Business
Climaco Prospect Spudded
Climaco Prospect Spudded.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n Empyrean Energy PLC\n13 July 2007\n\n\n13 July 2007\n\n Empyrean Energy PLC\n ('Empyrean' or the 'Company'; Ticker: (EME))\n Project Margarita, Gulf Coast Texas USA\n\nAIM quoted Empyrean Energy PLC today announces the following update with regards\nProject Margarita:\n\n1. CLIMACO PROSPECT\n\nThe operator has advised that the Climaco-1 well was spudded on the 12th July\n2007.\n\nThe Climaco Prospect is the third of the three prospects that are being drilled\nin the current program which are analogues of historic prolific Frio and\nVicksburg sands production in the project area at < 2,000 meters depth.\n\nAs with the successful wells in the first program, the tie in of any commercial\ndiscovery made on these prospects in this current three well program will be\nrapid as the project area is crossed by a number of gas pipelines with access\nrights and available capacity.\n\nParticipants in the Margarita Project are:\n\nEmpyrean Energy PLC* 44.00%\nSun Resources NL# 20.00%\nVictoria Petroleum NL# 20.00%\nWandoo Energy LLC + 16.00%\n ------\n 100.00%\n# ASX listed\n* AIM listed\n+ USA Private Interest\n\nThe information contained in this announcement was completed and reviewed by the\nTechnical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who has\nover 40 years experience as a petroleum geologist.\n\nFor further information\n\nCharlie Geller/ Ed Portman Rod Venables Empyrean Energy plc\nConduit PR HB Corporate Tel: +44(0) 207 182 1746\nTel: +44 (0) 207 429 6604/ Tel: +44(0)207 510 8600 \n+44 (0) (797) 006 7320 \n\n\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":2061,"tagName":"div"}]