Margarita Update

Empyrean Energy PLC
18 June 2007


18 June 2007

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

                    Project Margarita, Gulf Coast Texas USA

  • Gas zone drilled in the Dona Carlota-1, Margarita gas exploration
    project, onshore gulf coast, Texas

    AIM quoted Empyrean Energy PLC today announces the following update with
    regards the drilling program at Margarita:

1. DONA CARLOTA PROSPECT


Dona Carlota-1 has been successfully drilled to a total depth of 1,524 metres. A
gas show was observed in the primary target Frio 1.33 sand with interpretation
of the wire line logs indicating a gross gas zone of 13.9 metres and net gas pay
of 5.6 metres over the interval 1,423.2 to 1,437.1 metres with gas on rock and
no water. Production casing has been run to enable production testing of the
well later in the week.

The Dona Carlota Gas Field, based on an interpretation of the 3D seismic data,
has an estimated recoverable reserve of 0.62 billion cubic feet of gas.

2. AGAVERO PROSPECT

The truck mounted rig has moved from Dona Carlota-1 to the Agavero Prospect over
the weekend to spud Agavero #1.

The Agavero Prospect is the second of the three prospects that are being drilled
in the current program which are analogues of historic prolific Frio and
Vicksburg sands production in the project area at <2,000 meters depth. The
drilling program is expected to run until the end of July 2007.

As with the successful initial three well program, tie in of any commercial
discovery made on these prospects will be rapid as the project area is crossed
by a number of gas pipelines with access rights and available capacity to tie
into.

The prospects have the following mean recoverable gas reserve potential and
total depths;

Prospect Name   Mean Rec Reserves   Total Depth      Status

Dona Carlota    0.62 bcf            1,524 m          Drilled gas discovery
Agavero         0.70 bcf            1,340 m          Drilling
Climaco         1.60 bcf            1,980 m          To be drilled

Participants in the Margarita Project are:

Empyrean Energy PLC*                 44.00%
Sun Resources NL#                    20.00%
Victoria Petroleum NL#               20.00%
Wandoo Energy LLC +                  16.00%

                                    100.00%

# ASX listed
* AIM listed
+ USA Private Interest

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

Conduit PR

Charlie Geller/ Ed Portman        Tel: [phone]                             

HB Corporate

Rod Venables                      Tel: [phone]

Empyrean Energy plc               Tel : [phone]



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