Sugarloaf Update Block A (Empyrean Energy)
TIDMEME
RNS Number : 7712N
Empyrean Energy PLC
24 February 2009
?
24 February 2009
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Prospect, ("Sugarloaf"), Block A, Texas USA
* Block A-3 and A-4 wells placed on production to sales
* Combined flow rates from both wells averaged 5.8 million cubic feet of gas per
day and 680 barrels of condensate per day for the seven days up to 21st February
Empyrean Energy Plc, the oil and gas explorer and producer with assets in
Germany and the USA, is pleased to provide the following update on operations on
Block A which is part of the Sugarkane Gas and Condensate Field:
TCEI JV Block A-3 Well
Empyrean has been advised by Texas Crude Energy Inc ("TCEI") that the TCEI JV
Block A-3 well commenced flowing to sales on the 14th February after having a
water and surfactant flush treatment.
The well achieved average flow rates for the seven days up to and including 21st
February, 2009 of 1.7 million cubic feet of gas per day and 280 barrels of
condensate per day.
TCEI JV Block A-4 Well
TCEI also advised that the TCEI JV Block A-4 well commenced flowing to sales on
the 14th February after having an acid fracture stimulation performed.
The well achieved average flow rates for the seven days up to and including 21st
February, 2009 of 4.1 million cubic feet of gas per day and 400 barrels of
condensate per day.
Empyrean has a working interest of 7.5% in both of these wells.
Commenting today Empyrean director Tom Kelly said: "Empyrean is very pleased
that these wells have now had production facilities completed and have been
connected to the sales pipeline. We now have production from all three
horizontal wells on Block A, with two vertical wells undergoing further
testing."
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