Empyrean Regulatory News (EME)

24 Aug 2007 14:05

Empyrean Energy PLC24 August 2007 24 August 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 bythe operator. Sugarloaf-1 Well Empyrean has received a further update from the Operator of the SugarloafProject (Texas Crude Energy, Inc. - "TCEI") on the timing of the upcomingtesting and drilling program for this project. Due to rescheduling by the contractor providing the frac and testing equipmentrequired for the Sugarloaf-1 well tests, that operation is now expected tocommence during the week of 10 September 2007. Proposed Kennedy #1H Well TCEI has also advised that the rig contracted to drill the next SugarloafProject well (Kennedy #1H) is currently on schedule to finish its drillingoperations on a third party well by early next month. On that basis the Kennedy#1H well is expected to spud by around mid-September. The timing for both operations remains subject to the timely release of therelevant equipment from current third party operations as well as other factorsoutside of our control such as weather conditions. Further updates will be provided upon commencement of these operations.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 Jordaan HB-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