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24 Jun 2008 07:00
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Block A, Texas USA
New horizontal well planned for Block A - the TCEI Block A-4 well.
Empyrean, the AIM listed energy company with exploration and production assets in Germany and USA today announces the following on Block A at the Sugarloaf Project in Texas:
TCEI Block A-4 Well
Texas Crude Energy Inc ("TCEI") has advised that the operator of Block A is preparing for a new horizontal well to be drilled following the success of both the TCEI Block A-1 and A-3 wells. The new well is planned to be completed horizontally into the upper zone that has proved productive in the TCEI Block A-1 and A-3 wells.
The well is expected to commence as soon as the rig is able to finish drilling and mobilize from the well it is currently being used by the Block A operator to drill.
Empyrean will have a 7.5% working interest in this well.
A further announcement will be made when the well spuds.
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
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