Business
Change of Adviser
Change of Adviser.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n \nRNS Number : 8058Q Empyrean Energy PLC 18 October 2013 \n \n\nEmpyrean Energy Plc / Index: AIM / Epic: EME / Sector: Oil & Gas\n18 October 2013\nEmpyrean Energy PLC ('Empyrean' or 'the Company')\nChange of Adviser\n \nEmpyrean Energy, the profitable US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, is pleased to announce the appointment of Cenkos Securities plc as its Nominated Adviser and sole broker with immediate effect.\n \n**ENDS**\n \nFor further information please visit www.empyreanenergy.com or contact the following:\n \n\n\n\n\nTom Kelly\n\n\nEmpyrean Energy plc\n\n\nTel: +618 9481 0389\n\n\n\n\nNeil McDonald\n\n\nCenkos Securities Plc\n\n\nTel: +44 (0) 131 220 9771 / +44 (0) 207 397 1953\n\n\n\n\nKen Fleming\n\n\nCenkos Securities Plc\n\n\nTel: +44 (0) 131 220 9772 / +44 (0) 207 397 1950\n\n\n\n\nHugo De Salis\n\n\nSt Brides Media & Finance Ltd\n\n\nTel: +44 (0) 20 7236 1177\n\n\n\n\nElisabeth Cowell \n\n\nSt Brides Media & Finance Ltd\n\n\nTel: +44 (0) 20 7236 1177\n\n\n\n\nLottie Brocklehurst\n\n\nSt Brides Media & Finance Ltd\n\n\nTel: +44 (0) 20 7236 1177\n\n\n\n\n \nNotes to Editors:\n \nEmpyrean Energy Plc is an AIM listed (Ticker: EME) profitable US on-shore oil and gas development and production company focussed primarily on the advancement of its assets in Texas and California. The Company's portfolio represents a mix of assets at various stages of development. Its flagship project is the Sugarloaf AMI in the prolific Eagle Ford Shale, Texas, where it has a 3% working interest in approximately 24,300 gross acres centrally positioned in the liquids rich sweet-spot within the field. Empyrean has an interest in over 91 gross producing wells with full development expected to reach over 280 wells and further upside potential from additional formations and closer well spacing. The Company has term debt facility of up to US$50 million with Macquarie Bank in place in order to develop this acreage which is operated by US major Marathon Oil Company.\n \nOther assets include a 57.2% interest in the Eagle Oil Pool Development Project located in the San Joaquin Basin, southern California, a proven oil and gas province. Empyrean's large working interest in this pro...