Empyrean Energy

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

Lots of words.

Lots of worthwhile facts, unlike your post.
cyril

Looks like additional details are emergeing from the Sugarloaf, after the recent news and flows are to be exceptional, when released which will be soon.

Another lot of words(facts)? by the same researcher.

imho you either get it or you dont..
what frank brophy told you in the annual report is worth reading... i recommend you re read it.. and you tell me what they did at kunde 3.. and baker 1..

you dont back out of a hole and re complete it twice more if there is nothing there to drill and if the formation is not worth drilling.. kunde 3 and baker 1 have laterals all over the place..

its just a shame this thread has so many contributors but very few of them have any ability to diagnose and appraise the information being given, i got to say the majority of contributions are rarely about the sugarkane, and mostly about mm's and insulting anyone who posts here.. i have to thank estseon for having the balls to read the annual report and email it to me to clear up the frac issues we both had different perspectives on..

until i read the report, and believe me in the last year i have read little from EME as little was said,,, but to have frank brophy be able to say what he did was amazing.. he has put out lot of very impressive reports..

THREE TIMES THEY DRILLED BAKER ! AND THREE TIMES THEY DRILLED KUNDE !!!!!!!!!

wake up for christs sake over here,, just forget about the dribbling d***heads that post here compulsively all day looking to insult you, and read the reports!! wake up and smell the roses and discuss what frank brophy is letting you know!!

COP will back out of a hole and drill it three times, they have the ability and cash to design wells to be successful in their goal.. THEY DONT DRILL A SINGLE COMPLETIONS TO CASUALLY SEE IF SOMETHING IS THERE!!! they drill as many times as it takes to explore the formation, they sample, wireline constantly,, they have a massive bank of knowledge on these formations now..

they back up

they reenter

they explore left, right, up and down..

they hit so much pressure at baker 1, they COULD NOT DRILL !!!!!!!

you get a sanitised report declaring 2mcfpd at Baker and cry about it for a year.. if any perosn on this planet could believe that this formation could stop a drilling effort with a poulty 2 mcfpd of flow then you dont deserve to be rewarded for the investment in this prospect.. COP killed baker 1 to get out of the formation... after 3 attempts they could not achieve completion.. the last thing COP are going to do right now is open baker 1 up... THEY KNOW WHAT IT MEANS!! its absolutely "staggering" that none of you understand what it means.. COP will most likely revisit baker 1 and complete it at some stage, if they wanted production from it they would have done so, with it being damaged its not going to tell them anything accurate..doesnt mean its a bad well, it just means they put in baker 2 and do the job properly and then revisit baker 1 later and do what they can.. this foration is highly overcharged.. extremely difficult to drill.. its extremely hot and the payback from a successful well is what cop is after, the well has to be finished right.. thas what they are about to do..

i have heard a quote from someone i consider to be one of the most regarded and respected oil men in australia, he said that "tom kelly really has something to talk about in texas"

he is right. and you have all been given the data on kunde3 and baker 1 on a platter.. served to you so you understand it.. yet no one discusses how amazing the baker 1 well is.. it is loaded with mud.. if you cant get thorugh a formation and have to back out, and kill a well, and that well still can kick after all you have done to kill it.. THEN YOUR IN IT!!! right in it,,, not left of it, not right of it, not too high and not to low,, you are for f*%ks sake smack in the place you want to be..

COP will deliver to eme, not for the eme shareholders, not for TCEI, but for ITSELF, and what it will deliver is a well that when its fully completed can last 20 years, can deliver the most astounding flow rates seen anywhere in texas.. and they will put that well on production and then tell their shareholders they found it and are going in for more..

they have a relief well ready,, the baker 2 well has to be done precisely and with care, and all precautions and all stops are there to ensure that baker 2 will be the type of well that everyone in texas would be after..

if you dont believe it and dont like it then get out of the share imho.. this is high risk high reward investing.. patience is needed,, and as estseon has clearly and rightly pointed out,, your share price is through the roof compared to the jvp partners.. you will never see these prices again in a short while when kunde 4 baker 1 and baker 2 are completed and flowing.. so make the best of it!! be smart and start talking the play up... you are indeed incredibly fortunate to be in this play,, no one anywhere has what we have..

