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Sugarloaf-1 Gas Show
Sugarloaf-1 Gas Show.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n Empyrean Energy PLC\n17 November 2006\n\n\n\n Empyrean Energy PLC\n ('Empyrean' or the 'Company'; Ticker: (EME))\n\n Sugarloaf Hosston Prospect, Texas USA\n -------------------------------------\n\n• Further gas show\n\nAIM quoted Empyrean Energy PLC today announces that at 6am Texas time on 16\nNovember 2006, the Sugarloaf-1 exploration well was drilling ahead at 19,434\nfeet (5,925 metres).\n\nSince the last progress report released on 15 November 2006, the well has\nencountered a gas show over an 18 foot (5.5 metres) interval. Total gas\nreadings peaked at 536 units from a background of about 230 units and\nchromatography indicates the gas consists dominantly of methane (C1), with\nethane (C2), propane (C3) and a trace of butane (C4).\n\nThe economic significance of these gas indications will not be known until\nwire-line logs, programmed to be run after the well has reached total depth,\nhave been interpreted and flow testing, if warranted, has been evaluated.\n\nDrilling is continuing towards the proposed total depth of 21,000 feet\n6,400 metres).\n\n\nThe information contained in this announcement was completed and reviewed by the\nTechnical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who has\nover 40 years experience as a petroleum geologist.\n\nFor further information\n\nLaurence Read/ Ed Portman\nConduit PR\nTel: +44 (0) 207 429 6605/\n+44 (0) 7979955923\n\nEmpyrean Energy plc\nTel : +44(0) 207 932 2442\n\nImran Ahmad/ Cecil Jordaan\nHB-Corporate\nTel: +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":1803,"tagName":"div"}]