Empyrean Energy

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

i agree ..... Al, have you actually shorted? ..... if so, quite a brave call, but then so would be to buy at this juncture

Not sure it's that brave Cynic. If you look back over the chart it has a number of spikes followed by drops.....like a ski slope. I suppose history doesn't have to repeat itself ..... but then again.

In my opinion anyway.....

Strawbs.

Nothing brave up around 50p, cynic. It just looked like a bunch of traders were cashing in some good short term longs from the last couple of trading days. Thought I'd help. ;-))

Bet tc sells at the top .....he's a bloody hero , a legend in his own lunch time.

tea break more like. ;-))

Hvaing probably been hoofed, I think his well thought out new surreptitious handle may have left him rather exposed to a repeat hoofing!

LOL

Get out before it falls...when EME falls, u have no time to get out.

Covered +4. ;-))

the tc-turd has been touting 2.40 by 22nd August ....... i still have no position but note that, as suggested, sp is now re-testing 200 dma, a level which historically it has not been able to maintain ...... for the brave, this might be an interesting short as no significant support until about 10 below current

Cynic acomplaint has been logged regarding your remarks.

.............. and a complaint has been logged regarding your very existence 1963.

Cashed in yet or what?

Big Al dont be silly i wont be moving until i get my 130.000

Great start for you today then. ;-))))))

You are dreaming if you are thinking of getting 130,000 from EME. Frank Brophy is more conniving and cunning.

Now this isn't an ideal situation. I was in a similar scenario almost exactly a year ago and we singularly failed to squeeze any cement behind the casing. I wish EME the best of luck, but it is slow, laborious and not without great hazard. It'll bump up the costs too.

You certainly cannot start fraccing the formation without a very good cement job. Wonder what caused it to be screwed up in the first place. They certainly didn't tell us this earlier did they? ......... or did I miss something?



Empyrean Energy PLC
27 June 2007



Empyrean Energy PLC

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

Sugarloaf Prospect, ('Sugarloaf') Texas USA
-------------------------------------------

Empyrean provides the following update on testing of the Sugarloaf-1 well as
provided by the operator.

As recently reported by other listed partners participating in this well, the
commencement of the fracture stimulation and testing program of the Cretaceous
carbonate zone requires remedial cementation of the well casing across the zones
of interest prior to testing. This process which involves serial perforation of
the casing and squeezing cement is expected to take several weeks to complete.

The latest indication from the Operator is that fracture stimulation and flow
testing of the first of the three zones of possible gas pay is now expected to
commence during the first half of August.


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

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

Rod Venables/ Cecil Jordaan
HB Corporate
Tel: +44(0) 207 510 8600

and sp has again dumped decisively back down through 200 dma

morning big Al maybe it something to do with that locking nut ;-))

40p area has to hold cynic or all bets are off IMO. I'd have certainly kept my short open if I'd known this news.

Sugarloaf now high risk and a chance the well is useless if they can't squeeze.

i think you are right, but sp now about 38.5 mid ...... however (indicated) spread is about 4.5 so not nearly enough room to make a (new) short worthwhile.