Empyrean Energy

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

cynic,
Can't answer that just passing on info gained from other board.
Probably covered by RNS dated on 21/03/06.
cyril

What does anyone make of the following RNS that came out today? ...... Goodd news, potentially bad news, or no news at all? ......


Empyrean Energy PLC
16 May 2006


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

Drilling Update
Testing operation in Progress at Eagle North-1 in California, USA

AIM quoted Empyrean Energy Plc today announces the following update on the Eagle
North-1 well, San Joaquin Basin, California, USA.

Victoria Petroleum NL as operator for the Eagle North-1 horizontal well advises
that production test operations are continuing.

The test is being carried out over 177 metres of lower Mary Bellocchi Gatchell
oil sand and the interval being tested comprises 72 metres cased behind 4 1/2
inch liner and 105 metres of open hole which is being tested as a barefoot
completion out of the base of the 4 1/2 inch liner at 4386 metres.

Results of the production testing will be made available at the completion of
the operation.

I think it is potentially good news on the way as good oil shows have been shown before.

My only concern is lack of any positive comment; but then if there was, the way would be wide open for disappointment

Cynic

The sun announcement is better. No nitro or coil perforation as they couldn

Cynic

The sun announcement is better. No nitrogen or coil perforation as they couldn`t get hold of one?

So the flow rates will be straight oil flowing to the surface.

No expert but to announce the use of nitrogen and then back track is at best slack.

End of the week will tell.

Regards

Dr Square

I'll concur it is very careless not to have secured a N2 unit if that was in the welltest plan. Unfortunately, the oil business is busy and equipment is often at a premium. Presumably they do have a plan to get the thing flowing - strange no mention of it.

I'd also raise a question as to why they have set 4 1/2" liner halfway through the reservoir thereby drilling the smaller hole and then perforating the liner. This is very unusual to say the least. I'd suspect some technical problem drilling the reservoir section. As ever with small outfits they never tell anything problematic, only the headline good stuff. Hmm.

Cyril, did you see how fluctuant EME this morning? Makes me nervous

CBM,

Its a happening thing.


Caterpillar to power coal methane gas project in China
www.chinaview.cn 2006-05-19 21:37:51


BEIJING, May 19 (Xinhua)-- Caterpillar Inc. (NYSE: CAT) announced Friday that it will work with a Chinese coal mine on a coal methane gas project which is expected to be the largest of its kind in the world.

According to Stu Levenick, Caterpillar group president for China, Caterpillar has been selected to provide 60 methane-gas-powered generator sets to produce 120 megawatts of power at the Sihe Coal Mine in Jincheng City, north China's Shanxi Province.

The Shanxi Jincheng Anthracite Coal Mining Group Co., Ltd. is the project developer for the methane gas power project.

"The residents of Shanxi Province will benefit from this power plant," Levenick acknowledged. "This project is expected to help improve mine safety, reduce greenhouse gas emissions and generate electricity from methane gas."

The entire methane-fired power plant is expected to be fully operational in 2007.

Methane gas is found in coal seams and can be hazardous if not properly managed and ventilated from mines. Historically, the methane has been released into the atmosphere, generating greenhouse gas emissions.

By capturing the methane gas and converting it into electric power, the methane-fired power plant is estimated to alleviate greenhouse gas emissions by 4.5 million tons over a two-decade period, according to Levenick.

China plans to develop coal methane gas into a major new energy resource for this century.

Currently, China's coal methane gas reserves have reached 30 trillion cubic meters, the third largest in the world only after Russia and Canada. Enditem

Editor: Yang Lei

CBM = cow bottom methane! ..... If all cows were culled, there would be significantly less methane or greenhouse gas released into the antmosphere ..... Where are the Friends of the Earth when you need them?

Empyrean Energy PLC
22 May 2006

Glantal Gas Project, Germany

Completion rig secured for testing operations at the Glantal-1 well.
Testing operations expected to commence during June.
4 initial zones prioritised for testing.

AIM quoted Empyrean Energy PLC today announces that a completion rig has been secured to test four initial zones for the presence of gas at the Glantal-1
well, the first well drilled by Empyrean and its partners in the Glantal Gas Project.

Following a comprehensive independent and internal review/analysis of the log
data (including FMI data) four initial zones have been chosen as priorities for the testing operations. Two of the zones have multiple intervals in close proximity within the zone that can be tested together, resulting in a total of eight initial intervals that will be tested over the four zones. Each zone will be tested separately for hydrocarbon content.

