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Last checked at 
9 Oct 2012 07:00
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9 October 2012
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))
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Sugarloaf Project : Onshore Texas, USA
Production and Operational Update
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Β·; Empyrean reaches milestone of 50 wells in production at Sugarloaf
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Production
The following is a summary of 30 and 60 day production data recently received for the following wells at the Sugarloaf Project:
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Working Interest | Total Gas Production (mmscf) | Total Condensate Production (bbls) | Average Daily Equivalent Oil Rate (boe/d)* | |
Gilley Unit 2H - 30 day | 3.0% | 23.4 | 15,570 | 649 |
Franke Johnson 2H - 60 day | 0.953% | 59.3 | 19,592 | 491 |
Children Weston 2H - 60 day | 3.0% | 151.9 | 27,988 | 888 |
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\* The wells have had the Average Daily Equivalent Oil Rate recalculated on a simple 6:1 basis.
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Further production results will be released as they come to hand.
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Operations
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Empyrean currently has 50 wells in production in total at the Sugarloaf Project. In addition there are currently 4 wells being drilled and a further 3 wells in the process of having completion/ stimulation operations carried out.
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This is a continuation of the rapid ramp up in development activities that has occurred at Sugarloaf this year.
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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.
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For further information
Empyrean Energy plcΒ
Tom Kelly
+618 9480 0111
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Shore Capital
Anita Ghanekar
Edward Mansfield
+44 (0) 207 408 4090
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