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Sugarloaf-1 Gas Indications
Sugarloaf-1 Gas Indications.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n Empyrean Energy PLC\n10 November 2006\n\n\n\n Empyrean Energy PLC\n\n ('Empyrean' or the 'Company'; Ticker: (EME))\n\n\n Sugarloaf Hosston Prospect, Texas USA\n -------------------------------------\n\n\n • FURTHER GAS INDICATIONS IN THE PRIMARY TARGET\n\n\n AIM quoted Empyrean Energy PLC today announces that at 6am Texas time on \n 9 November 2006, the Sugarloaf-1 exploration well was drilling ahead at \n 18,476 feet (5,633 metres).\n\n\n Continuing gas indications over an aggregate of 70 feet (21 metres) were\n obtained while drilling between 18,320 feet and 18,445 feet. Total gas\n readings peaked at 326 units from a background of about 40 units and\n chromatography indicates the gas consists dominantly of methane (C1), with\n ethane (C2) and propane (C3).\n\n\n The economic significance of these gas indications will not be known until\n wire-line logs, programmed to be run after the well has reached total depth,\n have been interpreted and flow testing, if warranted, has been evaluated.\n\n\n Drilling is continuing towards proposed total depth of 21,000 feet (6,400\n metres).\n\n\n\n The information contained in this announcement was completed and reviewed by\n the Technical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons)\n who has over 40 years experience as a petroleum geologist.\n\n\n For further information\n\n\n Laurence Read/ Ed Portman\n\n Conduit PR\n Tel: +44 (0) 207 429 6605 / +44 (0) 7979955923\n\n Empyrean Energy plc\n Tel : +44(0) 207 932 2442\n\n Imran Ahmad/ Cecil Jordaan\n HB-Corporate\n Tel: +44(0) 207 510 8600\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"}]