Empyrean Energy

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

Hi you, didnt need the parachute (this time)...in at 77p out 1.22p! Didnt buy back in when we spoke but have a few now......waiting in the wings b4 I decide :>)

now xmas...if you mean the do well i told meany Ian i was going but he hasnt put my name up coz i dont know what i want to eat yet....cept you of course (it's my turn....yum yum)

Thanks for the explanation Big Al.

Very helpful and at the time too.

If I can find it again, I will post something on the GBP thread for you to look at and hopefully comment.

Empyrean Energy PLC
18 October 2006




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


Sugarloaf Hosston Prospect, Texas USA
-------------------------------------


AIM quoted Empyrean Energy PLC today announces that at 6am Texas time on 17th
October 2006 the Sugarloaf-1 exploration well, located in the onshore Gulf Coast
Basin in Texas, USA, was at a depth of 17,000 feet (5,183 metres) and the
operator was preparing to run 7 inch liner to be tied back into the 9 5/8 inch
casing set at 14,480 feet (4,415 metres).

Since the last report, the well drilled 2,520 feet (768 metres) of 8 1/2 inch
diameter hole, mostly in a Cretaceous age limestone, which was a secondary gas
target in the well. In this interval, several methane-only gas shows were
obtained. In order to isolate the extensive interval of limestone in
anticipation of higher pressures in the Hosston Formation target, drilling was
halted at 17,000 feet (5,183 metres) to enable a 7 5/8 inch liner to be run and
cemented in place.

Wire-line logs have been run over the interval 14,480 to 17,000 feet (4,415 to
5,183 metres) and preliminary interpretation indicates the presence of a few
thin zones of interest. A decision as to whether any zone is sufficiently
attractive to warrant production testing will be made by the joint venture once
the well has reached total depth and final logs are available.

After the 7 inch casing has been run and set, drilling will resume towards and
into the primary Hosston Formation target, which is expected to be reached
within a few days. Based on seismic data and an offset well the Hosston
Formation is anticipated to consist of more than 4000 feet (1,220 metres) of
inter-bedded sandstones and shales with the potential for multiple prospective
intervals.

The proposed total depth of 21,000 feet (6,400 metres) is expected to be reached
during November assuming trouble-free drilling



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

Thought there'd have been a bit more comment today on this. Certainly moved the price earlier. ;-0

How can anyone comment on "thin zones of interest". As you say, the sp reflects the general feeling here.
All disappeared to other ventures. Maybe RKH, as they have found oil.

Thought we had "long term holders", HARRY. ;-)))

We do. I have still got 13000 shares, but currently showing a loss.
I will hold on, but confidence is not high & I am sure that cynic and others would probably advise me to cut & run & make better use of the money elsewhere!
As you said earlier, Al, a comedy of errors.

not necessarily Harry, as long as you recognise that this company's credibility is at best "under close scrutiny" ...... i held the shares for quite a long time, but am glad to have got out at just under 100 some months back ..... i no longer have faith in the company, or put another way, i think the chances on EME bringing home the bacon are becoming ever slimmer.

We are all getting hungry now...

Cynic can you please explain what you mean by this company being under close scrutiny.Or is this just scare mungering.

tcdmct ..... i actually wrote "this company's credibility is at best "under close scrutiny"" ...... i suppose i should have prefaced that by "imo" , though i thought it pretty obvious .... IMO (lest you shoiuld miss it!) EME has consistently failed to live up to expectation for several months past and therefore IMO, its credibility leaves something to be desired.

Cynic nothing but rednecking again, eme as risen on a 500K trade from yesterday, as possible commercial gas at the sugarloaf-1. Any more large trades will push this company upwards and forwards.

hoodie broker advised to sell..so that means a strong buy

shadow .... as is often said here, DYOT ..... there is a HUGE difference between possible and actual, which does mean to say that actual will not eventually materialise .... but not tomorrow or Monday!

All we're seeing now is a bit mopre volatility. If you want to trade it, then do. ;-)))

maestro - you are a f***wit. ;-0

get in before wednesday...or regret for ever

we will see...EME has not been doing well lately...I doubt it will have a steady rise

Had to go quite far down the BB to find this thread.

Two updates, including today's, since any posts and to my amazement that includes maestro, who was waiting patiently for Weds 25th October judging from post 489. Anyway, I digress, but how fickle are some, eh?

Strange RNS today. Apparently it's bad news to have tripped for BHA. You have to do it some time! Neutral RNS IMO. ;-)

I've no position at present BTW

ASX RELEASE
09 November 2006
Eureka Energy Limited (ASX:EKA, Eureka or Company)
SUGARLOAF-1 GAS INDICATIONS
Eureka Energy Limited advises that at 6am Texas time on 8 November, the Sugarloaf-1 exploration well was drilling ahead at 18,361 feet (5,597 metres).
Two gas shows over an aggregate of 79 feet (24 metres) were obtained while drilling sediments, probably of Cretaceous age, between 18,192 feet and 18,315 feet. Total gas readings peaked at 295 units from a background of about 30 units, and chromatography indicates the gas consists dominantly of methane (C1), with ethane (C2), propane (C3) and trace butane (C4).
The economic significance of these gas indications will not be known until wire-line logs, programmed to be run after the well has reached total depth, have been interpreted and flow testing, if warranted, has been evaluated.
Drilling is continuing towards proposed total depth of 21,000 feet (6,400 metres).
Participants in the Sugarloaf-1 well are:
Eureka Energy Ltd 1
12.5%
Texas Crude Energy Inc (Operator) et al 2
41.5%
Aurora Oil & Gas Limited
20.0%
Adelphi Energy Ltd
20.0%
Empyrean Energy plc
6.0%

all looks very neutral at best to me, though i note sp has had a sudden rush of blood to the head