Bondi Prospect Update

Empyrean Energy PLC
10 October 2007




                              Empyrean Energy PLC
                  ('Empyrean' or the 'Company'; Ticker: (EME))

                           Bondi Prospect : Texas USA
                           --------------------------

• Empyrean replaces recently announced agreement with Texon Petroleum
Limited with a new agreement to increase working interest from 15% to 20%

AIM listed Empyrean is pleased to announce that the recently concluded
participation agreement (as announced on 14 September 2007) with Texon E &
P, Inc, the USA operating subsidiary of ASX listed Texon Petroleum Limited
('Texon' - ASX code TXN), has been replaced by a new agreement which
effectively increases Empyrean's right to earn a working interest in Texon's
Bondi & Coogee Prospects, from 15% to 20%. Empyrean will now fund 26.6667%
of the cost of drilling, testing and completion of the Bondi Prospect and
will have an option to drill the Coogee Prospect on the same increased
terms.

Bondi is a 30-76 billion cubic feet equivalent ('Bcfe') gas target and
Coogee is a 28-62 Bcfe gas target.

Empyrean will also reimburse Texon a proportionately higher share of the
prospect generation, land and lease costs (now 20% versus previous 15%).

A further update will be made when the spud in date becomes known.

Commenting today Empyrean Director Tom Kelly said: 'Empyrean is very pleased
to have been able to increase its exposure to this exciting project. This
agreement further cements our good working relationship with Texon and
confirms our commitment to drilling the Bondi and Coogee prospects.'

For further information:

Jonathan Charles / Ed Portman
Conduit PR
Tel: [phone]

Rod Venables / Cecil Jordaan
HB Corporate
Tel: [phone]

Empyrean Energy plc
Tel : [phone]






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