Empyrean Energy PLC
11 January 2007
11 January 2007
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Project Margarita, Gulf Coast Texas USA
This announcement amends the Drilling Update submitted to RNS on 10 January
2007 at 7.18am with RNS number 2694P. The need for amendment arose as the
original announcement contained inaccuracies as to phone numbers and the date of
the last report.
AIM quoted Empyrean Energy PLC today announces that operations are ongoing on
the El Viejito Prospect on Project Margarita, South Texas, USA.
Current well depth at 07.00 hours Australian WST, Tuesday 9 January 2007 El
Viejito #1 is 1,129 metres.
Basal Frio and Vicksburgh targets are below 1,524 metres. It is expected that
once final depth of 1,920 metres is reached the hole will be logged and a
decision will be made to test target zones of interest and run 2 7/8' tubing
as the completion string.
Since the last report of 21 December 2006 there has been an extended Christmas
break and a crew changeover following the break. All programmed wells are being
drilled on a turnkey basis at a fixed price for the joint venture and any costs
over the fixed price due to drilling delays are to the contractor's account. A
further update will be made on completion of the well program.
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:
Laurence Read/Ed Portman
Conduit PR
+44 (0) 20 7429 6605/+44 7979955923
Imran Ahmad/ Cecil Jordaan
HB-Corporate
Tel: +44(0)207 510 8600
Tel: +44(0)20 7538 1166 (switchboard)
Empyrean Energy plc
+44 (0) 20 7182 1746
This information is provided by RNS
The company news service from the London Stock Exchange