FAR 1.02% 48.5¢ far limited

eagle drilling, page-3

  1. 3,935 Posts.
    re: eagle drilling into oil. Tuesday shaoul see a change of fortune for FAR as Empyrean has announced good oil shows during the Eagle drilling.

    Looks like all is going well.

    Cheers, MT.

    RNS Number:4940B
    Empyrean Energy PLC
    13 April 2006



    Empyrean Energy PLC
    ("Empyrean" or the "Company"; Ticker: (EME))

    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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