Drilling Report

RNS Number : 5436C

Empyrean Energy PLC

16 November 2009

 



16th November 2009

Empyrean Energy PLC

('Empyrean' or the 'Company', (EME))

Riverbend Project, onshore Texas, USA.

• Operator calls Total Depth at the Quinn 3H well and prepares for completion.

• More gas and fractures encountered.

Empyrean Energy Plc is pleased to announce that it has been advised by Krescent Energy Company LLC ("Krescent"), the operator of the Riverbend Project in Texas, that drilling at the Quinn 3H well had progressed to a measured depth of 16,641 feet where Total Depth ("TD") was called at 2am on 13th November 2009. 

Since the last report, further significant and minor fractures have been encountered.

The well plan had allowed for up to 5000 feet of horizontal to be drilled. The operator and JV partners have agreed to cease drilling and prepare for completion as multiple significant fractures and numerous smaller fractures have been encountered since entering the target zone. The number of fractures and gas pressures encountered generally compares favorably with successful longer horizontal wells drilled by operators to the north of the Riverbend Project area.

Forward operations will include running production casing prior to preparing for testing of the well. A sales pipeline is already connected to the well site allowing for the well to be production tested direct to sales.

Empyrean is earning a 10% working interest in the Riverbend Project.

Further updates will be provided as significant events occur.

The information contained in this announcement was 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 "Empyrean is excited to be commencing preparations to test the first well on the Riverbend Project. This project has an estimated recoverable hydrocarbon potential of 800 billion cubic feet gas equivalent. It will be interesting to see how the Quinn 3H well responds during the testing phase with a relatively short horizontal section."    

Contact:

Tom Kelly               Empyrean Energy Plc        Tel: [phone]

Nominated Adviser and Broker:

Jerry Keen              Astaire Securities Plc         Tel: [phone] 

Shane Gallwey        Astaire Securities Plc         Tel: [phone]

 

END

 

 

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