Sugarloaf Block A Update

RNS Number : 4524L

Empyrean Energy PLC

12 January 2009

 



12 January 2009

Empyrean Energy PLC 

('Empyrean' or the 'Company'; Ticker: (EME))

Sugarloaf Prospect, ('Sugarloaf'), Block A, Texas USA

• Further 1800 feet of perforations added to the well

• This 1800 feet of perforations has been separately fracture stimulated

• Production to sales for the 24 hours to 1600 hours Texas time 7th January 2009 averaged approximately 1.5 million cubic feet of gas per day and 270 barrels of condensate per day

Empyrean Energy Plc, the oil and gas explorer and producer with assets in Germany and the USA, provides the following update on operations on Block A which is part of the Sugarkane Gas and Condensate Field:

TCEI JV Block A-1 Well 

Empyrean has been advised by Texas Crude Energy Inc ('TCEI') that the TCEI JV Block A-1 well is flowing to sales after having had 1800 feet of new perforations added during December.

The well is flowing to sales from a new 1800 feet interval that has been fracture stimulated in late December. The original 900 feet of perforations has been plugged off during this new production test. It is the intention of the operator to couple the original 900 feet of perforations with this additional 1800 feet interval following further flow testing.

Empyrean has a working interest of 7.5% in this well.

Further updates will be provided following developments.

Commenting today Empyrean director Tom Kelly stated 'It is great to see production to sales from this well on Block A after a successful fracture stimulation program on a new interval. This is the first of a number of Block A wells that were having work commencing in December to be brought back on to production.'

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 

Tom Kelly

Tel: [phone]  

Blue Oar Securities Plc

Olly Cairns / Jerry Keen

Tel: [phone] 

Conduit PR 

Jonathan Charles / Fiona Hyland

Tel: [phone]

 

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