Empyrean Energy PLC
28 July 2006
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME)
Projects Update
---------------
- Glantal testing operations completed in Germany
- Eagle North -1 testing in California, USA
- Sugarloaf Hosston Prospect in Texas
Glantal-1
AIM quoted Empyrean Energy PLC today announces that testing operations of the
intervals considered to be most likely to produce gas at Glantal-1 well have
been completed. In addition to the results of the testing of the first two zones
reported in the previous announcement of the 19th of July 06, the operator
Pannonian International Ltd ( 'Pannonian'), a wholly owned subsidiary of
U.S.- based Galaxy Energy Corporation ( Amex: GAX), has reported that the higher
zones 3 and 4 have produced similar results.
Zone 3 1228 -1249m exhibited the best permeability of all the zones tested and
yielded 92 gallons (249 litres) of connate water and no significant gas during a
4 hour flow period.
Zone 4 1205-1220m yielded a very small amount of flammable gas to surface during
the flow periods with no discernible formation water retrieved.
Since the four zones tested were considered to be the most likely to flow gas ,
the results confirmed that no further testing of this first well was warranted
and the partners unanimously decided to plug and abandon the well. This final
operation is underway.
Pre-drill mapping has always shown substantial compartmentalisation of
reservoirs over this giant anticlinal structure and the drilling of Glantal-1
was able to prove that the required seal quality lithology is present on the
massive Pfalzer Anticline. Althought the test results were disappointing, they
have done nothing to impede planning for further exploration of the prospect.
More specifically, preliminary preparations are already underway to acquire new
seismic data over selected portions of the anticline to better locate further
drilling locations in blocks lying updip of the Glantal-1 well.
Eagle North -1
Production testing operations are likely to recommence in the near future. The
operator , Victoria Petroleum NL, has advised that the completion rig, which has
been contracted for the continuation of production testing at Eagle North-1
well, is nearing the end of its present operation and will then be relocated to
the Eagle North-1 location immediately.
Sugarloaf Hosston Drilling
Drilling preparations are underway at the multi TCF gas potential Sugarloaf
Hosston Prospect in Texas. Drilling is scheduled to commence as soon as the
contracted rig is released from present operations. A further announcement will
be made as soon as this happens and a spud in date becomes clear.
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
Patrick Cross- Chairman
Empyrean Energy plc
Tel: +44 (0) 207 932 2442
Imran Ahmad / Cecil Jordaan
HB Corporate
Tel: +44 (0) 207 510 8600
This information is provided by RNS
The company news service from the London Stock Exchange
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