22nd Sep 2014 09:11
LONDON (Alliance News) - Empyrean Energy PLC Monday said it has increased its working interest in the Eagle Oil Pool development project in California, US.
The US-focused oil and gas company said it has increased its working interest in the project, based in California's San Joaquin Basin, to 58% from 57% following the surrender of a minor interest in the project.
No financial details were disclosed.
The other partners in the project are Strata-X, with a 24% stake, and Lakes Oil Company, which has an 18% stake.
Empyrean shares were up 4.2% to 19.28 pence per share on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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