FAR 1.06% 47.5¢ far limited

now that the real buying has commencedand that there have been...

  1. 220 Posts.
    now that the real buying has commenced
    and that there have been many doubters,
    this month and obvious this year will see far outperform

    eme is also up 8 pence in london trading and they have
    relaease the following, vpe has also release an eagle update, the eagle is coming to town

    they are expecting flows of 1000 bopd ( that is very good)

    see below for the announcement

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

    Drilling Update

    • Drilling now completed at Eagle North-1 in California, USA.
    • Production testing about to commence.

    AIM quoted Empyrean Energy PLC today announces the following update on the Eagle
    North-1 well, San Joaquin Basin, California, USA:

    Victoria Petroleum NL as operator for the Eagle North-1 horizontal well advises
    that at 1800 hours Central Pacific Time 7 May 2006, the current operation at the
    Eagle North-1 horizontal well was preparing to carry out a production test of
    177 metres (580 feet) of the lower Mary Bellocchi Gatchell oil sand in the
    horizontal well bore over the interval from 4,209 - 4,386 metres (13,810 -
    14,390 feet) following the completion of drilling at 4,386 metres (14,390 feet)

    The interval being tested will consist of the 72 metres (235 feet) of lower Mary
    Bellocchi Gatchell oil sand cased behind the 4 1/2 inch liner from 4,209 - 4,281
    metres (13,810 - 14,045 feet) and the 105 metres (345 feet) of open hole lower
    Mary Bellochi oil sand from 4,281 - 4,386 metres (14,046 -14,390 feet) which is
    being tested as a barefoot completion out of the base of the 4 1/2 inch liner at
    4,386 metres (14,045 feet).

    The forward plan is to carry out a tubing conveyed perforation of the casing and
    then bring the well to flow to surface by unloading the well bore with a coiled
    tubing unit and nitrogen.

    A further update will be made as information becomes available.

    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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