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24 Feb 2009 07:00
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24 February 2009
Empyrean Energy PLCΒ
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Prospect,Β ("Sugarloaf"), Block A,Β TexasΒ USA
Block A-3 and A-4 wells placed on production to salesΒ
Combined flow rates from both wells averaged 5.8 million cubic feet of gas per day and 680 barrels of condensate per day for the seven days up to 21stΒ February
Empyrean Energy Plc, the oil and gas explorer and producer with assets inΒ GermanyΒ and theΒ USA, is pleased to provide the following update on operations on Block A which is part of the Sugarkane Gas and Condensate Field:
TCEI JV Block A-3 WellΒ
Empyrean has been advised byΒ Texas Crude Energy Inc ("TCEI")Β thatΒ the TCEI JV Block A-3 well commenced flowing to sales on the 14thΒ February after having a water and surfactant flush treatment.Β
The well achieved average flow rates for the seven days up to and including 21st February, 2009 of 1.7 million cubic feet of gas per day and 280 barrels of condensate per day.Β
TCEI JV Block A-4 WellΒ
TCEI also advisedΒ thatΒ the TCEI JV Block A-4 well commenced flowing to sales on the 14thΒ February after having an acid fracture stimulation performed.Β
The well achieved average flow rates for the seven days up to and including 21st February, 2009 of 4.1 million cubic feet of gas per day and 400 barrels of condensate per day.Β
Empyrean has a working interest of 7.5% in both of these wells.
Commenting today Empyrean director Tom Kelly said: "Empyrean is very pleased that these wells have now had production facilities completed and have been connected to the sales pipeline. We now have production from all three horizontal wells on Block A, with two vertical wells undergoing further testing."
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: +618 9321 6988Β
Β
Blue Oar Securities Plc
OllyΒ CairnsΒ / Jerry Keen
Tel: (+61) 8 6430 1631 / (+44) 207 448 4400Β
Β
Jonathan Charles /Β Fiona Hyland
Conduit PRΒ
Tel: +44Β (0)Β 207Β 429Β 6611 / +44Β (0)Β 7791Β 892Β 509Β
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