Project Margarita Update

21 May 2007 08:02

Empyrean Energy PLC21 May 2007 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker: (EME)) Project Margarita, Gulf Coast Texas USA • Final shallow drilling program commences with spud in of Agavero #1 well AIM quoted Empyrean Energy PLC today announces the following update withregards the drilling program at Margarita: Following on from the successful Project Margarita Initial Wells program onthe El Viejito, Dos Dedos and Milagro Prospects, the operator has advisedEmpyrean that the Final Wells program is now underway with the spud of theAgavero #1 well at the weekend. Further advice on progress of the wellprogram will be given when significant developments necessitate advice. Background The shallow prospects to be drilled in the Final Wells programs are againanalogues of historic prolific Frio and Vicksburg sands production in theproject area at