Empyrean Energy

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

maggie .... yes i do still hold RTN

This behaviour shows all the signs of a locking sharp dorp due............hope not

Morning.

Oh we have had a busy wekend haven't we? The last time I crossed swords with the weegie I was threatened via AM mail. I was so scared I didn't post here for 10 minutes. ;-)) You'd better watch yourself, Dil

tcdmct - yet another BB genius investor. Never seen so many edited posts on a thread. well at least he's sucessful in something. LOL!!!

Trying to post drilling update just released, but can't. ;-((

Got it


Empyrean Energy PLC
25 June 2007





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

Project Margarita, Gulf Coast Texas USA
---------------------------------------

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

1. AGAVERO PROSPECT

The operator of the Agavero #1 well has advised that the well spudded on 21 June
and is currently drilling ahead at 2,272 feet (693 metres) to target and final
depth of 3,500 feet (1,341 metres).

2. DONA CARLOTA PROSPECT

It is expected that production testing of the Dona Carlota #1 well will commence
later this week. Some delays have occurred due to bad weather.

Interpretation of wire line logs of the target Frio 1.33 sand in the Dona
Carlota #1 well indicate 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.

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.

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%
Total: 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.

Al .... you are the man with proper hands-on oil experience (whetever jibes others may make!) ...... what is your view on this latest stuff? ...... certainly and for what it is worth sp is now challenging 200 dma

bid 40 sell @44 it a locking vailed bid 36p buy......... look at the charts what your veiw big al

cynic - neutral IMO. They're drilling and can't presumable get the testing gear onto the first well's location for weather. She can certainly rain there and often tracks to locations are impassable for a day or two due to swollen streams / rivers. The amount of gas they're targetting hasn't changed. Not massive IMO.

micky - the initial pullback made a decent shooting star, but she's nudged up again since. Certainly overbought, but the great thing about this stuff is they can always get more overbought or more oversold. ;-))

thanks big al ;-))

Where's tcdmct? Thought he'd be here to rejoice in his zillions. ;-))

As far as testing goes, all testing is done in the existing pipelines.What that entails i don't know and would welcome an explanation?
cyril

cyril - I meant testing the well. That is flowing it to determine how it will produce.

Big Al, that should have read will be tested in the existing pipelines.Not sure what
the differance is, as against testing for gas flows as you have pointed out??
cyril

i suspect tcdmct has been sent to the gallows ..... for sure a complaint was lodged, and justifiably so, though not by me

Didn't visit the BB all weekend so missed all the edited posts. He's obviously a nutter. ;-)

no your ok big al he's back at school today he doing some home work at the moment back on bb at 5pm

he ran out of ideas when i told him he was full of shit as he would not take real money bet (1000) on EME reaching 2.40 by 22nd August (his tout) so he became unpleasantly abusive about my daughter ...... singularly infantile, but distasteful nevertheless

so sp has popped through 200 dma at the close ..... hold your breath and hope it holds and progresses further if you are a holder, but still recommend you keep your powder dry if not.

This is surely overbought and due for a drop.

OK who wound tc up ?

I blame cynic :-)