Wilson River-1 drill preparations update

11 March 2025

This announcement contains inside information

Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas

Empyrean Energy PLC ('Empyrean' or 'the Company')

Wilson River-1 drill preparations update

Empyrean Energy plc ("Empyrean" or the "Company"), the oil and gas development company with interests in Australia, Indonesia and the United States, is pleased to announce that it has received notice from its joint venture partner, Condor Energy Services Ltd ("Condor"), that the rig package arrived on location and rig up for the Wilson River - 1 well has commenced.

Completion of the rig up and testing is expected this week, with the Wilson River-1 well anticipated to spud during the coming weekend on Saturday 15th or Sunday 16th March.

A further update will be provided once the well spuds.

Empyrean CEO, Tom Kelly commented, "Condor Energy Services has done a great job with preparations to drill the Wilson River-1 well. Empyrean would like to thank the team at Condor for the safe, efficient and professional way in which they have coordinated all aspects of the drill preparation so far. We look forward to updating investors as the progress on the well continues."

For further information please visit www.empyreanenergy.com or contact the following: