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Hercules Prospect Update

17th Jun 2010 07:58

RNS Number : 7742N
Empyrean Energy PLC
17 June 2010
 



17th June 2010

 

 

Empyrean Energy PLC

('Empyrean' or the 'Company', (EME))

 

Hercules Prospect, onshore Texas, USA.

 

 

BP AMERICA A-740 #1 WELL UPDATE

 

Empyrean Energy Plc has been advised by the operator, Krescent Energy Company LLC ("Krescent"), that permitting and "right of way" negotiations with the appropriate landowners in respect of the pipeline required to be connected to the BP America A-740 well to the nearby sales pipeline are now complete.

 

Construction is due to commence imminently to lay the required 4km (approx) of pipeline. The construction is expected to take several weeks to complete and a further update will be provided when construction is near to completion and testing can begin.

 

 

Empyrean has a 10% working interest in this well.

 

 

Further updates will be provided as significant events occur.

 

 

 

The information contained in this announcement was reviewed by the Technical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who has over 40 years experience as a petroleum geologist.

 

 

 

Contact:

 

Tom Kelly Empyrean Energy Plc Tel: +618 93216988

 

Nominated Adviser and Broker:

 

Jerry Keen Astaire Securities Plc Tel: +44 (0) 20 7448 4400

Shane Gallwey Astaire Securities Plc Tel: +44 (0) 20 7448 4400

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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