KillerWolf - 24 Aug'08 - 08:42 - 36877 of 36883


Thanks AgentM, appreciate the recap.

Another lot of words by the same reseacher.


imho you either get it or you dont..

what frank brophy told you in the annual report is worth reading... i recommend you re read it.. and you tell me what they did at kunde 3.. and baker 1..

you dont back out of a hole and re complete it twice more if there is nothing there to drill and if the formation is not worth drilling.. kunde 3 and baker 1 have laterals all over the place..

its just a shame this thread has so many contributors but very few of them have any ability to diagnose and appraise the information being given, i got to say the majority of contributions are rarely about the sugarkane, and mostly about mm's and insulting anyone who posts here.. i have to thank estseon for having the balls to read the annual report and email it to me to clear up the frac issues we both had different perspectives on..

until i read the report, and believe me in the last year i have read little from EME as little was said,,, but to have frank brophy be able to say what he did was amazing.. he has put out lot of very impressive reports..

THREE TIMES THEY DRILLED BAKER ! AND THREE TIMES THEY DRILLED KUNDE !!!!!!!!!

wake up for christs sake over here,, just forget about the dribbling d***heads that post here compulsively all day looking to insult you, and read the reports!! wake up and smell the roses and discuss what frank brophy is letting you know!!

COP will back out of a hole and drill it three times, they have the ability and cash to design wells to be successful in their goal.. THEY DONT DRILL A SINGLE COMPLETIONS TO CASUALLY SEE IF SOMETHING IS THERE!!! they drill as many times as it takes to explore the formation, they sample, wireline constantly,, they have a massive bank of knowledge on these formations now..

they back up

they reenter

they explore left, right, up and down..

they hit so much pressure at baker 1, they COULD NOT DRILL !!!!!!!

you get a sanitised report declaring 2mcfpd at Baker and cry about it for a year.. if any perosn on this planet could believe that this formation could stop a drilling effort with a poulty 2 mcfpd of flow then you dont deserve to be rewarded for the investment in this prospect.. COP killed baker 1 to get out of the formation... after 3 attempts they could not achieve completion.. the last thing COP are going to do right now is open baker 1 up... THEY KNOW WHAT IT MEANS!! its absolutely "staggering" that none of you understand what it means.. COP will most likely revisit baker 1 and complete it at some stage, if they wanted production from it they would have done so, with it being damaged its not going to tell them anything accurate..doesnt mean its a bad well, it just means they put in baker 2 and do the job properly and then revisit baker 1 later and do what they can.. this foration is highly overcharged.. extremely difficult to drill.. its extremely hot and the payback from a successful well is what cop is after, the well has to be finished right.. thas what they are about to do..

i have heard a quote from someone i consider to be one of the most regarded and respected oil men in australia, he said that "tom kelly really has something to talk about in texas"

he is right. and you have all been given the data on kunde3 and baker 1 on a platter.. served to you so you understand it.. yet no one discusses how amazing the baker 1 well is.. it is loaded with mud.. if you cant get thorugh a formation and have to back out, and kill a well, and that well still can kick after all you have done to kill it.. THEN YOUR IN IT!!! right in it,,, not left of it, not right of it, not too high and not to low,, you are for f*%ks sake smack in the place you want to be..

