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Date/Time	Headline	Source
1
Thu 07:03	Empyrean Energy PLC - Sugarloaf Block B Update	RNS
RNS Number : 7530C Empyrean Energy PLC 19 November 2009 19th November 2009 Empyrean Energy PLC ('Empyrean' or the 'Company', (EME)) Sugarloaf Project, Block B, onshore Texas, USA. Empyrean Energy Plc is pleased to provide the market with an update on preparations within the Sugarloaf Area of Mutual Interest ("AMI") for the first phase of farm-in work scope as outlined in the recent announcement dated 6th October 2009. The detailed planning for the fracture stimulation of each of the three horizontal wells has now been completed. The operator of the Sugarloaf Project, Texas Crude Energy Inc ("TCEI"), intends to carry out 'multi -staged' fracture stimulations along the horizontal section of each of the Kennedy-1H, Kowalik-1H and Weston-1H wells. Each stage will be individually hydraulically stimulated using a design that has proved effective elsewhere in the play, that stage is then isolated and the process repeated further up the liner. At Kowalik-1H, where it was not possible to recover the slotted liner, the slotted section will be stimulated with a single larger treatment and the conventional solid section of the liner will be treated in a similar fashion to the other two wells. Once treated, the wells will be brought on line to sales. Each well has now been prepared with the production tubing being pulled at Kennedy -1H and Kowalik-1H. The horizontal liners of all three wells are presently being washed out and clean water left behind ahead of the stimulations. At Weston-1H, production facilities are being installed, including a pipeline connection to the Kennedy-1H location to utilise the existing tie-in to a major export gas pipeline. Progress to date and the availability of equipment indicates that the likely start of the fracture operations will be during December. Each stimulation will take approximately 10 - 14 days. A further announcement will be made when these operations commence. Following the successful farm-out to Hilcorp Energy, Empyrean retains the following working interests ("WI") in Block B wells: `Kennedy-1H 9% WI` `Kowalik-1H 10.2% WI` `Weston-1H 3% WI` `Future Block B wells 3% WI` Contact: `Tom Kelly Empyrean Energy Plc Tel: +618 93216988` Nominated Adviser and Broker: `Jerry Keen Astaire Securities Plc Tel: +44 (0) 20 7448 4400` `Shane Gallwey Astaire Securities Plc Tel: +44 (0) 20 7448 4400` This information is provided by RNS The company news service from the London Stock Exchange END MSCFFASMUSUSEIF More
Mon 09:17	Empyrean Energy encounters more fractures at Texan well	AFX UK Focus
OPERATOR PREPARES FOR COMPLETION OF QUINN 3H WELL `* Co earning 10 pct working interest in project` `* Shares up 3 pct` (Adds details) `Nov 16 (Reuters) - Oil and gas explorer Empyrean Energy Plc said the Quinn 3H well at its Riverbend project in Texas, United States, encountered additional significant and minor fractures.` `Empyrean, which earns a 10 percent working interest in the project, said the operator Krescent Energy Co and joint venture partners had agreed to stop drilling and prepare for completion.` "The number of fractures and gas pressures encountered generally compares favourably with successful longer horizontal wells drilled by operators to the north of the Riverbend Project area," the company said in a statement. `The project has an estimated recoverable hydrocarbon potential of 800 billion cubic feet gas equivalent, the company said.` `The company's shares rose as high as 18.8 percent to 19 pence in early trade, but later shed their gains to trade up 3 percent at 16.5 pence by 0901 GMT on the London Stock Exchange.` (Reporting by Purwa Naveen Raman in Bangalore; Editing by Aradhana Aravindan) Keywords: EMPYREANENERGY/ (purwa.naveen@thomsonreuters.com; +91 80 4135 5800; Reuters Messaging: purwa.naveen.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Mon 07:01	Empyrean Energy PLC - Drilling Report	RNS
