Last checked at 21 Sep 2012 07:00
21 September 2012
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Project : Onshore Texas, USA
Production and Operational Update
Empyrean is pleased to provide the following production update for new wells completed recently:
Production
The following is a summary of 30 day production data recently received for the following wells at the Sugarloaf Project:
Working Interest | Total Gas Production (mmscf) | Total Condensate Production (bbls) | Average Daily Equivalent Oil Rate (boe/d)* | |
Davila 1H | 3.0% | 81.1 | 20,171 | 1123 |
Davila 2H | 3.0% | 80.1 | 20,319 | 1122 |
Forshage Howell 1H | 3.0% | 77.3 | 18,429 | 1043 |
Forshage Howell 2H | 3.0% | 79.5 | 18,269 | 1051 |
Forshage Howell 3H | 3.0% | 72.3 | 15,803 | 928 |
Imperila Unit 1H | 3.0% | 39.2 | 21,157 | 923 |
Imperila Unit 2H | 3.0% | 35.9 | 20,226 | 873 |
St Germain Imperial Unit 1H | 3.0% | 23.9 | 17,104 | 703 |
St Germain Imperial Unit 2H | 3.0% | 26.3 | 17,136 | 717 |
\* The wells have had the Average Daily Equivalent Oil Rate recalculated on a simple 6:1 basis.
All of the above wells commenced production during July.
Further production results will be released as they come 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
Tom Kelly
+618 9480 0111
Shore Capital
Anita Ghanekar
Edward Mansfield
+44 (0) 207 408 4090