Drilling Report

Empyrean Energy PLC 14 February 2006 Empyrean Energy PLC ('Empyrean' or the 'Company'; Ticker: (EME)) Drilling update Eagle Oil Pool Development Project - California, USA AIM quoted Empyrean Energy PLC today announces the following update on the Eagle North-1 well in California, USA. Victoria Petroleum NL as operator for the Eagle North-1 well has advised that at 0900 hours on 14 February 2006, Perth, Australia Western Standard Time, Eagle North-1 was at 4,178 metres depth in a new 9 7/8' sidetrack hole drilling ahead having intersected the target second Gatchell sandstone at 4,162 metres as per the seismic prognosis. The target sand was circulated up with an increase in gas to a peak of 42 units over a background of 8 units at 4,167 metres accompanied by an increase in heavier C5 gases decreasing to background at 4,175 metres. No oil fluorescence was seen in the samples which is to be expected as a result of the current drilling conditions using an overbalanced mud weight. Wireline logs are required to be run to evaluate the significance of the above gas show and the oil bearing potential of the target Gatchell sand when the well has been drilled to its total depth of 4,220 metres which the operator expects to be in the next 24- 48 hours. Executive Director Thomas Kelly states 'The presence of pentane gas in the shows is very encouraging however we will wait for the results of wireline logs before deciding upon which zones to test'. For further information Laurence Read/ Angus Prentice Conduit PR Tel: +44 (0) 207 429 6603 Mob: +44 (0) 7974 982 512 David Newton HB Corporate Tel: +44(0) 207 510 8600 Chris Lambert Empyrean Energy plc Tel : +44(0) 207 932 2442 This information is provided by RNS The company news service from the London Stock Exchange
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