Empyrean Energy

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

Eagle Pool if good should see a price over 100p. This will not be known on the first drill, only after first being successful and then follow up drilling.

Yes, nothing new in todays announcement, so the new drill completion date of 7th/8th of Feb from yesterdays announcement still holds. The problems and delays with this drill are becoming a concern. I am no longer holding, but may come back in if news is ok.


http://www.asx.com.au//asxpdf/20060202/pdf/3v983xphzq78p.pdf

Another strong end of day rally...

I have read a very mixed bag of opinions on this share

it seems that it could fly up to 100p if the drilling report is favourable in the next couple of days

may get in later today......

any current thoughts would be appreciated

Ok, I'm back in with 10,000 shares.

EME doing well today, anyone know of any rumours, expected news etc??????

going mental

Can someone with access to advfn post any significant news here please. I'm in the dark as to whats going on but the price certainly looks good! My buy was perfectly timed! Any news yet?

There's talk of an RNS on the iii boards...haven't seen it though. Rumours abound of reaching depth on the Eagle Wells in California and news about to break on Glantal in Germany....not holding at the moment...sadly...

I've heard from a reliable source that Glantal has hit something big, results to be out within 2 weeks. But Eagle results will be out by today or tomorrow. Hopefully they have succeeded. If so, share price will be around 1.50!

Aerotus, I will keep you people advised here via ADVFN, who was your reliable source and what did they say, I hope you have more than 10,000.

Level 2 ;- Bid 91 Offer 93

No news as yet, will keep you advised, I have to say it looks very strong, MM's not getting any stock despite Tree shakes x 3 this morning, I expect it to go up again soon and later today as USA comes online.

Thanks stewart - I cannot say who the source is. But there is also supporting evidence that Glantal will be positive as noted by Daz about them stopping drilling before target depth, which indicates that they already know that the seal is intact.

Have to say its looking extremely exciting. Please keep us informed stewart. Cheers!

Whats the latest stewart? Treeshake?

A great day, and still looking very positive. There was a 100K buy at 93.5p at 13:09. Somebody is confident!! You don't buy that amount when the chart is looking so toppy.

Aerotus,

I am sorry all I could not log onto Money AM, I eventually rebooted and just got on,

Level 2 finished strong at Bid 91 Offer 92, someone paid 93p for 16K shares, good strong finish bodes well for tomorrow.

Some good posts regarding Eagle on other board, especially by Gripton and Edgein, ask away anyone, I think we have oil but it's just my thoughts

Look at the last 4 bars of volume on the chart. Significantly increasing volume along with increase in price. Classic sign of imminent good news!

Doubled my holding this morning. Chart has support even at 90p. Somebody knows something about Glantal!

Another very strong performance by EME. Looks like buy orders are still being filled. Despite the barrage of sells near end of day, the price did not waiver.

Looking good.

On lse talk of large oil and gas find today 15/02/06 anyone have news ,

News just in is Eagle Oil Pool and not Glantel (yet..)

Empyrean Energy PLC
16 February 2006



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

Drilling update
Eagle Oil Pool Development Project - California, USA

AIM quoted Empyrean Energy PLC today announces the following update on the Eagle
North-1 well in California, USA.

Victoria Petroleum NL as operator for the Eagle North-1 well has advised that at
0900 hours on 16 February 2006, Perth, Australia Western Standard Time, Eagle
North-1 had been drilled to its total depth of 4219 metres and preparations were
being made to run electric wireline logs to evaluate the hydrocarbon shows
encountered in the well while drilling. The operator anticipates that results of
the wireline logs should be available in 12-18 hours time.

The primary zone of interest for the wireline log evaluation is the target sand
that was circulated up with an increase in gas to a peak of 42 units over a
background of 8 units at 4,167 metres accompanied by an increase in heavier C5
gases decreasing to background at 4,175 metres.



For further information

Laurence Read/ Angus Prentice
Conduit PR
Tel: +44 (0) 207 429 6603
Mob: +44 (0) 7974 982 512

David Newton
HB Corporate
Tel: +44 (0) 207 510 8600

Chris Lambert
Empyrean Energy plc
Tel: +44 (0) 207 932 2442


This information is provided by RNS
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