Sign In
Last checked at 
6 Jul 2010 07:58
6 July 2010
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker (EME))
Sugarloaf Project ("Sugarloaf"), Block B, Texas USA
Empyrean is pleased to provide the following update on production at the Sugarloaf Project within the Sugarkane Gas & Condensate Field, Texas.
Production Update
The following well has reached the 30 day production milestone:-
|
|
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.
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.
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.
Contact:
Tom Kelly Empyrean Energy Plc Tel: +618 93216988
Nominated Adviser and Broker:
Shane Gallwey / Toby Gibbs Astaire Securities Plc Tel: +44 (0) 20 7492 4750
Follow the stocks
