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Project Margarita Amend
Project Margarita Amend.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n Empyrean Energy PLC\n06 June 2007\n\n\n\n\n Empyrean Energy PLC\n ('Empyrean' or the 'Company'; Ticker: (EME))\n Project Margarita, Gulf Coast Texas USA\n\n Amendment to RNS 9253W, dated 21 May 2007\n -----------------------------------------\n\nThis announcement amends the Project Margarita Update announcement submitted to\nRNS on 21 May 2007 at 08:02am with RNS number 9253W. The need for amendment\narose as the original announcement contained an inaccuracy.\n\nThe inaccuracy relates to the statement made in the relevant announcement that\nthe Agavero #1 well was spudded during the weekend pre-ceding 21 May 2007, when\nin fact it had not been spudded at that time.\n\nThe announcement in question was made on the back of inaccurate advice received\nfrom the Company's ASX listed partner in Project Margarita, which had made a\nsimilar inaccurate announcement to the ASX market, earlier on that day.\n\nAs reported on 5 June 2007 in RNS number 7724X, the Company has been advised\nthat the drill rig scheduled to spud the Agavero #1 well, could not be relocated\nto the site due to record unseasonal rains and associated flooding. The rig has\nsubsequently been moved to the Donna Carlota Prospect location, which is one of\nthe three shallow prospects that are analogues of the historic prolific Frio and\nVicksburg sands. Note that the Agavero Prospect will be drilled when surface \nconditions allow for it and that the delays experienced did not result in any \nadditional cost for the Company.\n\nFurther updates will be provided as and when they are received from the\noperator.\n\n\nFor further information:\nCharlie Geller/ Ed Portman\nConduit PR\nTel: +44 (0) 207 429 6604/ +44 (0) 7970 067 320\n\nEmpyrean Energy plc\nTel : +44(0) 207 182 1746\n\nRod Venables/ Cecil Jordaan\nHB Corporate\nTel: +44(0) 207 510 8600\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":2058,"tagName":"div"}]