Project Margarita Update

Empyrean Energy PLC
06 June 2007



                              Empyrean Energy PLC
                  ('Empyrean' or the 'Company'; Ticker: (EME))
                Update on Project Margarita, Gulf Coast Texas USA
                -------------------------------------------------
                                       
Phase 2 shallow drilling programme commences

AIM quoted Empyrean Energy PLC today announces the following update regarding
phase 2 of the shallow drilling programme at Project Margarita:

The drilling rig has been moved into position at the Donna Carlota Prospect and
the Company is pleased to announce that Donna Carlota #1 well has been spudded
and that the operator last reported that the rig was drilling ahead at 350 feet.

The prospects with mean potential target outcomes and final well depths are
summarised below.

Prospect          Potential Mean Reserves              Total Well Depth

Agavero           0.7 BCF                              1,341 metres
Dona Carlota      0.8 BCF                              1,524 metres
Climaco           1.6 BCF                              1,981 metres


Participants in the Margarita Project are:

Empyrean Energy PLC *         44.00%
Sun Resources NL#             20.00%
Victoria Energy NL#           20.00%
Wandoo Energy LLC +           16.00%
Total:                        100.00%

# ASX listed

*AIM listed

+USA Private Interest

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:

Charlie Geller/ Ed Portman
Conduit PR
Tel: [phone]

Empyrean Energy plc
Tel : [phone]

Rod Venables/ Cecil Jordaan
HB Corporate
Tel: [phone]


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