Empyrean Energy PLC
27 April 2006
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Drilling Update
• Further oil shows encountered whilst drilling at Eagle North-1 in
California, USA.
• Increased total gas reading associated with the oil shows.
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 1830 hours Central Pacific Time 26 April 2006, the
current operation at Eagle North-1 horizontal well was preparing to drill ahead
in 4 1/8 inch hole in the horizontal well bore at 4,308 metres (14,132 feet)
measured depth (md kb) in the lower Mary Bellocchi Gatchell oil sand after
encountering further good oil shows in the target sand from 4,297 metres (14,097
feet) to current depth of 4,308 metres (14,132 feet). The well bore is currently
at an angle of 89.7 degrees from the vertical.
The operator has advised that the oil show in the target sands was accompanied
by the inflow of oil into the well bore on a flow check as seen from good yellow
oil fluorescence in the oil cut drilling mud and an increase in total gas from a
background of 2 units to a maximun of 550 units with associated heavier
hydrocarbons.
The operator has also advised that the increase in drill rate from 8 ft/hr to 70
ft /hr indicates friable and porous sand at this vertical depth of 13,622ft TVD
KB.
The forward plan is to increase the drilling mud weight (depending on formation
properties encountered) and drill ahead in the target Gatchell oil sand over a
distance of approximately 320 metres until the planned measured depth of 4,600
metres (15,090 feet) is reached.
As planned the horizontal well bore will then be completed for production
testing with a 2 7/8 inch slotted production liner.
A further update will be made as information becomes available.
Executive Director - Tom Kelly commented 'We are again pleased to see this type
of oil show, with associated total gas increases, prior to reaching our planned
total measured depth and setting production liner.'
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
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.