Empyrean Energy

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

65279;

5th May 2010

Empyrean Energy PLC

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

Sugarloaf Project, ("Sugarloaf"), Block B, Texas USA



Further success at Sugarloaf.



Empyrean is pleased to provide the following update on operations at the Sugarloaf Project within the Sugarkane Gas & Condensate Field, Texas.

Morgan-1H

Following the successful fracture stimulation of approximately 4,400 ft of horizontal section as per the frac design, the Morgan-1H well was flowed back to sales commencing on 27th April 2010. The well production has now stabilised and the following Initial Production rate was achieved:

5.16 mmscf/d Gas & 2,046 bcpd or 31 mmscfe/d



Easley-1H

Following the successful fracture stimulation of approximately 2,750 ft of horizontal section as per the frac design, the Easley-1H well was flowed back to sales commencing on 1st May 2010. The well production stabilised relatively quickly and the following Initial Production rate was achieved:

6.81 mmscf/d Gas & 780 bcpd or 17.9 mmscfe/d

Whilst these initial rates are very encouraging, the following points should be noted:-

These values are the maximum average rates achieved over consecutive 24 hour flowing periods since the wells were brought on line.

The gas equivalent rates have been calculated using a 12:1 conversion ratio and a 25% uplift in the gas rate based on the observed high calorific value of the gas produced within the field to date.

These are initial production rates observed during clean up and as such are not yet indicative of a short or long term production profile.

The wells still have considerable fluids to recover from the fracture stimulation operations.

The wells are currently producing through the production casing. A production tubing string will be installed in due course in each well.



A further announcement will be made as significant developments occur.



Commenting today, Executive Director Tom Kelly said "Hilcorp is doing an excellent job as operator right now. Since their agreement to farm-in they have successfully brought 4 wells into commercial production. The objectives of the farm-out to Hilcorp included achieving a free carry on this appraisal stage of the project and partnering with an operator with the necessary experience and resources to successfully advance the project into the full development phase. These objectives are being met. The initial production rates from Morgan and Easley are at the top end of expectations and the combined gas and condensate rates compare very favourably with initial production rates within the regional Eagle Ford Shale trend. We look forward to the results from the fracture stimulation of the Rancho Grande well in due course."

cyril

Just checking the producing fogures,
Morgan,Easley and Weston have a combined total of
17.65mmcfg/day and 3240bopd now at 3% thats works out at
529500mcfg/da 97.2bopd

Kunde,Baker1 and 2 combined produce,
8.8mmcfg/day and 1910bopd now at 7.5% =
660,000mcfg/day 143.25bopd

The overall total = 1.19mcf/day 240.67bopd to EME
call it 300bopd for ease of working
At $80bo that works out at
300*80*330*0.6612 =5.24m gross/year

EME's M/Cap is less than 12m(with the new placing)and have in the region of 4m in cash. That's my rough calc's?
cyril

and the market says, "how dull!"

Thats what you more or less said of CHL and it has since 3 bagged.
cyril

so keep praying and don't forget to tell us all about all the crap you hold that proved to be exactly that

Oh dear it does seem like i've touched a nerve? lol

As usual posted in your thoughtful,constructive and informative manner.

cyril

touched a nerve?????
if you bought every single penny stock, you would be bound to find a few that performed well
however, eme has a very long history of promising to deliver and then failing dismally to do so .... go take a look at their 3/5 year chart

Too many shares issued at such a low price, unfortunately.

ipse dixit

Unsolicitated takeover offer for aussie JV partner ADI?????
cyril

Finals out.
As the fifth anniversary of Empyrean Energy plc ("Empyrean" or the "Company") listing on AIM approaches, I am pleased to report that the Company is very well positioned to grow and capitalise on both its exploration and "production development opportunities".
cyril

When will this company actually state what its share of production is from its many projects, all in a comprehensible table, or is it too little and therefore embarrassing? No wonder it does not get much attention.

when will you guys walk away from this crock of shit?

Shareure, the latest producing wells Easley,Weston and Morgan are 3%,the combined total rougjly 17.5nncfg and 3200bopd,now awiting fRancho Grande(also 3%) fraccing result. The other roducers,Konde,Baker1&2
are at 7.5% with a combined total of 8.8mmcfg ad 1900bopd.
Fron the ADI's reply to the hostile take over the indepenndent CPR,he believes the value to be worth some 50% nore than offered ob the potential of Sugarloaf.At this valuation EME would come in roughly 10p+2p cash?
the ADI's report can be accessed via the ASX.com.au.
cyril

The Cartwright No.1 well spuds

Empyrean Energy Plc is pleased to announce that it has been advised by the
operator, Krescent Energy Company LLC ("Krescent"), that the Cartwright well
commenced drilling at midnight on 29 May 2010.

The well has now been drilled to 163 feet and currently drilling ahead.

The well is targeting as its primary objective the regionally productive,
fractured Upper Cretaceous Austin Chalk.

A second objective is the Saratoga Formation of the same age.

Cartwright No.1 vertical phase will be plugged back to 14,300 feet, then a
directional lateral will be drilled to a distance of between 3000-5000 feet.