COP will deliver to eme, not for the eme shareholders, not for TCEI, but for ITSELF, and what it will deliver is a well that when its fully completed can last 20 years, can deliver the most astounding flow rates seen anywhere in texas.. and they will put that well on production and then tell their shareholders they found it and are going in for more..

they have a relief well ready,, the baker 2 well has to be done precisely and with care, and all precautions and all stops are there to ensure that baker 2 will be the type of well that everyone in texas would be after..

if you dont believe it and dont like it then get out of the share imho.. this is high risk high reward investing.. patience is needed,, and as estseon has clearly and rightly pointed out,, your share price is through the roof compared to the jvp partners.. you will never see these prices again in a short while when kunde 4 baker 1 and baker 2 are completed and flowing.. so make the best of it!! be smart and start talking the play up... you are indeed incredibly fortunate to be in this play,, no one anywhere has what we have..

cyril

This from another poster.


just to clarify, our RNS up above said :-
"The pilot hole is presently being sidetracked and will then be built to near
horizontal by the top of the target chalk formation, at which point production
casing will be run, Empyrean Energy said."

the little added bit (which i wonder why we didn't mention..?) on Rigzone says :-
"The pilot hole is presently being sidetracked and will then be built to near horizontal by the top of the target chalk formation, at which point production casing will be run. Thereafter, the remaining build section will be completed and the horizontal wellbore will target the upper pay interval that has successfully produced in the TCEI JV Block A-1 and A-3 wells."

so we're targetting the A-1 area again on this drill. oilvoice said this about a-1 :-
"TCEI JV Block A-1 well: Spectacular condensate and gas flows following a very limited fracture stimulation"

so....draw your own conclusions at to what might happen on this drill....!

refs :
http://www.rigzone.com/news/article.asp?a_id=65696
http://www.oilvoice.com/n/Empyrean_Energy_Provides_Update_on_TCEI_JV_Block_A1_well_Sugarloaf_Block_A_Texas/d68e90d5.aspx

Imho its just about patience, as this has the potential to be hugh?
cyril

FACT

Form W-1: Review
Status # 669785
API # OP # 845062 - TEXAS CRUDE ENERGY, INC.
Pending Approval , Submitted 08/25/2008 , Filed Online RECKLING 24-1 - Well # 1
02 - KARNES County New Drill
Horizontal


View Current W-1

General / Location Information
Basic Information:

Filing Purpose Welbore Profiles Lease Name Well # SWR Total Depth
New Drill Horizontal RECKLING 24-1 1 12500

Surface Location Information:

API # Distance from
Nearest Town Direction from
Nearest Town Nearest Town Surface Location Type
10.0 miles W Kenedy Land

Survey/Legal Location Information:

Section Block Survey Abstract # County
BRADBERRY, J 24 KARNES

Perpendicular surface location from two nearest designated lines:

Perpendiculars Distance Direction Distance Direction
Survey Perpendiculars 6300.0 feet from the NW line and 1813.0 feet from the SW line

Fields
District Field Name Field # Completion Depth Lease Name Well # Well Type Acres Distance to nearest well Distance to nearest Lease Line SWR Pooled/Unitized
02 SUGARKANE (CRETACEOUS)

Primary Field
86950500 12500 RECKLING 24-1 1 Gas Well 1675.6 1813.0 N
Perpendiculars Distance Direction Distance Direction
Surface Lease Lines 1813.0 feet from the SW line and 1990.0 feet from the NW line

Section: Block: Survey:BRADBERRY, J
Abstract #: 24 County: KARNES
Name Profile Distance Direction Distance Direction
TH1 Terminus Point Lease 3930.0 feet from the SW line and 2548.0 feet from the SE line
Survey 3930.0 feet from the SW line and 2548.0 feet from the SE line
Penetration
Point Lease 2301.0 feet from the SW line and 2354.0 feet from the NW line

--------------------------------------------------------------------------------


Attachments
Attachment Type File Path Associated Fields and/or Plats
PLAT #1( Paper Size : LGL ) Reckling 24-1 #1 survey plat.tif
SUGARKANE (CRETACEOUS)

As Submitted W-1 AsSubmittedW1-8-25-2008.pdf

Looks like TECI have decided to waste another load of dollars?
cyril

Lots more words.

squelch

New Drill Horizontal ALBERT ESSE HEIRS 130-1 1 12500

Surface Location Information:

