Empyrean Regulatory News (EME)

22 May 2006 09:13

Empyrean Energy PLC22 May 2006 Empyrean Energy PLC("Empyrean" or the "Company"; Ticker: (EME)) Glantal Gas Project, Germany • Completion rig secured for testing operations at the Glantal-1 well.• Testing operations expected to commence during June.• 4 initial zones prioritised for testing. AIM quoted Empyrean Energy PLC today announces that a completion rig has been secured to test four initial zones for the presence of gas at the Glantal-1 well, the first well drilled by Empyrean and its partners in the Glantal Gas Project. Following a comprehensive independent and internal review/analysis of the log data (including FMI data) four initial zones have been chosen as priorities for the testing operations. Two of the zones have multiple intervals in close proximity within the zone that can be tested together, resulting in a total of eight initial intervals that will be tested over the four zones. Each zone will be tested separately for hydrocarbon content. The operator of the Glantal Gas Project, Pannonian International Ltd("Pannonian"), a wholly owned subsidiary of U.S.-based Galaxy Energy Corporation(Amex: GAX) has advised that a German contractor, Koller Workover and DrillingGmbH, has been chosen to provide the completion rig and associated services forthe testing operations at the Glantal-1 well. The operator advises that thecontract with Koller is in the final stages of review and is expected to beexecuted shortly. Commenting today Tom Kelly, Executive Director, of Empyrean said: "We arepleased that a completion rig has been secured for the important and excitingtesting of our first well at the Glantal Gas Project. Pannonian expects that thetesting operations will commence in June 2006 and we will provide a furtherupdate as firm dates become known for the mobilisation of the completion rig tothe well site." 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. For further information Angus Prentice/Laurence Read Conduit PR Tel: +44 (0) 207 429 6603Mob: +44 (0) 79974 982512 Empyrean Energy plcTel : +44(0) 207 932 2442 Toby Howell / Imran AhmadHB CorporateTel: +44 (0) 207 510 8600Fax: +44 (0) 207 538 1625 This information is provided by RNS The company news service from the London Stock Exchange