Empyrean Regulatory News (EME)

18 Jun 2007 10:00

Empyrean Energy PLC18 June 2007 18 June 2007 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker: (EME)) Project Margarita, Gulf Coast Texas USA • Gas zone drilled in the Dona Carlota-1, Margarita gas exploration project, onshore gulf coast, Texas AIM quoted Empyrean Energy PLC today announces the following update with regards the drilling program at Margarita: 1. DONA CARLOTA PROSPECT Dona Carlota-1 has been successfully drilled to a total depth of 1,524 metres. Agas show was observed in the primary target Frio 1.33 sand with interpretationof the wire line logs indicating a gross gas zone of 13.9 metres and net gas payof 5.6 metres over the interval 1,423.2 to 1,437.1 metres with gas on rock andno water. Production casing has been run to enable production testing of thewell later in the week. The Dona Carlota Gas Field, based on an interpretation of the 3D seismic data,has an estimated recoverable reserve of 0.62 billion cubic feet of gas. 2. AGAVERO PROSPECT The truck mounted rig has moved from Dona Carlota-1 to the Agavero Prospect overthe weekend to spud Agavero #1. The Agavero Prospect is the second of the three prospects that are being drilledin the current program which are analogues of historic prolific Frio andVicksburg sands production in the project area at