Sugarloaf-1 Gas Indications

9 Nov 2006 07:43

Empyrean Energy PLC09 November 2006 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker: (EME)) Sugarloaf Hosston Prospect, Texas USA ------------------------------------- • GAS INDICATIONS IN THE PRIMARY TARGET HOSSTON FORMATION AIM quoted Empyrean Energy PLC today announces that at 6am Texas time on 8th November, the Sugarloaf-1 exploration well was drilling ahead at 18,361 feet(5,597 metres). Two gas shows over an aggregate of 79 feet (24 metres) were obtained whiledrilling between 18,192 feet and 18,315 feet. Total gas readings peaked at 295units from a background of about 30 units, and chromatography indicates the gasconsists dominantly of methane (C1), with ethane (C2), propane (C3) and tracebutane (C4). The economic significance of these gas indications will not be known untilwire-line logs, programmed to be run after the well has reach total depth, havebeen interpreted and flow testing, if warranted, has been evaluated. Drilling is continuing towards proposed total depth of 21,000 feet (6,400metres). The information contained in this announcement was completed and reviewed by theTechnical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who hasover 40 years experience as a petroleum geologist. For further information Laurence Read/ Ed PortmanConduit PRTel: +44 (0) 207 429 6605 / +44 (0) 7979955923 Empyrean Energy plcTel : +44(0) 207 932 2442 Imran Ahmad/ Cecil JordaanHB-CorporateTel: +44(0) 207 510 8600 This information is provided by RNS The company news service from the London Stock Exchange