Drilling Report

Empyrean Energy PLC 20 February 2006 Empyrean Energy PLC ('Empyrean' or the 'Company'; Ticker: (EME)) Update • 90%+ INCREASE IN POTENTIAL NET PAY • PRODUCTION CASING RUN AND CEMENTED • FLOW TESTING TO COMMENCE SHORTLY 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 following a more detailed analysis of the wireline electric logs, the net oil pay is interpreted to be upto 13.4 meters in a gross section of 21 meters. This has increased from the previously announced net pay figure of 7 meters by more than 90%. The operator has also advised that production casing has been run to a depth of 4217 meters and cemented during operations over the weekend. Currently, preparations are being made to install the blow out preventor whilst waiting for the cement to set. It is anticipated that the next 4 days are required to complete preparations on the well for flow testing. Executive Director Thomas Kelly states 'The increase in potential net pay will have a significant positive impact on the project providing commercial flow rates can be achieved from production testing.' 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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