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11 Nov 2008 07:00
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11 November 2008
Empyrean Energy PLCΒ
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Prospect,Β ("Sugarloaf"), Block A,Β Β TexasΒ USA
TCEI JV Block A-5 well reaches TD
Electric logs interpret upper, middle and lower pay-zones over 220 feet gross interval
Empyrean Energy Plc, the oil and gas explorer and producer with assets inΒ GermanyΒ and theΒ USAΒ provides the following update on operations on Block A which is part of the Sugarkane Gas and Condensate Field:
TCEI JV Block A-5 WellΒ
Empyrean has been advised byΒ Texas Crude Energy Inc ("TCEI")Β thatΒ the TCEI JV Block A-5 well has reached total depth of approximately 12,470 feet. Electric logs and casing have been run. The logs indicate that the well intersected the upper, middle and lower potential pay-zones of the Austin Chalk and possibly the Eagleford Shale.
The operator is presently assessing the well data before deciding upon a completion and testing plan.
Empyrean has a working interest of 7.5% in this well.
Further updates will be providedΒ following developments.
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 informationΒ
Empyrean Energy plcΒ
Tom Kelly
Tel: +44(0)Β 207Β 182Β 1746
Blue Oar Securities Plc
OllyΒ CairnsΒ / Jerry Keen
Tel: (+61) 8 6430 1631 / (+44) 207 448 4400Β
Β
Conduit PRΒ
Jonathan Charles /Β Fiona Hyland
Tel: +44Β (0)Β 207Β 429Β 6611 / +44Β (0)Β 7791Β 892Β 509
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