Last checked at 27 Jul 2012 08:05
27 July 2012
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Project : Onshore Texas, USA
Production Update
Production
The following is a summary of 30 and 60 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)* | |
Tipton Jonas 1H - 30 day | 1.4848% | 16.5 | 15,101 | 595 |
Brysch Jonas B 1H - 30 day | 0.0355% | 12.2 | 23,590 | 854 |
Brysch Jonas C 1H - 30 day | 1.0340% | 16.2 | 11,683 | 479 |
Brown Dupnik 1H - 30 day | 2.7128% | 20.8 | 17,102 | 686 |
Holland Opiela 1H - 60 day | 0.3517% | 22.6 | 29,202 | 550 |
The following wells have had the Average Daily Equivalent Oil Rate recalculated on a simple 6:1 basis and the following average daily rates are as a result of the recalculation:
Working Interest | Total Gas Production (mmscf) | Total Condensate Production (bbls) | Average Daily Equivalent Oil Rate (boe/d) | |
Children Weston 1H - 30 day | 3% | 78.2 | 21,197 | 1141 |
Pfeifer Bell 1H - 60 day | 2.0433% | 28.2 | 26,428 | 519 |
Kimble Gilley 1H - 60 day | 3% | 36.5 | 35,695 | 696 |
Adams Tipton 1H - 60 day | 3% | 36.5 | 30,890 | 616 |
Brysch Adams 1H - 60 day | 3% | 43.8 | 35,167 | 708 |
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