Empyrean Regulatory News (EME)

20 Sep 2006 07:00

Empyrean Energy PLC20 September 2006 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker: (EME)) Sugarloaf Hosston Prospect, Texas USA ------------------------------------- GAS SHOWS ENCOUNTERED IN CRETACEOUS CARBONATES AIM quoted Empyrean Energy PLC today announces that at 6am Texas time on19th September 2006 the Sugarloaf-1 exploration well, located in the onshoreGulf Coast Basin in Texas, USA, was drilling ahead in 12-1/4' hole at adepth of 12,480 feet (3,805 metres). During the week, gas shows were encountered in a secondary target - one of theCretaceous aged carbonate formations. The well will continue drilling to the next casing point currently programmed ataround 14,500 feet (4,420 metres). The possible commercial significance of thegas shows will be determined from interpretation of wire-line logs which will berun prior to the setting of casing. The primary Hosston target is expected to be reached in mid to late October andthe total depth of 21,000 feet (6,400 metres) in mid November. 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 Read Conduit PR Tel: +44 (0) 207 429 6603 Mob: +44 (0) 79974 982512 Empyrean Energy plc Tel : +44 (0) 207 932 2442 Imran Ahmad/ Cecil Jordaan HB-Corporate Tel: +44(0) 207 510 8600 This information is provided by RNS The company news service from the London Stock Exchange