Sugarloaf Update Block B

RNS Number : 8579J

Empyrean Energy PLC

10 December 2008

 

10 December 2008

Empyrean Energy PLC 

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

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

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 B which is part of the Sugarkane Gas and Condensate Field:

• Weston well reaches target zone with increased background gas readings observed

Weston -1H Well 

Empyrean has been advised by the operator, Texas Crude Energy Inc ('TCEI'), that on the 9th December the well was at a depth of 13,013 ft and has been drilled into the Austin Chalk with an increase in background gas.  The final casing string is now being run in the hole and once cemented preparations will take place for the drilling of the horizontal well section.

The well is targeting the upper chalk interval that has successfully produced gas and condensate in Block A wells (A-1, A-3 & A-4 wells) on the adjacent acreage and at the Kowalik-1H well.  The well design continues to build upon the knowledge gained from recent operations and offset data.

Empyrean has a working interest of 18% in the above 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] 

Jonathan Charles / Fiona Hyland

Conduit PR 

Tel: [phone] 

 

END

 

 

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