Empyrean Energy PLC
24 April 2007
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Sugarloaf Hosston Prospect, Texas USA
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• Increase in leased acreage over the Sugarloaf Project area
During the drilling of the Sugarloaf-1 well Empyrean previously reported to
the market on the 29th September 2006 a 92 feet (28 metres) zone of possible
gas pay, interpreted from wire-line logs and gas shows in Cretaceous age
carbonates which were the secondary target in the well. Since that report,
further detailed analysis of the logs has been undertaken by the project
Operator Texas Crude Energy Inc ('TCEI') who advises that this possible pay
interval is comprised of 3 zones of porosity which are expected to be tested
separately. Flow testing of the possible pay zones in the Sugarloaf well is
intended to be undertaken as soon as practicable. The Operator is presently
conducting engineering and reservoir studies to determine the best method of
completing the zones for testing. Whatever method is chosen it is expected
that fracture stimulation will be part of the procedure as is typical in
such carbonates. The technical assessment, test design, permitting and
securing of services is expected to take approximately 2-3 months.
As a result of the analysis of this possible pay, the Operator has extended the
Joint Venture's land acquisition program within the Area of Mutual Interest
('AMI'), increasing the area over which the Joint Venture has rights to all
depths (including the abovementioned carbonate zone) to approximately 19,500
acres to date.
Operations currently in progress at the well-site include the plugging off of
the deeper section of the well and recovery of approximately 15,000 feet of 5
inch tubing (which will be available for re-use in the well if needed), as
initial steps required in plugging back and testing the shallower zones.
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
Laurence Read/ Ed Portman
Conduit PR
Tel: +44 (0) 207 429 6605/ +44 (0) 7979955923
Empyrean Energy plc
Tel : +44(0) 207 182 1746
Rod Venables/ Cecil Jordaan
HB Corporate
Tel: +44(0) 207 510 8600
This information is provided by RNS
The company news service from the London Stock Exchange
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