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Further Significant Gas Shows at Dempsey
Further Significant Gas Shows at Dempsey.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n \nRNS Number : 5998Q Empyrean Energy PLC 13 September 2017 \n\nThis announcement contains inside information\n \nEmpyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas\n13 September 2017\nEmpyrean Energy PLC (\"Empyrean\" or the \"Company\")\n \nFurther significant Gas Shows at Dempsey\n \n· Drilled through additional significant gas shows before reaching target Total Depth\n· Conditioning the hole for wireline logging at Total Depth of 2,970 m (~9750 feet)\n· Dempsey is testing the largest undrilled structure in northeastern Sacramento Basin\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 it has completed drilling the 8 1/2\" vertical hole.\n \nDrilling last night intersected two further zones of high gas shows.\n \nShareholders and investors are advised that the significance of these shows will become more apparent when the wireline logs are run to more fully evaluate the intersected gas shows and reservoirs. The hole is currently being conditioned for logging.\n \nThe Dempsey 1-15 well has been drilled to 2,970 m (~9,750 feet) to create sufficient hole to allow logging tools to fully evaluate the target reservoirs intersected to date. \n \nDempsey is drilling the largest undrilled mapped structural closure in the northeastern part of the prolific Sacramento Gas Basin and is interpreted to be optimally located to trap gas migrating out of gas generating areas located to the west and south.\n \nEmpyrean CEO Tom Kelly commented, \"Empyrean commends Sacgasco and its local operational team for reaching TD safely. We look forward to providing further updates on testing in the near future as results come to hand.\"\n \nDempsey Prospect and Dempsey 1-15 Well\nDempsey is a large structure mapped with 3D seismic and interpreted by Sacgasco to have the potential to hold a prospective resource of over 1 Tcf of gas in up to seven stacked target reservoirs. Individual, unrisked Deterministic Prospective Resources for the primary...