Drilling Report

Empyrean Energy PLC 30 September 2005 Empyrean Energy PLC ('Empyrean' or 'the Company'; Ticker: (EME) 30 September 2005 Update- Glantal Natural Gas Project, Germany Drill site preparation and access road complete Gas exploration drilling expected to commence Q4 2005 Empyrean Energy PLC, the AIM quoted energy developer operating in low risk regions, today announces that drilling preparations, commenced in late August, at the Glantal prospect in Germany are now complete. The Glantal-1 well to be drilled on the Neues Bergland permit is operated by one of Empyrean's partners Pannonian International Ltd ('Pannonian'), a wholly owned subsidiary of U.S.-based Galaxy Energy Corporation (OTC BB: GAXI). Pannonian has confirmed that the key preparatory work, including the access road and drill site construction, is now complete and that drilling operations will commence shortly after the rig arrives on site. The drilling rig contracted to drill Glantal-1 is presently in the final stages of a pre-existing contract and is on target to reach the Glantal-1 site during October 2005. Drilling is expected to commence approximately 10 days after the rigs arrival at site. Results from the first drilling campaign at the Glantal prospect are still on schedule for Q4 2005 as previously stated. Empyrean has been quoted on AIM since July of this year and is focused on energy resource exploration and development in geopolitically stable environments. The Company has acquired the rights to earn up to a 52% working interest in the Neues Bergland permit, a substantial fractured reservoir natural gas exploration project in Germany. The Neues Bergland permit is located close to Frankfurt in Germany and contains the Pfalzer Anticline which is a 515 square kilometre structure containing deep anthracitic coal beds. The coal beds, too deep to mine economically, have been estimated by an independent expert to have generated several hundred trillion cubic feet ('Tcf') of gas, with a recoverable gas potential of up to 6.2 Tcf in the first drilling prospect alone. Empyrean will test a minimum of three large potential pay-zones at different depths over the first drilling prospect with drilling of the Glantal-1 well. Independent geological analysis has calculated the smallest of these zones has the potential to hold a recoverable 1.2 Tcf of gas. The first drilling programme will test the seal integrity, an important factor at Glantal-1. After drilling the Glantal-1 well the Company will have approximately £1.7 million available to commence development of a discovery, continue exploration and assess other opportunities. Commenting today Chris Lambert, Executive Director, said: 'The Company is pleased that all is in readiness for the first drilling campaign at the Glantal prospect, with results due before the end of the year, as we have always aimed for. With strong gas prices in Germany and demand increasing due to existing government policies requiring the reduction of nuclear and coal powered electricity generation the Company is excited by the prospect of a commercial discovery in an energy hungry market...' Laurence Read/Amanda Harris David Newton Chris Lambert Conduit PR HB-Corporate Empyrean Energy plc Tel: +44 (0) 207 618 8760 Tel: +44(0) 207 510 8600 Tel : +44(0) 207 932 2442 Mob: +44 (0) 7979 955 923 This information is provided by RNS The company news service from the London Stock Exchange
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