Empyrean Energy

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

1M + more shares coming onto the market, exercising of warrants @ prices of 20p and 35p.
2517

Nice recovery today (on not much volume). Those on the iii boards are speculating that good news is just round the corner and also that share is oversold. It seems reminiscent of the shenanigans on the VOG SP a couple of months ago.

Yep, difficult to understand this one, hardly expensive, total mkt cap is 35m!

Good buying opportunity at this price of 100p

Empyrean Energy PLC
06 April 2006



Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Farm-in Agreement for Gas Exploration - Texas, USA


Acquisition of 6% working interest in the Sugarloaf Hosston Prospect,
South Texas
Multi trillion cubic feet gas target - 0.97-2.3 TCF
Farm-in agreement with Texas Crude Energy, Inc (Operators)
Drilling scheduled for Q3 2006


AIM quoted Empyrean today announces that it will participate in the Sugarloaf
Hosston Prospect, South Texas, USA ('the Project') following a farm-in agreement
with local Houston based operator/explorer Texas Crude Energy, Inc.

The Sugarloaf Hosston Prospect (Cretaceous) is a 20,000 acre 4-way closure with
multi trillion cubic feet ('TCF') gas potential in one of the most prolific
hydrocarbon provinces in the world. An independent expert has estimated that the
Sugarloaf Hosston Prospect could contain a P50 (probability 50%) reserve of 0.97
TCF gas, with the P10 assessment estimated at 2.3 TCF gas.

Texas Crude Energy will be the operator of the project and plan to have an
initial well drilled to a total depth of 21,000 feet commencing during Q3 2006.
The large anticlinal structure is well defined by some 24 lines of re-processed
2D seismic data. The target Hosston Sands are in the lower cretaceous and are
predicted to occur at 17,000 feet. Drilling is estimated to take 110 days to
this depth.

The terms of the agreement with Texas Crude Energy are for Empyrean to pay 7.5%
of the costs of the initial well (including lease costs and operating expenses)
until payout after which Empyrean's working interest reverts to 6.0% (4.26%
NRI). The initial well is expected to cost a total of US$6 million with lease
costs and completion costs a further US$4 million. Empyrean's share of this
expenditure is estimated at US$750,000.

Commenting today Tom Kelly, Executive Director states 'The participation in the
Sugarloaf Hosston Prospect allows Empyrean exposure to a potentially massive gas
resource. The profile of this prospect is in line with our strategy to develop
high value energy projects in politically stable countries with high levels of
infrastructure and healthy domestic energy markets. We look forward to seeing
results from the Project later this year once drilling commences in Q3 of 2006.
This is an exciting and busy time for our company with horizontal completion at
our Eagle Oil Pool Development Project in California underway and testing at the
Glantal Gas Project in Germany commencing soon and drilling at the Sugarloaf
Hosston Prospect enhancing the portfolio.'

Everybody just sit tight as more good news on the way

This is fantastic news - the only way is north from now on - think this is going to attract a lot of buys over the next few days and sp less than the placing - its a bargin IMHO

2 very real

What really annoys is that people new this was coming and the mm's deliberately ramp the price down big style to frighten the investors off and suck up the shares, then they ramp it up again, to some extent this is a form on insider dealing, not that it will ever get proved!!

Empyrean takes Sugarloaf Hosston interest
LONDON (ShareCast) - Empyrean Energy (LSE: EME.L - news) was on the move today as it said it will participate in the Sugarloaf Hosston prospect, Advertisement

Texas, following a farm-in agreement with Houston based Texas Crude Energy.

The Sugarloaf Hosston prospect is a 20,000 acre 4-way closure with multi trillion cubic feet (TCF) gas potential in one of the most prolific hydrocarbon provinces in the world, said the group.

An independent expert has estimated that Sugarloaf Hosston could contain a P50 (probability 50%) reserve of 0.97 TCF gas, with the P10 assessment estimated at 2.3 TCF gas.

Texas Crude Energy will be the operator of the project and plans to have an initial well drilled to a total depth of 21,000 feet commencing during the third quarter of 2006.

Empyrean will pay 7.5% of the costs of the initial well until payout, after which its working interest reverts to 6%.

The initial well is expected to cost a total of $6m with lease costs and completion costs a further $4m. Empyrean's share of this expenditure is estimated at $750,000.

