Empyrean Energy: BP America Well Pipeline To Start Construction Soon

LONDON (Dow Jones)--Empyrean Energy PLC (EME.LN), a London based oil and gas explorer and producer, said Thursday it has been advised by the operator, Krescent Energy Company LLC, that permitting and "right of way" negotiations with the appropriate landowners in respect of the pipeline required to be connected to the BP America A-740 well to the nearby sales pipeline are now complete. MAIN FACTS: -Construction is due to start imminently to lay the required 4km of pipeline and is expected to take several weeks to complete. -Empyrean has a 10% working interest in this well. -Shares at 0715 GMT unchanged at 7 pence valuing the company at GBP12.76 million. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com (END) Dow Jones Newswires June 17, 2010 03:16 ET (07:16 GMT)