Empyrean Energy

Web site : http://www.empyreanenergy.com

http://www.uk-wire.com
Latest RNS, reason for SP rise.
cyril

Interesting release cyril.

If "no conclusion should be drawn" then why release that news? Also, the note regarding gas flares is quite flakey stuff. Company ramping at its best IMO and just the sort of thing that makes you cynical about these outfits.

shadow - as informative as ever with no basis. ;-))

Al i was just recalling some ref to florenscent shows in some previous report,but
can't remember which. However i feel theirs a little more substance to this news,firstly they would have to have had it ok'd by the nomad, along with
their are plans to drill a 2nd well horizontal (this is the 1st time we are
informed this well will be horizontal).So the overall picture looks positive, but not
to get carried away with it until more news is forth coming.
About to check out assie ADI and see if any info their.
cyril

Really Al of course conclusions can be drawn from the release
a) The well is NOT DRY, there is gas there
b) Bottom hole pressures are higher than expected, unless they have actually been drilling for kicks which I rather doubt.
c) Cuttings samples have fluoresced indicating the prescence of oil/condensate

Personally I cannot see how the company can be ramping if they clearly state that no conclusions can be drawn from their descriptions. I will admit the language may be a tad florid but if you are going to bother issuing an RNS their description tells ons a lot more than "there were gas shows".

John

a) Certainly something.
b) I suspected they're underbalance drilling, hence flares. It used to be common in the early 90's, but obviously we're not party to their detailed programme. You may be right, though.
c) Fluorescence means sweet FA, as you know.

It was they who said "no conclusions can be drawn". Read the release - that's why I had that in quotes, you dozy mud man!! ;-0

I'm afraid I see nothing in the release other than a bit of ramping.

Ready to push on past 80p imo

For completeness:


Empyrean Energy PLC
25 July 2007




Empyrean Energy PLC

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

Sugarloaf Block A, Texas USA

TCEI JV Block A # 1 well update

Empyrean has been advised by Texas Crude Energy Inc that the TCEI JV Block A
#1 well, the first well to be drilled as part of the recently announced 16
well deal, continues to drill ahead having drilled to date approximately
1500 feet of the planned 4000 feet horizontal drainhole in the Cretaceous
Carbonate.

The well has encountered encouraging gas shows in addition to fluorescence
in the cuttings. Multiple gas flares measuring between 10-40 feet have been
reported during the circulation of bottoms up accumulations as the mud
weight has had to be substantially increased.

The well is planned to be drilled 4000 feet horizontally (about 15500 feet
measured depth) after which appraisal and analysis of the hydrocarbon shows
encountered during drilling will be carried out. Although encouraging, no
conclusions should be drawn from these gas shows, fluorescence and flares
until the drilling is completed and testing operations have been conducted.
Further updates will be provided as relevant information comes 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:
Charlie Geller/ Ed Portman
Conduit PR
Tel: +44 (0) 207 429 6604/
+44 (0) (797) 006 7320

Empyrean Energy plc
Tel: +44(0) 207 182 1746

Rod Venables/ 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

The well operator is ConoccoP, a major oil company, they are now drilling a
horizontal, having drilled to 11500ft vertically (their is every chance they will have tested the vertical 1st)before drilling the horizontal which as we know is 1500ft of 4000ft(nice length).40ft gas flare is indicating high pressures along with the need to increase mud (substantually)weight,is most encouraging. Now lets go back to
yesterday's aussie news, fraccing is expected in mid August,hmm seems to tie in with todays news. Still not a no brainer but i feel a lot more comfortable at this
minute.
cyril

Al
Unfortunately in these days of mass regimentation, EME are not allowed to say "looks like its going to be a real rip roaring barsteward" even if they think it.
The RNS has probably pretty much been written by the NOMAD anyway.

Heaven forbid that we be allowed to spend our money how we want, unless we get 47 health warnings first.

Great new coming this week.

Watch this space.

i sold out friday..too many folk pumping this dog...could get messy

EME helped me win this competition for July, my 2nd success.
www.stockchallenge.co.uk
cyril
ps
maestro, so did Guy Thomas an alias of yours i believe.

