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10 Jul 2008 08:05
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Prospect, ("Sugarloaf"), Block B, Texas USA
Empyrean, the AIM listed oil and gas explorer and producer with assets in Germany and USA today announces the following:
Kennedy #1H
Empyrean has been advised by Texas Crude Energy Inc ("TCEI"), the operator of Block B, that fracture stimulation operations commenced on Thursday 3rd July. In preparation for the stimulation, an additional three sets of perforations, each 3 ft long, were placed in between those used for the first stimulation in the bottom 600 ft of the well.
The fracture operation successfully placed approximately 100,000 lbs of high strength proppant into the fractures before high pumping pressures prevented the full program being completed; this represents 90% of the planned fluids and 50% of the planned proppant.
Flow back has commenced and to date has recovered about 1,200 barrels of the 6,540 barrels of fluids pumped during fracture operations. Trace amounts of gas and condensate were also recovered towards the end of this period.
Operations are now in progress to clean out any fracture proppant that was left in the well bore as a result of the early termination of fracture operations. After that, flow-back and testing operations will resume. Further announcements will be made as the results become available.
As previously reported, the Kennedy #1H is believed to be located in the middle interval of the chalk reservoir, which has not previously been fully tested. Empyrean remains encouraged by the demonstrable productivity from the first stimulation and looks forward to the results of the current stimulation of the same section of the well.
Empyrean has an 18% working interest in this well.
Further releases will be made as appropriate.
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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