Sugarloaf Block A Update

Empyrean Energy PLC 21 April 2008 Empyrean Energy PLC ('Empyrean' or the 'Company'; Ticker: (EME)) Sugarloaf Block A, Texas USA ---------------------------- - TCEI JV Block A-1 well begins to flow at commercial rates direct to sales line. - Well was being prepared for a fracture stimulation program and was not expected to flow without stimulation. - Very early encouragement as the well is expected to be stimulated during forward operations. Empyrean, the AIM listed energy company with exploration and production assets in Germany and USA today announces the following initial test results from its TCEI JV Block A-1well on Block A at the Sugarloaf Project in Texas: The TCEI JV Block A-1 well unexpectedly began to flow commercial quantities of gas and condensate during operations to prepare the well for a fracture stimulation and flow testing program. As of the latest report the well was flowing at approximately 0.66 mmcfgpd (million cubic feet gas per day) with approximately 130 bcpd (barrels of condensate per day) and 45 bwpd (barrels of water per day) with a FTP (Flow Tubing Pressure) of around 2300 psi. On the present day prices for condensate and gas whilst converting the condensate to a gas equivalent, the most recent recorded equivalent gas flow rate exceeds (using a 10:1 conversion) 2.0 mmcfepd (million cubic feet gas equivalent per day). The well will now be shut in for a pressure build up test. It is expected that this well will be fracture stimulated during forward operations. The exact timing of the program is not known and will depend on how the well performs in the coming days without stimulation. Commenting today, Empyrean Executive Director Tom Kelly said 'This gas and condensate flow has come as a very pleasant early surprise as the well was not expected to flow without stimulation. We could see a multiple on these production rates if fracture stimulation proves successful. This well also had liner cemented in place whereas future wells are likely to be completed without cement using perforated liner slotted into the open hole. We now have 2 wells flowing commercially from the 5 wells already drilled to date (3 of which are yet to be tested) further de-risking the project.' 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 / Cecil Jordaan 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 This information is provided by RNS The company news service from the London Stock Exchange
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