27th Feb 2007 09:44
Empyrean Energy PLC27 February 2007 27 February 2007 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker: (EME)) Project Margarita, Gulf Coast Texas USA AIM quoted Empyrean Energy PLC today announces the following update with regardsthe shallow drilling program at Margarita: 1. El Viejito Well Flow Test A coiled tubing unit has arrived on location and operations in preparation for aflow test have commenced. There are two zones of interest in the well. The testresults will be reported as results become available, this is anticipated tooccur within the next 4 - 5 days. 2. Milagro Well Flow Test Timing A workover rig is anticipated to arrive on location to commence testingoperations Wednesday February 28, 2007 (US Central Time). 3. Dos Dedos Well The rig to drill this well mobilized to location Monday February 26, 2007 (USCentral Time). Dos Dedos is the third well in the proposed 6 shallow wellprogram. After this well the rig will move to another operator for a number ofwells before returning to drill the remaining 3 wells in the Margarita ShallowWell Program. Participants in the shallow program wells are: Empyrean Energy PLC* 44.00% Sun Resources NL# 20.00% Victoria Petroleum NL# 20.00% Wandoo Energy LLC + 16.00% 100.00% # ASX listed * AIM listed + USA Private Interest 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 Laurence Read/ Ed PortmanConduit PRTel: +44(0) 207 429 6605/+44 (0)7979955923 Rod VenablesHB-CorporateTel: +44(0) 207 510 8600 Empyrean Energy plcTel: +44(0) 207 182 1746 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Empyrean