RNS Number : 3610H
Empyrean Energy PLC
04 November 2008
4 November 2008
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Prospect, ("Sugarloaf"), Block B, Texas USA
Empyrean Energy Plc, the oil and gas explorer and producer with assets in Germany and the
USA, provides the following update on
operations on Block B which is part of the Sugarkane Gas and Condensate Field:
* Kowalik well flowing gas and condensate to sales line during test
* Operator planning to inject the well with mud-cleanout treatment to enhance the flow
and further clean the formation
Kowalik -1H Well
Empyrean has been advised by the operator, Texas Crude Energy Inc ("TCEI"), that at 6am on
3 November 2008, the Kowalik-1H well was
flowing un-stimulated to sales on test. During the 24 hour period to 6am the well produced
937,000 cubic feet of gas, 321 barrels of oil
and 14 barrels of water. The water production is considered to be predominantly drilling and
completion fluids. The well was still producing
slugs of drilling mud during the period and had not fully cleaned up.
The operator is planning to inject a mud-cleanout treatment into the wellbore in the next
day or so to help mobilize any remaining
drilling mud and completion fluids. Such treatments have effectively been used many times in
the Chalk at analogue and other fields to
enhance the flow and clean the formation.
Commenting today, Empyrean Executive Director - Tom Kelly said: "We are happy to see the
Kowalik well flowing to sales early in this
test. The operator has not finished clean up operations; therefore we will make a further
announcement as those operations are completed."
Empyrean has a working interest of 18% in the above well.
Further updates will be provided following developments.
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.
For further information
Empyrean Energy plc
Tom Kelly
Tel: +44(0) 207 182 1746
Blue Oar Securities Plc
Olly Cairns / Jerry Keen
Tel: (+61) 8 6430 1631 / (+44) 207 448 4400
Jonathan Charles / Fiona Hyland
Conduit PR
Tel: +44 (0) 207 429 6611 / +44 (0) 7791 892 509
This information is provided by RNS
The company news service from the London Stock Exchange
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