Business
Wilson River-1 DST Operations Results
Wilson River-1 DST Operations Results.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n\n \n14 May 2025\nThis announcement contains inside information\nEmpyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas\n \nEmpyrean Energy PLC ('Empyrean' or 'the Company')\nWilson River -1 DST operations results\n \nEmpyrean Energy plc (\"Empyrean\" or the \"Company\"), the oil and gas development company with interests in Australia, Indonesia, and the United States, provides the following update on the Wilson River-1 well:\n \nA Drill Stem Test (DST) has been completed on the Wilson River-1 well. A fluid sample was successfully recovered and sent for further analysis.\n \nThe final well testing report has now been received and confirms the recovery of formation water from the Murta Formation in the Wilson River-1 well. As a result, a decision has been made to plug and abandon the well and the rig has been released.\n \nEmpyrean CEO, Tom Kelly, commented:\n \n\"The drilling and testing operations at Wilson River-1 were completed safely and efficiently. The outcome is disappointing, as no moveable hydrocarbons were indicated by the drill stem test despite the well having potential oil pay indicated by the quad combo logging run. The conclusion is that there has been inadequate buildup of hydrocarbons through effective migration within the trap to displace enough formation water.\"\n \nThe information contained in this announcement has been reviewed by Empyrean's Technical director, Gaz Bisht, who has over 35 years' experience as a hydrocarbon geologist and geoscientist.\n \nFor further information please visit www.empyreanenergy.com or contact the following:\n \n\n\n\n\nEmpyrean Energy plc\n\n\nTel: +61 (8) 6146 5325\n\n\n\n\nTom Kelly\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCavendish Capital Markets Limited (Nominated Advisor and Broker)\n\n\nTel: +44 (0) 207 220 0500\n\n\n\n\nNeil McDonald\nPearl Kellie\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNovum Securities Limited (Joint Broker)\n\n\nTel: +44 (0) 207 399 9400\n\n\n\n\nColin Rowbury\n\n\n\n\n\n\n\n \n\n","length":5423,"tagName":"div"}]