Drilling Report

Empyrean Energy PLC 20 July 2006 Empyrean Energy PLC ('Empyrean' or the 'Company'; Ticker: (EME)) Glantal Gas Project, Germany - Testing operations start up - Bottom two zones test formation water - Testing of remaining zones in progress AIM quoted Empyrean Energy PLC today announces that testing of the intervals considered to be most likely to produce gas at Glantal-1 well has commenced. Four initial zones have been chosen, commencing with the lowermost interval of 1445-1455m. The operator Pannonian International Ltd ('Pannonian'), a wholly owned subsidiary of U.S.-based Galaxy Energy Corporation (Amex: GAX), has reported that the first test operation was completed on the 15th July 06. A light blow was recorded at the surface and approximately 56 gallons (212 liters) of fluid was recovered in the test string. A sample of formation water was collected from the test chamber and is at present being analysed. Examination of pressure charts recovered after the operation has confirmed that the test was valid. Pannonian has since reported that initial interpretation of the charts has indicated that the permeability of the reservoir may be due to both matrix and fracture. The second zone of 1355-1379m was tested on the 18th July with similar results. No gas was detected and formation water samples have been collected for analysis while pressure charts are at present being examined. Preparations for testing the third zone of 1228-1249m are under way and the results will be announced once analysis of the pressure charts is reported to Empyrean Energy PLC by Pannonian. 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 Angus Prentice/Laurence Read Conduit PR Tel: +44 (0) 207 429 6603 Mob: +44 (0) 79974 982512 Empyrean Energy PLC Tel : +44(0) 207 932 2442 Imran Ahmad / Luke Cairns / Cecil Jordaan HB-Corporate Tel: +44(0) 207 538 1166 This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings