Empyrean Energy

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

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.

True. Patience Rodney. ;-))

Interesting turnaround today.

Does this mean 40p effectively held? Hmm.

sp still just below 200 dma ...... keep watching

Hi cynic, just bought into CMR, have you had a look. Sorry off thread.

Empyrean Energy PLC
03 July 2007


3 July 2007

Empyrean Energy PLC
('Empyrean' or the 'Company'; Ticker: (EME))
Project Margarita, Gulf Coast Texas USA

Gas discovery at the Dona Carlota-1 well flows 1.02 million cubic feet
per day on test

AIM quoted Empyrean Energy PLC today announces the following update with
regards Project Margarita:

1. DONA CARLOTA PROSPECT
The operator of the Dona Carlota #1well has advised that production testing of
the Dona Carlota-1 well Frio gas zone has commenced with a gas flow rate of 1.02
million cubic feet per day with no water reported. The test is being carried out
over the 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. The well will
be tied into a nearby sales pipeline.

2. AGAVERO PROSPECT
Preparations for the testing of the Agavero-1 well gas zone over the upper 4.0
metre laminated sand and base 1.5 metre sand interval to evaluate overall
reserve potential are also in progress.

3. CLIMACO PROSPECT
The drilling rig is on location at Climaco-1, the third well in the current
shallow Frio exploration program preparing to commence drilling as soon as
preparations are complete.

The Climaco Prospect is the third 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.

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

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.

DJ US GAS:Futures Pare Losses, Stay Below $7 Ahead Of Holiday
By Christine Buurma
Of DOW JONES NEWSWIRES


NEW YORK (Dow Jones)--Natural gas futures settled slightly lower Monday amid
moderate temperatures ahead of the Independence Day holiday, paring losses
somewhat as rising crude oil prices and technical buying buoyed the natural gas
market.

August natural gas on the New York Mercantile Exchange settled floor trading
0.9 cent lower at $6.764 per million British thermal units after reaching a low
of $6.555/MMBtu earlier in the day.

Natural gas futures began to recover Monday afternoon after nearing
$6.55/MMBtu, a level many technical traders regarded as buy signal, said John
Kilduff, a vice president of energy risk management with Man Financial in New
York.

"We bounced off the $6.55 support level," Kilduff said. "We're consolidating
between $6.50 and $6.75, much like we consolidated between $7.50 and $8.00
earlier in the year. There are pronounced technicals that get buyers going."

Rising crude oil prices, supported by a refinery outage in Kansas and an
accusation by the U.S. military that Iranian forces helped plan a January raid
on a government building in Iraq, also helped lift natural gas futures higher,
said one trader. Nymex crude oil for August delivery settled at $71.09 per
barrel Monday, a 10-month high.

"Crude oil made a nice comeback" after slipping below $70 a barrel earlier in
the day, the trader said.

Still, light trading and reduced air conditioning demand ahead of the holiday
kept natural gas futures below $7.00/MMBtu, traders said, with many consumers
and market participants away on vacation.

Continued mild weather and ample natural gas in storage was also placing
downward pressure on natural gas futures. Moderate temperatures are expected to
continue this week and next week in the Northeast and Midwest, meteorologist
Jim Rouiller of Wayne, Pa.-based private forcaster Planalytics Inc. said in a
research note Monday.

"High population centers spanning the northern half of the consuming East
will experience temperatures trending from below-normal warmth today and
Tuesday up to near normal heat during the mid portion of this week, then back
down to cooler and more comfortable conditions to end this abbreviated work
week," Rouiller said.

Substantial builds of natural gas in storage have also kept futures prices
low, with mild weather over the past few weeks sparking little demand for
natural gas to generate electricity for cooling. Current inventory levels and
approaching the near-record levels seen in 2006, according to the U.S. Energy
Information Administration.


FUTURES SETTLEMENT NET CHANGE
Nymex August $6.764 - 0.9
Nymex September $6.869 + 0.1
Nymex October $7.029 + 0.6

CASH HUB RANGE PREVIOUS DAY
Henry Hub $6.18-$6.32 $6.28-$6.51
Transco 65 $6.21-$6.39 $6.25-$6.45
Tex East M3 $6.48-$6.80 $6.65-$6.92
Transco Z6 $6.48-$6.82 $6.55-$6.95
SoCal $6.35-$6.53 $6.06-$6.20
El Paso Perm $5.85-$6.14 $5.60-$6.02
El Paso SJ $5.69-$5.95 $5.25-$5.76
Waha $5.80-$6.17 $6.00-$6.12
Katy $5.95-$6.08 $5.96-$6.25


-By Christine Buurma, Dow Jones Newswires; 201-938-2061;
christine.buurma@dowjones.com

(Jeanine Prezioso in Houston contributed to this article.)


(END) Dow Jones Newswires

07-02-07 1532ET

Copyright (c) 2007 Dow Jones & Company, Inc.

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