Empyrean Regulatory News (EME)

2 Feb 2007 07:16

Empyrean Energy PLC02 February 2007 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker: (EME)) Project Margarita, Gulf Coast Texas USA, shallow gas exploration drilling program--------------------------------------------------------------------------------- • El VIEJITO-1 TO BE CASED FOR PRODUCTION TESTING AIM quoted Empyrean Energy PLC today announces that the first well at the Margarita project, El Viejito-1 was drilled to a total depth of 1,932 metres(6,340 ft) on 31 January 2007. Wire line logs were run and indicate the presence of gas in the target Frio horizon over a 1.2 metre interval. An underlying 11 metre Vicksburg interval is also of possible interest and will be tested through production casing. Production casing is being run to total depth with completion and production testing planned to commence in 14 days time. Following the running of production casing over the weekend, the drilling rigwill move to commence drilling on the second well in the shallow gas explorationprogram, Dos Dedos-1. The shallow prospects to be drilled are analogues of historic prolific Frio andVicksburg sands production in the project area at less than 2,000 meters depth.This program is a precursor to commencement of a drilling program on moresubstantial individual deep 30 to 200 BCF gas potential prospects forecast tocommence mid year 2007. Participants interests on completion of each of the wells in the program are:* Empyrean Energy PLC 44.00%# Sun Resources NL 20.00%# Victoria Petroleum NL 20.00% Wandoo Energy LLC (operator) 16.00% Total: 100.00% # ASX listed* AIM listed 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 Portman Conduit PRTel: +44 (0) 207 429 6605 / +44 (0) 7979955923 Empyrean Energy plcTel : +44(0) 207 182 1746 Imran Ahmad / Rod Venables / Cecil JordaanHB-CorporateTel: +44(0)207 510 8600 This information is provided by RNS The company news service from the London Stock Exchange