Executive director Tom Kelly said, "The participation in the Sugarloaf Hosston Prospect allows Empyrean exposure to a potentially massive gas resource."

"The profile of this prospect is in line with our strategy to develop high value energy projects in politically stable countries with high levels of infrastructure and healthy domestic energy markets."

"We look forward to seeing results from the project later this year once drilling commences in Q3 of 2006," he added.

"This is an exciting and busy time for our company with horizontal completion at our Eagle Oil Pool Development Project in California underway and testing at the Glantal Gas Project in Germany commencing soon and drilling at the Sugarloaf Hosston Prospect enhancing the portfolio."

No drilling report for the last 12 days, perhaps they are having problems with the new Eagle horizontal bore and still no news on the German Gas project?

From another board, drilling within 100/140ft of completing the radius.It is slow
but steady and they are running a 4.5" liner, so after Easter seems to be the fav
for news? Lets hope sooner, but patience is required at this moment.
cyril

Yes, patience is all we need and I think now is a good buying opportunity

We have oil!!

Empyrean Energy PLC
13 April 2006



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

Drilling Update

Good oil shows encountered whilst drilling at Eagle North-1 in
California, USA.
Oil encountered is in the target lower Mary Bellocchi oil sands.

AIM quoted Empyrean Energy PLC today announces the following update on the Eagle
North-1 well, California, USA:
Victoria Petroleum NL as operator for the Eagle North-1 horizontal well in the
Eagle Oil Pool Development Project in the San Joaquin Basin advises that at 2300
hours Central Pacific Time 12 April 2006, the current operation at Eagle North-1
horizontal well was drilling ahead at 4,272 metres (14,015 feet) measured depth
after encountering oil shows in the target lower Mary Bellochi oil sand.

The operator has advised good oil shows for the drilling conditions were first
seen in drill cuttings at 4,255 metres (13,960 feet ) measured depth (4,152
metres TVD KB) and continue to be present.

The forward plan is to drill another 25 metres to 4,293 metres (14,085 feet) and
then pull out of the hole to run 4 1/2 inch casing. The well bore is currently
at an angle of 87 degrees from the vertical.

With the Kreyengagen Shale behind the 41/2 inch liner, the Gatchell target oil
sands will be drilled with a normal pressured water based KCL-Clarizan mud
minimising formation invasion and maximing the evaluation of the oil bearing
potential of the oil sand.

Following setting of the intermediate 41/2 inch liner, a 3 3/4 inch horizontal
well bore will then be drilled over a distance of 320 metres to within 30 metres
of the Mary Bellocchi-1 oil well. This horizontal well bore will then be
completed for production with a 2 7/8 inch slotted production liner.

A further update will be made as information becomes available.

Executive Director - Tom Kelly commented 'This type of oil show is extremely
encouraging and we look forward to being able to provide a further update as our
completion operations progress.'


The information contained in this announcement has been 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

Laurence Read/ Angus Prentice
Conduit PR
Tel: +44 (0)207 429 6603
Mob: +44 (0)7974 982 512

Imran Ahmad
Toby Howell
HB-Corporate
Tel: +44(0)207 510 8600

Empyrean Energy plc
Tel : +44(0)207 932 2442










This information is provided by RNS
The company news service from the London Stock Exchange

Great news...time to accumulate more...looking cheap at 125p at this rate of more good news to come.

hlyeo;
Would be surprised if 125p was available on Tuesday, no Bank Holiday
in America. That makes 5 days of drilling, which leads me to believe that we
can expect another RNS or drilling update at least.
cyril

Yes, Cyril...those who sold at 100p will be kicking themselves for having no patience...more RNS coming up soon.

A very positive update on Eagle,GOOD OIL SHOWS, horizontal at 87 degrees.
Casing and preparing for completion.
A last chance to get in, should have flow rates next week assuming all goes
according to plan.With the difficult part completed i feel very confident on
the result, so have much flow seems to be the question, we need the answer to?
cyril

I have heard reports that the weather may be holding things up for at least 2-4 weeks,please advise

Checked weather for Fresno, which seems to be the nearest city to
San Joacquin, weather seems perfect.
Temp in the 70's and little rain. 1st problem with weather i've heard,
so not worried.
cyril