Drilling Update

Empyrean Energy PLC
02 February 2007





                              Empyrean Energy PLC

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

Project Margarita, Gulf Coast Texas USA, shallow gas exploration drilling program
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• El VIEJITO-1 TO BE CASED FOR PRODUCTION TESTING

AIM quoted Empyrean Energy PLC today announces that the first well at the 
Margarita project, El Viejito-1 was drilled to a total depth of 1,932 metres
(6,340 ft) on 31 January 2007. Wire line logs were run and indicate the presence 
of gas in the target Frio horizon over a 1.2 metre interval. An underlying 11 
metre Vicksburg interval is also of possible interest and will be tested through 
production casing. Production casing is being run to total depth with completion 
and production testing planned to commence in 14 days time.

Following the running of production casing over the weekend, the drilling rig
will move to commence drilling on the second well in the shallow gas exploration
program, Dos Dedos-1.

The shallow prospects to be drilled are analogues of historic prolific Frio and
Vicksburg sands production in the project area at less than 2,000 meters depth.
This program is a precursor to commencement of a drilling program on more
substantial individual deep 30 to 200 BCF gas potential prospects forecast to
commence mid year 2007.

Participants interests on completion of each of the wells in the program are:
*    Empyrean Energy PLC             44.00%
#    Sun Resources NL                20.00%
#    Victoria Petroleum NL           20.00%
     Wandoo Energy LLC (operator)    16.00%
     Total:                          100.00%

# ASX listed
* AIM listed


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: [phone]

Empyrean Energy plc
Tel : [phone]

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


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