Empyrean Energy PLC
13 July 2007
13 July 2007
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Project Margarita, Gulf Coast Texas USA
AIM quoted Empyrean Energy PLC today announces the following update with regards
Project Margarita:
1. CLIMACO PROSPECT
The operator has advised that the Climaco-1 well was spudded on the 12th July
2007.
The Climaco Prospect is the third of the three prospects that are being drilled
in the current program which are analogues of historic prolific Frio and
Vicksburg sands production in the project area at < 2,000 meters depth.
As with the successful wells in the first program, the tie in of any commercial
discovery made on these prospects in this current three well program will be
rapid as the project area is crossed by a number of gas pipelines with access
rights and available capacity.
Participants in the Margarita Project are:
Empyrean Energy PLC* 44.00%
Sun Resources NL# 20.00%
Victoria Petroleum NL# 20.00%
Wandoo Energy LLC + 16.00%
------
100.00%
# ASX listed
* AIM listed
+ USA Private Interest
The 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.
For further information
Charlie Geller/ Ed Portman Rod Venables Empyrean Energy plc
Conduit PR HB Corporate Tel: +44(0) 207 182 1746
Tel: +44 (0) 207 429 6604/ Tel: +44(0)207 510 8600
+44 (0) (797) 006 7320
This information is provided by RNS
The company news service from the London Stock Exchange