Empyrean has a 10% working interest in this well.

cyril

that'll add massive value to the company and sp!

Total Gas Production (mmscf)
Total Condensate Production (bbls)
Average Daily Equivalent Gas Rate (mmscfe/d)*

Morgan-1H
109.4
38,500
19.97

Easley-1H
125.9
12,212
10.13



* The equivalent gas rates have been calculated to reflect value using a 12:1 conversion ratio for condensate and a 25% uplift on gas equivalent volumes due to the high calorific value of the produced gas.

These additional production figures continue to be very encouraging for the economics of the field.

Rancho Grande -1H

Empyrean has been advised by the Operator that the multi-stage fracture stimulation operation of the Rancho Grande #1H well has now been completed and the well is presently unloading. A production update will be provided to the market once stabilised flow has been achieved.

Kowalik-2

Empyrean has been advised by the Operator that the Kowalik-1 well location will be twinned with a new well, which is planned to spud in July 2010. This decision has been made in light of the sub-optimal original well design for the now preferred completion activities and the previously reported operational difficulties at the well. The Kowalik redrill will be the first of a number of Sugarloaf wells to be drilled during this calendar year where all Joint Venture partners will contribute to costs and derive revenue on a post farm out basis. Because of Empyrean's increased working interest in the original Kowalik well the company will hold an 9% working interest in the planned redrill.



A further announcement will be made as significant developments occur.

cyril

Seems like the management are late again with the todys news?

Rancho Grande #1H
Gas Production Rate 3.19 (mmscf/d)
Condensate Production Rate 1170 (bbls/d)
Average Daily Equivalent Gas Rate 18.00 (mmscfe/d)*

Above rates on reduced choke.
cyril

8th June 2010
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Project, ("Sugarloaf"), Block B, Texas USA


Empyrean is pleased to provide the following update on operations at the
Sugarloaf Project within the Sugarkane Gas & Condensate Field, Texas.
Rancho Grande Initial Production Rate
The Rancho Grande-1H well commenced flow back on 1st June 2010 and has been
flowing on a reduced choke setting. The maximum production rate averaged over a
consecutive 24 hour period has been:-

+-----------+------------+------------+---------------+
| | Gas |Condensate |Average Daily |
| |Production |Production | Equivalent |
| | Rate | Rate | Gas Rate |
| | (mmscf/d) | (bbls/d) | (mmscfe/d)* |
+-----------+------------+------------+---------------+
| Rancho | 3.19 | 1,170 | 18.00 |
| Grande | | | |
| #1H | | | |
+-----------+------------+------------+---------------+
| | | | |
+-----------+------------+------------+---------------+

* The equivalent gas rates have been calculated to reflect value using a
12:1 conversion ratio for condensate and a 25% uplift on gas equivalent volumes
due to the high calorific value of the produced gas.
The intent of producing the well on a reduced choke setting is to investigate
whether limited reservoir drawdown can improve decline rates and ultimate
recovery from the wells. It should be understood that the well is capable of
flowing at a higher rate, but this investigation is part of the ongoing efforts
to optimise the commerciality of the field. In addition, the following comments
should be considered:-
This is an initial production rate that has been observed during clean up
and as such is not yet indicative of a short or long term production profile.
The well still has considerable fluid to recover from the fracture
stimulation.
The well is currently producing through the production casing. A
production tubing string will be installed in due course.

A further announcement will be made as significant developments occur.

Commenting today Empyrean Director Tom Kelly said "This is another strong
production result from recently drilled and stimulated wells at Sugarloaf. These
flow rates, along with the recently reported 30 day production rates from
Easley and Morgan further demonstrate that that the knowledge gained to optimise
the drilling and completion of these wells is now resulting in consistently
strong production rates.

One of our ASX listed joint venture partners - Adelphi Energy Limited (ASX Code:
ADI)("Adelphi") is currently the subject of a takeover offer and the Target
Statement released by Adelphi on 31st May 2010 includes an Independent Expert
valuation that has implications for the value of Adelphi's interest and
therefore indirectly for Empyrean's interest at Sugarloaf. It is the board of
Empyrean's view that with each new well successfully drilled and completed at
Sugarloaf - the project becomes further de-risked and logically the value will
continue to be unlocked. The Rancho Grande result is another well that has
further de-risked the project and unlocked value".
cyril

Peices starting to fit together,along with the SP.

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

Hercules Prospect, onshore Texas, USA.


Bp AMERICA A-740 #1 WELL UPDATE

Empyrean Energy Plc has been advised by the operator, Krescent Energy Company
LLC ("Krescent"), that permitting and "right of way" negotiations with the
appropriate landowners in respect of the pipeline required to be connected to
the BP America A-740 well to the nearby sales pipeline are now complete.

Construction is due to commence imminently to lay the required 4km (approx) of
pipeline. The construction is expected to take several weeks to complete and a
further update will be provided when construction is near to completion and
testing can begin.


Empyrean has a 10% working interest in this well.


Further updates will be provided as significant events occur.

cyril