Cartwright No.1 well spuds

RNS Number : 8185M

Empyrean Energy PLC

01 June 2010

 

1 June 2010

Empyrean Energy PLC

('Empyrean' or the 'Company', (EME))

Cartwright Prospect, onshore Texas, USA.

·    The Cartwright No.1 well spuds  

Empyrean Energy Plc is pleased to announce that it has been advised by the operator, Krescent Energy Company LLC ("Krescent"), that the Cartwright well commenced drilling at midnight on 29 May 2010.

The well has now been drilled to 163 feet and currently drilling ahead.

The well is targeting as its primary objective the regionally productive, fractured Upper Cretaceous Austin Chalk.

A second objective is the Saratoga Formation of the same age.

Cartwright No.1 vertical phase will be plugged back to 14,300 feet, then a directional lateral will be drilled to a distance of between 3000-5000 feet.

Empyrean has a 10% working interest in this well.

Further updates will be provided as significant events occur.

The information contained in this announcement was reviewed by the Technical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who has over 40 years experience as a petroleum geologist.

Contact:

Tom Kelly                     Empyrean Energy Plc             Tel: [phone]

Nominated Adviser and Broker:

Jerry Keen                    Astaire Securities Plc              Tel: [phone]

Shane Gallwey              Astaire Securities Plc               Tel: [phone]

 

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