13th Aug 2010 07:45
13th August 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
Empyrean has been advised by the Operator that the Luna-1H well was spudded on 7th August 2010 and the well has been drilled to a depth of 5,780 ft having run and set surface casing.
The Luna-1H well is the second Sugarloaf well where Empyrean will contribute to costs and derive revenue on a post farmout basis.
Empyrean has a post farm-out working interest of 3% in this well.
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.
For further information
Empyrean Energy plc
Tom Kelly
Tel: +618 9321 6988
Astaire Securities Plc
Shane Gallwey / Toby Gibbs
Tel: +44 (0)207 492 4750
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