Empyrean Energy PLC
14 December 2007
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Sugarloaf Prospect, ('Sugarloaf'), Block B, Texas USA
-----------------------------------------------------
Empyrean, the AIM listed oil and gas explorer and producer with assets in
Germany and USA today announces the following:
Kennedy -1H Well
----------------
The operator advises that following the 4-1/2 inch liner being cemented in place
in the horizontal section of the well, the drilling rig was released on December
8, 2007. The operator intends to run a radial bond log to assess the cement job
before finalising plans for an extensive fracture stimulation program and test
operations on the well. It is likely that these operations will start early in
the new year.
Sugarloaf-1 Well
----------------
Flow testing of the deepest of three zones of interest in the Austin Chalk
continues. Swabbing and short periods of natural flow have recovered small
quantities of gas and condensate together with fracture stimulation fluids and
work fluids. The operator has advised that the test program will include further
swabbing before shutting the well in for a seven day pressure build up test. An
electronic pressure gauge assembly has been deployed by wireline. Further work
on this zone will be dependant on the analysis of the test and other data.
Further updates will be provided following developments.
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: +44 (0) 207 429 6611 / +44 (0) 7791 892 509
Rod Venables / Cecil Jordaan
HB Corporate
Tel: +44(0) 207 510 8600
Empyrean Energy plc
Tel : +44(0) 207 182 1746
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.