Business
Sugarloaf-1 Update
Sugarloaf-1 Update.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n Empyrean Energy PLC\n12 March 2007\n\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\nAIM quoted Empyrean Energy PLC today announces that fracture stimulation of the\nHosston Formation was successfully carried out but on flow-back, only minor gas\nwas recovered at a rate too small to measure. The Hosston Formation will now be\nplugged off to enable the testing of the shallower Cretaceous carbonates to\nproceed.\n\nThe most significant gas indications in the well were obtained in Cretaceous\ncarbonates above 14,000 feet, where gas shows during drilling and wire-line log\ninterpretation suggest the presence of potential gas pay. The timing for testing\nof these indications will be advised as soon as possible.\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\n\nFor further information\nLaurence Read/ Ed Portman\nConduit PR\nTel: +44 (0) 207 429 6605/ +44 (0) 7979955923\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 This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1548,"tagName":"div"}]