Empyrean Energy PLC
06 June 2007
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Project Margarita, Gulf Coast Texas USA
Amendment to RNS 9253W, dated 21 May 2007
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This announcement amends the Project Margarita Update announcement submitted to
RNS on 21 May 2007 at 08:02am with RNS number 9253W. The need for amendment
arose as the original announcement contained an inaccuracy.
The inaccuracy relates to the statement made in the relevant announcement that
the Agavero #1 well was spudded during the weekend pre-ceding 21 May 2007, when
in fact it had not been spudded at that time.
The announcement in question was made on the back of inaccurate advice received
from the Company's ASX listed partner in Project Margarita, which had made a
similar inaccurate announcement to the ASX market, earlier on that day.
As reported on 5 June 2007 in RNS number 7724X, the Company has been advised
that the drill rig scheduled to spud the Agavero #1 well, could not be relocated
to the site due to record unseasonal rains and associated flooding. The rig has
subsequently been moved to the Donna Carlota Prospect location, which is one of
the three shallow prospects that are analogues of the historic prolific Frio and
Vicksburg sands. Note that the Agavero Prospect will be drilled when surface
conditions allow for it and that the delays experienced did not result in any
additional cost for the Company.
Further updates will be provided as and when they are received from the
operator.
For further information:
Charlie Geller/ Ed Portman
Conduit PR
Tel: +44 (0) 207 429 6604/ +44 (0) 7970 067 320
Empyrean Energy plc
Tel : +44(0) 207 182 1746
Rod Venables/ Cecil Jordaan
HB Corporate
Tel: +44(0) 207 510 8600
This information is provided by RNS
The company news service from the London Stock Exchange