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Sugarloaf Project Block B Update

21 May 2010 07:21

RNS Number : 3232M
Empyrean Energy PLC
21 May 2010
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21st May 2010

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Empyrean Energy PLC

('Empyrean' or the 'Company', (EME))

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Sugarloaf Project, Block B, onshore Texas, USA.

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SUGARLOAF PROJECT OPERATIONS UPDATE

Empyrean Energy Plc is pleased to provide the market with the following update on operations on Block B at the Sugarloaf Project:

Rancho Grande-1H

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Empyrean has been advised by the Operator that the multi-stage fracture stimulation operation of the Rancho Grande-1H well commenced on 17th May 2010 and is now well underway. The operational design of the fracture stimulation is similar to that carried out successfully on the Morgan-1H and Easley-1H wells. Following completion of this operation the well will be flowed directly to sales.

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Rancho Grande-1H is the third of three new wells required to be drilled and stimulated under the Hilcorp farmin arrangements at the Sugarloaf Project.

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A further announcement will be made once the stimulation is completed and the well has achieved a stabilised flow.

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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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Contact:

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Tom Kelly Empyrean Energy Plc Tel: +618 93216988

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Nominated Adviser and Broker:

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Jerry Keen Astaire Securities Plc Tel: +44 (0) 20 7448 4400

Shane Gallwey Astaire Securities Plc Tel: +44 (0) 20 7448 4400

This information is provided by RNS
The company news service from the London Stock Exchange
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