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Dempsey 1-15 Natural Gas Well Drilling Update
Dempsey 1-15 Natural Gas Well Drilling Update.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n \nRNS Number : 5075O Empyrean Energy PLC 21 August 2017 \n\nThis announcement contains inside information\n \nEmpyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas\n21 August 2017\nEmpyrean Energy PLC (\"Empyrean\" or the \"Company\")\n \nDempsey 1-15 (Empyrean 30% Working Interest) Natural Gas Well Drilling Update\n \n· Four gas zones confirmed by wireline and mud logs in sandstones between 1,000 and 1,560 metres \n \n· Net pay estimates range from 30-50 feet in undrained fault block\n \n· Casing currently being cemented in preparation for drilling ahead into the remaining 5-plus potential interpreted highly prospective sandstone reservoirs\n \n\nEmpyrean Energy (EME : AIM), the oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce that it has been informed by Sacgasco Limited (ASX: SGC) (\"Sacgasco\"), the operator of the Dempsey 1-15 well in the Sacramento Basin, onshore California, that the field appraisal drilling component of the Dempsey 1-15 well has been successfully concluded. Dempsey 1-15 has reached the planned intermediate casing point and has been wireline logged.\n \nThe wireline and mud logs have confirmed four zones of interpreted gas saturated sandstones at field production levels at depths from approximately 1,000 metres (3,300 feet) to 1,560 metres (5,100 feet). Based on log correlations and 3D seismic, these gas filled sands have not been previously produced in this fault block of the field. \n \nThe net gas pay estimate from the logs ranges from 30 to 50 feet depending on petrophysical-parameter cut-off values used. These zones will now be protected behind casing for future testing and production. \n \nAs planned, 9 5/8\" casing has been run to a depth of approximately 1,760 metres (5,800 feet), and is currently in the process of being cemented in preparation for drilling ahead into more than five prospective underlying sandstone reservoir targets.\n\n \nTo view a press release with pictures please visit www.sacgasco.com. \n \nEmpyrean CEO Tom Kelly commented, \"We are pleased that operations to date have been executed efficiently and safely by Sacgasco and its local o...