API # Distance from
Nearest Town Direction from
Nearest Town Nearest Town Surface Location Type
13.0 miles SW Karnes City Land

Survey/Legal Location Information:

Section Block Survey Abstract # County
257 GARRETT, E L 130 KARNES

Perpendicular surface location from two nearest designated lines:

Perpendiculars Distance Direction Distance Direction
Survey Perpendiculars 1800.0 feet from the N line and 2900.0 feet from the W line

Fields
District Field Name Field # Completion Depth Lease Name Well # Well Type Acres Distance to nearest well Distance to nearest Lease Line SWR Pooled/Unitized
02 SUGARKANE (CRETACEOUS)

Primary Field
86950500 12500 ALBERT ESSE HEIRS 130-1 1 Gas Well 807.5 467.0 N
Perpendiculars Distance Direction Distance Direction
Surface Lease Lines 467.0 feet from the SW line and 519.0 feet from the NW line

Section: 182 Block: Survey:LATHROP, J T K
Abstract #: 352 County: KARNES
Name Profile Distance Direction Distance Direction
TH1 Terminus Point Lease 467.0 feet from the SE line and 959.0 feet from the SW line
Survey 900.0 feet from the N line and 1550.0 feet from the E line
Penetration
Point Lease 529.0 feet from the SW line and 818.0 feet from the NW line

--------------------------------------------------------------------------------

cyril

New Drill Horizontal RUDOLPH 28-2 1 12500

Surface Location Information:

API # Distance from
Nearest Town Direction from
Nearest Town Nearest Town Surface Location Type
10.0 miles SW Karnes City Land

Survey/Legal Location Information:

Section Block Survey Abstract # County
PREST, J 228 KARNES

Perpendicular surface location from two nearest designated lines:

Perpendiculars Distance Direction Distance Direction
Survey Perpendiculars 3470.0 feet from the SE line and 3100.0 feet from the NE line

Fields
District Field Name Field # Completion Depth Lease Name Well # Well Type Acres Distance to nearest well Distance to nearest Lease Line SWR Pooled/Unitized
02 SUGARKANE (CRETACEOUS)

Primary Field
86950500 12500 RUDOLPH 28-2 1 Gas Well 700.31 467.0 N
Perpendiculars Distance Direction Distance Direction
Surface Lease Lines 467.0 feet from the SW line and 1690.0 feet from the NW line

Section: 295 Block: Survey:BARNES, J D
Abstract #: 28 County: KARNES
Name Profile Distance Direction Distance Direction
TH1 Terminus Point Lease 1423.0 feet from the NE line and 698.0 feet from the SE line
Survey 1423.0 feet from the NE line and 550.0 feet from the SE line
Penetration
Point Lease 558.0 feet from the SW line and 2025.0 feet from the NW line

--------------------------------------------------------------------------------
Attachments
Attachment Type File Path Associated Fields and/or Plats
PLAT #1( Paper Size : LGL ) Rudoplh 28-2 #1 survey plat.tif
SUGARKANE (CRETACEOUS)

As Submitted W-1 AsSubmittedW1-8-26-2008.pdf

cyril










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New Drill Horizontal GONZALEZ 24-3 1 12500



Surface Location Information:

API # Distance from
Nearest Town Direction from
Nearest Town Nearest Town Surface Location Type
6.5 miles SW Karnes City Land



Survey/Legal Location Information:

Section Block Survey Abstract # County
BRADBERRY, J 24 KARNES



Perpendicular surface location from two nearest designated lines:

Perpendiculars Distance Direction Distance Direction
Survey Perpendiculars 6000.0 feet from the NW line and 4700.0 feet from the NE line



Fields
District Field Name Field # Completion Depth Lease Name Well # Well Type Acres Distance to nearest well Distance to nearest Lease Line SWR Pooled/Unitized
02 SUGARKANE (CRETACEOUS)

Primary Field
86950500 12500 GONZALEZ 24-3 1 Gas Well 775.7 467.0 N
Perpendiculars Distance Direction Distance Direction
Surface Lease Lines 467.0 feet from the NW line and 1422.0 feet from the NE line

