8th Sep 2010 07:00
8 September 2010
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker (EME))
Sugarloaf Project, ("Sugarloaf"), Block B, Texas USA
Empyrean is pleased to provide the following update on operations at the Sugarloaf Project within the Sugarkane Gas & Condensate Field, Texas.
Luna-1H Operations Update
The drilling operations on the Luna-1H well are now complete. The well was drilled to a depth of 17,370 ft, providing approximately 5,000 ft of horizontal section within the reservoir. The production casing string has now been run and cemented in place and the rig has demobilized from this location. The well will be fracture stimulated, in a similar fashion to the other Empyrean wells within the Eagle Ford Shale trend, in due course. This is the second post-farmout well within the Sugarloaf Project in which Empyrean has participated.
May-1H
The drilling rig will now mobilize to the next drilling location which is also within the Sugarloaf Project and is expected to spud the May-1H well shortly.
The information contained in this announcement was completed and 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: (+61) 8 9321 6988
Nominated Adviser and Broker:
Shane Gallwey / Toby Gibbs Astaire Securities Plc Tel: (+44) 207 492 4750
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