Holding(s) in Company

Empyrean Energy PLC
17 May 2007



17 May 2007

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

TR-1(i): NOTIFICATION OF MAJOR INTEREST IN SHARES

1.       Identity of the issuer or the underlying issuer of existing shares to which voting 
         rights are attached (ii):

Empyrean Energy Plc

2.       Reason for the notification:

An acquisition or disposal of voting rights

3.       Full name of person(s) subject to the notification obligation (iii):

Barclays PLC

4.       Full name of shareholder(s) (if difference from 3):

Barclays Stockbrokers Ltd

5.       Date of the transaction and date on which the threshold is crossed or reached (v):

10 May 2007

6.       Date on which issued notified:

11 May 2007

7.       Threshold(s) that is/are crossed or reached:

8% to 9%

8.       Notified details

      A: Voting rights attached to shares

         Class/type of share if possible using the ISIN Code                 GB00B09G2351

         Situation Previous to the triggering transaction (vi) -
                        Number of Shares                                     4,460,622
                        Number of Voting Rights (viii)                       4,460,622

         Resulting situation after the triggering transaction (viii) -
                        Number of Shares                                     4,540,938
                        Number of Voting Rights - Direct (x)                 0
                        Number of Voting Rights - Indirect (xi)              4,540,938
                        % of voting rights - Direct                          0
                        % of voting rights - Indirect                        9.16


      B: Financial Instruments

      Resulting situation after the triggering transaction (xii)

         Type of financial instrument                                        N/A

         Expiration date (xiii)                                              N/A

         Exercise/Conversion Period/Date (xiv)                               N/A

         Number of voting rights that may be acquired if the
         instrument is exercised/converted                                   N/A

         % of voting rights                                                  N/A

Total (A+B)

         Number of voting rights                                             4,540,938

         % of voting rights                                                  9.16

9.       Chain of controlled undertakings through which the voting rights and/or the financial 
         instruments are effectively held, if applicable (xv):

Barclays Stockbrokers Ltd

Proxy Voting:

10.      Name of the proxy holder:                                           N/A

11.      Number of voting rights proxy holder will cease to hold:            N/A

12.      Date on which proxy holder will cease to hold voting rights:        N/A

13.      Additional information:                                             N/A

14.      Contact name:                                                       Geoff Smith

15.      Contact telephone number:                                           020 7116 2913


For further information

Laurence Read/ Ed Portman               Empyrean Energy plc                  Rod Venables/Cecil Jordaan
Conduit PR                              Tel : [phone]            HB Corporate                        
Tel: [phone]/                                                   Tel: [phone]
[phone]

 







                      This information is provided by RNS
            The company news service from the London Stock Exchange