Empyrean Energy PLC
13 April 2006
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Drilling Update
• Good oil shows encountered whilst drilling at Eagle North-1 in
California, USA.
• Oil encountered is in the target lower Mary Bellocchi oil sands.
AIM quoted Empyrean Energy PLC today announces the following update on the Eagle
North-1 well, California, USA:
Victoria Petroleum NL as operator for the Eagle North-1 horizontal well in the
Eagle Oil Pool Development Project in the San Joaquin Basin advises that at 2300
hours Central Pacific Time 12 April 2006, the current operation at Eagle North-1
horizontal well was drilling ahead at 4,272 metres (14,015 feet) measured depth
after encountering oil shows in the target lower Mary Bellochi oil sand.
The operator has advised good oil shows for the drilling conditions were first
seen in drill cuttings at 4,255 metres (13,960 feet ) measured depth (4,152
metres TVD KB) and continue to be present.
The forward plan is to drill another 25 metres to 4,293 metres (14,085 feet) and
then pull out of the hole to run 4 1/2 inch casing. The well bore is currently
at an angle of 87 degrees from the vertical.
With the Kreyengagen Shale behind the 41/2 inch liner, the Gatchell target oil
sands will be drilled with a normal pressured water based KCL-Clarizan mud
minimising formation invasion and maximing the evaluation of the oil bearing
potential of the oil sand.
Following setting of the intermediate 41/2 inch liner, a 3 3/4 inch horizontal
well bore will then be drilled over a distance of 320 metres to within 30 metres
of the Mary Bellocchi-1 oil well. This horizontal well bore will then be
completed for production with a 2 7/8 inch slotted production liner.
A further update will be made as information becomes available.
Executive Director - Tom Kelly commented 'This type of oil show is extremely
encouraging and we look forward to being able to provide a further update as our
completion operations progress.'
The information contained in this announcement has been 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
Laurence Read/ Angus Prentice
Conduit PR
Tel: +44 (0)207 429 6603
Mob: +44 (0)7974 982 512
Imran Ahmad
Toby Howell
HB-Corporate
Tel: +44(0)207 510 8600
Empyrean Energy plc
Tel : +44(0)207 932 2442
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.