Empyrean Regulatory News (EME)

10 Oct 2007 07:00

Empyrean Energy PLC10 October 2007 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker: (EME)) Sugarloaf Prospect, ("Sugarloaf") Texas USA ------------------------------------------- Empyrean provides the following update on the Sugarloaf Prospect as provided byTexas Crude Energy Inc ("TCEI"), the operator. Kennedy #1H Well----------------- Empyrean has been advised that at 6am Texas time on 9 October, 2007 the Kennedy#1H exploration well, located in the onshore Gulf Coast Basin in Texas, USA wasdrilling ahead at a depth of 11,803 feet (3,598 metres) and preparing to kick off into the horizontal section. The proposed total depth for this well is 17,570 feet Measured Depth. Sugarloaf-1 Well---------------- Empyrean has been advised that the recently fracture stimulated deepest zone hasbeen flow tested but failed to flow. This result is not unexpected because thefracture stimulation was sub-optimal due to premature screen-out and only 6% ofthe proppant made it into the rock formation. The Opertator has proposed that the zone be re-fracced. If approved by the JointVenture, this operation will likely take place within 1 to 2 weeks. Further announcements will be made as more information becomes available. The information contained in this announcement was completed and reviewed by theTechnical Director of Empyrean Energy Plc, mr Frank Brophy BSc (Hons) who hasover 40 years experience as a petroleum geologist. For further information:Jonathan Charles / Ed PortmanConduit PRTel: +44 (0) 207 429 6611 / +44 (0) 7791 892 509 Rod Venables / Cecil JordaanHB CorporateTel: +44(0) 207 510 8600 Empyrean Energy plcTel : +44(0) 207 182 1746 This information is provided by RNS The company news service from the London Stock Exchange