Empyrean Energy PLC
25 October 2006
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Sugarloaf Hosston Prospect, Texas USA
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AIM quoted Empyrean Energy PLC today announces that at 6am Texas time on 24th
October 2006 the operator of the Sugarloaf-1 exploration well, located in the
onshore Gulf Coast Basin in Texas, USA, was drilling ahead in 6 1/2 inch hole at
a depth of 17,440 feet (5,317 metres).
Since the last report on 18th October 2006, 7 5/8 inch liner was tied back into
the 9 5/8 inch casing set at 14,480 feet (4,415 metres) and cemented to a depth
of 17,000 feet (5,183 metres). Subsequently the operator drilled 440 feet (134
metres) of Cretaceous aged limestone to the present depth of 17,440 feet.
The upper part of the primary Hosston Formation target is expected to be reached
within the next few days. As previously advised, based on seismic data and an
offset well the Hosston Formation is anticipated to consist of more than 4,000
feet (1,220 metres) of inter-bedded sandstones and shales with the potential for
multiple prospective intervals.
The proposed total depth of 21,000 feet (6,400 metres) is expected to be reached
during November assuming trouble-free drilling
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: +44 (0) 207 429 6605 / +44 (0) 7979955923
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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