Empyrean Energy PLC
22 February 2007
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Project Margarita, Gulf Coast Texas USA,
shallow gas exploration drilling program
• Milagro # 1 well encounters potential oil pay.
AIM quoted Empyrean Energy PLC today advises that the Milagro # 1 well, the
second in the shallow drilling program, reached total depth and wireline
logging operations commenced at approx. 9:00 PM WST February 20, 2007.
Wireline log operations, including sidewall cores were conducted over a
period of 20 hours. Initial interpretation indicates there is potential oil
pay of approximately 4.3 meters (14 feet) within the target sands.
Preparations will commence immediately for the well to be cased with 4 1/2
inch production liner using the current rig in anticipation for completion
and production testing. An update will be provided as the timing for the
production test becomes certain.
El Viejito #1, the 1st well in the Margarita shallow drilling program, is
waiting on testing equipment to arrive at the well site in order to test the
potential previously announced gas pay interpreted from wireline log
operations.
Participants interests on completion of each of the wells in the program
are:
*Empyrean Energy PLC 44.00%
# Sun Resources NL 20.00%
#Victoria Petroleum NL 20.00%
Wandoo Energy LLC (operator) 16.00%
-------
100.00%
# ASX listed
* AIM listed
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) 207 182 1746
Rod Venables/ 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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