Empyrean Energy

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

The announcement below certainly says a lot about the company. EME just send out RNS without checking. And inaccuracies to phone numbers, I thought those are basics to running a company. I guess they don't communicate much with their Conduit PR or HB-corporate. Poor management.


Empyrean Energy PLC
11 January 2007


11 January 2007

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

Project Margarita, Gulf Coast Texas USA

This announcement amends the Drilling Update submitted to RNS on 10 January
2007 at 7.18am with RNS number 2694P. The need for amendment arose as the
original announcement contained inaccuracies as to phone numbers and the date of the last report.

AIM quoted Empyrean Energy PLC today announces that operations are ongoing on the El Viejito Prospect on Project Margarita, South Texas, USA.

Current well depth at 07.00 hours Australian WST, Tuesday 9 January 2007 El Viejito #1 is 1,129 metres.

Basal Frio and Vicksburgh targets are below 1,524 metres. It is expected that
once final depth of 1,920 metres is reached the hole will be logged and a
decision will be made to test target zones of interest and run 2 7/8' tubing
as the completion string.

Since the last report of 21 December 2006 there has been an extended Christmas break and a crew changeover following the break. All programmed wells are being drilled on a turnkey basis at a fixed price for the joint venture and any costs over the fixed price due to drilling delays are to the contractor's account. A
further update will be made on completion of the well program.

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.

For further information:

Laurence Read/Ed Portman
Conduit PR
+44 (0) 20 7429 6605/+44 7979955923

Imran Ahmad/ Cecil Jordaan
HB-Corporate
Tel: +44(0)207 510 8600
Tel: +44(0)20 7538 1166 (switchboard)

Empyrean Energy plc
+44 (0) 20 7182 1746

Loitering on support at 48p mid. Wonder what would happen if you pushed it through.

;-0

48p is too high for EME considering its poor management

well you know my opinion of this stock! ..... do you really want a more readable chart then above? ..... easily posted

All blue, whats the news as I can't find any?

Ready to report on sugar and i must be good going with the buying,1 buyer buying 100,000,must be someone in the know.

The Sugarloaf-1 is virtually ready to announce the amount of recoverable 800BCF. Well testing is in process , following the interpretation of wireline logs which have identified gas saturated sands that may result in a potential reservoir. a lot of activity buying in progress, as news is just around the corner. Then the share price will rally also as Financial Instituations have a placeing of 1.30p.and could pass a great deal higher.?

All blue again, touch wood. Good quantities going through, price should start to rise rapidly soon.

Typical, whilst posting last message, first red for 2000 shares went through.

still not a share for me, but certainly very active today which indicates either someone genuinely knows something or the world and his wife hopoes someone does .... obviously re Sugarloaf ..... as always, be aware that anticipation often or even usually beats actuality hands down

the oil barrell mentioned details that increased efforts are been made to aid the Sugarloaf-1 and margarita sites in Texas , and news will arrive from Australia on the huge reserves have to offer, upbeat to over 115p.

Probably have to react quickly after reading the next RNS whenever that may be.

often better to bank at least some profits beforehand .... but entirely a personal call

Oh...this will move downwards again tomorrow below 48p. Just MMs causing some excitement.

The only reason that the price dropped off towards the end of day, was that the MM's opened the spread to curb buying. Funny to watch but it didn't work. If momentum stays with punters buying then the price should continue to rise. If the sole reason for the rise is someone having a little fun, then they should be locked up for insider dealing, conning the public and blatantly lying just to make money. Very unethical.

cynic...whats your view on IGG?...surely you are not negative on that stock

strange as it may seem, i have never held them .... as a company i like their style and ethos, but that is not the same as wanting to invest there

must be a big threat though to normal brokers...i've stopped using them due to rip off dealing costs and broker boys who never get the best price...IGG must surely be a very tempting bid target before long

will disagree with you, but then perhaps i use them better - i.e. i often phone to deal rather than taking indicated screen price .... that does not at all mean they are "ripping you off" but rather that one can get "that instant" prices rather than just live ..... it also means that i can part fill orders and all sorts of other things, like advice and views etc ...... but i am sure IG will miss your custom

Interesting bounce. Can't see a reason