Empyrean Energy PLC
20 February 2006
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Update
• 90%+ INCREASE IN POTENTIAL NET PAY
• PRODUCTION CASING RUN AND CEMENTED
• FLOW TESTING TO COMMENCE SHORTLY
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
following a more detailed analysis of the wireline electric logs, the net oil
pay is interpreted to be upto 13.4 meters in a gross section of 21 meters. This
has increased from the previously announced net pay figure of 7 meters by more
than 90%.
The operator has also advised that production casing has been run to a depth of
4217 meters and cemented during operations over the weekend. Currently,
preparations are being made to install the blow out preventor whilst waiting for
the cement to set. It is anticipated that the next 4 days are required to
complete preparations on the well for flow testing.
Executive Director Thomas Kelly states 'The increase in potential net pay will
have a significant positive impact on the project providing commercial flow
rates can be achieved from production testing.'
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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