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Significant Gas Shows in reservoir at Dempsey
Significant Gas Shows in reservoir at Dempsey.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n \nRNS Number : 2686P Empyrean Energy PLC 30 August 2017 \n\nThis announcement contains inside information\n \nEmpyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas\n30 August 2017\nEmpyrean Energy PLC (\"Empyrean\" or the \"Company\")\n \nSignificant Gas Shows in unexpected reservoir at Dempsey\n \n· Additional zone of significant gas shows in unexpected sandstone reservoir\n· Drilling ahead below 2,300 m (~7,670 feet) to evaluate multiple remaining conventional sandstone reservoir targets in next 900 m (~2,900 feet) of anticipated drilling\n· Dempsey is testing the largest known 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 \nSince the last update mud logs have indicated new zones of significant gas shows in improved reservoirs. These reservoirs are interpreted to be equivalent to sandstones seen in outcrop in the coastal ranges to the west, but were not considered to be likely to be present in the Dempsey well.\n \nThe 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 2,300 m (~7,670 feet) to the highly under-explored deeper targeted reservoirs in the approximately 900 m (~2,900 feet) of remaining section to be drilled.\n \nDempsey is drilling the largest known, yet 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, \"The improved quality of sands appearing in these latest unexpected zones of significant gas shows is encouragi...