Last checked at 13 Dec 2012 08:02
13 December 2012
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Project, onshore Texas, USA
Production and Operations Update
Empyrean Energy, the AIM-listed explorer and producer with operations in the United States and its key project in the Eagle Ford Shale, is pleased to announce the following summary of 30 and 60 day production data and operations recently received for the Sugarloaf Project:
Working Interest (%) | Total Gas Production (mmscf) | Total Condensate Production (bbls) | Average Daily Equivalent Oil Rate (boe/d)* | |
Luna Unit 2H - 60 day | 3.0 | 117.5 | 42,684 | 1038 |
May Unit 1 2H - 60 day | 3.0 | 103.3 | 40,649 | 964 |
Davila Graham 1H - 30 day | 3.0 | 17.0 | 13,897 | 558 |
Davila Graham 2H - 30 day | 3.0 | 12.5 | 16,335 | 614 |
Bailey Retzloff 1H - 30 day | 3.0 | 75.0 | 17,957 | 1015 |
Bailey Retzloff 2H - 30 day | 3.0 | 89.3 | 17,519 | 1080 |
Bailey Retzloff 3H - 30 day | 2.9105 | 88.8 | 19,181 | 1133 |
\* The wells have had the Average Daily Equivalent Oil Rate recalculated on a simple 6:1 basis.
Further production results will be released as they come to hand.
Operations
Empyrean currently has a total of 63 wells in production at the Sugarloaf Project. In addition, there are currently two wells being drilled and a further three wells in the process of having completion / stimulation operations carried out.
Commenting today, Empyrean CEO Tom Kelly said, "These strong flow rates, in particular from the two wells reporting 60 day average rates are providing further encouragement."
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
Tom Kelly
+618 9480 0111
Shore Capital Lionsgate Communications
Anita Ghanekar Jonathan Charles
Edward Mansfield jcharles@lionsgatecomms.com
+44 (0) 207 408 4090 +44 (0) 7791 892509
Notes to Editors:
Empyrean Energy is an AIM-listed (Ticker: EME) oil and gas exploration and production company focused in the Eagle Ford shale, Texas, USA. Other assets include a 10% working interest in the Riverbend Project, Texas, just south of the prolific Bookeland Field (Austin Chalk) as well as a 48.5% interest in the Eagle Oil Pool Development Project located in the San Joaquin Basin, southern California.
Empyrean's portfolio includes interests in 63 producing wells at the Sugarloaf Project, Texas. In addition, there are currently two wells being drilled and a further three wells in the process of having completion/ stimulation operations carried out.