Sugarloaf Block B Update

RNS Number : 6880B

Empyrean Energy PLC

20 August 2008

 



20 August 2008

Empyrean Energy PLC 

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

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

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 B which is part of the Sugarkane Gas and Condensate Field:

Kowalik #1H Well 

Empyrean has been advised by the operator of the Sugarloaf AMI, Texas Crude Energy Inc ('TCEI'), that as of 06:00hrs 19/08/08 (US CST) the Kowalik #1H pilot hole had been logged and plugged back.  The logs from this step out well have shown the expected correlation to previous wells.  The pilot hole is presently being sidetracked and will then be built to near horizontal by the top of the target chalk formation, at which point production casing will be run.  Thereafter, the remaining build section will be completed and the horizontal wellbore will target the upper pay interval that has successfully produced in the TCEI JV Block A-1 and A-3 wells.

Further updates will be provided following developments.

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 contact:

Empyrean Energy plc

Tel: [phone] 

Blue Oar Securities Plc

Olly Cairns / Jerry Keen

Tel: [phone] 

Jonathan Charles / Sarah Alexander

Conduit PR 

Tel: [phone] 

 

END

 

 

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