Sugarloaf Project Update

RNS Number : 2948O

Empyrean Energy PLC

15 September 2011

 



13 September 2011

Empyrean Energy PLC

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

Sugarloaf Project, ("Sugarloaf"), Block B, Texas USA

Empyrean is pleased to provide the following update on operations and production at the Sugarloaf Project within the Sugarkane Gas & Condensate Field, Texas.

Production Data

The following well has been on production for a period of 30 or 60 days and Empyrean is pleased to provide the market with an update on produced volumes during that period:-

Well name	Working Interest	Total Gas Production (mmscf)	Total Condensate Production (bbls)	Average Daily Equivalent Oil Rate (boe/d)*
Jordan #1H - 60 day	3.0%	64,630	39,036	831
Best Fenner #1H - 30 day Pfeifer #1H - 30 day Davenport #1H - 60 day Turnbull #6H - 30 day Best Huth #1H 60 day	3.0% 1.9% 1.40% 1.02% 0.58%	38,725 16,983 53,026 29,026 39,707	20,437 20,019 35,607 18,097 35,810	896 761 740 764 707

*The equivalent barrels per day production rate has been calculated on a simple 6:1 ratio.

Operations

The following wells have commenced production since the last operational update. Empyrean will provide further details when the wells have achieved 30 and 60 day production milestones.

Brysch Jonas #1H (3.0% WI) - The Brysch Jonas #1H well went into production on 10 August 2011.

Yosko Borgfield #1H (1.51% WI) - The Yosko Borgfield #1H well went into production on 14 August 2011.

In addition the following operations have taken place:

Holland Brown #1H (3.0% WI) - The well has been spudded and drilling operations are underway.

Holland Opiela #1H (0.35% WI) - The well has been drilled to a total depth of 16,847 ft. Casing has been run and is presently being cemented in place.

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.

Contact:

Empyrean Energy Plc

Tom Kelly                                                                    Tel: [phone]

Shore Capital & Corporate Limited

Anita Ghanekar                                                            Tel: [phone]

Edward Mansfield

 

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