Empyrean Energy

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

Mates? Not sure I have any. ;-)))

Still got your BFC? LOL

Empyrean Energy spuds Agavero 1 well on Margarita project
AFX

LONDON (Thomson Financial) - Empyrean Energy PLC said it spudded the Agavero 1 well as part of a shallow drilling program on its Margarita project in the US, adding it sees deep well drilling starting late in the September quarter.

The AIM-listed company said the final wells programme, including completions and production tie-ins, is currently expected to run until the end of August.


I have a couple of questions:

1. I guess "late in the September quarter" means Xmas at the earliest.
2. Completions and production tie-ins? Show me the money first my friends.

Meanwhile, we seem to have tested previous support at 31p from underneath and reversed right there. Oh dear, maestro. ;-)))

maestro ..... Big Al said it all ..... the amazing thing (well, not really) is that you never say exactly when you buy these "whizzers" of yours, thus supporting your boasts.

I like that word

"whizzers" ;-))

Empyrean Energy says bad weather delays Margarita drilling
AFX


LONDON (Thomson Financial) - Empyrean Energy PLC said drilling at the Margarita oil field in Texas has been delayed because of heavy rains.

Drilling at the Agavero prospect would have started on May 20. However, rains and flooding isolated the rig to a nearby location.

'The rig has now been able to move to the Donna Carlota prospect location to commence operations, rather than the Agavero prospect, because floods have now made the Agavero location temporarily inaccessible,' Empyrean said.

Empyrean holds a 44 pct stake in the Margarita project, while Sun Resources and Victoria Energy own 20 pct each. The remaining 16 pct is held by Wandoo Energy.

sounds like time to fill your boots ....... with water, and sink!

Were are you all,normaly there are the ones who will slag off this share when news comes through,i take it they are eating there words now.

Ok give me your thoughts on what price this share will be in 2mths time.
If you dare.


xxxxxxxxxxxxxx

Empyrean Energy PLC
18 June 2007


18 June 2007

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

Project Margarita, Gulf Coast Texas USA

Gas zone drilled in the Dona Carlota-1, Margarita gas exploration
project, onshore gulf coast, Texas

AIM quoted Empyrean Energy PLC today announces the following update with
regards the drilling program at Margarita:

1. DONA CARLOTA PROSPECT


Dona Carlota-1 has been successfully drilled to a total depth of 1,524 metres. A
gas show was observed in the primary target Frio 1.33 sand with interpretation
of the wire line logs indicating a gross gas zone of 13.9 metres and net gas pay
of 5.6 metres over the interval 1,423.2 to 1,437.1 metres with gas on rock and
no water. Production casing has been run to enable production testing of the
well later in the week.

The Dona Carlota Gas Field, based on an interpretation of the 3D seismic data,
has an estimated recoverable reserve of 0.62 billion cubic feet of gas.

2. AGAVERO PROSPECT

The truck mounted rig has moved from Dona Carlota-1 to the Agavero Prospect over
the weekend to spud Agavero #1.

The Agavero Prospect is the second of the three prospects that are being drilled
in the current program which are analogues of historic prolific Frio and
Vicksburg sands production in the project area at <2,000 meters depth. The
drilling program is expected to run until the end of July 2007.

As with the successful initial three well program, tie in of any commercial
discovery made on these prospects will be rapid as the project area is crossed
by a number of gas pipelines with access rights and available capacity to tie
into.

The prospects have the following mean recoverable gas reserve potential and
total depths;

Prospect Name Mean Rec Reserves Total Depth Status

Dona Carlota 0.62 bcf 1,524 m Drilled gas discovery
Agavero 0.70 bcf 1,340 m Drilling
Climaco 1.60 bcf 1,980 m To be drilled

Participants in the Margarita Project are:

Empyrean Energy PLC* 44.00%
Sun Resources NL# 20.00%
Victoria Petroleum NL# 20.00%
Wandoo Energy LLC + 16.00%

100.00%

# ASX listed
* AIM listed
+ USA Private Interest

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

Conduit PR

Charlie Geller/ Ed Portman Tel: +44 (0) 207 429 6605/+44 (0) 7979955923

HB Corporate

Rod Venables Tel: +44(0)207 510 8600

Empyrean Energy plc Tel : +44(0) 207 182 1746

Regarding the above RNS, tcdmct :

1. 0.62bcf is hardly going to set the world alight ('scuse the pun). Have you really any idea how big that actually is?

2. There's not even any testing been done as yet. True recoverable reserves will come to light thereafter.

3. The share price movement of 15.8% yesterday hardly screams that the market is that impressed and it only takes it back up to the level of 2 months ago.

All in all, it's rather early to be doing cartwheels don't you think? TLW looks far better. ;-)))))

PS - must admit the chart picture is looking much better though. ;-)

Its just the build up of margin money ahead of SL news in July. Ride the rampers, let them do the work and just piggy back, and then be ready to jump off before any real news ;)

Indeed PP. ;-))

Just to put 0.62bcf into context, I believe that's a US billion, i.e. 620mmcf. That well I've recently been on flowed 66mmcf/d and we were limited by the welltest gear. You folks can do the maths and figure how big this actually is. It would last a week and bwe completely uneconomic.

On the plus side, of course, this well wouldn't produce anything near that so will last some time longer. The welltest will give us a clue with any luck. The second thing is the excellent pipeline infrastructure in the area - I've drilled there and the whole area is cris-crossed. The RNS confirms easy access too. If there wasn't, this thing wouldn't see the light of day IMO.

Finally, I've just checked the price action for yesterday. Came off a bit didn't it after the intial up move? The muppets bumped it early and the profit-takers started cashing in around 10am after whicgh she fell away.

I don't quite sniff a company making well here. Does anyone else?

............. apart from my mate that is. ;-0

Big Al, the rise this week was purely due to Monday morning, it was the perfect short term trade when all the day traders are sat on their money looking at what to buy this week, when EME pop out an RNS first thing on a Monday.......of course it falls away not long after as the traders take profits.

Very true, PP.

Just thought I'd acquaint folks with some facts, that's all. ;-)))))

Disappointing movement again today for the believers.

Empyrean Energy PLC
21 June 2007




Empyrean Energy PLC

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

Sugarloaf Block A, Texas USA
----------------------------

First well in the new 16 well deal with Texas Crude Energy Inc ("TCEI")
has spudded

Empyrean has been advised by Texas Crude Energy Inc that the TCEI JV Block A
#1 well, the first well to be drilled as part of the recently announced 16
well deal has spudded on Block A.

Further updates will be provided as relevant information comes to hand.


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.

Good move today. Almost covered the spread.

3 point rise for every well that spuds?

............ and possibly a 3 point drop for every duster. Mind you, given past performance it'll be more like 6 points for every duster.

Shot in the dark as usual with explorers. ;-0

i take it that its not a good company to buy in to then BIG Al