Sugarloaf Update

RNS Number : 3465M

Empyrean Energy PLC

15 August 2011

 

15 August 2011

Empyrean Energy PLC

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

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 wells have been on production for a period of 30 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)*
Best Huth #1H - 60 day Jordan #1H Davenport #1H	0.58% 3.0% 1.40%	21.8 33.6 28.8	19,661 22984 21977	777 953 893

*The equivalent barrels per day production rate has been calculated on a simple 6:1 ratio.

Operations

The following wells have commenced production since the last operational update and Empyrean will provide further details when the wells have achieved 30 and 60 day production milestones.

                                                            Working Interest                   Date of production

Pfiefer #1H	1.9%	28/07/11
Turnbull #6H	1.02%	20/07/11
Best Fenner #1H	3.0%	27/07/11

In addition the following operations have taken place

Brysch Jonas #1H (3.0% WI) - The Brysch Jonas #1H well has been fracture stimulated and will shortly be cleaned up to sales.

Yosko Borgfield #1H (1.51% WI) - The Yosko Borgfield #1H well was spudded on the 15^th July 2011 and reached a total depth of 18,625ft on 25^th July 2011.  Casing has been run and cemented and the fracture stimulation of this well is underway.

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

Anita Ghanekar

Edward Mansfield

[phone]

 

END

 

 

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