1st August 2008
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Sugarloaf Block A, Texas USA
TCEI JV Block A # 4 well reaches total depth in the pilot hole section
Encouraging gas shows over approximately 300 feet
Horizontal drilling about to commence along the gaseous interval
Empyrean Energy Plc, the oil and gas explorer and producer with assets in Germany and the USA provides the following update on operations:
Empyrean has been advised by Texas Crude Energy Inc that the TCEI JV Block A #4 well has reached a total depth in the pilot hole section of 12,756 feet. Electric logs have been run. Current operations are the setting of cement plugs in order to kick off and commence the horizontal drilling for approximately 6000 ft.
The electric logs show an interval of approximately 300 feet of gas shows between 12,400 and 12,700 feet. This interval is encouraging and the horizontal portion of the well is designed to drill laterally along a portion of this interval.
Maximum gas readings reached 1325 units against an average background level of approximately 50 units.
Further updates will be provided as significant developments occur.
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
Empyrean Energy plc
Tel: +44(0) 207 182 1746
Rod Venables / James Reeve
HB Corporate
Tel: +44(0) 207 510 8600
Jonathan Charles / Ed Portman
Conduit PR
Tel: +44 (0) 207 429 6611 / +44 (0) 7791 892 509