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Operational Update

30 Apr 2013 16:26

RNS Number : 6562D
Empyrean Energy PLC
30 April 2013
 

30 April 2013

 

Empyrean Energy PLC

("Empyrean" or the "Company"; Ticker: (EME))

Sugarloaf Project: Onshore Texas, USA

 

Operational Update

 

 

Empyrean Energy (AIM: EME) notes that Australian Stock Exchange listed AWE Limited (ASX Code: AWE), a partner in Empyrean's Sugarloaf Project in Texas has today released its quarterly report and as part of this report has stated that "The operator has advised that the number of wells to be drilled in the Sugarloaf acreage this calendar year has increased to 37, with at least 2 of these in the Austin Chalk."

 

Empyrean is in the process of seeking clarification from the operator of the Sugarloaf Project in relation to the anticipated drilling programme for 2013 and will make a separate announcement once clarification has been received.

 

 

 

 

 

 

For further information

Empyrean Energy plc 

Tom Kelly

+618 9480 0111

 

Shore Capital

Anita Ghanekar

Edward Mansfield

+44 (0) 207 408 4090

 

Jonathan Charles

Lionsgate Communications

E: jcharles@lionsgatecomms.com

M: +44 (0)7791 892509 

www.lionsgatecomms.com 

 

 

Notes to Editors:

 

Empyrean Energy Plc is an AIM listed (Ticker : EME) condensate and gas exploration and production company focused on the Eagle Ford Shale, Texas, USA. Other assets include a 10% working interest in the Riverbend Project, Texas, just north of the prolific Brookeland Field (Austin Chalk) as well as a 57.2% interest in the Eagle Oil Pool Development Project located in the San Joaquin Basin, southern California.

 

Empyrean's portfolio includes an interest in over 80 producing wells with scaleable growth potential from further development and exploration upside.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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