Empyrean Regulatory News (EME)

27 Sep 2007 07:23

Empyrean Energy PLC27 September 2007 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker: (EME)) Sugarloaf Prospect, ("Sugarloaf"), Blocks A & B, Texas USA ---------------------------------------------------------- TCEI JV Block A-1 Well---------------------- The operator has advised that the fracture stimulation and testing of the zonesof interest that produced multiple hydrocarbon shows and gas flares in the TCEIJV Block A-1 Well, during drilling, may involve specialist monitoring andinterpretation techniques that require equipment to be placed in a nearby wellbore during the fracture stimulation operations. At this stage the operatorintends to use the TCEI JV Block A-2 Well, for this specific purpose. Theinformation gained from this analysis will assist the operator in determiningthe efficacy of the fracture stimulation techniques and further help toestablish the best way to develop the reservoir. Fracture stimulation andtesting operations will therefore likely commence on the TCEI JV Block A-1 Wellfollowing the completion of drilling the TCEI JV Block A-2 Well. It is notexpected that this will affect the potential prospects for the TCEI JV Block A-2Well in any way. The whole process is designed to maximise potentialproductivity by utilising the best modern day techniques available. Sugarloaf-1 Well (Block B)-------------------------- Since our last report of 19 September Texas Crude Energy Inc ("TCEI") advisesthat frac sand (proppant) has been drilled and washed from the well bore.Running of tubing for flow testing the first zone is expected to commenceshortly. Kennedy #1H Well (Block B)-------------------------- TCEI has also advised that that at 6am Texas time on 26 September, 2007 theKennedy #1H exploration well, located in the onshore Gulf Coast Basin in Texas,USA was at a depth of 6,100' (1,860 metres) and installing blow out preventers,before preparing to drill ahead, after having run and cemented casingsuccessfully. The proposed total depth for this well is 17,570 feet MeasuredDepth. Further updates will be provided following developments. The information contained in this announcement was completed and reviewed by theTechnical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who hasover 40 years experience as a petroleum geologist. For further information: Jonathan Charles / Ed Portman Conduit PR Tel: +44 (0) 207 429 6611 / +44 (0) 7791 892 509 Rod Venables / Cecil Jordaan HB Corporate Tel: +44(0) 207 510 8600 Empyrean Energy plc Tel : +44(0) 207 182 1746 This information is provided by RNS The company news service from the London Stock Exchange