Empyrean Energy

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

Good reply..... Your makin me question my investment now!!! HELP ME!!! I gut feeling is that it will work altrhough the facts speak otherwise! Still new at this game and learning the hard way, anf advice welcolmed

papalpower - - -see below which suggests that DNO has still major interest in an completely unexplored site:

Elixir Petroleum Ltd (ASX code: EXR, AIM: ELP) (Elixir or the Company) is delighted to announce that its farminee partner, DNO UK Ltd (DNO), has secured a drilling rig for an exploration well on the joint ventures high impact Jaguar prospect in Northern North Sea Block 211/22b.



The Jaguar well will test a new stratigraphic play as yet untested in the UKCS Northern North Sea. The concept however has been commercially proven in nearby Norwegian waters.



The semi-submersible rig, Bredford Dolphin, has been contracted to drill Jaguar. It is currently drilling a well for Dana Petroleum in neighbouring Block 211/22a and on current commitments and estimated timing the spud date on Jaguar is estimated to be around mid January 2006.



The Jaguar well is expected to take 45 days and reach a total depth of approximately 3,950 metres.



DNO holds the remaining 60% interest in Block 211/22b and will meet 92.5% of the Jaguar well costs under the terms of farmin agreement signed with Elixir in June 2005. The farmin represents a return to the UKCS by DNO, which is an active explorer and owns producing assets in the Norwegian sector of the North Sea.



The Company believes that very few other junior oil and gas explorers, if any, will be participating in such a high potential exploration well as Jaguar over the next few months.



Russell Langusch, Elixirs Managing Director, said, Following so close behind our Muness earn-in announcement in late October, this is great news. Our strategy of participating in a number of potential company-making North Sea exploration wells is gaining momentum with Muness planned to be spudded later this month and Jaguar now in mid January 2006.

jameel this is the news release from Dana Petroleum on Block211/22a (which is next door to Jaguar Block 211/22b). They suddenly farmed it out and nothing major found there. Water bearing with nominal oil shows.

I cannot say whether you should buy or sell, just saying that this is high risk, yes there is a chance it will be a massive find, and also a good chance it will contain nothing much at all.

http://www.dana-petroleum.com/Press/pr_121205.htm

Northern North Sea Exploration 12th December 2005

The exploration well in Block 211/22a (Clachnaben) found the main Brent sandstone target to be present as prognosed. Although minor oil shows were observed, the reservoir was found to be predominately water-bearing and the well is therefore being plugged and abandoned. Dana's technical team continued to work the data from this area right up to the point of drilling and determined this prospect to carry more risk than other North Sea wells Dana is planning for early in 2006. Therefore Dana decided to redirect funds to the important forthcoming appraisal wells in the Babbage and Anglia gas fields and thus significantly reduced its cost exposure to the 211/22a well by farming out just ahead of drilling.

Empyrean made the Independent today:

"Finally, Empyrean Energy ticked 3p better to 54p after it started drilling at its Eagle Oil project in California. Investors can expect an update from the firm's German gas project in the near future."

The SP is on the move again today, anyone know if more news is expected??

Something wonderful is happening!

nkirkup,

Please tell me what. I bought in on Thursday last week and topped up on Friday. There seems to be a lot of movement in the right direction. How far can it go?

Empyrean have a 38.5% stake in the Eagle project in California.

Victoria Oil an Australian company epic VPE, not AIM's VOG have a 20% stake.

For latest drilling news go to www.vicpet.com.au.

Makes good reading

Predateur

nicely up at the close today--news coming anyone think??

Flying today :)

Papal - I am in these heavily as well. Looking VERY nice!!!

Papal - Has any news leaked yet? Whats the goss? Thanks

Nothing leaked at the moment I think, watching the Oz partners shares and nothing up or down by large amount, I think Monday morning will be key, watch for the Oz partners in the drills performance on Monday Oz time, before UK opens.

something must be about to break--very exciting. Papal have you a forward sp estimate-I don't want to be greedy.

With Australian exchange now closed, news could break this afternoon on the eagle well due to be completed today, on the London market prior to Aus opening on Friday.

Pipe break problem, and crop spraying, drilling to resume over the weekend, so no news until next week now.

Latest update (27th Jan) in the PDF file on the link below :

http://www.asx.com.au/asxpdf/20060127/pdf/3v69v0bv32ynt.pdf


moneyplus, on the Eagle Pool, if this first drill finds oil, and its econimically viable to run in production, then a price of over 100p should be easy to see.

thanks pp.

Tree shake or bad news?????

papal have a look at een

Any views on today's market reaction to RNS?? Is it as expected or was the city expecting a more upbeat update?