Empyrean Regulatory News (EME)

22 Oct 2008 07:01



22 October 2008

Empyrean Energy PLC 

("Empyrean" or the "Company"; Ticker: (EME))

Sugarloaf Prospect, ("Sugarloaf"), Block B, Texas USA

Empyrean Energy Plc, the oil and gas explorer and producer with assets in Germany and the USA, provides the following update on operations on Block B which is part of the Sugarkane Gas and Condensate Field:

Kowalik #1H Well 

Empyrean has been advised by the operator, Texas Crude Energy Inc ("TCEI"), that at 06:00hrs on the 21/10/08 (US CST) the well had reached a measured depth of 16,483 ft, which equates to approximately 4,600 ft of horizontal section within the Austin Chalk.

The well has again continued to produce gas whilst drilling, with further significant gas flares resulting from the last section of the well. Gas readings regularly in excess of 2,000 units have continued to be measured.

Whilst encouraging the commercial significance of these gas shows and flares will not be known until the well has been flow tested.

The horizontal section is targeting the upper pay interval that has been reported as successfully producing gas and condensate in Block A (TCEI JV Block A-1 and A-3 wells).

The Joint Venture has elected to call Total Depth at this point and a wiper trip has been carried out in preparation for completion of the well. These operations are expected to take 7 - 10 days before the well will be flow tested.

Empyrean has a working interest of 18% in this well.

Further updates will be provided 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 information 

Empyrean Energy plc 

Tom Kelly

Tel: +44(0) 207 182 1746 

Blue Oar Securities Plc

Olly Cairns / Jerry Keen

Tel: (+61) 8 6430 1631 / (+44) 207 448 4400 

Jonathan Charles

Conduit PR 

Tel: +44 (0) 207 429 6611