Empyrean Energy PLC
20 July 2006
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Glantal Gas Project, Germany
- Testing operations start up
- Bottom two zones test formation water
- Testing of remaining zones in progress
AIM quoted Empyrean Energy PLC today announces that testing of the intervals
considered to be most likely to produce gas at Glantal-1 well has commenced.
Four initial zones have been chosen, commencing with the lowermost interval
of 1445-1455m. The operator Pannonian International Ltd ('Pannonian'), a
wholly owned subsidiary of U.S.-based Galaxy Energy Corporation (Amex: GAX),
has reported that the first test operation was completed on the 15th July 06.
A light blow was recorded at the surface and approximately 56 gallons
(212 liters) of fluid was recovered in the test string. A sample of formation
water was collected from the test chamber and is at present being analysed.
Examination of pressure charts recovered after the operation has confirmed that
the test was valid. Pannonian has since reported that initial interpretation
of the charts has indicated that the permeability of the reservoir may be due
to both matrix and fracture.
The second zone of 1355-1379m was tested on the 18th July with similar results.
No gas was detected and formation water samples have been collected for analysis
while pressure charts are at present being examined.
Preparations for testing the third zone of 1228-1249m are under way and the
results will be announced once analysis of the pressure charts is reported to
Empyrean Energy PLC by Pannonian.
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
Angus Prentice/Laurence Read
Conduit PR
Tel: +44 (0) 207 429 6603
Mob: +44 (0) 79974 982512
Empyrean Energy PLC
Tel : +44(0) 207 932 2442
Imran Ahmad / Luke Cairns / Cecil Jordaan
HB-Corporate
Tel: +44(0) 207 538 1166
This information is provided by RNS
The company news service from the London Stock Exchange
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