Empyrean Energy

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

http://www.hoodlessbrennan.com/EasysiteWeb/getresource.axd?AssetID=11268&type=Full&servicetype=Attachment
cyril

RNS Number:7251S
Empyrean Energy PLC
21 April 2008





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

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

- TCEI JV Block A-1 well begins to flow at commercial rates direct to sales
line.
- Well was being prepared for a fracture stimulation program and was not
expected to flow without stimulation.
- Very early encouragement as the well is expected to be stimulated during
forward operations.

Empyrean, the AIM listed energy company with exploration and production assets
in Germany and USA today announces the following initial test results from its
TCEI JV Block A-1well on Block A at the Sugarloaf Project in Texas:

The TCEI JV Block A-1 well unexpectedly began to flow commercial quantities of
gas and condensate during operations to prepare the well for a fracture
stimulation and flow testing program. As of the latest report the well was
flowing at approximately 0.66 mmcfgpd (million cubic feet gas per day) with
approximately 130 bcpd (barrels of condensate per day) and 45 bwpd (barrels of
water per day) with a FTP (Flow Tubing Pressure) of around 2300 psi.

On the present day prices for condensate and gas whilst converting the
condensate to a gas equivalent, the most recent recorded equivalent gas flow
rate exceeds (using a 10:1 conversion) 2.0 mmcfepd (million cubic feet gas
equivalent per day).

The well will now be shut in for a pressure build up test. It is expected that
this well will be fracture stimulated during forward operations. The exact
timing of the program is not known and will depend on how the well performs in
the coming days without stimulation.

Commenting today, Empyrean Executive Director Tom Kelly said "This gas and
condensate flow has come as a very pleasant early surprise as the well was not
expected to flow without stimulation. We could see a multiple on these
production rates if fracture stimulation proves successful. This well also had
liner cemented in place whereas future wells are likely to be completed without
cement using perforated liner slotted into the open hole. We now have 2 wells
flowing commercially from the 5 wells already drilled to date (3 of which are
yet to be tested) further de-risking the project."

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

Rod Venables / Cecil Jordaan
HB Corporate
Tel: +44(0) 207 510 8600

Jonathan Charles / Ed Portman
Conduit PR
Tel: +44 (0) 207 429 6611 / +44 (0) 7791 892 509


more good news..........2 out of 2

Missed the rise here....I know I should have got in....well done to holders....stock of the month here !

Great news, derampers quite?
cyril

i'll happily hold my hand up, though i would not describe either myself or BigAl as derampers, but merely purveyors of common sense, even if it upsets the purblind ......

all those guys who have hung onto these shares through thick and thin must now be heaving a huge sigh of relief, though there must still be many who remain well (sorry about that!) out of pocket ...... as is often said, "Even a blind pig will find an acorn sometimes", but whether EME will actually turn into an oak tree is far from proven

UP almost 300% in such a short time,hope you all took my advice and had a dabble on FEP?
cyril

i only ever buy losers!

it happens that both EME and FEP are far too small for me, not least because CFDs demand a minimum cap of 10m ..... in fact, the strong caveat still remains, that these minnows are seriously illiquid .... fine if you only want/have 200/500 invested, but often anything over say 1000 becomes almost untradeable, especially if you want to cash in.

I don't consider myself able enough to trade CDF'S, so i buy by nominnee or
if i am thinking long term, certification.
cyril
ps tried SB, ok in a bull market, but i found to my cost it can turn nasty at the drop of a hat.

WHERE IS EVERY ONE.ALL GONE QUITE UNTIL NEXT SURGE UP OR DOWN.

so were is everyone now,those you said this was not a good buy at 18p am lookin good anyone else buy at same.

cynic

why do u assume so much.....you assume most people out of pocket but even if someone bought a few months ago at say 20 or 30p, they still at least doubled money.

ok, this may have been a long shot but well done to everyone that bought this one recently.

sadly i never bought but its good to see success for others

woaded one .... not sure to which post of mine you refer ...... however, (m)any long(ish) term holders are likely to be nursing significant losses despite the recent rise (and subsequent tick south)

Back up to 60p, not sure what it takes for peeps to understand this is just the beginning? Kennady close to fraccing according to AUT and if that turns up trumps?
Stange quite from some,since such posts as 1399 and 1402.
cyril

Yep back to 60p and you are right, it's just the beginning imo
Positive RNS in the next 2 weeks and this could be $2 +

i wanted to sell at 68 today booohooo,,,,,,,still i can see this at 1.20 soon heheheheheh.......

New article, HERE

http://www.investegate.co.uk/Article.aspx?id=200805070705148458T
cyril

http://www.investegate.co.uk/Article.aspx?id=200805190703257319U
50/50 as to whether this is successful, if so we are in for a real whoosh and
if not will give a great opportunity to top up?
imho
cyril

Possible to buy at 48.5p,could be the last chance for under 50p?
Proactive have a new articlem proably for subscribers.
cyril

for how long do you think crude will keep rising and to what level?
keep that very much in mind, for when a correction comes, as it assuredly will, it will be sharp and very sudden