Nice one Cyril :o)

ttt

Just thought I'd stick this up the bb a bit as I found it about 5 pages down. Pretty obvious given the price movement this past 10 days.

Two posts below with the latest news. ;-0

Empyrean Energy PLC
06 August 2007




Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))

Project Margarita, Gulf Coast Texas USA
---------------------------------------

Agavero flows gas on production test at rate of 642,000 cubic feet per day
Dona Carlota discovery connected to sales pipeline
Climaco encounters gas shows whilst drilling

AIM quoted Empyrean Energy PLC today announces the following update with regards
Project Margarita:

AGAVERO WELL

Successful production testing has been completed at the Agavero well with an
initial flow rate of 642,000 cubic feet of gas per day being recorded on 10/64'
choke.

The well will now be tied into a nearby pipeline that crosses the lease to
commence sales.

DONA CARLOTA WELL

The Dona Carlota well has now been successfully connected to the gas sales
pipeline and sales have commenced.

CLIMACO WELL

The Climaco well has reached a depth of 1,830 metres. Recent gas shows of up to
10 times the background gas reading have necessitated an increase in the
drilling mud weight. The present plan is to raise the mud weight and then drill
ahead to the anticipated total depth of 2,067 metres.

Empyrean Energy PLC
09 August 2007



Empyrean Energy PLC

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

Project Margarita, Gulf Coast Texas USA
---------------------------------------

Completion of the shallow drilling program at Project Margarita

AIM quoted Empyrean Energy PLC today announces the following update with
regards Project Margarita:

Empyrean has been advised by the Houston based operator, Wandoo Energy LLC, that
drilling operations on the three programmed wells within the second phase of the
shallow drilling program of the Margarita Gas Exploration Project have
concluded.

Drilling of these last three wells resulted in 2 commercial gas discoveries
which had been or are currently awaiting connection to gas sales lines. The
discovery wells were Dona Carlota and Agavero with an interpreted gross
recoverable resource of 1.3 billion cubic feet of gas. The Climaco well was
plugged and abandoned after penetrating the objective section and encountering
gas shows, however the gas shows were determined to be non commercial after
running wire line logs. The table below summarizes flow rates and the status of
these phase 2 wells.

Prospect Total Current Status
Well Flow Rate
Depth mscfd
metres
--------------------------------------------------------------------------------
Dona 1,524 500 Gas discovery, well currently producing to sales gas
Carlota (on line. Plan to increase sales rate to approx. 1
sales) million cubic feet per day after treatment to the
well bore scheduled within one week.

Agavero 1,341 647 Gas discovery flow tested 0. 647 million cubic feet
(on flow per day awaiting tie into sales gas line. Gas sales
test are expected to commence within one to two weeks.

Climaco 1,858 No Flow Plugged & abandoned as non commercial gas well.
Test

Commenting on the Margarita Gas Exploration Project outcome, Tom Kelly,
commercial director of Empyrean said:

'A success rate of 3 commercial discoveries from 6 wildcat wells is a terrific
result given that industry statistics are about 1 from 12.

US gas prices are strong and we expect to have approximately 2.3 million cubic
feet of gross gas production per day from all three wells combined - this
initial production and cash flow is a great result'

Participants in the Margarita Project are:
Empyrean Energy PLC* 44.00%
Sun Resources NL# 20.00%
Victoria Petroleum NL# 20.00%
Wandoo Energy LLC + 16.00%
Total: 100.00%

# ASX listed
* AIM listed
+ USA Private Interest

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.

I'd take issue with the "great result" bit. The area being drilled is very well known and 3 from 6 is average at best IMO. As for the numbers, 44% of everything together will provide cashflow, but hardly company-making is it?

........... but then the chart says it all really, I guess. A bit of leveraged trader froth last month and they move on? ;-))))))

Hello?

Expect an RNS later today? news from our JVP's is that fraccing of S/L1 is expected
to commence EOM, with S/L2 expected to spud mid Sept.
cyril