Sugarloaf Update Block A

RNS Number : 0713I

Empyrean Energy PLC

13 November 2008

 



13 November 2008

Empyrean Energy PLC 

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

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

• TCEI JV Block A-1 well production facility and optimization complete

• Well is currently flowing gas and condensate to sales  

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-1 Well 

Empyrean has been advised by Texas Crude Energy Inc ('TCEI') that the TCEI JV Block A-1 well is flowing to sales after having had a production facility built and optimized.

The reported 7 day average stabilized rate was approximately 200 barrels of oil per day and 650,000 cubic feet of gas per day. This is approximately equivalent to 2.6 million cubic feet of gas equivalent per day.

The well is flowing from a 900 feet interval that had an acid treatment during flow testing. It is the intention of the operator to fracture stimulate this 900 feet of perforations and then add a further 1800 feet to the completion interval for a total of 2700 feet. The additional 1800 feet will also be fracture stimulated if the initial stimulation is successful.

It is expected that the fracture stimulation operations will commence in December 2008 and that the well will continue flowing to sales until then.

Commenting today, Executive Director Tom Kelly said 'This first Block A well flowing to sales is a significant step for the company and paves the way for the A-3 and A-4 wells to be connected to sales now that the operator has finalized optimization of the production facility at the A-1 well. This early work will save time and allow future wells to have production facilities ordered in advance of completion to ultimately allow wells to be brought on to production as soon as possible after drilling.'

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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