Section: Block: Survey:BRADBERRY, J
Abstract #: 24 County: KARNES
Name Profile Distance

So once upon on time we had 3 men
Gonzalez
Albert
Rudolph
who had a Reckling good time?

cyril

For anyone who interested theirs an update on the ASX via our aussie jvp's
cyril

Sems a few others reckon a good drilling update is imminent. Well worth going for at this sp level in my view.

there have to be better options ..... drilling update could just as easily be negative as positive

I used to be in this one...seems years ago....reading through all your posts ...I'm confused (not .com)(sorry couldn't resist that one !) as ever...don't know what to make of this one...if I had to pick at the moment between HAWK and EME...I'd go for the former !.

agreed, every time

Taken from another board, complete run down on the position of EME.

The CURRENT STATUS of the Block A & Block B wells in which Empyrean has a working interest are as follows:-

BLOCK A

JV Block A-1 (Kunde 3) horizontal well (last RNS 28/5/08)

Had been a difficult well to drill due to very high pressures and heat but there were consistent gas shows and flares whilst drilling and it seems to have encountered a natural fracture. An acid fracc with 5 sets of perforations over only 900' of the 2700' horizontal, produced "spectacular" flows of 2.5mmcf of gas and 950 brls. of concentrate per day from zone 1. Awaiting further developments.

JV Block A-2 (Kunde 2) vertical/directional well (last RNS 1/11/07)

Well completed to 12,032' TD in Oct 2007 and encountered the same promising zones as per Sugarloaf 1 etc. The well has been used to monitor the fraccing/testing of kunde 3. Plans for any further development still to be announced.

JV Block A-3 (Baker 1) horizontal well (last RNS 17/4/08)

Ceased a diificult drilling in Jan '08 ( due to high pressures/instability)at measured depth of 15,300' following gas shows and multiple flares over nearly all of the ~2800' of the horizontal section. Assumed to have encountered a natural fracture. Subsequently put on natural flow test (i.e. without stimulation) and latest flows reported at 2.2mmcf of gas and 560 brls. of concentrate per day from zone 1. Further development plans (including stimulation) still to be announced.

JV Block A-4 (Baker 2) horizontal well (last RNS 1/8/08)

Pilot hole vertical section completed on 1/8/08 to 12,756' and the logs showed gas shows over ~300' between 12,400-12,700' depth. Maximum gas readings reached 1325 units against a background average of ~50 units. Setting cement plugs in order to kick off and commence drilling of 6,000' horizontal.

Kunde 4 ( no RNS yet)

Application made on 19/8/08 to RRC of Texas for a horizontal well, See:- http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=KUNDE%2BNO.%2B1%2BGAS%2BUNIT&univDocNo=485239404

BLOCK B

Sugarloaf 1 Vertical well (last RNS 18/2/08)

Well completed in 2006 but currently shut-in awaiting test results from other wells. A fraccing attempt of zone 3 in Oct '07 produced minor quantities of gas & condensate, but also some water which was believed to have come from a deeper non-chalk strata accidentally penetrated by the frac.

Kennedy 1-H Horizontal well (last RNS 13/8/08)

Well completed in nov '07 but did not encounter any natural fractures and was not optimally completed as had to have a cement liner and a shorter than planned horizontal of approx 3600', a part of which had gone deeper than planned into zone 2.
A major fraccing attempt of the last 600' of the horizontal ( in zone 2) was not successful and most of the fraccing fluid remained in the well, but some minor production has still been reported ( latest figures 180m cu ft. of gas and 33 brls. of concentrate per day ). The well is currently shut-in whilst the operator prepares to install a production facility and ties it into a nearby gas transmission line. A decision as to whether to fracture stimulate the remaining 3000' of horizontal section will be made later.

