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20 Aug 2008 07:00
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20Β AugustΒ 2008
Empyrean Energy PLCΒ
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Prospect,Β ("Sugarloaf"), Block B,Β TexasΒ USA
Empyrean Energy Plc, the oil and gas explorer and producer with assets inΒ GermanyΒ and theΒ USA,Β provides the following update on operationsΒ on Block B which is part of the Sugarkane Gas and Condensate Field:
KowalikΒ #1HΒ WellΒ
EmpyreanΒ has been advised byΒ the operator of the Sugarloaf AMI, Texas Crude Energy Inc ("TCEI"),Β that as of 06:00hrs 19/08/08 (US CST) the Kowalik #1H pilot hole had been logged and plugged back. The logs from this step out well have shown the expected correlation to previous wells. The pilot hole is presently being sidetracked and will then be built to near horizontal by the top of the target chalk formation, at which point production casing will be run. Thereafter, the remaining build section will be completed and the horizontal wellbore will target the upper pay interval that has successfully producedΒ in the TCEI JV Block A-1 and A-3 wells.
Further updates will be providedΒ following developments.
The information contained in this announcement was completed and reviewed by the Technical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons),Β who has over 40 years experience as a petroleum geologist.
For further informationΒ contact:
Empyrean Energy plc
Tel: +44(0)Β 207Β 182Β 1746Β
Blue Oar Securities Plc
OllyΒ CairnsΒ / Jerry Keen
Tel: (+61) 8 6430 1631 / (+44) 207 448 4400Β
Jonathan Charles / Sarah Alexander
Conduit PRΒ
Tel: +44Β (0)Β 207Β 429Β 6611 / +44Β (0)Β 7791Β 892Β 509Β
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