re: why should it be up tomorrow ??? Drilling Update
• Good oil shows encountered whilst drilling at Eagle North-1 in
California, USA.
• Oil encountered is in the target lower Mary Bellocchi oil sands.
AIM quoted Empyrean Energy PLC today announces the following update on the Eagle
North-1 well, California, USA:
Victoria Petroleum NL as operator for the Eagle North-1 horizontal well in the
Eagle Oil Pool Development Project in the San Joaquin Basin advises that at 2300
hours Central Pacific Time 12 April 2006, the current operation at Eagle North-1
horizontal well was drilling ahead at 4,272 metres (14,015 feet) measured depth
after encountering oil shows in the target lower Mary Bellochi oil sand.
The operator has advised good oil shows for the drilling conditions were first
seen in drill cuttings at 4,255 metres (13,960 feet ) measured depth (4,152
metres TVD KB) and continue to be present.
The forward plan is to drill another 25 metres to 4,293 metres (14,085 feet) and
then pull out of the hole to run 4 1/2 inch casing. The well bore is currently
at an angle of 87 degrees from the vertical.
With the Kreyengagen Shale behind the 41/2 inch liner, the Gatchel target oil
sands will be drilled with a normal pressured water based KCL-Clarizan mud
minimising formation invasion and maximing the evaluation of the oil bearing
potential of the oil sand.
Following setting of the intermediate 41/2 inch liner, a 3 3/4 inch horizontal
well bore will then be drilled over a distance of 320 metres to within 30 metres
of the Mary Bellocchi-1 oil well. This horizontal well bore will then be
completed for production with a 2 7/8 inch slotted production liner.
A further update will be made as information becomes available.
Executive Director - Tom Kelly commented "This type of oil show is extremely
encouraging and we look forward to being able to provide a further update as our
completion operations progress."
The information contained in this announcement has been reviewed by the
Technical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who has
over 40 years experience as a petroleum geologist.
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