Drilling Report

Empyrean Energy PLC
06 March 2007


06 March 2007

                              Empyrean Energy PLC
                  ('Empyrean' or the 'Company'; Ticker: (EME))
                    Project Margarita, Gulf Coast Texas USA

   • El Viejito # 1 well flows gas from test
   • Dos Dedos # 1 well reaches total depth with logs indicating potential gas 
     pay
   • Milagro # 1 well testing anticipated to commence in two days
            
      
       AIM quoted Empyrean Energy PLC today announces the following update
            with regards the shallow drilling program at Margarita:
                                        
                                 
    

1.      El Viejito #1 Well

The flow test on the El Viejito #1 has been successful, with the well currently
on a 24 hour test flow period (due to finish at approx. 5:00 PM WST March 6,
2007). The well has flowed at a rate up to 210 mscfd and is currently flowing at
a stabilized rate of 175 mscfd, both flows were constrained at surface by the
choke size while engineering data is obtained. Well flowing and bottom hole
pressures are good and it is expected that the flow rate when in production can
be increased from the current level.

Gas contracts and regulatory approvals for a gas sales line are currently being
sought for the well.

2.      Dos Dedos # 1 Well

The Dos Dedos well reached total depth on February 3, 2007 at approximately 9:
30PM WST. Wireline logging operations have been conducted and the interpretation
of this data indicates a total gas pay of 3.5 meters over 3 zones. This is
within the range of expected pay predictions pre drill. The well has been
completed with production casing in preparation for a flow test.

Dos Dedos is the third well in the Margarita Project shallow drilling program,
all of which have encountered oil and or gas and all have been completed for
flow testing. Drilling operations will take a break while the rig is contracted
to another operator, a further release will be made when drilling operations on
the remaining 3 wells in the shallow program recommence.

3.      Milagro #1 well

Well flow testing is now anticipated to commence during the evening of Wednesday
(WST) March 7, 2007.

Participants in the shallow program wells are:
Empyrean Energy PLC*     44.00%
Sun Resources NL#        20.00%
Victoria Petroleum NL#   20.00%
Wandoo Energy LLC +      16.00%
                         ------
                         100.00%
# ASX listed
* AIM listed
+ USA Private Interest


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

Laurence Read/ Ed Portman                                 
Conduit PR
Tel: [phone]

Rod Venables
HB-Corporate 
Tel: [phone]

Empyrean Energy plc
Tel : [phone]                                           






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