Empyrean Energy PLC
27 February 2007
27 February 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
the shallow drilling program at Margarita:
1. El Viejito Well Flow Test
A coiled tubing unit has arrived on location and operations in preparation for a
flow test have commenced. There are two zones of interest in the well. The test
results will be reported as results become available, this is anticipated to
occur within the next 4 - 5 days.
2. Milagro Well Flow Test Timing
A workover rig is anticipated to arrive on location to commence testing
operations Wednesday February 28, 2007 (US Central Time).
3. Dos Dedos Well
The rig to drill this well mobilized to location Monday February 26, 2007 (US
Central Time). Dos Dedos is the third well in the proposed 6 shallow well
program. After this well the rig will move to another operator for a number of
wells before returning to drill the remaining 3 wells in the Margarita Shallow
Well Program.
Participants in the shallow program wells 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
Laurence Read/ Ed Portman
Conduit PR
Tel: +44(0) 207 429 6605/
+44 (0)7979955923
Rod Venables
HB-Corporate
Tel: +44(0) 207 510 8600
Empyrean Energy plc
Tel: +44(0) 207 182 1746
This information is provided by RNS
The company news service from the London Stock Exchange