Sugarloaf Update Block A

RNS Number : 7712N

Empyrean Energy PLC

24 February 2009

 



24 February 2009

Empyrean Energy PLC 

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

Sugarloaf Prospect, ('Sugarloaf'), Block A, Texas USA

• Block A-3 and A-4 wells placed on production to sales 

• Combined flow rates from both wells averaged 5.8 million cubic feet of gas per day and 680 barrels of condensate per day for the seven days up to 21st February

Empyrean Energy Plc, the oil and gas explorer and producer with assets in Germany and the USA, is pleased to provide the following update on operations on Block A which is part of the Sugarkane Gas and Condensate Field:

TCEI JV Block A-3 Well 

Empyrean has been advised by Texas Crude Energy Inc ('TCEI') that the TCEI JV Block A-3 well commenced flowing to sales on the 14th February after having a water and surfactant flush treatment. 

The well achieved average flow rates for the seven days up to and including 21st February, 2009 of 1.7 million cubic feet of gas per day and 280 barrels of condensate per day. 

TCEI JV Block A-4 Well 

TCEI also advised that the TCEI JV Block A-4 well commenced flowing to sales on the 14th February after having an acid fracture stimulation performed. 

The well achieved average flow rates for the seven days up to and including 21st February, 2009 of 4.1 million cubic feet of gas per day and 400 barrels of condensate per day. 

Empyrean has a working interest of 7.5% in both of these wells.

Commenting today Empyrean director Tom Kelly said: 'Empyrean is very pleased that these wells have now had production facilities completed and have been connected to the sales pipeline. We now have production from all three horizontal wells on Block A, with two vertical wells undergoing further testing.'

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: [phone] 

Blue Oar Securities Plc

Olly Cairns / Jerry Keen

Tel: [phone] 

Jonathan Charles / Fiona Hyland

Conduit PR 

Tel: [phone] 

 

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