Business
Sugarloaf Project - Update
Sugarloaf Project - Update.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n RNS Number : 9977U Empyrean Energy PLC 26 October 2010 \n \n\n \n26 October 2010\n \nEmpyrean Energy PLC\n(\"Empyrean\" or the \"Company\"; Ticker (EME))\n \nSugarloaf Project, (\"Sugarloaf\"), Block B, Texas USA\n \n \nEmpyrean is pleased to provide the following update on operations at the Sugarloaf Project within the Sugarkane Gas & Condensate Field, Texas.\n \nMay -1H \nThe fracture stimulation of the May-1H horizontal well commenced on 21st October 2010. This well was drilled to a final depth of 17,550 ft and it is planned to carry out 16 fracture stimulation stages along approximately 5,000 ft of horizontal section. The fracture stimulation is utilizing a similar design to that used in other recent wells and the well will be flowed to sales once the stimulation operations are complete. Empyrean will provide an update to the market once the well has cleaned up and a stable flow has been achieved.\n \nDirect Assets-1H\nThe Direct Assets-1H well has been drilled to a final depth of 17,600 ft and casing has been run and cemented to secure approximately 5,000 ft of horizontal section. This is the fifth post farmout well within the Sugarloaf Project, following five earlier farm-in wells having been placed on production, and it will be fracture stimulated in a similar fashion to the other Eagle Ford wells.\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 \n \n \nContact:\n \nTom Kelly Empyrean Energy plc Tel: (+61) 8 9321 6988 \n \nNominated Adviser and Broker:\n \nShane Gallwey Astaire Securities Plc Tel: (+44) 20 7492 4775\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCDQLBLBBFEFB...