Project Margarita Update

Empyrean Energy PLC
19 March 2007



                              Empyrean Energy PLC

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

Project Margarita, Gulf Coast Texas USA, shallow gas exploration drilling program
---------------------------------------------------------------------------------

AIM quoted Empyrean Energy PLC today advises that the first three wells of the
six well shallow drilling program ( < 2,000 metres depth) on Project Margarita,
South Texas, USA, have been technical successes, with El Viejito #1 and Dos
Dedos #1 being gas discoveries and Milagro #1 being an oil discovery.


However, due to winter rains in the last two weeks, inclusive of 8' of rain in
one day, all sites are currently inaccessible until late next week to resume
completion operations, ie Dos Dedos #1 is still awaiting testing and Milagro #1
connection to a sales line to sell the volatile oil (gas) being produced which
should change to oil in a short time period. The El Viejito #1 well will no
longer be connected to a sales line as further testing resulted in water coning
of the gas reservoir due to the vertical permeability of the reservoir. Further
well updates will be given when results come to hand.

The final three wells of the six shallow well drilling program on Project
Margarita with similar potential outcome as the first three are expected to
commence in mid to late April 2007.

All of the shallow prospects being drilled are analogues of historic prolific
Frio and Vicksburg sands production in the project area at < 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 in the second
half of 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]

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



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