RNS Number : 5436C Empyrean Energy PLC 16 November 2009 16th November 2009 Empyrean Energy PLC ('Empyrean' or the 'Company', (EME)) Riverbend Project, onshore Texas, USA. OPERATOR CALLS TOTAL DEPTH AT THE QUINN 3H WELL AND PREPARES FOR COMPLETION. MORE GAS AND FRACTURES ENCOUNTERED. Empyrean Energy Plc is pleased to announce that it has been advised by Krescent Energy Company LLC ("Krescent"), the operator of the Riverbend Project in Texas, that drilling at the Quinn 3H well had progressed to a measured depth of 16,641 feet where Total Depth ("TD") was called at 2am on 13th November 2009. Since the last report, further significant and minor fractures have been encountered. The well plan had allowed for up to 5000 feet of horizontal to be drilled. The operator and JV partners have agreed to cease drilling and prepare for completion as multiple significant fractures and numerous smaller fractures have been encountered since entering the target zone. The number of fractures and gas pressures encountered generally compares favorably with successful longer horizontal wells drilled by operators to the north of the Riverbend Project area. Forward operations will include running production casing prior to preparing for testing of the well. A sales pipeline is already connected to the well site allowing for the well to be production tested direct to sales. Empyrean is earning a 10% working interest in the Riverbend Project. Further updates will be provided as significant events occur. The information contained in this announcement was reviewed by the Technical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who has over 40 years experience as a petroleum geologist. Commenting today, Empyrean Director Tom Kelly said "Empyrean is excited to be commencing preparations to test the first well on the Riverbend Project. This project has an estimated recoverable hydrocarbon potential of 800 billion cubic feet gas equivalent. It will be interesting to see how the Quinn 3H well responds during the testing phase with a relatively short horizontal section." Contact: `Tom Kelly Empyrean Energy Plc Tel: +618 93216988` Nominated Adviser and Broker: `Jerry Keen Astaire Securities Plc Tel: +44 (0) 20 7448 4400` `Shane Gallwey Astaire Securities Plc Tel: +44 (0) 20 7448 4400` This information is provided by RNS The company news service from the London Stock Exchange END DRLIIFERLVLRLIA More
10-11-09	UPDATE 1-Empyrean encounters multiple gas flares at Texan well	AFX UK Focus
SAYS FLARES INCLUDE MULTIPLE FLARES OVER 100 FT IN HEIGHT `* Shares rise as much as 27 pct` (Adds details) `Nov 10 (Reuters) - Oil and gas explorer Empyrean Energy Plc said the Quinn 3H well being drilled at its Riverbend project in Texas, United States, encountered multiple significant gas flares, sending its shares up as much as 27 percent.` `The company said the gas flares included multiple flares over 100 feet in height and one over 200 feet.` `"The number and significance of the fractures and flares have exceeded the operator's (Krescent Energy Co LLC) expectation for the footage of horizontal drilled up to this point," Empyrean said in a statement.` `However, the company warned that no conclusions should be drawn from the observations to date, until drilling operations were completed and the well was production tested. The flares are being analysed further to decide on how much further drilling is needed, however, it is highly likely that it will not be necessary to drill the planned 5,000 feet of horizontal, Empyrean said.` `Empyrean shares were trading up 13.3 percent at 17 pence at 1015 GMT. They touched a high of 19.02 pence earlier in the session.` (Reporting by Kumar Alagappan in Bangalore; Editing by Ratul Ray Chaudhuri) Keywords: EMPYREANENERGY/ (kumar.alagappan@thomsonreuters.com; +91 80 4135 5800; Reuters Messaging: kumar.alagappan@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
10-11-09	BRIEF-Empyrean Energy says gas flares at Quinn 3H	AFX UK Focus
