Sugarloaf Production Update

RNS Number : 6676I
Empyrean Energy PLC
27 July 2012
 

27 July 2012

Empyrean Energy PLC

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

 

Sugarloaf Project : Onshore Texas, USA

Production Update

 

Production

The following is a summary of 30 and 60 day production data recently received for the following wells: at the Sugarloaf Project:

 


Working Interest

Total Gas Production (mmscf)

Total Condensate Production (bbls)

Average Daily Equivalent Oil Rate (boe/d)*

Tipton Jonas 1H - 30 day

1.4848%

16.5

15,101

595

Brysch Jonas B 1H - 30 day

0.0355%

12.2

23,590

854

Brysch Jonas C 1H - 30 day

1.0340%

16.2

11,683

479

Brown Dupnik 1H - 30 day

2.7128%

20.8

17,102

686

Holland Opiela 1H - 60 day

0.3517%

22.6

29,202

550

 

The following wells have had the Average Daily Equivalent Oil Rate recalculated on a simple 6:1 basis and the following average daily rates are as a result of the recalculation:

 


Working Interest

Total Gas Production (mmscf)

Total Condensate Production (bbls)

Average Daily Equivalent Oil Rate (boe/d)

Children Weston 1H - 30 day

3%

78.2

21,197

1141

Pfeifer Bell 1H - 60 day

2.0433%

28.2

26,428

519

Kimble Gilley 1H - 60 day

3%

36.5

35,695

696

Adams Tipton 1H - 60 day

3%

36.5

30,890

616

Brysch Adams 1H - 60 day

3%

43.8

35,167

708

 

 

Further production results will be released as they come to hand.

 

 

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

+618 9480 0111

 

Shore Capital

Anita Ghanekar

Edward Mansfield

+44 (0) 207 408 4090


This information is provided by RNS
The company news service from the London Stock Exchange
 
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