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Fri, 18th Sep 2015 15:01
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Shares in Empyrean Energy rose after the explorer said it received a major upgrade to its Sugarloaf project in Texas. The AIM-listed stock rose 3.41% to 3.41p by 12:25 on Wednesday after it said proved and probable reserves were up by 94%. The Sugarloaf project is operated by Marathon Oil company w
Read moreOil and gas explorer Empyrean Energy said it has entered a hedging programme related to output from its Sugarloaf AMI in Texas. The news comes shortly after the US-focused group announced a debt finance facility with Macquarie Bank and Empyrean said the hedging programme fulfils the bank's requireme
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