LONDON, Nov 10 (Reuters) - Empyrean Energy Plc: QUINN 3H ENCOUNTERS MULTIPLE SIGNIFICANT GAS FLARES WHILST DRILLING ((London Equities Newsroom; +44 20 7542 7717)) ((For more news, please click here)) `LONDON, Nov 10 (Reuters) - Empyrean Energy Plc:` QUINN 3H ENCOUNTERS MULTIPLE SIGNIFICANT GAS FLARES WHILST DRILLING ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
10-11-09	BRIEF-Empyrean Energy says gas flares at Quinn 3H	AFX UK Focus
LONDON, Nov 10 (Reuters) - Empyrean Energy Plc: QUINN 3H ENCOUNTERS MULTIPLE SIGNIFICANT GAS FLARES WHILST DRILLING ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
10-11-09	Empyrean Energy PLC - Drilling Report	RNS
RNS Number : 2360C Empyrean Energy PLC 10 November 2009 10th November 2009 Empyrean Energy PLC ('Empyrean' or the 'Company', (EME)) Riverbend Project, onshore Texas, USA. QUINN 3H ENCOUNTERS MULTIPLE SIGNIFICANT GAS FLARES WHILST DRILLING. INCLUDING MULTIPLE FLARES OVER 100 FEET IN HEIGHT AND ONE OVER 200 FEET. OPERATOR DRILLING AHEAD. Empyrean Energy Plc is pleased to announce that it has been advised by Krescent Energy Company LLC ("Krescent"), the operator of the Riverbend Project in Texas, that drilling had progressed to a measured depth of 16,383 feet from a vertical depth of 15,054 feet. Since "spudding" of the well on the 2nd September 2009, Krescent has successfully prepared the well for horizontal drilling, including running a cement bond log. This bond log necessitated remedial operations which were completed successfully. A window was then milled in the casing in order to horizontally drill ahead to the current measured depth. During drilling, multiple fractures have been encountered that have all exhibited significant gas flares and influx of gas into the drilling mud. Although highly encouraging, these gas kicks require extreme operational caution and necessitate drilling to be momentarily stopped whilst the gas that has invaded the drilling mud is circulated out of the well. The number and significance of the fractures and flares have exceeded the operator's expectation for the footage of horizontal drilled up to this point. This is positive and is being analysed further to decide upon how much further to drill ahead. No decision has been made on this, however it is highly likely that it will not be necessary to drill the planned 5000 feet of horizontal. Further announcements will be made as significant developments occur. No conclusions should be drawn from the observations to date, until drilling operations have completed and the well has been production tested. Contact: `Tom Kelly Empyrean Energy Plc Tel: +618 93216988` Nominated Adviser and Broker: `Jerry Keen Astaire Securities Plc Tel: +44 (0) 20 7448 4400` `Shane Gallwey Astaire Securities Plc Tel: +44 (0) 20 7448 4400` This information is provided by RNS The company news service from the London Stock Exchange END DRLIFFSFLSLAIIA More
30-10-09	Empyrean Energy PLC - Holding(s) in Company	RNS
RNS Number : 6591B Empyrean Energy PLC 30 October 2009 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES `1. Identity of the issuer or the underlying issuer of Empyrean Energy Plc` existing shares to which voting rights are attached: 2 Reason for the notification (please tick the appropriate box or boxes): `Yes` An acquisition or disposal of voting rights An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): `3. Full name of person(s) subject to the Barclays Plc` notification obligation: `4. Full name of shareholder(s) (if Barclays Stockbrokers Ltd` `different from 3.): Gerrard Investment Management Ltd` `5. Date of the transaction and date on 22 October 2009` which the threshold is crossed or reached: `6. Date on which issuer notified: 23 October 2009` `7. Threshold(s) that is/are crossed or 11% to 10%` reached: 8. Notified details: A: Voting rights attached to shares `Class/type of Situation previous Resulting situation after the triggering transaction` `shares to the triggering` `transaction` if possible using the ISIN CODE `Number Number Number Number of voting % of voting` `of of of shares rights rights` `Shares Voting` `Rights` `Direct Direct Indirect Direct Indirect` `10.92` `13,284,513 13,284,513 12,999,049 0 12,999,049 0` GB00B09G2351 B: Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Expiration Exercise/ Number of voting % of voting` `instrument date Conversion rights that may be rights` `Period acquired if the` `instrument is` `exercised/` `converted.