Empyrean Energy

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

cyril, MRP is a funny one, and its got bad sentiment presently, and that bad sentiment will override the ongoing news.

Should news be good and sentiment returns, then it could rise quite a way, however, it all depends on sentiment for MRP imv.

Picking up again, with SL testing due to start next week, I am pretty sure that there is going to be lots of speculative buying again ahead of potential news.

Up again. Will the hype into testing take it back to 60p levels ? Its certainly lively. Next couple of weeks might see the "hype" go into overdrive as the Sugarloaf testing begins finally.

On Line Limits showing strong demand too :

BUY 25K @ 48.8p

SELL 100K @ 47p


L2 is 3 v 2 @45/49

Still a 4p spread. ;-((

Only advertised spread (to make spread betters pay more).

As you can see if trading real shares, it was at that time a spread of 1.8p

I don't spreadbet shares, PP. Haven't done so for years. I do CFDs and real shares when pushed!

Reversed at resistance by the look of it. Doesn't make the chart look too pretty.

Traders cashing ahead of the weekend?

Drop more likely caused by two week delay in testing programme as further delay in arrival of testing equipment. Funny how people seem to sell because of shortage of service company equipment which I would tend to think is a bullish sign for the oil & gas industry.

Service sector yes. ;-0

Still think traders cashing this week's rise. I't bounced high enough. ;-))

Profit taking ahead of the long weekend, they will be piling back in Tue/Wed next week imv.

Empyrean Energy PLC
24 August 2007


24 August 2007
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Sugarloaf Prospect, ('Sugarloaf') Texas USA

Empyrean provides the following update on the Sugarloaf Prospect as provided by
the operator.

Sugarloaf-1 Well

Empyrean has received a further update from the Operator of the Sugarloaf
Project (Texas Crude Energy, Inc. - 'TCEI') on the timing of the upcoming
testing and drilling program for this project.

Due to rescheduling by the contractor providing the frac and testing equipment
required for the Sugarloaf-1 well tests, that operation is now expected to
commence during the week of 10 September 2007.

Proposed Kennedy #1H Well

TCEI has also advised that the rig contracted to drill the next Sugarloaf
Project well (Kennedy #1H) is currently on schedule to finish its drilling
operations on a third party well by early next month. On that basis the Kennedy
#1H well is expected to spud by around mid-September.

The timing for both operations remains subject to the timely release of the
relevant equipment from current third party operations as well as other factors
outside of our control such as weather conditions.

Weather conditions eg hurricane in America may delay things further.

Looks good.

RNS Number:9158C
Empyrean Energy PLC
29 August 2007


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

Sugarloaf Block A, Texas USA
----------------------------

- TCEI JV Block A # 1 well reaches total depth
- Encouraging gas shows throughout the horizontal well
- Gas flares measuring up to 65 feet observed

Empyrean has been advised by Texas Crude Energy Inc that the TCEI JV
Block A #1 well has reached a total depth of 4,400 meters (measured
depth). Current operations are preparing to run casing.

The horizontal well has continued to encounter encouraging gas shows
in addition to fluorescence in the cuttings through to total depth.
Gas shows were observed over approximately 2,500 gross feet. Multiple
gas flares measuring up to 65 feet were observed over approximately
1,000 feet including an interval of about 600 feet that had a constant gas flare.

Further updates will be provided as the timing for testing
operations is confirmed.

Commenting today, Empyrean director Tom Kelly said: " The gas flares
encountered whilst drilling are particularly encouraging as the
drilling mud weight was raised to over 14 pounds per gallon and gas
flares and shows were still observed despite the heavier mud - we
look forward to the results of testing".

Yes great news today,all coming together nicely.SP flying,interesting as to where
it will settle. The real news will be the testing results,if positive this will turn into a very profitable investment.
cyril

Must not forget what the percentage is though Cyril......EME has only a small percentage cut of any positive result.

PP, yes 6% S/L 7.5% for block A and a further 12% for block B which is
expected to spud in next few weeks(kennady1). Now if these are in the trillion
size fields, then we would easily 2 or 3 bag. And of course we still have Eagle
to come along with Margarita thats one hell of a portfolio for such a small Co.
Looking forward to the testing, which will a profound effect, if positive. So a little more patience regd to get the due rewards.
imo
cyril

Not sure there's an awful lot of relevance re mud weight. Why did they have to raise it? Was it gas or was it hole instability? That's either good news or bad news. I suspect the latter as they seem to be setting casing earlier than anticipated if I read it correctly. This horizontal was supposed to be 5000ft, wasn't it?

I'm also still mystified about these flares whilst drilling with mud. I'm missing something obvious. Anyone got any more info on this particular bit?

Al if you go to the RNS from 25th July its states horizontal 4000ft,the total depth given is 4400mtrs in the latest RNS, so not referring to the length of the horizontal. Also worth rereading TK's comments as i don't see it consistant with a problem, and of course theirs the reference to 600ft of constant gas flare?
cyril

cyril - might have got m and ft mixed up - will check, cheers.

As I said, raising MW can have a couple of reasons. I'm just worried hole instability leads to the Eagle Pool fiasco, which has been in limbo for far too long IMO. Wouldn't like to see it happen here as I think they are desperate for the cashflow after all the cockups.

The gas flare thing is still a mystery to me unless they're underbalance drilling. However, that is not consistent with the MW raising comment. I've 26 years drilling under my belt and I'd like to know what they're up to!!!!! ;-))