Last checked at 30 Apr 2013 16:26
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.