Sugarloaf Production Update

RNS Number : 8251M

Empyrean Energy PLC

21 September 2012

 

21 September 2012

Empyrean Energy PLC

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

Sugarloaf Project : Onshore Texas, USA

Production and Operational Update

Empyrean is pleased to provide the following production update for new wells completed recently:

Production

The following is a summary of 30 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)*
Davila 1H	3.0%	81.1	20,171	1123
Davila 2H	3.0%	80.1	20,319	1122
Forshage Howell 1H	3.0%	77.3	18,429	1043
Forshage Howell 2H	3.0%	79.5	18,269	1051
Forshage Howell 3H	3.0%	72.3	15,803	928
Imperila Unit 1H	3.0%	39.2	21,157	923
Imperila Unit 2H	3.0%	35.9	20,226	873
St Germain Imperial Unit 1H	3.0%	23.9	17,104	703
St Germain Imperial Unit 2H	3.0%	26.3	17,136	717

*The wells have had the Average Daily Equivalent Oil Rate recalculated on a simple 6:1 basis.

All of the above wells commenced production during July.

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

[phone]

Shore Capital

Anita Ghanekar

Edward Mansfield

[phone]

 

END

 

 

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