Empyrean Energy

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

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!!!!! ;-))

You seem a bit intense here, Big Al.

Not like you, but is it working to your advantage?

Not too intense, sww. I'm just exceedingly wary of these guys and their news releases. They've a history of telling the good and not the bad IMO. Any trust I had in them is long gone.

However, I've done pretty well out of them when I've had a go. ;-)))

Al, it appears that TCEI have more than doubled their acreage over the last few months,with the latest leases only last week and if correct would i believe be
as big a hint as to the potential of Sugarkane. So if it turns out to be so,how many
wells would be required and at what point(production etc)and time scale to confirm a trillion field and also would appreicate your views on an even larger find being confirmed?
tia
cyril

Al if you goto AUT site via the ASX, theirs some interesting news.
cyril

Yawn, nothing much to report, just up 8p (17%).
cyril

GOTO the asx.com/au click on AUT a Major update on AUT 21pages.
http://www.asx.com.au/asxpdf/20070905/pdf/314d0fj2q22q03.pdf
hope this works?
cyril

Empyrean Energy PLC

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

Updated Presentations by ASX Listed Partners - Sugarloaf Prospect, ('Sugarloaf')
Texas USA

"Empyrean advises that two of its ASX listed partners in the Sugarloaf Prospect,
Aurora Oil & Gas Ltd (ASX:AUT) and Adelphi Energy Ltd (ASX:ADI) have today
released updated presentations containing information on the Sugarloaf project.

These presentations have been lodged with the ASX and will be made available on
both companies' websites."

News out, S/L1 (kunde3) casing being run, hopefully results this week?
cyril

From our Aussie jvp's, testing started yesterday(11th).
cyril

RNS out today, + an article on http://www.oilbarrel.com
cyril

Not good news fro our Australian partners? Trouble at the deepest level,screen out? Kennady 1 Horizontal spudded, 45 days approx.
asx.com.au/asxpdf/20070919/pdf/314mjgwlkk1pz1.pdf

Tin hats i'm afraid is the order for the day.
cyril

Link doesn't work, cyril

Empyrean Energy PLC
19 September 2007




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

Sugarloaf Block B Project - Texas, USA
---------------------------------------

Kennedy #1H
-----------

Empyrean advises that the Kennedy #1H exploration well, located in the onshore
Gulf Coast Basin in Texas, USA, commenced drilling at 18:30 hours Texas time on
17 September 2007.

At report time (06:00 hours on 18 September 2007, Texas time) the well had
reached a depth of 565 feet in 17.5 inch diameter hole and was drilling ahead.

The proposed total depth of Kennedy#1H is 17,570 feet (5,360 metres) which
includes a horizontal section of approximately 5,000 feet (1,525 metres) to be
drilled through the Austin Chalk Formation at a vertical depth of approximately
12,000 feet. The zone to be targeted by this horizontal section is believed to
correlate with the producing section in the Sugarkane Field discovery well which
is located some 8 km to the west of Kennedy #1H.

On a trouble-free basis the prognosed drilling time for this well is about 45
days.

Sugarloaf-1 Well

Kennedy #1H is located some 1.6 km from the Sugarloaf-1 well where fraccing and
testing operations were commenced last week. Fracture stimulation of the deepest
of the three zones of gas shows and log interpreted potential gas pay in the
Cretaceous age Austin Chalk Formation was carried out on 11 September. The
fracture stimulation operation terminated early after a premature screen-out
halted pumping after only 6% of the planned proppant was placed in the
formation. The reason for the screen-out is not known.

Proppant in the well bore is presently being washed out by a work-over rig prior
to running tubing to test the zone. Some intermittent gas is being recovered
during this operation. The significance of the gas shows will not be known until
test operations are completed.

Further announcements will be made as results from this test become available.

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.

The frac job has been a wee bit of a cockup then. ;-0

from the little i know about fraccing in Saudi, it is a run of the mill exercise ..... if EME use a similar procedure of HCL+gel or similar, who are the incompetent nitwits who screwed up and will EME have any recourse? - prob not!