Empyrean Regulatory News (EME)

18 Jul 2008 07:13



Empyrean Energy PLC 

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

Sugarloaf Block A, Texas USA

TCEI JV Block A-4 well has spudded and is drilling ahead 

Empyrean, the AIM listed oil and gas explorer and producer with assets in Germany and USA announces that it has today been advised by Texas Crude Energy Inc that the TCEI JV Block A-4 well has spudded on Block A. The report showed that operations had commenced on 4th July 2008 and that presently the well had reached a depth of 9,664 feet and the operator was drilling ahead.

The TCEI JV Block A-4 well is designed to drill to the upper pay zone that has proven productive in the TCEI JV Block A-1 and A-3 wells and then drill approximately 6,000 ft horizontally within that zone in order to effect a lateral completion.

The TCEI JV Block A-1 and A-3 wells had early production flow test rates of 12 million cubic feet gas equivalent per day ("mmcfepd") and 7.8 mmcfepd respectively from shorter lateral completions than the 6,000 ft (approximate) lateral completion planned in the TCEI JV Block A-4 well. It is believed by the operator that there is a correlation between the length of successful lateral completion and the flow rates that can be achieved.

Empyrean has a 7.5% working interest in this well.

Further updates will be provided as relevant information comes to hand.

The information contained in this announcement was completed and reviewed by the Technical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who has over 40 years experience as a petroleum geologist.

For further information: 

Empyrean Energy plc 

Tel: +44(0) 207 182 1746 

Rod Venables / Cecil Jordaan  

HB Corporate 

Tel: +44(0) 207 510 8600 

Jonathan Charles / Ed Portman 

Conduit PR 

Tel: +44 (0) 207 429 6611 / +44 (0) 7791 892 509