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Sugarloaf Block B - Update
Sugarloaf Block B - Update.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n RNS Number : 7567Y Empyrean Energy PLC 10 July 2008 \n \nEmpyrean Energy PLC \n('Empyrean' or the 'Company'; Ticker: (EME))\nSugarloaf Prospect, ('Sugarloaf'), Block B, Texas USA\n\n\n\nEmpyrean, the AIM listed oil and gas explorer and producer with assets in Germany and USA today announces the following:\n\nKennedy #1H\n\nEmpyrean has been advised by Texas Crude Energy Inc ('TCEI'), the operator of Block B, that fracture stimulation operations commenced on Thursday 3rd July. In preparation for the stimulation, an additional three sets of perforations, each 3 ft long, were placed in between those used for the first stimulation in the bottom 600 ft of the well. \n\nThe fracture operation successfully placed approximately 100,000 lbs of high strength proppant into the fractures before high pumping pressures prevented the full program being completed; this represents 90% of the planned fluids and 50% of the planned proppant.\n\nFlow back has commenced and to date has recovered about 1,200 barrels of the 6,540 barrels of fluids pumped during fracture operations. Trace amounts of gas and condensate were also recovered towards the end of this period. \n \nOperations are now in progress to clean out any fracture proppant that was left in the well bore as a result of the early termination of fracture operations. After that, flow-back and testing operations will resume. Further announcements will be made as the results become available. \n\nAs previously reported, the Kennedy #1H is believed to be located in the middle interval of the chalk reservoir, which has not previously been fully tested. Empyrean remains encouraged by the demonstrable productivity from the first stimulation and looks forward to the results of the current stimulation of the same section of the well. \n\nEmpyrean has an 18% working interest in this well.\n \nFurther releases will be made as appropriate.\n\n \nThe information contained in this announcement was completed and reviewed by the Technical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who has over 40 years experience as a petroleum geologist.\n\nFor further information: \n \nEmpyrean Energy p...