Empyrean Regulatory News (EME)

25 Oct 2006 07:01

Empyrean Energy PLC25 October 2006 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker: (EME)) Sugarloaf Hosston Prospect, Texas USA ------------------------------------- AIM quoted Empyrean Energy PLC today announces that at 6am Texas time on 24thOctober 2006 the operator of the Sugarloaf-1 exploration well, located in theonshore Gulf Coast Basin in Texas, USA, was drilling ahead in 6 1/2 inch hole ata depth of 17,440 feet (5,317 metres). Since the last report on 18th October 2006, 7 5/8 inch liner was tied back intothe 9 5/8 inch casing set at 14,480 feet (4,415 metres) and cemented to a depthof 17,000 feet (5,183 metres). Subsequently the operator drilled 440 feet (134metres) of Cretaceous aged limestone to the present depth of 17,440 feet. The upper part of the primary Hosston Formation target is expected to be reachedwithin the next few days. As previously advised, based on seismic data and anoffset well the Hosston Formation is anticipated to consist of more than 4,000feet (1,220 metres) of inter-bedded sandstones and shales with the potential formultiple prospective intervals. The proposed total depth of 21,000 feet (6,400 metres) is expected to be reachedduring November assuming trouble-free drilling 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 Laurence Read/ Ed PortmanConduit PRTel: +44 (0) 207 429 6605 / +44 (0) 7979955923 Empyrean Energy plcTel : +44(0) 207 932 2442 Imran Ahmad/ Cecil JordaanHB-CorporateTel: +44(0) 207 510 8600 This information is provided by RNS The company news service from the London Stock Exchange