Empyrean Energy

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

I like the drink and the project intrigues.

Overall, though, there's stuff to produce in Texas, but let's not get carried away. It's probably the most mature province in the world and finding / producing large ain't possible.

What EME, like all small outfits, really needs now is cashflow from production or selling finds on. It can't keep haemorraging (spelling?) money like this forever.

Big Al : that is one of the problem with the RNS as is does not mention how much the farm-in costs. This may well give them production in the near term but would like to know at what cost to EME.

Rutherford - very true.

How often do we see crucial info left out? ;-))

http://moneyam.uk-wire.com/cgi-bin/articles/200612060736123342N.html

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

Sugarloaf Hosston Prospect, Texas USA
-------------------------------------

AIM quoted Empyrean Energy PLC today announces that since our last report on the
4 December 2006, 5 inch production liner has been successfully set and cemented
at 19,791 feet and has been tied back into the casing at 17,000 feet. The
drilling rig is presently laying down drill pipe.

Empyrean will inform the market as soon as it receives confirmation as to the
likely timing of availability of the deep work-over rig required for testing.

Breakfast was at 5am and consisted of hickory smokey bacon on rye...........

Update 13th Dec '06

Sugarloaf Hosston Prospect, Texas USA
-------------------------------------



Sugarloaf Prospect, Texas USA

Empyrean advises that the Sugarloaf drilling rig was released on 9 December
2006. The Joint Venture is currently working on a suitable testing program for
the well and is in the process of contracting appropriate equipment to undertake
these operations. We will advise further once this timing has been firmed up.

Through recent support - next stop 48p likely?

;-))

EME is now into Margarita Project...this is a joke. This management really can't concentrate on what they are doing. Sugarloaf is hanging in the air waiting for appropriate equipment, and now they are in the margarita project. Surely they could foresee what equipments are needed - very amateurish organisation

I think they are trying to divert attention from Sugarloaf....maybe non-commercial.

AVOID EME!

hlyeo98,,,,,,,are you thick

Because a company lets its investers know what it is buying into then they are doing it to divert attention from other things.

God sake get a life or even a wife.

don't particularly agree with hyleo's logic, but sure as hell agree with him that this share is for fools and horses only ...... the company has disappointed far too often to warrant support, though that does not prevent many a lemming from diving in in hope ..... or even hanging on when everything dictates otherwise (qv SEO) in the vain or vague hope that all will come right in the end ...... it rarely does!

tcdmct...you can live in hope...but I'm sure you will live in vain. Are you blind that EME is drifting downwards?

i've switched to Petrel...watch it rocket next week

Hi Maestro, do you think its going to rocket because the've got rid of Saddam? I think that because of the political and unstable situation in Iraq at the moment, this is a stock that one can afford to miss out on, as there is going to be an enourmous risk trying to bring it home. What does anyone else think.

Still waiting for the EME bulls to comment on the results released 29/12/06.

Where have you all gone?

I said:

Big Al - 13 Dec 2006 14:56 - 606 of 613
Through recent support - next stop 48p likely?

;-))



I see it banged off 48p briefly on Friday. Wonder if there's support or whether we're heading for 30p again.

all oil stocks will crash except Petrel...its obvious thats why mad Bush wants to keep the Iraqi oil in the ground and he is trying every trick in the book to make Iraq unstable along wih his zionist friends threatening Iran with nuclear bombs

This thread is for EME not PET so stop ramping here........

http://news.independent.co.uk/business/news/article2132467.ece

"Iraqi government sources say the hope is to have the law on the books by March."

Not tomorrow then!

maestro .... you are a boor! ...... by the way, have you decided to drop your petulant accusations that I dereamp?

Latest drilling from EME:

AIM quoted Empyrean Energy PLC today announces that operations are ongoing on
the El Viejito Prospect on Project Margarita, South Texas, USA.

Current well depth at 07.00 hours Australian WST, Tuesday 9 January 2007 El
Viejito #1 is 1,129 metres.

Basal Frio and Vicksburgh targets are below 1,524 metres. It is expected that
once final depth of 1,920 metres is reached the hole will be logged and a
decision will be made to test target zones of interest and run 2 7/8' tubing as
the completion string.

Since the last report of 21 December 2005 there has been an extended Christmas
break and a crew changeover following the break. All programmed wells are being
drilled on a turnkey basis at a fixed price for the joint venture and any costs
over the fixed price due to drilling delays are to the contractor's account.
A further update will be made on completion of the well program.

The announcement below certainly says a lot about the company. EME just send out RNS without checking. And inaccuracies to phone numbers, I thought those are basics to running a company. I guess they don't communicate much with their Conduit PR or HB-corporate. Poor management.


Empyrean Energy PLC
11 January 2007


11 January 2007

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

Project Margarita, Gulf Coast Texas USA

This announcement amends the Drilling Update submitted to RNS on 10 January
2007 at 7.18am with RNS number 2694P. The need for amendment arose as the
original announcement contained inaccuracies as to phone numbers and the date of the last report.

AIM quoted Empyrean Energy PLC today announces that operations are ongoing on the El Viejito Prospect on Project Margarita, South Texas, USA.

Current well depth at 07.00 hours Australian WST, Tuesday 9 January 2007 El Viejito #1 is 1,129 metres.

Basal Frio and Vicksburgh targets are below 1,524 metres. It is expected that
once final depth of 1,920 metres is reached the hole will be logged and a
decision will be made to test target zones of interest and run 2 7/8' tubing
as the completion string.

Since the last report of 21 December 2006 there has been an extended Christmas break and a crew changeover following the break. All programmed wells are being drilled on a turnkey basis at a fixed price for the joint venture and any costs over the fixed price due to drilling delays are to the contractor's account. A
further update will be made on completion of the well program.

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:

Laurence Read/Ed Portman
Conduit PR
+44 (0) 20 7429 6605/+44 7979955923

Imran Ahmad/ Cecil Jordaan
HB-Corporate
Tel: +44(0)207 510 8600
Tel: +44(0)20 7538 1166 (switchboard)

Empyrean Energy plc
+44 (0) 20 7182 1746