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Last checked at 
15 Aug 2011 08:11
15 August 2011
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 operations at the Sugarloaf Project within the Sugarkane Gas & Condensate Field, Texas
Production Data
The following wells have been on production for a period of 30 days and Empyrean is pleased to provide the market with an update on produced volumes during that period:-
Working Interest | Total Gas Production (mmscf) | Total Condensate Production (bbls) | Average Daily Equivalent Oil Rate (boe/d)* | |
Best Huth #1H - 60 day Jordan #1H Davenport #1H | 0.58% 3.0% 1.40% | 21.8 33.6 28.8 | 19,661 22984 21977 | 777 953 893
|
\* The equivalent barrels per day production rate has been calculated on a simple 6:1 ratio.
Operations
The following wells have commenced production since the last operational update and Empyrean will provide further details when the wells have achieved 30 and 60 day production milestones.
Working Interest Date of production
Pfiefer #1H | 1.9% | 28/07/11 |
Turnbull #6H | 1.02% | 20/07/11 |
Best Fenner #1H | 3.0% | 27/07/11 |
In addition the following operations have taken place
Brysch Jonas #1H (3.0% WI) - The Brysch Jonas #1H well has been fracture stimulated and will shortly be cleaned up to sales.
Yosko Borgfield #1H (1.51% WI) - The Yosko Borgfield #1H well was spudded on the 15th July 2011 and reached a total depth of 18,625ft on 25th July 2011. Casing has been run and cemented and the fracture stimulation of this well is underway.
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.
For further information
Empyrean Energy plc
Tom Kelly
+618 9388 8041
Shore Capital
Anita Ghanekar
Edward Mansfield
+44 (0) 207 408 4090
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