Sugarloaf Update Block A

RNS Number : 8798H

Empyrean Energy PLC

11 November 2008

 



11 November 2008

Empyrean Energy PLC 

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

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

• TCEI JV Block A-5 well reaches TD

• Electric logs interpret upper, middle and lower pay-zones over 220 feet gross interval  

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

TCEI JV Block A-5 Well 

Empyrean has been advised by Texas Crude Energy Inc ('TCEI') that the TCEI JV Block A-5 well has reached total depth of approximately 12,470 feet. Electric logs and casing have been run. The logs indicate that the well intersected the upper, middle and lower potential pay-zones of the Austin Chalk and possibly the Eagleford Shale.

The operator is presently assessing the well data before deciding upon a completion and testing plan.

Empyrean has a working interest of 7.5% in this well.

Further updates will be provided following developments.

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] 

Conduit PR 

Jonathan Charles / Fiona Hyland

Tel: [phone]

 

END

 

 

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