25th Jul 2007 09:20
Empyrean Energy PLC25 July 2007 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker: (EME)) Sugarloaf Block A, Texas USA • TCEI JV Block A # 1 well update Empyrean has been advised by Texas Crude Energy Inc that the TCEI JV Block A#1 well, the first well to be drilled as part of the recently announced 16well deal, continues to drill ahead having drilled to date approximately1500 feet of the planned 4000 feet horizontal drainhole in the Cretaceous Carbonate. The well has encountered encouraging gas shows in addition to fluorescencein the cuttings. Multiple gas flares measuring between 10-40 feet have beenreported during the circulation of bottoms up accumulations as the mudweight has had to be substantially increased. The well is planned to be drilled 4000 feet horizontally (about 15500 feet measured depth) after which appraisal and analysis of the hydrocarbon showsencountered during drilling will be carried out. Although encouraging, noconclusions should be drawn from these gas shows, fluorescence and flaresuntil the drilling is completed and testing operations have been conducted.Further updates will be provided as relevant information comes to hand. 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:Charlie Geller/ Ed PortmanConduit PRTel: +44 (0) 207 429 6604/+44 (0) (797) 006 7320 Empyrean Energy plcTel: +44(0) 207 182 1746 Rod Venables/ Cecil JordaanHB CorporateTel: +44(0)207 510 8600 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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