Drilling Update

Empyrean Energy PLC
10 January 2007


10 January 2007

                              Empyrean Energy PLC
                  ('Empyrean' or the 'Company'; Ticker: (EME))

                    Project Margarita, Gulf Coast Texas USA

AIM quoted Empyrean Energy PLC today announces that operations are ongoing on
the El Viejito Prospect on Project Margarita, South Texas, USA.

Current well depth at 07.00 hours Australian WST, Tuesday 9 January 2007 El
Viejito #1 is 1,129 metres.

Basal Frio and Vicksburgh targets are below 1,524 metres. It is expected that
once final depth of 1,920 metres is reached the hole will be logged and a 
decision will be made to test target zones of interest and run 2 7/8' tubing as 
the completion string.

Since the last report of 21 December 2005 there has been an extended Christmas
break and a crew changeover following the break. All programmed wells are being 
drilled on a turnkey basis at a fixed price for the joint venture and any costs 
over the fixed price due to drilling delays are to the contractor's account. 
A further update will be made on completion of the well program.

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                 Imran Ahmad/ CecilJordaan 
Conduit PR                                HB Corporate 
Tel : [phone]                 Tel: [phone]

Empyrean Energy plc
Tel: [phone]


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