The operator of the Glantal Gas Project, Pannonian International Ltd ('Pannonian'), a wholly owned subsidiary of U.S.-based Galaxy Energy Corporation (Amex: GAX) has advised that a German contractor, Koller Workover and Drilling GmbH, has been chosen to provide the completion rig and associated services for the testing operations at the Glantal-1 well. The operator advises that the contract with Koller is in the final stages of review and is expected to be
executed shortly.

Commenting today Tom Kelly, Executive Director, of Empyrean said: 'We are
pleased that a completion rig has been secured for the important and exciting
testing of our first well at the Glantal Gas Project. Pannonian expects that the
testing operations will commence in June 2006 and we will provide a further
update as firm dates become known for the mobilisation of the completion rig to
the well site.'

Cynic, it would be a good start if cows were fitted with pilot lights, enabling them to flare (like oil rigs in the North Sea!) when they flatulate. CO2 is less greenhouse-effective than methane. Problem solved!

And it wouldn't half frighten anyone stumbling home across the fields after last orders, to suddenly be greeted with flamethrowers from all sides!!

furthermore, CO2 is non-flammable so no good for flatulence-flares

Mixed up and jumbled Vic-Pet news out, they now want to delay everything while they find a coiled tubing unit (to effect this they are changing from drilling rig to completion rig which allows enough delay time to get hold of the unit), but on the coiled tubing unit they said they were not going to use this last RNS, but now will use it on todays RNS, which points that although signs are encouraging, it needs more additional work now. I would guess the flows have not been on the "top side" of expecation, and now they are trying their best to minimise the damage from low production flow rates or shows so far, which would explain why the price is now easing backwards and will continue to do so with these latest delays and changes to the plan.

The reason for changing from present rig to completion rig is to save money and also its better "technically speaking" so why were the playing around with the other rig and "we are not using a coiled tubing unit", to now say it saves money with a completion rig and its better and "we will wait for a coiled tubing unit".

The reference to saving money I take it also as a sign a lot more work is required, therefore for this prolonged period of time to production test (months now ?) they need to use a cheaper rig.

The final point I do not like is the line to the effect "we will update the market with results when the process is complete" meaning nothing good to say so far, and they will hide the figures until such time as they have to release if bad, but hope they are good with all the extra work.

Perhaps I am in a bad mood today............but not very impressed with that.

Here is the link :

http://www.asx.com.au/asxpdf/20060523/pdf/3wvsr3qqw8ws7.pdf

Papal ..... I was under the impression that the drilling was a fixed price contract with a 3rd party ..... I am quite possibly or even probably wrong ..... btw, price drop has more to do with panic selling etc that actual news .... Look at VOG; down 30 yesterday for 120% no reason

Empyrean Energy PLC
23 May 2006


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


Operations Update

Testing operation in Progress at Eagle North-1 in California, USA


AIM quoted Empyrean Energy Plc today announces the following update on the Eagle North-1 well, San Joaquin Basin, 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 production testing operations are continuing at the Eagle North-1 horizontal well with results providing sufficient encouragement for further testing.


In order to continue the production testing operations in a much more cost
effective and technically efficient manner, a completion rig is in the process
of being secured. Accordingly the large drilling rig is currently rigging down
to allow the completion rig to move onto site. The completion rig is anticipated
to move onto location this coming week. Following the arrival of the completion
rig on location a coiled tubing unit will then be secured to continue the
production testing operation.

While flows may not be at the top end of those speculated (usually far too high anyway), it looks unlikely that the project will prove uneconomic ...... Anyone disagree with that synopsis?

Would never disagree with cynic.
Especially as I very much agree

Eagle North-1 looks a bit of a bit of a disorganised mess to me. I can find nothing about any flow at all!

This does, of course tie in with the need for a CT unit and N2 in order to lift it. The implication is that the reservoir pressure is insufficient to bring itself on. Has anyone heard if they actually got oil to surface when they opened it up?

Admittedly there is no mention of N2 requirement, but I see no reason why they would need a CT unit for anything else unless the initial test is poor and they need to stimulate in another way.

The RNS above about "cost effective" and "technically efficient" is crap IMO. There's an awful lot more to it and they are not saying.

Al
;-)

From Yahoo GAX bb-

Neues Bergland Gas Permit - Koller
by: tedday69 (34/M/Frankfurt am Main) 05/29/06 03:14 am
Msg: 909 of 910

I understand that Cecil Gritz at Galaxy has concluded the Contract with Koller Workover & Drilling Gmbh at Nienhagen for the testing & completion work at the Glantal - 1 well at Theisbergstegen.
Whether this will prompt a formal statement from GAX this week on the general status of the Glantal program remains to be seen. Certainly there is a lot of excitement in the area at the extent of the gas discovery