Empyrean Regulatory News (EME)

20 Feb 2006 08:39

Empyrean Energy PLC20 February 2006 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker: (EME)) Update • 90%+ INCREASE IN POTENTIAL NET PAY• PRODUCTION CASING RUN AND CEMENTED• FLOW TESTING TO COMMENCE SHORTLY AIM quoted Empyrean Energy PLC today announces the following update on the EagleNorth-1 well in California, USA. Victoria Petroleum NL as operator for the Eagle North-1 well has advised thatfollowing a more detailed analysis of the wireline electric logs, the net oilpay is interpreted to be upto 13.4 meters in a gross section of 21 meters. Thishas increased from the previously announced net pay figure of 7 meters by morethan 90%. The operator has also advised that production casing has been run to a depth of4217 meters and cemented during operations over the weekend. Currently,preparations are being made to install the blow out preventor whilst waiting forthe cement to set. It is anticipated that the next 4 days are required tocomplete preparations on the well for flow testing. Executive Director Thomas Kelly states "The increase in potential net pay willhave a significant positive impact on the project providing commercial flowrates can be achieved from production testing." For further information Laurence Read/ Angus PrenticeConduit PRTel:+44 (0) 207 429 6603Mob: +44 (0) 7974 982 512 David NewtonHB-CorporateTel: +44(0) 207 510 8600 Chris LambertEmpyrean Energy plcTel : +44(0) 207 932 2442 This information is provided by RNS The company news service from the London Stock Exchange