4 February 2009
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Sugarloaf Project, ('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 the Sugarloaf Project which is part of the Sugarkane Gas and Condensate Field:
Weston-1H
Empyrean has been advised by the Operator Texas Crude Energy Inc (TCEI) that on 2 February 2009 the well remains at a measured depth of 15,685 ft.
A short length of the drilling assembly became stuck between the casing shoe and top of the Austin Chalk and standard fishing operations are presently underway. Once resolved the forward plan is to run and cement a production liner at this depth which will secure approximately 3,000 ft of horizontal hole within the Austin Chalk.
The well continues to exhibit indications of gas charge, with gas readings of 2,000 units and flares of up to 60 ft observed when circulating out the well following shut in periods.
The well is targeting the upper chalk interval that has produced gas and condensate in Block A and also the Kowalik-1H well.
Empyrean has a 6% interest in the Weston-1H well.
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
Empyrean Energy plc
Tom Kelly
Tel: +618 9321 6988
Blue Oar Securities Plc
Olly Cairns / Jerry Keen
Tel: (+61) 8 6430 1631 / (+44) 207 448 4400
Jonathan Charles / Fiona Hyland
Conduit PR
Tel: +44 (0) 207 429 6611 / +44 (0) 7791 892 509