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Kowalik-1H update and new wel
Kowalik-1H update and new wel.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n RNS Number : 1683F Empyrean Energy PLC 07 January 2010 \n7 January 2010\nEmpyrean Energy PLC \n(\"Empyrean\" or the \"Company\"; Ticker: (EME))\nSugarloaf Project, (\"Sugarloaf\"), Block B, Texas USA\n\n\n\nKowalik-1H fracture stimulation update and new well preparations\n\n\n\nKowalik-1H Fracture Stimulation Program\nEmpyrean is pleased to provide the market with an update on the fracture stimulation operations at the Kowalik-1H well. As previously reported the pumping operations commenced on 28th December 2009 (US CST) with the first stage comprising of four phases targeting the horizontal 3,800 ft of slotted liner.\nAfter 22 hours of continuous pumping and during the fourth phase of the stimulation program an anomalous pressure drop was noted and operations were suspended to allow further investigation. At this point the first three phases had been successfully completed with over 80% of the planned fluids for this stage having been pumped with encouraging real time indicators of the stimulation.\nFollowing the investigation the Operator has elected to run a tie back string of 5 ½ inch casing from the top of the liner to surface. Thereafter an isolation plug, which has been set in the liner as part of the investigation, will be removed and the well flowed to surface.\nThe fracture equipment has demobilised and a rig is now moving on to location to carry out the abovementioned work. It is presently estimated that the Kowalik-1H well will be flowed to production in 1-2 weeks.First New Well Under Farmin AgreementWell site preparations have now commenced for the first farmin well at Sugarloaf, the Easley-1H well, which will be located approximately 2km to the north east of the Weston-1H well. As previously reported, this well is expected to be spudded during the month of January 2010.\n\nA further announcement will be made as significant developments occur.\n\nFor further information \nEmpyrean Energy plc \nTom Kelly\nTel: +618 9321 6988 \nAstaire Securities Plc\nShane Gallwey / Jerry Keen\nTel: +44 (0)207 448 4400 \nThis information is provided by RNSThe company news service from the London Stock Exchange END DRLKKODKFBKKQDK \n ","length":4...