` N/A N/A N/A N/A N/A C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights` `instrument price date Conversion rights instrument` `period refers to` `Nominal Delta` N/A N/A N/A N/A N/A N/A N/A Total (A+B+C) Number of voting rights Percentage of voting rights `12,999,049 10.92` 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Barclays Stockbroker Ltd Gerrard Investment Management Ltd Proxy Voting: `10. Name of the proxy holder: N/A` `11. Number of voting rights proxy holder will cease to hold: N/A` `12. Date on which proxy holder will cease to hold voting rights: N/A` `13. Additional information: N/A` `14. Contact name: Geoff Smith` 15. Contact telephone number: 020 7116 2913 This information is provided by RNS The company news service from the London Stock Exchange END HOLMMBLTMMJJMJL More
28-10-09	Empyrean Energy PLC - Holding(s) in Company	RNS
RNS Number : 4980B Empyrean Energy PLC 28 October 2009 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES `1. Identity of the issuer or the underlying issuer of EMPYREAN ENERGY PLC` existing shares to which voting rights are attached: 2 Reason for the notification (please tick the appropriate box or boxes): YES An acquisition or disposal of voting rights An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): `3. Full name of person(s) subject to the BARCLAYS PLC` notification obligation: `4. Full name of shareholder(s) (if BARCLAYS STOCKBROKERS LTD` `different from 3.): GERRARD INVESTMENT MANAGEMENT LTD` `5. Date of the transaction and date on 21 OCTOBER 2009` which the threshold is crossed or reached: `6. Date on which issuer notified: 22 OCTOBER 2009` `7. Threshold(s) that is/are crossed or 10% TO 11%` reached: 8. Notified details: A: Voting rights attached to shares `Class/type of Situation previous Resulting situation after the triggering transaction` `shares to the triggering` `transaction` if possible using the ISIN CODE `Number Number Number Number of voting % of voting` `of of of shares rights rights` `Shares Voting` `Rights` `Direct Direct Indirect Direct Indirect` `GB00B09G2351 12,963,169 12,963,169 13,284,513 0 13,284,513 0 11.15` B: Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Expiration Exercise/ Number of voting % of voting` `instrument date Conversion rights that may be rights` `Period acquired if the` `instrument is` `exercised/` `converted.` N/A N/A N/A N/A N/A C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights` `instrument price date Conversion rights instrument` `period refers to` `N/A N/A N/A N/A N/A Nominal Delta` N/A N/A Total (A+B+C) Number of voting rights Percentage of voting rights `13,284,513 11.15` 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Proxy Voting: `10. Name of the proxy holder: N/A` `11. Number of voting rights proxy holder will cease to hold: N/A` `12. Date on which proxy holder will cease to hold voting rights: N/A` `13. Additional information: N/A` `14. Contact name: GEOFF SMITH` `15. Contact telephone number: 020 7116 2913` This information is provided by RNS The company news service from the London Stock Exchange END HOLMPBLTMMATMJL More
06-10-09	BRIEF-Empyrean says work at Sugarloaf Block B accelerates	AFX UK Focus
LONDON, Oct 6 (Reuters) - Empyrean Energy Plc: SIGNIFICANT ACCELERATION OF ACTIVITY ON BLOCK B OVER THE COMING MONTHS ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
06-10-09	Empyrean Energy PLC - Sugarloaf Block B Work Program	RNS
