2nd Oct 2008 07:00
2 October 2008
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Prospect, ("Sugarloaf"), Block A, Texas USA
TCEI JV Block A-5 well spuds and is drilling ahead
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 commenced drilling on the 29 September 2008.
The well is designed as a vertical well that will target all three potential pay zones (Upper, Middle & Lower) identified on the Sugarkane Gas and Condensate Field. The "Upper" zone has two wells that Empyrean has previously reported as successfully flowing commercial quantities of gas and condensate on test (Block A-1 & A-3 wells).
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 / Sarah Alexander
Tel: +44 (0) 207 429 6611 / +44 (0) 7791 892 509
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