Empyrean Regulatory News (EME)

3 Jul 2007 09:45

Empyrean Energy PLC03 July 2007 3 July 2007 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker: (EME)) Project Margarita, Gulf Coast Texas USA • Gas discovery at the Dona Carlota-1 well flows 1.02 million cubic feet per day on test AIM quoted Empyrean Energy PLC today announces the following update withregards Project Margarita: 1. DONA CARLOTA PROSPECTThe operator of the Dona Carlota #1well has advised that production testing ofthe Dona Carlota-1 well Frio gas zone has commenced with a gas flow rate of 1.02million cubic feet per day with no water reported. The test is being carried outover the gross gas zone of 13.9 metres and net gas pay of 5.6 metres over theinterval 1,423.2 to 1,437.1 metres with gas on rock and no water. The well willbe tied into a nearby sales pipeline. 2. AGAVERO PROSPECTPreparations for the testing of the Agavero-1 well gas zone over the upper 4.0metre laminated sand and base 1.5 metre sand interval to evaluate overallreserve potential are also in progress. 3. CLIMACO PROSPECTThe drilling rig is on location at Climaco-1, the third well in the currentshallow Frio exploration program preparing to commence drilling as soon aspreparations are complete. The Climaco Prospect is the third of the three prospects that are being drilledin the current program which are analogues of historic prolific Frio andVicksburg sands production in the project area at