Empyrean Energy provide the following update on production and operations at its Sugarloaf Project:

Highlights

• Production on a barrel of oil equivalent basis ("BOE") net to Empyrean increased by approximately 29% in the three months to December compared to the three months to September 2012 • Production on a barrel of oil equivalent basis ("BOE") net to Empyrean increased by approximately 34% from the three months to October compared to the three months to January 2013

Production

The following is a summary of wellhead production data received from the operator from wells at the Sugarloaf Project from July 2012 through to January 2013. All figures that are stated as "Net to EME" are calculated at the working interest percentage in each well and multiplied by the net revenue interest ("NRI") to give an amount due to Empyrean net of royalties but before any taxes.

Tags: Empyrean Energy