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Significant Gas Shows at Dempsey 1-15 Well
Significant Gas Shows at Dempsey 1-15 Well.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n \nRNS Number : 2025Q Empyrean Energy PLC 08 September 2017 \n\nThis announcement contains inside information\n \nEmpyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas\n8 September 2017\nEmpyrean Energy PLC (\"Empyrean\" or the \"Company\")\n \nMost Significant Gas Shows to Date at Dempsey 1-15 Well\n \n· Drilled through hard siltstone/shale section into a primary gas bearing sand\n· Drilling ahead below 2,760 m (~9050 feet) to evaluate remaining conventional sandstone reservoir targets in next approximately 440 m (~1,400 feet) of drilling \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 the Dempsey 1-15 well is currently drilling ahead in 8 1/2\" vertical hole.\n \nAfter penetrating a thick section of hard shales and siltstones, drilling yesterday has intersected a potential sandstone reservoir with high gas shows. These have occurred even though the drilling mud weight has been further increased to control the levels of background gas for safe drilling.\n \nShareholders and investors are advised that the significance of these shows will become more apparent when the next wireline logs are run to more fully evaluate the intersected gas shows and reservoirs. This is planned after reaching the proposed total drilling depth of approximately 3,200 metres.\n \nThe Dempsey 1-15 well is currently drilling ahead below 2,760 m (~9,050 feet) to the highly under-explored deeper targeted reservoirs in the approximately 440 m (~1,400 feet) of remaining section to be drilled. \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, \"After slow and steady drilling through some very hard rocks over the last few days...