Drilling Report

Empyrean Energy PLC
08 November 2007


8 November 2007
                              Empyrean Energy PLC
                  ('Empyrean' or the 'Company'; Ticker: (EME))

                           Bondi Prospect : Texas USA

  
     • Raun # 1 well spuds at the Bondi Prospect in Texas,USA

AIM listed Empyrean, the oil and gas explorer and producer with assets in
Germany and the USA, is pleased to announce that the Raun # 1 well has
commenced drilling. Raun # 1 is the first well to be drilled at the Bondi
Prospect under a participation agreement with Texon E & P, Inc, the USA
operating subsidiary of ASX listed Texon Petroleum Limited ('Texon' - ASX
code TXN).

The Raun # 1 well is planned to be drilled to 13,500 feet (4,115 m). The
prospect is 3D defined, along trend from existing fields and close to
pipelines. In the event of a discovery, successful wells should be promptly
brought into production.

Bondi lies 3.7 kms from the Cottonmouth field where initial production rates
from the reservoir (eqivalent to Texon E & P, Inc's target for the Bondi 
Project) exceeded 10 million cubic feet of gas per day (mmcfgpd) per well, 
together with over 190 barrels of condensate per day.

Bondi is a 30-76 billion cubic feet equivalent ('Bcfe') gas target. Empyrean
will have a 20% working interest in the Raun # 1 well.

Further updates will be provided as significant information comes to hand.
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:

Jonathan Charles / Ed Portman
Conduit PR
Tel: [phone]

Rod Venables / Cecil Jordaan
HB Corporate
Tel: [phone]

Empyrean Energy plc
Tel : [phone]



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