Sugarloaf - Press Comment
Empyrean Energy PLC
28 September 2007
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Prospect, ("Sugarloaf"), Block A, Texas USA, Clarifying Statement
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TCEI JV Block A-I Well
Empyrean notes recent media coverage of the announcement made on 27 September
2007 and whishes to confirm that the operations to be carried out as part of the
testing and fracture stimulation of the TCEI JV Block A-I well should not be
interpreted as a necessity but rather they are an appropriate use of the best
modern day technology available in the industry and will enable the operator to
have better information in order to establish best practice for the development
and completion of the wells in this project. Empyrean believes that this is a
positive development and an appropriate use of the technology available.
Empyrean also wishes to confirm that the proposed TCEI JV Block A-II well is in
fact the third well in the recently announced sixteen wells program in which
Empyrean has a 7.5% working interest.
Empyrean has been informed that preparations are under way for the spudding of
the TCEI JV Block A-II well. Further releases will be made after drilling
commences.
For further information:
Jonathan Charles / Ed Portman
Conduit PR
Tel: +44 (0) 207 429 6611 / +44 (0) 7791 892 509
Rod Venables / Cecil Jordaan
HB Corporate
Tel: +44(0) 207 510 8600
Empyrean Energy plc
Tel : +44(0) 207 182 1746
Sugarloaf - Press CommentEmpyrean Energy PLC28 September 2007...
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