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Last checked at 
15 Sep 2011 09:47
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13 September 2011
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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 operations and production at the Sugarloaf Project within the Sugarkane Gas & Condensate Field, Texas.
Production Data
The following well has been on production for a period of 30 or 60 days and Empyrean is pleased to provide the market with an update on produced volumes during that period:-
Well name | Working Interest | Total Gas Production (mmscf) | Total Condensate Production (bbls) | Average Daily Equivalent Oil Rate (boe/d)* |
Jordan #1H - 60 day | 3.0% | 64,630 | 39,036 | 831 |
Best Fenner #1H - 30 day Pfeifer #1H - 30 day Davenport #1H - 60 day Turnbull #6H - 30 day Best Huth #1H 60 day | 3.0% 1.9% 1.40% 1.02% 0.58% | 38,725 16,983 53,026 29,026 39,707 | 20,437 20,019 35,607 18,097 35,810 | 896 761 740 764 707 Β |
\* The equivalent barrels per day production rate has been calculated on a simple 6:1 ratio.
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Operations
The following wells have commenced production since the last operational update. Empyrean will provide further details when the wells have achieved 30 and 60 day production milestones.
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Brysch Jonas #1H (3.0% WI) - The Brysch Jonas #1H well went into production on 10 August 2011.
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Yosko Borgfield #1H (1.51% WI) - The Yosko Borgfield #1H well went into production on 14 August 2011.
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In addition the following operations have taken place:
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Holland Brown #1H (3.0% WI) - The well has been spudded and drilling operations are underway.
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Holland Opiela #1H (0.35% WI) - The well has been drilled to a total depth of 16,847 ft. Casing has been run and is presently being cemented in place.
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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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Empyrean Energy Plc
Tom Kelly Tel: +618 9388 8041
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Shore Capital & Corporate Limited
Anita Ghanekar Tel: +44 (0) 20 7408 4090
Edward Mansfield
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