Sugarloaf Project Update

RNS Number : 3835I

Empyrean Energy PLC

14 June 2011

 

14 June 2011

Empyrean Energy PLC

("Empyrean" or the "Company")

Sugarloaf Project, ("Sugarloaf"), Block B, Texas USA

Empyrean is pleased to provide the following update on operations at the Sugarloaf Project within the Sugarkane Gas & Condensate Field, Texas.

Production Data

The following well has been on production for a period of 60 days and Empyrean is pleased to provide the market with an update on produced volumes during that period:-

	Working Interest	Total Gas Production (mmscf)	Total Condensate Production (bbls)	Average Daily Equivalent Oil Rate (boe/d)*
Buehring #1H - 60 day	3%	45.8	31,085	645

*The equivalent barrels per day production rate has been calculated on a simple 6:1 ratio in compliance with Canadian securities laws under National Instrument 51 - 101. 

Operations

PMT #1H (1.11% WI) - The PMT #1H well commenced production on 10^th May 2011, Empyrean will provide a production update when this well has achieved 30 days of production.

Davenport #1H (1.4% WI) - The fracture stimulation of the Davenport #1H well is now complete, the isolation plugs will shortly be drilled out, production tubing run and then the well will be unloaded and flowed to sales.

Best Huth #1H (0.58% WI) - The Best Huth #1H well reached a Total Depth of 16,159ft on May 19^th 2011.  The fracture stimulation of this well is presently underway and once complete it will be unloaded and flowed to sales.

Jordan #1H (3% WI) - The fracture stimulation of this well is complete and it will shortly be unloaded to sales.

Best Fenner #1H (3% WI)

The Best Fenner #1H well has been drilled  and reached a total depth of 18,020 ft on the 27/04/11.  This well has been successfully cased and will be fracture stimulated in due course.

Gilley #1H (3% WI) - Following the completion of a modified stimulation on this well attempts were made to unload the well, however frac sand production is presently bridging across the completion and limiting flow.  Further operations may be carried out on this well but it is now holding leases by production.

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

Empyrean Energy plc 

Tom Kelly

[phone]

Shore Capital and Corporate Limited

Anita Ghanekar

Edward Mansfield

+ 444 (0) 207 408 4090

 

END

 

 

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