Empyrean Energy PLC
01 November 2007
1st November 2007
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Sugarloaf Block A, Texas USA
• TCEI JV Block A # 1 well being prepared for testing to commence
• TCEI JV Block A # 2 well reaches total depth
• Gas shows (# 2) correlate with the shows seen in the Sugarloaf-1
well on Block B
Empyrean, the AIM listed oil and gas company with exploration and production
assets in Germany and USA today announces the following regarding Sugarloaf
Block A in Texas:
TCEI JV Block A-1 Well
----------------------
The operator of Block A is preparing the TCEI JV Block A-1 well for fracture
stimulation and testing.
As previously reported, this well encountered gas shows and gas flares during
drilling - including a 600 foot zone with a constant gas flare.
A further update will be provided when the exact timing for this testing becomes
clear.
TCEI JV Block A-2 Well
----------------------
Empyrean has been advised by Texas Crude Energy Inc that the TCEI JV Block A #2
well has reached a total depth of 12,032 feet and production casing has been
run.
The vertical well encountered gas shows that correlate with the gas shows seen
in the Sugarloaf-1 well on Block B.
It is understood that this well will be used to monitor the testing of the TCEI
JV Block A-1 horizontal well and then subsequently tested.
Further updates will be provided as the timing for testing operations is
confirmed.
Proposed TCEI JV Block A-3 Well
-------------------------------
Empyrean has agreed to participate in the drilling of a further well on Block A,
the TCEI JV Block A-3 well. This well will be part of the recently announced 16
well program and as with the previous two wells on this Block, Empyrean will
have a 7.5% working interest in this well. The well will be a horizontal well
targeting the shallow zone that correlates to the production from the discovery
well nearby.
Empyrean director, Tom Kelly commented 'This third well following the Block A
operator's discovery well earlier this year is a clear indication that the
operator has a high degree of confidence in the shallow zone that they have
production from. We look forward to the results from this well and eagerly await
testing to commence on the previous two wells'.
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: +44 (0) 207 429 6611 / +44 (0) 7791 892 509
Rod Venables / Cecil Jordaan
HB Corporate
Tel: +44(0) 207 510 8600
Empyrean Energy plc
Tel : +44(0) 207 182 1746
This information is provided by RNS
The company news service from the London Stock Exchange
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