Drilling to commence at Dempsey Well, California

About this update from Empyrean Energy Plc

RNS Number : 7007M Empyrean Energy PLC 01 August 2017   This announcement contains inside information   Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas 1 August 2017 Empyrean Energy PLC ("Empyrean" or the "Company")   Drilling to commence at 1Tcf+ Dempsey Natural Gas Well, onshore California   Empyrean, the oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce that it has been informed by Sacgasco Limited (ASX: SGC) ("Sacgasco"), the operator of the Dempsey 1-15 well in the Sacramento Basin, onshore California, that it plans to commence drilling the Dempsey 1-15 well on 1 August 2017 (California time).  Dempsey 1-15 is expected to take 30-40 days to drill to ~10,000ft targeting the 1Tcf Dempsey natural gas prospect in which Empyrean has a 30% interest.   Highlights ·     Drilling to commence at Dempsey 1-15 well on 1 August 2017 for an expected 30-40 day drill time ·     Dempsey prospect contains over seven stacked conventional sandstone reservoir targets ·     Offset wells have had gas shows and production from Kione and Princeton Canyon formations above the Forbes producing reservoirs ·     Dempsey 1-15 is the first well to test the primary reservoir formations in this part of the under-explored Sacramento Basin o  While there is limited subsurface control for the under-explored parts of the Sacramento Basin, the petroleum play is proven with reservoirs, seals and demonstrated traps o  Secondary reservoirs are interpreted to be gas bearing and on trend with the Dempsey prospect ·     Gas shows and flows in similar local reservoirs are interpreted to indicate pipeline quality "dry gas" ·     To view a press release with pictures please visit www.sacgasco.com    Tom Kelly, Empyrean CEO, commented:   "With drilling now expected to be underway at Dempsey within hours, we look forward to the next 30 to 40 days as the 1Tcf+ prospect is targeted.  Similar reservoirs have been interpreted to indicate pipeline quality "dry gas" which bodes well should Dempsey 1-15 be successful as the well is located next to existing gas metering and surface infrastructure that is owned by the joint venture.  I look fo...

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