Please see below RNS from Empyrean it states it is pulling out...

Please see below RNS from Empyrean it states it is pulling out of the Borba drill this had to be seen as a negative. Also he does not say they still have interests in other drills in the Sacramento basin. Fast forward today then he states today they have interest now that’s what I see as a positive.

Wed, 28th Oct 2020 07:14RNS Number : 4564DEmpyrean Energy PLC28 October 2020 28 October 2020 Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas Empyrean Energy PLC ("Empyrean" or the "Company") Borba Drilling Program Empyrean Energy plc (EME: AIM) ("Empyrean"), the oil and gas development company with interests in China, Indonesia and the United States, advises that, with regard to the announcement made by Sacgasco Limited (ASX:SGC) ("Sacgasco") on the Australian Securities Exchange today, it has notified Sacgasco that Empyrean will not be participating in the proposed drilling of the Borba prospect in the Sacramento Basin, onshore California, under the current timeframes and terms currently proposed by Sacgasco. Tom Kelly, Empyrean CEO commented "Whilst Empyrean views drilling the Borba prospect as being the logical next phase of exploration in the suite of JV projects in Sacramento, it has decided for the time being to focus its resources on its South East Asian assets."**ENDS** For further information: Empyrean Energy plcTom KellyTel: +61 6146 5325Cenkos Securities plc (Nominated Advisor and Broker)Neil McDonaldTel: +44 (0) 131 220 9771Pete LynchTel: +44 (0) 131 220 9772First Equity Limited (Joint Broker)Jason RobertsonTel: +44 (0) 20 7330 1883 This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock