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Empyrean Energy provides update on Sugarloaf prospect


Published Jun 24, 2008
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Empyrean Energy update on Margarita project-Spotlight

Empyrean, the AIM listed oil and gas explorer and producer with assets in Germany and USA reports the following update:

Empyrean has been advised by Texas Crude Energy Incorporated ("TCEI"), the operator of Block B on the Sugarkane Gas and Condensate field, of the proposal to drill the Kowalik #1H well.

The well will spud as soon as the rig completes operations on another well and is mobilized to site, possibly by mid July. The well is engineered to take advantage of the knowledge gained from the work carried out to date within the field and an analogous offset field in the region.

It will target the upper pay interval that has successfully produced gas and condensate in the TCEI JV Block A-1 and A-3 wells. The well is planned to have a 6,000ft horizontal section.

Empyrean will have an 18% working interest in this well.

Tags: Empyrean Energy



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