Sugarloaf Production Update

RNS Number : 6676I

Empyrean Energy PLC

27 July 2012

 

27 July 2012

Empyrean Energy PLC

("Empyrean" or the "Company"; Ticker: (EME))

Sugarloaf Project : Onshore Texas, USA

Production Update

Production

The following is a summary of 30 and 60 day production data recently received for the following wells: at the Sugarloaf Project:

	Working Interest	Total Gas Production (mmscf)	Total Condensate Production (bbls)	Average Daily Equivalent Oil Rate (boe/d)*
Tipton Jonas 1H - 30 day	1.4848%	16.5	15,101	595
Brysch Jonas B 1H - 30 day	0.0355%	12.2	23,590	854
Brysch Jonas C 1H - 30 day	1.0340%	16.2	11,683	479
Brown Dupnik 1H - 30 day	2.7128%	20.8	17,102	686
Holland Opiela 1H - 60 day	0.3517%	22.6	29,202	550

The following wells have had the Average Daily Equivalent Oil Rate recalculated on a simple 6:1 basis and the following average daily rates are as a result of the recalculation:

	Working Interest	Total Gas Production (mmscf)	Total Condensate Production (bbls)	Average Daily Equivalent Oil Rate (boe/d)
Children Weston 1H - 30 day	3%	78.2	21,197	1141
Pfeifer Bell 1H - 60 day	2.0433%	28.2	26,428	519
Kimble Gilley 1H - 60 day	3%	36.5	35,695	696
Adams Tipton 1H - 60 day	3%	36.5	30,890	616
Brysch Adams 1H - 60 day	3%	43.8	35,167	708

Further production results will be released as they come to hand.

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

Empyrean Energy plc 

Tom Kelly

[phone]

Shore Capital

Anita Ghanekar

Edward Mansfield

[phone]

 

END

 

 

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