Empyrean Energy

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

WOW!

A whole 9 ft of pay. Better buy now. ROFLMAO!!!

encouraging news today.

Sounds good today. Will wait and see, though. It wouldn't be the first red herring causing a smell. They're running a tieback string on the other well to have to pressure rating to frac. Seems sensible. ;-)

1354
cyril

MM'S at it again. trades at 33.5p are buys. 33-33.5 true spread.

at 33-35.

Big Al,
I'm interested in something. When you worked in the Austin chalks, did you do any long horizontals. If so did you use conventional mud motor or rotary steerable? Also if you did, did they use water based mud or oil based mud? Third was the Austin chalk normally drilled with water-based or oil-based (where the old angle of the dangle) is not a concern (ie near vertical).

Thanks, in advance

John,

Back then rotary steerables didn't exist so it was motors. WBM from memory. Not sure OBM is OK onshore US. I guess the latter answers #3.

Not sure what you mean by long. 1000 - 2000 ft were about the norm if I remember.

In the late 80's / early 90's it was a big play. To be honest, it's one I beleive was extensivle played out. To that extent what remains is scraps in my view, hence the belief EME will get a wee bit if they're lucky. It'll let them tick over at best. Personally I think it's a flaw in the business plan for amking EME a bigger outfit. All their acreage, be it Texas, California or whatever is all for scraps, nothing more. So far it's playing out that way.

Anyway, where are you these days. Me SNS. EO. doing well ain't they? ;-)))))

Al, try checking out DGO, i,ve posted some interesting info, and i also like TMAN, loads of potential.
cyril

Al,
Funny thing about the States though is start with a small market cap, get enough scraps and you can sell out with a big increase in company value. Apparently EME's acreage is in a fairly neglected part of the Austin chalks. Presumably earlier wells drilled in the same general area had been bummers and the area had been written off. Same sort of even happened in the North Sea, everybody thought all the decent sized fields had been found then along came Edinburgh Oil & Gas with a share in the Buzzard field.

Anyway EME is a complete speculation nothing more.

Currently working on land job near Lincoln, then back to the North Sea.

DGO doing well ain't they? ;-))))) Has a lot more to come if they get a market for their rather large gas resources which is beginning to look very possible.

EDG - I remember it well. I was there for discovery and appraisal. ;-))))))))))

yet again the mm's are recording any buys as sells. again trading under mid.

seems the last hopeful rns has given 0 confidence in the city.

as well publicised, i don't like this company, but actually almost everything has been totally nailed this morning .... except NRK where the bears are being very badly mauled

Report from Aussie partner that Bondi has been P&A'd
cyril

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

more good news then cyril. cant keep up with the flying sp. lol.

Yes they certainly have p&a'd.

Just when I thought the bulls were winning.........

"LONDON (Thomson Financial) - Empyrean Energy PLC was an early casualty among small caps, losing 4 pence to 22-1/2 pence, as it said it will plug and abandon the Raun 1 well at the Bondi prospect in Texas, US.

The news comes after production testing recovered "

Empyrean Energy PLC
11 February 2008


11 February 2008

Empyrean Energy PLC

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





Bondi Prospect : Texas USA

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

Raun # 1 well

The operator has advised that production testing of the two zones referred to in
the Company's release of 10th January 2008 recovered only minor amounts of gas.
The well will now be plugged and abandoned.

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.

Al take a look at OIL,great news.
cyril

cyril

I did some of the very early Brenda wells a few years back for OIL. It doesn't say how much is net pay, but 452ft gross offers a good hit by the look of it.

Meantime, EME has a disaster really.