Business
Sugarloaf Update
Sugarloaf Update.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n \nRNS Number : 3465M Empyrean Energy PLC 15 August 2011 \n\n15 August 2011\nEmpyrean Energy PLC \n(\"Empyrean\" or the \"Company\"; Ticker: (EME))\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 \nProduction Data\nThe following wells have been on production for a period of 30 days and Empyrean is pleased to provide the market with an update on produced volumes during that period:-\n \n\n\n\n\n\n\n\nWorking Interest\n\n\nTotal Gas Production (mmscf)\n\n\nTotal Condensate Production (bbls)\n\n\nAverage Daily Equivalent Oil Rate (boe/d)*\n\n\n\n\nBest Huth #1H - 60 day\nJordan #1H\nDavenport #1H\n\n\n0.58%\n3.0%\n1.40%\n\n\n21.8\n33.6\n28.8\n\n\n19,661\n22984\n21977\n\n\n777\n953\n893\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n*The equivalent barrels per day production rate has been calculated on a simple 6:1 ratio. \n \nOperations\n \nThe following wells have commenced production since the last operational update and Empyrean will provide further details when the wells have achieved 30 and 60 day production milestones.\n Working Interest Date of production\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPfiefer #1H\n\n\n1.9%\n\n\n28/07/11\n\n\n\n\nTurnbull #6H\n\n\n1.02%\n\n\n20/07/11\n\n\n\n\nBest Fenner #1H\n\n\n3.0%\n\n\n27/07/11\n\n\n\n\n \n \nIn addition the following operations have taken place\n \nBrysch Jonas #1H (3.0% WI) - The Brysch Jonas #1H well has been fracture stimulated and will shortly be cleaned up to sales.\nYosko Borgfield #1H (1.51% WI) - The Yosko Borgfield #1H well was spudded on the 15th July 2011 and reached a total depth of 18,625ft on 25th July 2011. Casing has been run and cemented and the fracture stimulation of this well is underway.\n \...