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Empyrean Energy update on Margarita project


Published Jul 16, 2007
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Empyrean Energy update on Margarita project-Spotlight

Empyrean Energy PLC announces that the Climaco-1 well was spudded on the 12th July 2007. The Climaco Prospect is the third 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.


As with the successful wells in the first program, the tie in of any commercial discovery made on these prospects in this current three well program will be rapid as the project area is crossed by a number of gas pipelines with access rights and available capacity.

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%




   

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