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Last checked at 
6 Jul 2010 07:58
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6 July 2010
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Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker (EME))
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Sugarloaf Project ("Sugarloaf"), Block B, Texas USA
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Empyrean is pleased to provide the following update on production at the Sugarloaf Project within the Sugarkane Gas & Condensate Field, Texas.
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Production Update
The following well has reached the 30 day production milestone:-
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|
|
Fractured Horizontal Length (ft) |
Total Gas Production (mmscf) |
Total Condensate Production (bbls) |
Average Daily Equivalent Gas Rate (mmscfe/d)* |
|
Rancho Grande #1H |
4900 |
85 |
31,200 |
16.2 |
* The equivalent gas rates have been calculated to reflect value using a 12:1 conversion ratio for condensate and a 25% uplift on gas equivalent volumes due to the high calorific value of the produced gas.
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As was reported on 8 June 2010, this well is being operated on a restricted choke as part of the optimisation of decline rates and ultimate recovery.
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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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Shane GallweyΒ / Toby Gibbs Astaire Securities Plc Tel: +44 (0) 20 7492 4750
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