Empyrean Regulatory News (EME)

10 Jan 2007 07:18

Empyrean Energy PLC10 January 2007 10 January 2007 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker: (EME)) Project Margarita, Gulf Coast Texas USA AIM quoted Empyrean Energy PLC today announces that operations are ongoing onthe El Viejito Prospect on Project Margarita, South Texas, USA. Current well depth at 07.00 hours Australian WST, Tuesday 9 January 2007 ElViejito #1 is 1,129 metres. Basal Frio and Vicksburgh targets are below 1,524 metres. It is expected thatonce final depth of 1,920 metres is reached the hole will be logged and a decision will be made to test target zones of interest and run 2 7/8" tubing as the completion string. Since the last report of 21 December 2005 there has been an extended Christmasbreak and a crew changeover following the break. All programmed wells are being drilled on a turnkey basis at a fixed price for the joint venture and any costs over the fixed price due to drilling delays are to the contractor's account. A further update will be made on completion of the well program. 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 Imran Ahmad/ CecilJordaan Conduit PR HB Corporate Tel : +44(0) 207 182 1746 Tel: +44(0)207 510 8600 Empyrean Energy plcTel: +44 (0) 207 429 6605/+44 (0) 7979955923 This information is provided by RNS The company news service from the London Stock Exchange