11th Nov 2008 07:00
11 November 2008
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Prospect, ("Sugarloaf"), Block A, Texas USA
TCEI JV Block A-5 well reaches TD
Electric logs interpret upper, middle and lower pay-zones over 220 feet gross interval
Empyrean Energy Plc, the oil and gas explorer and producer with assets in Germany and the USA provides the following update on operations on Block A which is part of the Sugarkane Gas and Condensate Field:
TCEI JV Block A-5 Well
Empyrean has been advised by Texas Crude Energy Inc ("TCEI") that the TCEI JV Block A-5 well has reached total depth of approximately 12,470 feet. Electric logs and casing have been run. The logs indicate that the well intersected the upper, middle and lower potential pay-zones of the Austin Chalk and possibly the Eagleford Shale.
The operator is presently assessing the well data before deciding upon a completion and testing plan.
Empyrean has a working interest of 7.5% in this well.
Further updates will be provided following developments.
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: +44(0) 207 182 1746
Blue Oar Securities Plc
Olly Cairns / Jerry Keen
Tel: (+61) 8 6430 1631 / (+44) 207 448 4400
Conduit PR
Jonathan Charles / Fiona Hyland
Tel: +44 (0) 207 429 6611 / +44 (0) 7791 892 509
Related Shares:
Empyrean