RNS Number : 2897A Empyrean Energy PLC 06 October 2009 6 October 2009 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker: (EME)) Sugarloaf Project, ("Sugarloaf"), Block B, Texas USA SUGARLOAF BLOCK B WORK PROGRAM Empyrean is pleased to announce that it has been advised by Texas Crude Energy Inc ("TCEI"), the operator of Block B on the Sugarloaf Project that is part of the Sugarkane Gas & Condensate Field ("Sugarkane") in onshore Texas, USA, that planning and initial preparatory work has commenced on the stimulation and completion program for the three existing horizontal wells within Block B. This work forms the first stage of the workscope required to be funded by Hilcorp Energy ("Hilcorp") to earn its interests as per the recently announced farmin deal. The wells will be stimulated using a fracture design that is based upon recent operations within the Eagle Ford Shale trend as well as taking account of the specific nature of the Sugarkane field. TCEI has advised that the major part of the work program is likely to start in November 2009, subject to the availability of rigs and equipment. In preparation for the fracture stimulation operations shallow water wells will be drilled and holding pits will be dug at each well location. This work has commenced at the Weston-1H well. Prior to this a rig will be mobilised to the Kowalik-1H well location to attempt to pull the slotted liner which was originally deployed in the horizontal open hole of this well. If successful the rig will then run and cement a conventional liner and the well will be fracture stimulated in similar fashion to that planned for the other two horizontal wells. If the slotted liner is unable to be recovered, it is likely that an acid stimulation will be attempted on the well. This alternative treatment has been successfully applied locally within the Austin Chalk. In addition, planning has commenced for a 2010 drilling program as part of the recently announced farmin deal, with the first wells drilled in this program likely to be within Block B. Under the terms of the farmout agreement all 3 new horizontal wells must have started by mid-2011 for Hilcorp to qualify for its full interest in Sugarloaf. Whilst this program of work remains subject to change, it does represent a significant acceleration of activity on Block B over the coming months. In addition to the Sugarloaf Block B wells, Hilcorp will also be involved in drilling up to 7 additional wells targeting the same play in adjoining acreage. As a result of this activity and the significant number of wells scheduled for drilling by competitor companies in the Eagle Ford Shale regional play near to the Sugarloaf Project, we can expect to see continuous improvement in the understanding of and value of our asset. For further information Empyrean Energy plc Tom Kelly Tel: +618 9321 6988 Astaire Securities Plc Shane Gallwey / Jerry Keen Tel: +44 (0)207 448 4400 This information is provided by RNS The company news service from the London Stock Exchange END MSCEAKEKEFKNFEE More
01-10-09	Empyrean Energy PLC - Holding(s) in Company	RNS
RNS Number : 0319A Empyrean Energy PLC 01 October 2009 1 October 2009 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker (EME)) TR-1: Notifications of Major Interests in Shares `1. Identity of the issuer or the underlying issuer of Empyrean Energy Plc` existing shares to which voting rights are attached: 2. Reason for notification (yes/no) `Yes` An acquisition or disposal of voting rights An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An event changing the breakdown of voting rights Other (please specify):______________ `3. Full name of person(s) subject to Barclays Plc` notification obligation: `4. Full name of shareholder(s) Barclays Stockbrokers Ltd` `(if different from 3): Gerrard Investment` `Management Ltd` `5. Date of transaction (and date on which 23 September 2009` the threshold is crossed or reached if different): `6. Date on which issuer notified: 24 September 2009` `7. Threshold(s) that is/are crossed or 11% to 10%` reached: 8: Notified Details A: Voting rights attached to shares `Class/type of shares Situation previous to the triggering Resulting situation after the triggering transaction` `If possible use ISIN code transaction` `Number of shares Number of voting Number of shares Number of voting Percentage of voting` `rights rights rights` `Direct Indirect Direct Indirect` `GB00B09G2351 13,175,948 13,175,948 12,941,043 0 12,941,043 0 10.87` B: Financial Instruments