Kowalik horizontal well (last RNS 26/8/08 by ADI)

Vertical pilot hole completed at 11,970' target depth and elevated gas readings through austin chalk section of up to ~400 units as compared to background gas readings of ~120 units. Now sidetracked and preparing to run production casing prior to drilling 6,000' horizontal section targeting zone 1.

The following wells have had permits applied for but are not confirmed as being in our JVP at this time. So I am making an assumption that may or may not be correct.

Weston 118-1 (No RNS yet)

Application made to RRC of Texas on 21/8/08 for a horizontal well. see http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=WESTON%2B118-1&univDocNo=485242660

Reckling 24-1 (No RNS yet)

Application made to RRC of Texas on 25/8/08 for a horizontal well.
see http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=RECKLING%2B24-1&univDocNo=485247910

Rudolph 28-2 (No RNS yet) (and not expected until xmas per "The Guardian")

Application made to RRC of Texas on 26/8/08 for a horizontal well.
see http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=RUDOLPH%2B28-2&univDocNo=485248008

Gonzalez 28-2 (no RNS yet)

Application made to RRC of Texas on 26/8/08 for a horizontal well.
see http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=GONZALEZ%2B24-3&univDocNo=485248010

Albert esse heirs 130-1 (No RNS yet)

Application made to RRC of Texas for a horizontal well.
see http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=ALBERT%2BESSE%2BHEIRS%2B130-1&univDocNo=485248014

GLANTAL
The Glantal (and Lautertal ) project is located near Frankfurt in Germany. Its Neues Bergland permit for exploration of deep anthracitic coal beds for natural gas on the Pfalzer anticline covers approx. 515 sq.kilometres. Empyrean has a 52% interest in a partnership with Pannonian international who are the operator and a 100% owned subsidiary of U.S. based Galaxy International. A well drilled in 2006 established a probable vertical seal over the coal beds but, despite some minor gas shows, the well was not commercial and was abandoned. Subsequently it emerged that the siting for the well had not been optimum due to errors in interpretation of old seismic data.

CURRENT STATUS Latest news:- RNS of 18/2/08

Working with Pannonian to finalise plans for a seismic programme to assist in defining future drill targets. A geophysicist consultant has been commisioned to analyse existing seismic data.

EAGLE
The Eagle project is a structural-stratigraphic play targeting an oil field pool in the San Joaquin Basin California with a P50 reserve estimate of 7.1 Million brls of recoverable oil and 12.3 billion cu.ft. of gas. Previous wells drilled to exploit this reserve have encountered technical difficulties, in part due to the nature of this fields Gatchell sands.
Empyrean, plus the Operator Victoria Petroleum and other Australian partners, drilled their Eagle North-1 appraisal well in 2005/6 and encountered oil shows, but technical difficulties with the horizontal section of the well eventually forced an abandonment.

CURRENT STATUS Latest news:-RNS of 18/2/08

The operator (Vic Pet) is attempting to farm down it's interests in this project. Empyrean maintains it's 38.5% interest and may seek to increase this and/or become the operator in due course.

MARGARITA

Empyrean farmed into Project Margarita, operated by Wandoo Energy in South Texas, in december '06 with a 44% working interest in an initial programme of 6 shallow wells, with an option to participate in deeper wells later. Subsequent drilling of the 6 shallow wells produced 3 commercial wells which are still producing enough oil & gas revenue to about cover Empyreans annual overhead costs.

CURRENT STATUS Latest news:- RNS of 18/2/08

Production continues from the 3 shallow discovery wells ( Dona Carlota, Agavero and Milagro) drilled in summer 2007. Production in January 08 was 32.104 mcf of gas and 1121 brls of oil.
At this stage, Empyrean has elected not to proceed with any of the Margarita deep projects as management feel that there are better risk Vs reward opportunities elsewhere.
cyril

Traders indicate that eme is a potential target in more ways than previously thought. The estimates at the sugarloaf-1 are now been established higher than estinates sugges. With the stock undervalued by a considerably amount. This company related to a higher value than current levels. This week will reveal for EME that this share price will move up dramatically to new highs.