Empyrean Energy PLC
22 May 2006
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Glantal Gas Project, Germany
• Completion rig secured for testing operations at the Glantal-1 well.
• Testing operations expected to commence during June.
• 4 initial zones prioritised for testing.
AIM quoted Empyrean Energy PLC today announces that a completion rig has been
secured to test four initial zones for the presence of gas at the Glantal-1
well, the first well drilled by Empyrean and its partners in the Glantal Gas
Project.
Following a comprehensive independent and internal review/analysis of the log
data (including FMI data) four initial zones have been chosen as priorities for
the testing operations. Two of the zones have multiple intervals in close
proximity within the zone that can be tested together, resulting in a total of
eight initial intervals that will be tested over the four zones. Each zone will
be tested separately for hydrocarbon content.
The operator of the Glantal Gas Project, Pannonian International Ltd
('Pannonian'), a wholly owned subsidiary of U.S.-based Galaxy Energy Corporation
(Amex: GAX) has advised that a German contractor, Koller Workover and Drilling
GmbH, has been chosen to provide the completion rig and associated services for
the testing operations at the Glantal-1 well. The operator advises that the
contract with Koller is in the final stages of review and is expected to be
executed shortly.
Commenting today Tom Kelly, Executive Director, of Empyrean said: 'We are
pleased that a completion rig has been secured for the important and exciting
testing of our first well at the Glantal Gas Project. Pannonian expects that the
testing operations will commence in June 2006 and we will provide a further
update as firm dates become known for the mobilisation of the completion rig to
the well site.'
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
Angus Prentice/Laurence Read
Conduit PR
Tel: +44 (0) 207 429 6603
Mob: +44 (0) 79974 982512
Empyrean Energy plc
Tel : +44(0) 207 932 2442
Toby Howell / Imran Ahmad
HB Corporate
Tel: +44 (0) 207 510 8600
Fax: +44 (0) 207 538 1625
This information is provided by RNS
The company news service from the London Stock Exchange