14th Dec 2007 07:50
Empyrean Energy PLC14 December 2007 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker: (EME)) Sugarloaf Prospect, ("Sugarloaf"), Block B, Texas USA ----------------------------------------------------- Empyrean, the AIM listed oil and gas explorer and producer with assets inGermany and USA today announces the following: Kennedy -1H Well---------------- The operator advises that following the 4-1/2 inch liner being cemented in placein the horizontal section of the well, the drilling rig was released on December8, 2007. The operator intends to run a radial bond log to assess the cement jobbefore finalising plans for an extensive fracture stimulation program and testoperations on the well. It is likely that these operations will start early inthe new year. Sugarloaf-1 Well---------------- Flow testing of the deepest of three zones of interest in the Austin Chalkcontinues. Swabbing and short periods of natural flow have recovered smallquantities of gas and condensate together with fracture stimulation fluids andwork fluids. The operator has advised that the test program will include furtherswabbing before shutting the well in for a seven day pressure build up test. Anelectronic pressure gauge assembly has been deployed by wireline. Further workon this zone will be dependant on the analysis of the test and other data. 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 ExchangeRelated Shares:
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