RNS Number:7989G
Empyrean Energy PLC
01 November 2007
1st November 2007
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Block A, Texas USA
* TCEI JV Block A # 1 well being prepared for testing to commence
* TCEI JV Block A # 2 well reaches total depth
* Gas shows (# 2) correlate with the shows seen in the Sugarloaf-1 well on Block B Empyrean, the AIM listed oil and gas company with exploration and production assets in Germany and USA today announces the following regarding Sugarloaf Block A in Texas:
TCEI JV Block A-1 Well
----------------------
The operator of Block A is preparing the TCEI JV Block A-1 well for fracture stimulation and testing.
As previously reported, this well encountered gas shows and gas flares during drilling - including a 600 foot zone with a constant gas flare.
A further update will be provided when the exact timing for this testing becomes clear.
TCEI JV Block A-2 Well
----------------------
Empyrean has been advised by Texas Crude Energy Inc that the TCEI JV Block A #2 well has reached a total depth of 12,032 feet and production casing has been
run.
The vertical well encountered gas shows that correlate with the gas shows seen in the Sugarloaf-1 well on Block B.
It is understood that this well will be used to monitor the testing of the TCEI JV Block A-1 horizontal well and then subsequently tested.
Further updates will be provided as the timing for testing operations is confirmed.
Proposed TCEI JV Block A-3 Well
-------------------------------
Empyrean has agreed to participate in the drilling of a further well on Block A, the TCEI JV Block A-3 well. This well will be part of the recently announced 16 well program and as with the previous two wells on this Block, Empyrean will have a 7.5% working interest in this well. The well will be a horizontal well targeting the shallow zone that correlates to the production from the discovery well nearby.
Empyrean director, Tom Kelly commented "This third well following the Block A operator's discovery well earlier this year is a clear indication that the operator has a high degree of confidence in the shallow zone that they have production from. We look forward to the results from this well and eagerly await testing to commence on the previous two wells".
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.
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