Empyrean Regulatory News (EME)

29 Oct 2008 07:00



29 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 10.30pm Texas time on the 25 October 2008 the Kowalik -1H well had been completed and the Patterson #130 rig was released and commenced mobilisation to the next drilling location.

Once the well site has been cleared, preparations will begin for the production test of Kowalik -1H, which is anticipated to commence within the next 3 days. Results will be announced as soon as possible thereafter. The location has been tied into production and export facilities so that when the test is complete the production can be immediately switched to sales.

Weston -1H

Empyrean has also been advised by TCEI that the next well to be drilled within the Sugarloaf AMI will be the Weston -1H well. The wellsite is located approximately 1.5km to the east of the Kennedy -1H well and it is designed with a 6000 ft horizontal section drilled to the south east.

The well is targeting the upper chalk interval that has successfully produced gas and condensate in Block A wells (A-1 and A-3 wells) and gave positive indications while drilling in the Kowalik -1H well. The well design continues to build upon the knowledge gained from recent operations and offset data.

The well is expected to take approximately 65-90 days from spud date which is anticipated following the rigging up on site of the rig over the next week.

Empyrean has a working interest of 18% in the above wells.

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 / Fiona Hyland

Conduit PR 

Tel: +44 (0) 207 429 6611 / +44 (0) 7791 892 509