Sugarloaf Update Block B

RNS Number : 1044D

Empyrean Energy PLC

10 September 2008

 



10 September 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, is pleased to provide the following update on operations at the Kowalik #1H well on Block B within the Sugarloaf AMI, which is part of the Sugarkane Gas and Condensate Field:

Kowalik #1H Well 

Empyrean has been advised by the operator of the Sugarloaf AMI, Texas Crude Energy Inc ('TCEI'), that as at 6am Texas time on 9 September 2008 the well was drilling ahead in near horizontal hole within the target upper part of the Austin Chalk at a measured depth of 13.385 feet. Approximately 1,400 feet of horizontal hole has now been drilled with total gas recorded in the range 300 to 700 units - up from a background of approximately 200 units. A small intermittent gas flare has been observed over the latest approximately 100 feet of drilling.

The horizontal section to be drilled is planned to be approximately 6,000 feet in length and is targeting the upper pay interval that has been reported as successfully producing gas and condensate in Block A (TCEI JV Block A-1 and A-3 wells).

Empyrean has an 18% working interest 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 / Sarah Alexander

Tel: [phone] 

 

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