Empyrean Regulatory News (EME)

8 Nov 2006 07:00

Empyrean Energy PLC08 November 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 7thNovember 2006 the Sugarloaf-1 exploration well, located in the onshore GulfCoast Basin in Texas, USA, was drilling ahead in 6-1/2 inch hole at a depth of18,245 feet (5,563 metres). Since the last report on 1st November 2006, the operator has drilled 295 feet(90 metres). The main Hosston reservoir targets have yet to be reached. During the week, two further changes to the bottom hole assembly were made andreaming operations were conducted, which has affected the overall drillingprogress. 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