Empyrean Energy PLC
25 July 2007
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Sugarloaf Block A, Texas USA
• TCEI JV Block A # 1 well update
Empyrean has been advised by Texas Crude Energy Inc that the TCEI JV Block A
#1 well, the first well to be drilled as part of the recently announced 16
well deal, continues to drill ahead having drilled to date approximately
1500 feet of the planned 4000 feet horizontal drainhole in the Cretaceous
Carbonate.
The well has encountered encouraging gas shows in addition to fluorescence
in the cuttings. Multiple gas flares measuring between 10-40 feet have been
reported during the circulation of bottoms up accumulations as the mud
weight has had to be substantially increased.
The well is planned to be drilled 4000 feet horizontally (about 15500 feet
measured depth) after which appraisal and analysis of the hydrocarbon shows
encountered during drilling will be carried out. Although encouraging, no
conclusions should be drawn from these gas shows, fluorescence and flares
until the drilling is completed and testing operations have been conducted.
Further updates will be provided as relevant information comes to hand.
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: +44 (0) 207 429 6604/
+44 (0) (797) 006 7320
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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