empyrean, the oil and gas explorer and producer with assets in
Germany and the USA, today announces the following:

Raun # 1 well
-------------

The operator has advised that Raun #1 reached a total depth of 3,810m
(12,500ft). The well found thin non-commercial gas sands in the target Wilcox
section between 3,201m (10,500 ft) and the total depth of the well. As a result
the well has been plugged back to a depth of 10,919ft(3,328m) in order to
evaluate 2 potential gas bearing sands which together amount to a thickness of
50ft between 2,149M (7,050ft) and 2,210m (7,250 ft).

The drilling rig will now be released and a smaller more cost effective rig will
be used to test these zones as soon as a suitable rig can be located.

Further updates will be provided as significant information comes to hand.

The information contained in this announcement was completed and reviewed by the
Technical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who has
over 40 years experience as a petroleum geologist.

For further information:
Jonathan Charles / Ed Portman
Conduit PR
Tel: [phone]

Rod Venables / Cecil Jordaan
HB Corporate
Tel: [phone]

Empyrean Energy plc
Tel : [phone]



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