Sugarloaf Project Update

RNS Number : 6876Q

Empyrean Energy PLC

24 October 2011

 

24 October 2011

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 operations and production at the Sugarloaf Project within the Sugarkane Gas & Condensate Field, Texas.

Production Data

The following wells have been on production for a period of 30 or 60 days and Empyrean is pleased to provide the market with an update on produced volumes during that period:-

Well name	Working Interest	Total Gas Production (mscf)	Total Condensate Production (bbls)	Average Daily Equivalent Oil Rate (boe/d)*
Yosko Borgfield #1H - 30 day	1.51%	11,802	20,270	854
Turnbull #6H - 60 day Best Fenner #1H- 60 day Pfeifer #1H - 60 day Yosko Borgfield - 60 day Brysch Jonas 60 day	1.02% 3.0% 1.90% 1.51% 3.0%	66,636 75,533 60,728 39,535 32,208	35,544 36,728 42,106 38,233 39,049	724 822 883 798 796

*The equivalent barrels per day production rate has been calculated on a simple 6:1 ratio.

** Only 37 days gas production during second 30 day period.

In addition the following operations have taken place:

Holland Brown #1H (3.0% WI) - The well has been fracture stimulated and will shortly be flowing to sales.

Holland Opiela #1H (0.35% WI) - The well is presently being fracture stimulated.

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:

Empyrean Energy Plc

Tom Kelly                                                                    Tel: [phone]

Shore Capital & Corporate Limited

Anita Ghanekar                                                            Tel: [phone]

Edward Mansfield

 

END

 

 

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