Empyrean Energy

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

jameel this is the news release from Dana Petroleum on Block211/22a (which is next door to Jaguar Block 211/22b). They suddenly farmed it out and nothing major found there. Water bearing with nominal oil shows.

I cannot say whether you should buy or sell, just saying that this is high risk, yes there is a chance it will be a massive find, and also a good chance it will contain nothing much at all.

http://www.dana-petroleum.com/Press/pr_121205.htm

Northern North Sea Exploration 12th December 2005

The exploration well in Block 211/22a (Clachnaben) found the main Brent sandstone target to be present as prognosed. Although minor oil shows were observed, the reservoir was found to be predominately water-bearing and the well is therefore being plugged and abandoned. Dana's technical team continued to work the data from this area right up to the point of drilling and determined this prospect to carry more risk than other North Sea wells Dana is planning for early in 2006. Therefore Dana decided to redirect funds to the important forthcoming appraisal wells in the Babbage and Anglia gas fields and thus significantly reduced its cost exposure to the 211/22a well by farming out just ahead of drilling.

Empyrean made the Independent today:

"Finally, Empyrean Energy ticked 3p better to 54p after it started drilling at its Eagle Oil project in California. Investors can expect an update from the firm's German gas project in the near future."

The SP is on the move again today, anyone know if more news is expected??

Something wonderful is happening!

nkirkup,

Please tell me what. I bought in on Thursday last week and topped up on Friday. There seems to be a lot of movement in the right direction. How far can it go?

Empyrean have a 38.5% stake in the Eagle project in California.

Victoria Oil an Australian company epic VPE, not AIM's VOG have a 20% stake.

For latest drilling news go to www.vicpet.com.au.

Makes good reading

Predateur

nicely up at the close today--news coming anyone think??

Flying today :)

Papal - I am in these heavily as well. Looking VERY nice!!!

Papal - Has any news leaked yet? Whats the goss? Thanks

Nothing leaked at the moment I think, watching the Oz partners shares and nothing up or down by large amount, I think Monday morning will be key, watch for the Oz partners in the drills performance on Monday Oz time, before UK opens.

something must be about to break--very exciting. Papal have you a forward sp estimate-I don't want to be greedy.

With Australian exchange now closed, news could break this afternoon on the eagle well due to be completed today, on the London market prior to Aus opening on Friday.

Pipe break problem, and crop spraying, drilling to resume over the weekend, so no news until next week now.

Latest update (27th Jan) in the PDF file on the link below :

http://www.asx.com.au/asxpdf/20060127/pdf/3v69v0bv32ynt.pdf


moneyplus, on the Eagle Pool, if this first drill finds oil, and its econimically viable to run in production, then a price of over 100p should be easy to see.

thanks pp.

Tree shake or bad news?????

papal have a look at een

Any views on today's market reaction to RNS?? Is it as expected or was the city expecting a more upbeat update?

Said nothing much,no mention of seal,or any find,does it mean found nothing,any views.

Out of interest, anyone know the value of EME if the German locations are taken out of the equation?