Empyrean Energy PLC
10 October 2007
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Sugarloaf Prospect, ('Sugarloaf') Texas USA
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Empyrean provides the following update on the Sugarloaf Prospect as provided by
Texas Crude Energy Inc ('TCEI'), the operator.
Kennedy #1H Well
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Empyrean has been advised that at 6am Texas time on 9 October, 2007 the Kennedy
#1H exploration well, located in the onshore Gulf Coast Basin in Texas, USA was
drilling ahead at a depth of 11,803 feet (3,598 metres) and preparing to kick
off into the horizontal section. The proposed total depth for this well is
17,570 feet Measured Depth.
Sugarloaf-1 Well
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Empyrean has been advised that the recently fracture stimulated deepest zone has
been flow tested but failed to flow. This result is not unexpected because the
fracture stimulation was sub-optimal due to premature screen-out and only 6% of
the proppant made it into the rock formation.
The Opertator has proposed that the zone be re-fracced. If approved by the Joint
Venture, this operation will likely take place within 1 to 2 weeks.
Further announcements will be made as more information becomes available.
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:
Jonathan Charles / Ed Portman
Conduit PR
Tel: +44 (0) 207 429 6611 / +44 (0) 7791 892 509
Rod Venables / Cecil Jordaan
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