eme very exciting

Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Block A, Texas USA
* Spectacular condensate and gas flows following a very limited fracture stimulation
of the TCEI JV Block A-1 well.
* Well flowing at an average rate of over 950 barrels of condensate with an average
rate of over 2.5 million cubic feet of gas being
an equivalent of around 12 million cubic feet equivalent gas per day.
* Rate is over 6 times the pre-stimulation rate.
Empyrean, the AIM listed energy company with exploration and production assets in Germany
and USA today announces the following initial
test results from its TCEI JV Block A-1well on Block A at the Sugarloaf Project in Texas:
Fracture stimulation operations at the TCEI JV Block A-1 well commenced over the weekend
using a small acid frac in 5 sets of
perforations over approximately 900 feet of the horizontal section of the well. As of the
latest report the well was flowing on 14/64" choke
at approximately 2.5 mmcfgpd (million cubic feet gas per day) with approximately 950 bcpd
(barrels of condensate per day) and nil bwpd
(barrels of water per day) with a FTP ("Flow Tubing Pressure") of around 4000 psi.
On the present day prices for condensate and gas whilst converting the condensate to a gas
equivalent, recent recorded equivalent gas
flow rates approximate (using a 10:1 conversion) 12 mmcfepd (million cubic feet gas equivalent
per day). The well flow rates had increased
incrementally in the 24 hours to the last report as the well cleaned up and recovered frac
fluids.
Commenting today, Empyrean Director - Tom Kelly said "These flow rates are spectacular
from an acid frac of only 900 feet of horizontal
with only 5 sets of perforations. To be getting such a great condensate flow is also very
pleasing given where the oil price is right now.
Our shareholders have been patient and it is pleasing to see this being rewarded as the
completion methods learnt early on in the project
are being successfully implemented by the operator."
Further announcements will be made as significant developments occur.
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.