Empyrean Energy

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

lol



;))

There are very big gaps between them so yes.

What on post since FRiday the 13th? ;-0

Sounds like they've blown a hole in something they shouldn't have. ;-0

Took 'em long enough to tell us. ;-)

Using other thread Al.Coping fracc engineers thoughts?
cyril

Other thread????

Anyway ..................... this does seem silly when it's happened elsewhere in the region.


RNS Number : 4660F
Empyrean Energy PLC
13 January 2010

13th January 2010







Empyrean Energy PLC

('Empyrean' or the 'Company', (EME))




Riverbend Project, onshore Texas, USA







Empyrean Energy Plc is pleased to announce that it has been advised by Krescent Energy Company LLC ("Krescent"), the operator of the Riverbend Project in Texas, that testing at the Quinn-3H well commenced on January 1st 2010.




Since testing began the well initially flowed gas at rates ranging and sometimes in excess of 13-15 MMcf/day over a
continuous 32 hour period, including a brief test flow to the sales line at a choked back rate of 3.2 MMcf/day, after having gone through the separating equipment and whilst still cleaning up. The operator then observed further drilling mud and formation debris including small sand like particles and some pebble sized particles unloading from the well and restricting the flow.




The well is currently shut in whilst the operator is assessing the particles to determine suitability for an acid treatment to assist in the well cleanup process or possibly the use of a coiled tubing unit or workover rig to drill out the blockage and restore the well to production and sales.




The operator advises that other wells in the region have experienced similar characteristics whilst initially cleaning up.




It is expected that Empyrean will receive the forward clean-up plan within the next few days from the operator and we will make a further announcement at this time.




It is important to note that, although the flow rates stated above are accurate observations that have been reported during initial testing, the well was still unloading drilling mud and debris during the time the observations were taken. These rates are accurate observations only and cannot yet be relied upon as conclusive longer term flows until such time as the well is fully cleaned up and the flows and pressures have stabilised.




Empyrean is earning a 10% working interest in the Riverbend Project.










The information contained in this announcement was reviewed by the Technical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who has over 40 years experience as a petroleum geologist.

Looks like you might see 10p today

10p now.

Watching EME, at the current levels, cant stay at this level forever i'm told.
2010 hopefully an EME revival in the making, see it rising up slowly in the weeks ahead, quiet one to tuck away..

hlyeo don't comment!!!

Not unless they have a little more success, I'd suggest.

The problem with good news or success Al is, you ending up buying when the sp has rocketed..but agree if good news is released, then sp will shoot once again..

the problem with EME is that it has a well-founded reputation for issuing good news which is then quickly followed by a more damaging caveat

...and the management leave much to be desired.

I think if you look at a chart of the whole of EME's existence you will see that its early promise has been hit time and again by worse and worse news.

They've failed at every turn and cynic hits it on the head. Each RNS that gives an apparent boost to their chances always has hidden bad news, which ill-informed investors do not see, and is then followed by updated news whereby the "good" of the previous release is almost completely negated.

The price will bounce; it always does with speculative companies, but there are just so many better options around IMO.

Al, I agree the price will most definately bounce, hence I am watching these stocks once again incl EME. I do my own research and follow my own decisions.

Kennedy-1H - Fracture Stimulation Program

Empyrean has been advised by the Operator, Texas Crude Energy Inc ("TCEI"), that the fracture stimulation operations at Kennedy-1H commenced as scheduled on Monday 18th January. The operations thus far have been executed as planned with the fourth stimulation stage out of fourteen underway early on the morning of Thursday 21st January local time. It is expected that the stimulations will be completed next week and thereafter the isolating plugs that are set in-between each stimulation stage will be drilled out with coiled tubing and the well will be flowed back to sales.

Easley-1 H - Commencement of Drilling

TCEI have also advised Empyrean that the Patterson #150 drilling unit has now completed rig-up and the Easley-1H well was spudded on Thursday 21st January. The well is scheduled to include a vertical pilot hole from which additional data on the Eagle Ford Shale will be gathered. The well has been designed with a 4,000 ft horizontal section and will access both the Austin Chalk horizon, which is locally prevalent within the Sugarkane Field and the Eagle Ford Shale when it is subsequently stimulated. The well is located approximately 2km to the north east of the Weston-1H well. The Easley-1H well will be the first new well to be drilled under the farmin agreement with Hilcorp Energy within the Sugarloaf AMI.

A further announcement will be made as significant developments occur.
cyril

EDAY - good plan.

Excellent, it seems 2010 could see the re-emergence of EME.
I bought in before the herd mentality creeps in. The sp has been as high as 1.50+, but i'd be happy to see it break the recent high of 26p, before getting too excited.


In the mean time Further announcements will follow no doubt.....