Resulting situation after the triggering transaction Type of financial instrument Expiration date Exercise/ conversion No. of voting rights Percentage of voting `period/date that may be acquired rights` `(if the instrument` `exercised/converted)` N/A N/A N/A N/A N/A C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial instrument Exercise Price Experation date Number of voting Percentage of voting` `rights instrumental rights` `refers to` N/A N/A N/A N/A N/A Total (A+B+C) Number of voting rights Percentage of voting rights `12,941,043 10.87` 9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable: Barclays Stockbroker Ltd Gerrard Investment Management Ltd Proxy Voting: `10. Name of proxy holder: N/A` `11. Number of voting rights proxy holder will cease to hold: N/A` 12. Date on which proxy holder will cease to hold voting rights: N/A `13. Additional information: N/A` `14 Contact name: Geoff Smith` 15. Contact telephone number: 020 7116 2913 For further information Empyrean Energy plc Tom Kelly Tel: (+61) 8 9321 6988 Blue Oar Securities Plc Jerry Keen / Shane Gallwey (+44) 207 448 4400 This information is provided by RNS The company news service from the London Stock Exchange END HOLMBBRTMMAMMLL More
21-09-09	UPDATE 1-Empyrean says Texas Crude farms out Sugarloaf block B	AFX UK Focus
SAYS TEXAS CRUDE ENERGY FARMS OUT BLOCK B TO HILCORP * SEES FIELD OPS TO BEGIN PROMPTLY * EMPYREAN SHARES RISE 19 PERCENT (Adds details) `Sept 21 (Reuters) - Empyrean Energy Plc said on Monday that Texas Crude Energy, which operates the block B at Sugarkane gas and condensate field in Texas, had farmed out the block to privately held oil and gas major Hilcorp Energy Co.` `Empyrean shares rose to their highest in 11 months in morning trade.` `The company also said it expected field activities there to begin "promptly".` `Under the deal, Hilcorp would earn an interest in block B of the Sugarloaf project incrementally as each farm-in activity is completed up to 50 percent of Empyrean's stake in the block, it said.` `The program has a series of deadlines over the next 20 months and no interest would be earned unless the agreed work is completed, the oil and gas explorer said.` `"It gives Empyrean and its partners the best chance of unlocking significant value from the Austin Chalk and Eagleford Shale plays within the field. In addition, it allows Empyrean to focus on its other high impact projects immediately," Executive Director Tom Kelly said in a release.` `Hilcorp is one of the largest private exploration and production companies in the United States with operations based primarily in the Gulf coast region and Powder River Wyoming, Empyrean said.` `Empyrean's pre-farm-out working interest across block B is 6 percent, it said.` `Empyrean shares were up 19 percent at 21.75 pence at 0825 GMT on the London Stock Exchange. They touched a year-high of 24.75 pence earlier in the session.` (Reporting by Tresa Sherin Morera in Bangalore; Editing by Gopakumar Warrier) Keywords: EMPYREAN/ (tresa.sherin@thomsonreuters.com; +91 80 4135 5800; Reuters Messaging: tresa.sherin@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
21-09-09	BRIEF-Empyrean farms out Sugarloaf block to Hilcorp	AFX UK Focus
LONDON, Sept 21 (Reuters) - Empyrean Energy Plc: SUCCESSFUL FARM-OUT OF BLOCK B TO MAJOR US OIL AND GAS COMPANY HILCORP ENERGY COMPANY FIELD ACTIVITIES ARE EXPECTED TO COMMENCE PROMPTLY ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
21-09-09	Empyrean Energy PLC - Farm-out of Block B Sugarloaf	RNS
