Empyrean Energy PLC
14 February 2006
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Drilling update
Eagle Oil Pool Development Project - California, USA
AIM quoted Empyrean Energy PLC today announces the following update on the Eagle
North-1 well in California, USA.
Victoria Petroleum NL as operator for the Eagle North-1 well has advised that at
0900 hours on 14 February 2006, Perth, Australia Western Standard Time, Eagle
North-1 was at 4,178 metres depth in a new 9 7/8' sidetrack hole drilling ahead
having intersected the target second Gatchell sandstone at 4,162 metres as per
the seismic prognosis.
The target sand was circulated up with an increase in gas to a peak of 42 units
over a background of 8 units at 4,167 metres accompanied by an increase in
heavier C5 gases decreasing to background at 4,175 metres. No oil fluorescence
was seen in the samples which is to be expected as a result of the current
drilling conditions using an overbalanced mud weight.
Wireline logs are required to be run to evaluate the significance of the above
gas show and the oil bearing potential of the target Gatchell sand when the well
has been drilled to its total depth of 4,220 metres which the operator expects
to be in the next 24- 48 hours.
Executive Director Thomas Kelly states 'The presence of pentane gas in the shows
is very encouraging however we will wait for the results of wireline logs before
deciding upon which zones to test'.
For further information
Laurence Read/ Angus Prentice
Conduit PR
Tel: +44 (0) 207 429 6603
Mob: +44 (0) 7974 982 512
David Newton
HB Corporate
Tel: +44(0) 207 510 8600
Chris Lambert
Empyrean Energy plc
Tel : +44(0) 207 932 2442
This information is provided by RNS
The company news service from the London Stock Exchange
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