Empyrean Regulatory News (EME)

31 Oct 2007 07:12

Empyrean Energy PLC31 October 2007 31 October 2007 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker: (EME)) Sugarloaf Prospect, ("Sugarloaf"), Block B, Texas USA Kennedy #1H Well---------------- Empyrean Energy Plc advises that at 6am Texas time on 30 October the Kennedy-1Hexploration well had reached a measured depth of 14,664 feet (4,469 metres). Theplanned measured depth of this well is 17,570 feet. Drilling progress during the week was affected by the need to replace parts ofthe bottom hole assembly and to re-log the well for correlation and steeringpurposes. Drilling is expected to re-commence shortly. Background gas levels whilst drilling in the Austin Chalk upper target zone haveincreased from our last report and are mostly in the range of 40 to 300 units.The commercial significance of the gas background readings whilst encouragingwill not be known until testing operations are completed. Sugarloaf-1 Well---------------- Since our last report flow test operations of the lower most Austin Chalkinterval were completed and current operations are to prepare the well bore forthe acquisition of post frac logs. The forward program and timing in relation totesting the other remaining Austin Chalk zones in this well will be disclosedpending a full assessment of the logs and flow test results. Further updates will be provided following developments.The information contained in this announcement was completed and reviewed by theTechnical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who hasover 40 years experience as a petroleum geologist. Jonathan Charles / Ed PortmanConduit PRTel: +44 (0) 207 429 6611 / +44 (0) 7791 892 509 Rod Venables / Cecil JordaanHB CorporateTel: +44(0) 207 510 8600 Empyrean Energy plcTel : +44(0) 207 182 1746 This information is provided by RNS The company news service from the London Stock Exchange