Empyrean Energy

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

Got lucky again then.

;-))

Oi! might have to come to the xmas do just to give you a slap :>)

got to say though most of mine are red today, cept this!

Now that I would enjoy. ;-)))

Yeah and the rest! new rule this year...only SOFT biting

Proactive doing a new article on EME at the mo

nibble, nibble. ;-)

Well back from a weeks holiday,to find we have flows from the previous thought of
duster S/L1. For me this is just what what i wanted to hear, although small the
last 5 hours of 39 barrels of condensate gives a positive slant to the whole
project. The 2 upper zones must now be given greater chance of success,and i
believe that theirs more to come from the lower level?
Other pieces of info which excites,
In addition the Kennady well appears to have gas zones which correlate wih the
gas discovery well on "Block A" nearby,and we look forward to analysis of the Electric logs and testing.

The vertical well encountered gas shows that correlate with the gas shows seen in the S/Loaf-1 well "Block B".

From the latest RNS(2 in 2 days), all 5 wells have gas shows whist drilling.

All seems positive to me, so feeling quietly confident. aimo
cyril

cyril

EO. has great newsflow.

EME has crap newsflow.

Too late now, but is it .............................. ?

;-))

Al must agree on EO., checked it out sometime ago, although looking more at
STAR at the time. Lost it somewhere along the line.
Only time will tell on EME as far S/L & S/K is concerned,but they have other prospects including Eagle which i believe will come good?
cyril

From a well respected frac engineer of 35 years experiance.

The reduction of flow will be due to the expelled Nitrogen running down, but the fact that gas continues to flow that they proved that the frac job managed to
connect various natural fractures in this formation and thus it could well produce very very much more after horizontal drilling.
Sums up
IMHO This is appears to be extroardinary good news in such a well and vindicates their decision to frac.
cyril

i post below a 3 month chart for you all ..... it's very easy to read, and were i a holder, i would be very pleased to see that, after a period of stagnation, sp has just about broken upwards ..... the question now is whether or not that can be sustainmed and built upon

cynic thanks, i feel in the next couple of weeks news will do just that. Its a little
unfortuate that this latest good news coincides with poor market trading, as i believe 60p+would have been achieved?
cyril

What's up today?

just a lot of unscrambling all round i would guess

Well I've punted long for some possible short term gain.

chart gets a bit tight around 40

WINS messing about and not sure why.

Certainly the big reversal today makes a bit of a mess of that higher low. Still, we'll see what happens.

Aha! Now we see the reason. Sugarloaf-1 zone is effectively a duster, by the way, but we knew that last week. ;-0


Empyrean Energy PLC
20 November 2007




Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Sugarloaf Prospect, ('Sugarloaf'), Block B, Texas USA
-----------------------------------------------------

Kennedy - 1 Well electric logs indicate several extended zones of
potential gas pay for testing


Empyrean, the AIM listed oil and gas explorer and producer with assets in
Germany and USA today announces the following:

Kennedy - 1 Well
----------------

Well logging operations over the open horizontal portion of the Kennedy-1 well
have been completed and a 4-1/2 inch liner is presently being run to the
measured total depth of 16,750 feet.

Interpretation of the logs indicates several extended zones of potential pay in
the Austin Chalk upper zone. A liner is presently being run as the first step in
an extensive fracture stimulation and testing program.

The Kennedy-1 well log results are encouraging. We are still in the early stages
of appraising a new reservoir and stratigraphic play which will require the
careful selection of a fracture stimulation program to optimise the flow and
recoverability of hydrocarbons from this horizontal well. A further update will
be given when the date for commencement of the fracture stimulation and testing
program becomes known.

Sugarloaf-1 Well
----------------

The well is currently shut-in and the Operator is preparing to run completion
tubing in order to carry out longer term production and pressure tests.

Since the last report on Wednesday 14th November, gas and condensate production has continued to decline and gas, condensate and water flows became
intermittent. During this test period gas was produced at a maximum rate of
387,000 cubic feet per day. A total of 51 barrels of condensate and 391 barrels
of water (mostly frac fluid but with formation water being produced in the
latter stages of the test) were also recovered over the period.

Analyses of the formation water are characteristic of a formation below the
Austin Chalk and it is likely that the frac has penetrated to below the Austin
Chalk target zone and is allowing water production into the well. Further well
testing will be required in order to confirm the source of the formation water
and hydrocarbons.

The Operator, Texas Crude Energy Inc. has advised that it does not expect
further tests to be carried out on the Sugarloaf 2 and 3 (middle and upper)
zones until the test on the Kennedy well has been concluded.

Further updates will be provided following developments.

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.

Sorry Al, should have put that info earlier this am. Its a good idea to go on the ASX
and type in one of the JVP's, as this am, usually gives out the news due to time difference.
cyril

I knew something was up, cyril. Just not what. Still, a wee long to spice up life a bit.

up and down more times than a tarts knickers.