Business
Drilling Update-Replacement
Drilling Update-Replacement.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n Empyrean Energy PLC\n11 January 2007\n\n\n11 January 2007\n\n Empyrean Energy PLC\n ('Empyrean' or the 'Company'; Ticker: (EME))\n\n Project Margarita, Gulf Coast Texas USA\n\nThis announcement amends the Drilling Update submitted to RNS on 10 January\n2007 at 7.18am with RNS number 2694P. The need for amendment arose as the\noriginal announcement contained inaccuracies as to phone numbers and the date of\nthe last report.\n\nAIM quoted Empyrean Energy PLC today announces that operations are ongoing on\nthe El Viejito Prospect on Project Margarita, South Texas, USA.\n\nCurrent well depth at 07.00 hours Australian WST, Tuesday 9 January 2007 El\nViejito #1 is 1,129 metres.\n\nBasal Frio and Vicksburgh targets are below 1,524 metres. It is expected that\nonce final depth of 1,920 metres is reached the hole will be logged and a \ndecision will be made to test target zones of interest and run 2 7/8' tubing \nas the completion string.\n\nSince the last report of 21 December 2006 there has been an extended Christmas\nbreak and a crew changeover following the break. All programmed wells are being \ndrilled on a turnkey basis at a fixed price for the joint venture and any costs \nover the fixed price due to drilling delays are to the contractor's account. A \nfurther update will be made on completion of the well program.\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\nLaurence Read/Ed Portman\nConduit PR\n+44 (0) 20 7429 6605/+44 7979955923\n\nImran Ahmad/ Cecil Jordaan\nHB-Corporate\nTel: +44(0)207 510 8600\nTel: +44(0)20 7538 1166 (switchboard)\n\nEmpyrean Energy plc\n+44 (0) 20 7182 1746\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":2058,"tagName":"div"}]