Empyrean Energy

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

It is not surprising that EME is at an all time low, but I would bet this will go even lower in view of poor management and false promises and failure to obtain any black gold from the ground. Sounds like Blair government, isn't it?

yes my friend but Eme will shortly be in posative territory soon as details are revealed from Glantal and sugarloaf-1 will prosper. With the addition of Eagle and Margarita starting to develop quite well. the 1.30p will be by passed sooner than you can imagine, and upwards with the SL-1. all the best.

We shall see, shadow. I think it will be a dream if that happens.

All time low pretty much.

Anyone still stupid enough to be holding this crap? ;-))

Shadow is holding on TIGHT to EME. LOL!

;-)))

Comments pls



Empyrean Energy PLC
10 May 2007



Empyrean Energy PLC

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

Increased interest in the Sugarloaf Project Area, ('Sugarloaf') Texas USA
-------------------------------------------------------------------------

New Agreement signed with Texas Crude Energy Inc ('TCEI') covering a
sixteen (16) well program over Block A and Block B
New working interest on any well in the 16 well program in respect
of Block A
Working Interest increased from 6% to 18% on any wells in the 16
well program operated by TCEI in respect of Block B

Empyrean has entered an Oil & Gas Exploration And Development
Agreement with TCEI to participate in a new sixteen (16) well
program covering two projects, 'Block A' and 'Block B'.

In Block A, TCEI has an interest through an Operating Agreement with
a major international oil and gas company ('Block A Operator')(name
undisclosed for confidentiality purposes and to preserve and protect
competitive advantage). In Block B, TCEI is the operator and
Empyrean already has a 6% working interest in this Block via a
previous agreement and its participation in the drilling of the
Sugarloaf-1 well.

The new agreement covers the next sixteen (16) wells to be drilled
on either Block A and / or Block B. The agreement provides for
Empyrean to pay 12.5% of costs to first production to earn a working
interest of 7.5% in wells drilled on Block A and to pay 20% of costs
to first production to earn a working interest of 12% in wells
drilled on Block B. Empyrean's agreement covering a pre-existing 6%
working interest in Block B remains unchanged and is in addition to
this new agreement.

The Block A Operator has drilled a first exploratory test well on
Block A and this well is a discovery well which it has been reported
flowed gas and associated condensate on test. This exploratory test
well does not form part of the 16 well program. On Block B, during
the drilling of the Sugarloaf-1 well Empyrean previously reported to
the market on the 29th September 2006 a 92 feet (28 metres) zone of
possible gas pay, interpreted from wire-line logs and gas shows in
Cretaceous age carbonates. Preparations are underway for testing to
be carried out on these possible pay zones.

It is estimated that wells in this program will have a total cost in the
order of US$5million each. Empyrean's agreement with TCEI is structured
on a well by well basis with the right to proceed or withdraw at any
stage. If Empyrean withdraws then wells earned to that date are
protected. It is also understood that the Block A Operator is preparing
for drilling to commence on the next well in Block A within the next 2
months.

A further update will be provided as soon as confirmation of the date for
spudding the first well in this sixteen well program is advised by TCEI,
along with testing dates for the Sugarloaf-1 well.

Commenting today, Empyrean's Commercial Director, Tom Kelly said 'Today's
agreement with Texas Crude Energy allows Empyrean to increase its interest in
the Sugarloaf Project Area and in particular the shallow potential pay zones to
be tested in the Sugarloaf-1 well. We look forward to testing these chalk zones
in the Sugarloaf-1 well and to the commencement of the sixteen 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.

like i said going stratospheric soon....i'm sitting on a fortune already with EEL..wait until that baby relists and i'll be piling in here too

in the words of Catherine Tait ..... am i bovvered

Right, thanks for that maestro ............................. not! ;-0 As much use as a chocolate fireguard as usual.

Also, you're not sitting on sweet FA until you cash it in.

Come to think of it, maybe "as much use as a chocolate EME" would be more appropriate.

cynic...yes you are bothered..in fact you are very irritated that i have got another winner and made you look rather stupid yet again.

Big AL...your mates shorting EEL?...like Langbar?...ooops they're in the shite bigtime

Mates? Not sure I have any. ;-)))

Still got your BFC? LOL

Empyrean Energy spuds Agavero 1 well on Margarita project
AFX

LONDON (Thomson Financial) - Empyrean Energy PLC said it spudded the Agavero 1 well as part of a shallow drilling program on its Margarita project in the US, adding it sees deep well drilling starting late in the September quarter.

The AIM-listed company said the final wells programme, including completions and production tie-ins, is currently expected to run until the end of August.


I have a couple of questions:

1. I guess "late in the September quarter" means Xmas at the earliest.
2. Completions and production tie-ins? Show me the money first my friends.

Meanwhile, we seem to have tested previous support at 31p from underneath and reversed right there. Oh dear, maestro. ;-)))

maestro ..... Big Al said it all ..... the amazing thing (well, not really) is that you never say exactly when you buy these "whizzers" of yours, thus supporting your boasts.

I like that word

"whizzers" ;-))

Empyrean Energy says bad weather delays Margarita drilling
AFX


LONDON (Thomson Financial) - Empyrean Energy PLC said drilling at the Margarita oil field in Texas has been delayed because of heavy rains.

Drilling at the Agavero prospect would have started on May 20. However, rains and flooding isolated the rig to a nearby location.

'The rig has now been able to move to the Donna Carlota prospect location to commence operations, rather than the Agavero prospect, because floods have now made the Agavero location temporarily inaccessible,' Empyrean said.

Empyrean holds a 44 pct stake in the Margarita project, while Sun Resources and Victoria Energy own 20 pct each. The remaining 16 pct is held by Wandoo Energy.

sounds like time to fill your boots ....... with water, and sink!

Were are you all,normaly there are the ones who will slag off this share when news comes through,i take it they are eating there words now.

Ok give me your thoughts on what price this share will be in 2mths time.
If you dare.


xxxxxxxxxxxxxx

Empyrean Energy PLC
18 June 2007


18 June 2007

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

Project Margarita, Gulf Coast Texas USA

Gas zone drilled in the Dona Carlota-1, Margarita gas exploration
project, onshore gulf coast, Texas

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

1. DONA CARLOTA PROSPECT


Dona Carlota-1 has been successfully drilled to a total depth of 1,524 metres. A
gas show was observed in the primary target Frio 1.33 sand with interpretation
of the wire line logs indicating 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. Production casing has been run to enable production testing of the
well later in the week.

The Dona Carlota Gas Field, based on an interpretation of the 3D seismic data,
has an estimated recoverable reserve of 0.62 billion cubic feet of gas.

2. AGAVERO PROSPECT

The truck mounted rig has moved from Dona Carlota-1 to the Agavero Prospect over
the weekend to spud Agavero #1.

The Agavero Prospect is the second 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. The
drilling program is expected to run until the end of July 2007.

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 to tie
into.

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%

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.

For further information

Conduit PR

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

HB Corporate

Rod Venables Tel: +44(0)207 510 8600

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