Sugarloaf Project Block B Upd

RNS Number : 8708O

Empyrean Energy PLC

06 July 2010

 



6 July 2010

Empyrean Energy PLC

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

Sugarloaf Project ("Sugarloaf"), Block B, Texas USA

Empyrean is pleased to provide the following update on production at the Sugarloaf Project within the Sugarkane Gas & Condensate Field, Texas.

Production Update

The following well has reached the 30 day production milestone:-

	Fractured Horizontal Length (ft)	Total Gas Production (mmscf)	Total Condensate Production      (bbls)	Average Daily Equivalent Gas Rate (mmscfe/d)*
Rancho Grande  #1H	4900	85	31,200	16.2

* The equivalent gas rates have been calculated to reflect value using a 12:1 conversion ratio for condensate and a 25% uplift on gas equivalent volumes due to the high calorific value of the produced gas.

As was reported on 8 June 2010, this well is being operated on a restricted choke as part of the optimisation of decline rates and ultimate recovery. 

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.

Contact:

Tom Kelly                                       Empyrean Energy Plc                Tel: [phone]

Nominated Adviser and Broker:

Shane Gallwey / Toby Gibbs             Astaire Securities Plc                Tel: [phone]

 

END

 

 

DRLUNVNRRNABRRR