Drilling Update

Empyrean Energy PLC
07 March 2006



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

                                Drilling Update

• HORIZONTAL DRILLING COMMENCES AT EAGLE NORTH-1
• OPERATOR ANTICIPATES RESULTS WITHIN THE NEXT 10 DAYS

AIM quoted Empyrean Energy PLC today announces the following update on the Eagle
North-1 well in California, USA.

Victoria Petroleum NL as operator for the Eagle North-1 well has advised that
preparations are underway to drill a horizontal well towards the lower Gatchell
oil sands that produced oil during testing of the Mary Bellocchi-1 well.

The planned horizontal well will drill laterally through 300m (within a vertical
column of 15m) of lower Gatchell oil sand to determine the potential horizontal
oil flow rate.

The horizontal well is to be drilled with normal balanced water based drilling
mud. This will provide a clear evaluation of the oil bearing nature of the lower
Gatchell sands. It will also avoid formation damage due to overbalanced drilling
conditions and associated complications such as washouts and ineffective
connectivity between the wellbore and the reservoir - all of which may have
affected the Eagle North-1 vertical well. Testing of the vertical well resulted
in the recovery of a small amount of oil and no water.

The operator anticipates that the horizontal well may be completed within the
next 10 days.

For further information

Laurence Read/ Angus Prentice
Conduit PR
Tel: [phone]
Mob: [phone]

David Newton
HB Corporate
Tel: [phone]

Chris Lambert
Empyrean Energy plc
Tel: [phone]



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