Drilling Update

Empyrean Energy PLC 01 November 2006 Empyrean Energy PLC ('Empyrean' or the 'Company'; Ticker: (EME)) Sugarloaf Hosston Prospect, Texas USA ------------------------------------- AIM quoted Empyrean Energy PLC today announces that at 6am Texas time on 31st October 2006 the Sugarloaf-1 exploration well, located in the onshore Gulf Coast Basin in Texas, USA, was drilling ahead in 6-1/2 inch hole at a depth of 17,950 feet (5,473 metres). Since the last report on 25th October 2006, the operator has drilled 510 feet (155 metres) of Cretaceous aged limestone to the present depth of 17,950 feet. The requirement for a change of the bottom hole assembly had affected the well progress for the week. The upper part of the primary Hosston Formation target is expected to be reached shortly. As previously advised, based on seismic data and an offset well the Hosston Formation is anticipated to consist of more than 4,000 feet (1,220 metres) of inter-bedded sandstones and shales with the potential for multiple prospective intervals. The proposed total depth of 21,000 feet (6,400 metres) is expected to be reached during November assuming trouble-free drilling. 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 Laurence Read/ Ed Portman Conduit PR Tel: +44 (0) 207 429 6605 / +44 (0) 7979955923 Empyrean Energy plc Tel : +44(0) 207 932 2442 Imran Ahmad/ Cecil Jordaan HB-Corporate Tel: +44(0) 207 510 8600 This information is provided by RNS The company news service from the London Stock Exchange
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