PapalPower
- 21 Nov 2005 08:12
hlyeo98
- 06 Apr 2006 08:13
- 169 of 2087
Everybody just sit tight as more good news on the way
M2M2
- 06 Apr 2006 08:43
- 170 of 2087
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
ellio
- 06 Apr 2006 09:12
- 171 of 2087
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!!
hlyeo98
- 06 Apr 2006 12:43
- 172 of 2087
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."
TheMaster
- 11 Apr 2006 12:46
- 173 of 2087
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?
niceonecyril
- 11 Apr 2006 20:38
- 174 of 2087
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
hlyeo98
- 12 Apr 2006 10:02
- 175 of 2087
Yes, patience is all we need and I think now is a good buying opportunity
Mr Mole
- 13 Apr 2006 10:05
- 176 of 2087
We have oil!!
Mr Mole
- 13 Apr 2006 10:06
- 177 of 2087
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
hlyeo98
- 13 Apr 2006 17:23
- 178 of 2087
Great news...time to accumulate more...looking cheap at 125p at this rate of more good news to come.
niceonecyril
- 13 Apr 2006 22:03
- 179 of 2087
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
hlyeo98
- 14 Apr 2006 09:53
- 180 of 2087
Yes, Cyril...those who sold at 100p will be kicking themselves for having no patience...more RNS coming up soon.
niceonecyril
- 18 Apr 2006 07:15
- 181 of 2087
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
tcdmct
- 18 Apr 2006 13:21
- 182 of 2087
I have heard reports that the weather may be holding things up for at least 2-4 weeks,please advise
niceonecyril
- 18 Apr 2006 14:26
- 183 of 2087
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
hlyeo98
- 18 Apr 2006 18:05
- 184 of 2087
Tuesday April 18, 09:25 AM
Empyrean results prompt further gains
LONDON (ShareCast) - Volatile Empyrean Energy posted fresh gains today after the group said it had encountered oil shows over a horizontal measured interval of 98 feet while drilling the curved part of the Eagle North-1 well in California.
The AIM listed firm said the forward plan is to drill a 3 3/4 inch horizontal well bore for a distance of approximately 320 metres to within 30 metres of the Mary Bellocchi-1 oil well.
This horizontal stage will evaluate the potential of the oil bearing sand and result in a planned measured depth of 4,600 metres.
Executive director Tom Kelly said, "We are pleased with the recent progress of completion operations and look forward to the next stage of horizontal drilling before setting production liner to test."
tcdmct
- 18 Apr 2006 21:48
- 185 of 2087
Thanks Cyril
hlyeo98
- 27 Apr 2006 08:11
- 186 of 2087
News is imminent now...up 11p today
hlyeo98
- 27 Apr 2006 08:44
- 187 of 2087
Empyrean Energy PLC
27 April 2006
Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Drilling Update
Further oil shows encountered whilst drilling at Eagle North-1 in
California, USA.
Increased total gas reading associated with the oil shows.
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 1830 hours Central Pacific Time 26 April 2006, the
current operation at Eagle North-1 horizontal well was preparing to drill ahead
in 4 1/8 inch hole in the horizontal well bore at 4,308 metres (14,132 feet)
measured depth (md kb) in the lower Mary Bellocchi Gatchell oil sand after
encountering further good oil shows in the target sand from 4,297 metres (14,097
feet) to current depth of 4,308 metres (14,132 feet). The well bore is currently
at an angle of 89.7 degrees from the vertical.
The operator has advised that the oil show in the target sands was accompanied
by the inflow of oil into the well bore on a flow check as seen from good yellow
oil fluorescence in the oil cut drilling mud and an increase in total gas from a
background of 2 units to a maximun of 550 units with associated heavier
hydrocarbons.
The operator has also advised that the increase in drill rate from 8 ft/hr to 70 ft/hr indicates friable and porous sand at this vertical depth of 13,622ft TVD KB.
The forward plan is to increase the drilling mud weight (depending on formation
properties encountered) and drill ahead in the target Gatchell oil sand over a
distance of approximately 320 metres until the planned measured depth of 4,600
metres (15,090 feet) is reached.
As planned the horizontal well bore will then be completed for production testing with a 2 7/8 inch slotted production liner.
cynic
- 05 May 2006 10:43
- 188 of 2087
The movements on this share have been very interesting to watch (or to terrify!) over the last couple of months ....... Initially, there was significant hype (to about 150) and then badly burnt fingers as the sp plunged (to about 100) merely because there was a legit delay in getting a result on the hor drilling at Eagle 1 ...... Since then, there have been a couple of sensible progress reports from the company and the sp has ticked up similarly ...... All breaths are now being held that the final flow results will meet expectations .... I guess that announcement should come in the next week or so.
There is also the potential and alleged jackpot of significant gas at the Glantal project in Germany ..... No news there for some time now, but I guess no news = just that rather than anything negative.