McMillan Well spuds on the Aq

RNS Number : 2820I

Empyrean Energy PLC

09 March 2010

 

9 March 2010

Empyrean Energy PLC

('Empyrean' or the 'Company', (EME))

Aquarius Prospect, onshore Texas, USA.

·    The McMillan WMRU A-415 no.1 well spuds on the Aquarius Prospect.

Empyrean Energy Plc is pleased to announce that it has been advised by the operator, Krescent Energy Company LLC ("Krescent"), that the McMillan WMRU A-415 #1 well commenced drilling on the 6^th March 2010.

The well has now been drilled to 3550 feet and currently drilling ahead.

The well is targeting upper expanded Wilcox sands and has a mean gross unrisked reserve potential of 5.9 billion cubic feet of gas equivalent.

Empyrean has a 10% working interest in this well.

Further updates will be provided as significant events occur.

The information contained in this announcement was reviewed by the Technical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who has over 40 years experience as a petroleum geologist.

Contact:

Tom Kelly                     Empyrean Energy Plc              Tel: [phone]
Nominated Adviser and Broker:

Jerry Keen                    Astaire Securities Plc               Tel: [phone]

Shane Gallwey              Astaire Securities Plc                Tel: [phone]

 

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