RNS Number:7801H
Empyrean Energy PLC
15 November 2007
15 November 2007
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Block A, Texas USA
* TCEI JV Block A # 3 well encounters gas shows whilst drilling over the
target zone
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-3 Well
----------------------
Empyrean has been advised by the operator that gas shows have been encountered
over a 185 feet interval at about 12,000 feet depth which is the main objective
of the TCEI JV Block A-3 well. The gas recordings rose to a maximum of 350 units
which is approximately ten times the background gas readings immediately prior
to the shows. These gas readings were recorded during drilling of the vertical
pilot hole section of the well.
Current operations are preparation for open hole logging. The well is then
planned to be drilled 1500-2000 feet horizontally into the target zone for
completion and testing.
The commercial significance of the gas shows will not be known until the full
results of any testing are analyzed.
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.
Commenting today, Empyrean director Tom Kelly said - "This is further good news
for Empyrean as we now have a total of five wells in the Sugarkane discovery
area - two on Block B and three on Block A that have encountered gas whilst
drilling. We look forward to the results of testing from each well during what
promises to be an exciting testing phase for the company."
For further information
Jonathan Charles/Charlie Geller
Conduit PR
Tel: +44 (0) 207 429 6611
Rod Venables
HB Corporate
Tel: +44(0) 207 510 8600
Empyrean Energy plc
Tel : +44(0) 207 182 1746
This information is provided by RNS
The company news service from the London Stock Exchange
END
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