Drilling Report

Empyrean Energy PLC
14 November 2007


14 November 2007
                              Empyrean Energy PLC
                  ('Empyrean' or the 'Company'; Ticker: (EME))
             
              Sugarloaf Prospect, ('Sugarloaf'), Block B, Texas USA

   •Sugarloaf-1 well starts producing gas and condensate on flow test from
    deepest of three zones

   •Kennedy #1H well reaches total depth after encouraging gas readings
    whilst drilling and prepares to run electric logs

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

Kennedy #1H Well
----------------
Texas Crude Energy Inc has advised that the Kennedy-1 exploration well has
reached total depth of 16,750 feet (measured depth) and is running logs prior to
casing for completion and testing. Total depth was called some 820 feet short of
the original proposed measured depth of 17,570 feet for operational convenience.
Background gas levels whilst drilling in the Austin Chalk upper target zone
remained in the range of 40 to 300 units; the commercial significance of which
will not be known until testing operations are completed.

Sugarloaf-1 Well
----------------
Post fracture stimulation logs have now been run and are being analysed. The
lowermost Austin Chalk interval that was previously fracture stimulated has been
put back on flow test and on 11 November commenced flowing gas at a rate of
387,000 cubic feet per day with approximately 335 barrels of water (mostly frac
fluids) per day. As at report time on 13 November, the well had declined to
180,000 cubic feet per day with minor quantities of water. In addition, over the
final 5 hours of the report period, 39 barrels of condensate had been produced.
The significance of these flows will not be known until the testing of the zone
has been completed and analysed.

Further updates will be provided following developments.

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.

Commenting today, Empyrean director Tom Kelly said - 'The fact that the
Sugarloaf-1 well has started producing gas and now condensate on test flow is
very encouraging. This has significant implications for the potential
productivity from the deepest of three potentially productive zones in the
Sugarloaf-1 well. More testing and information is required, but this is
certainly encouraging from a zone that was not looking so good. In addition, the
Kennedy well appears to have gas zones that correlate to the discovery well on
Block A nearby and we look forward to analysis of electric logs and testing.'

For further information

Charlie Geller/ Ed Portman
Conduit PR
Tel: [phone]/
[phone]

Rod Venables
HB Corporate
Tel: [phone]

Empyrean Energy plc
Tel : [phone]



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