Empyrean Regulatory News (EME)

11 Oct 2006 07:24

Empyrean Energy PLC11 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 10th ofOctober 2006 the Sugarloaf-1 exploration well, located in the onshore Gulf CoastBasin in Texas, USA, was at a depth of 15,581 feet (4,750 meters) and theoperator was drilling ahead in 8-1/2 inch hole. Since the last report, the operator had drilled out of casing at 14,480 feet(4,415 meters) and after completing a satisfactory formation integrity test,drilling has advanced to the present depth. The top of the primary target, the Hosston Formation, is expected at about17,000 feet (5,183 meters) and assuming trouble-free drilling, is anticipated tobe reached in late October. The proposed total depth of the well in 21,000 feet(6,400 meters). 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 ReadConduit PRTel: +44 (0) 207 429 6603Mob: +44 (0) 79974 982512 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