RNS Number : 3656Z Empyrean Energy PLC 21 September 2009 21 September 2009 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker: (EME)) Sugarloaf Project, ("Sugarloaf"), Block B, Texas USA SUCCESSFUL FARM-OUT OF BLOCK B TO MAJOR US OIL AND GAS COMPANY FREE CARRIED WORK PROGRAM TO COMMENCE SHORTLY Empyrean Energy Plc is pleased to advise that Texas Crude Energy Inc ("TCEI") has been successful in its efforts to farm out Block B in the Sugarloaf Project, part of the Sugarkane gas and condensate field, in Texas, USA. TCEI have signed a farm out agreement with Hilcorp Energy Company ("Hilcorp"), estimated to be the 4th largest private E&P company in the USA, and field activities are expected to commence promptly. A brief description of Hilcorp is included at the end of this announcement. The key elements of this farmout for Empyrean are as follows:- THE FARM-IN BY AN ESTABLISHED AND MATERIAL COMPANY SUCH AS HILCORP TO THE SUGARKANE FIELD IS A SIGNIFICANT ENDORSEMENT OF THE MULTI-TCFE POTENTIAL OF THIS GAS AND CONDENSATE ASSET. HILCORP HAS CONSIDERABLE OPERATING EXPERIENCE IN ONSHORE USA. EMPYREAN WILL BE FREE-CARRIED FOR THE DRILLING, COMPLETION AND TIE IN OF UP TO 3 NEW HORIZONTAL WELLS AND THE STIMULATION OF THE THREE EXISTING SUGARLOAF HORIZONTAL WELLS; KENNEDY-1H, KOWALIK-1H AND WESTON-1H. THIS WILL ESTABLISH A TOTAL OF 6 WELLS ON PRODUCTION ACROSS BLOCK B. UNDER THE TERMS OF THE FARM-OUT THIS WORK PROGRAM HAS A SERIES OF DEADLINES OVER THE NEXT 20 MONTHS. NO INTEREST WILL BE EARNED UNLESS THE AGREED WORK PROGRAMS ARE COMPLETED. HILCORP WILL EARN AN INTEREST IN BLOCK B INCREMENTALLY AS EACH FARM-IN ACTIVITY IS COMPLETED UP TO A MAXIMUM OF 50% OF EMPYREAN'S INTEREST IN BLOCK B. Empyrean's pre-farm-out working interest across Block B is 6%. Commenting today Empyrean Executive Director -Tom Kelly said "This farm-out is an excellent outcome for Empyrean and its partners in the Sugarloaf Project. Importantly, it achieves the stated goals of generating significant momentum for the project and allowing the acreage position to be actively managed. It gives Empyrean and its partners the best chance of unlocking significant value from the Austin Chalk and Eagleford Shale plays within the field. In addition, it allows Empyrean to focus on its other high impact projects immediately". Hilcorp Energy Company Hilcorp was founded 20 years ago and is now the 4th largest private E&P company in the USA* with operations based primarily in the Gulf coast region and Powder River Wyoming. The company is headquartered in Houston, Texas and has a demonstrated record of commercialising their investments. The company has an annual production of 15.8 mmboe* of oil and a staff of over 600 professionals and is an experienced operator in the USA. (* Source Oil and Gas Financial Journal) For further information Empyrean Energy plc Tom Kelly Tel: +618 9321 6988 Astaire Securities Plc Shane Gallwey / Jerry Keen Tel: (+44) 207 448 4400 This information is provided by RNS The company news service from the London Stock Exchange END MSCPUUBCBUPBUQG More
18-09-09	Empyrean Energy PLC - Update Eagle Oil Pool Development Project	RNS
RNS Number : 2849Z Empyrean Energy PLC 18 September 2009 18th September 2009 Empyrean Energy PLC ('Empyrean' or the 'Company', (EME)) Eagle Oil Pool Development Project, California, USA NEW OPERATOR PLANS BEING FINALISED TO COMMENCE 3D SEISMIC OVER THE PROJECT NEW APPROACH INCLUDING ADDITIONAL SHALLOW TARGETS EMPYREAN HAS 48.5% INTEREST IN THE PROJECT Empyrean Energy Plc is pleased to announce that it has been advised by R&M Oil and Gas Ltd ("R&M") that they have acquired Victoria Petroleum USA Inc. Victoria Petroleum USA Inc was a wholly owned subsidiary of ASX listed Vicpet Ltd and were the operators of the Eagle Oil Pool Development Project in the San Joaquin Basin, California, where Empyrean has a 48.5 working interest in the project. R&M are the new operators. R&M has been involved in the oil and gas business for over 20 years and the principals of R&M have over 50 years combined experience. The controlling principal of R&M has been involved in exploration and production in California since 1984. R&M is currently finalising discussions with the JV partners in regards to the acquisition of approximately 20 square miles of 3D seismic over the project area. The seismic acquisition will evaluate at least two other shallower zones of interest in addition to the Gatchell Sands that are known to contain oil. Further announcements will be made as significant developments occur. Commenting today, Empyrean Director Tom Kelly said "This is exciting news for Empyrean. The Eagle project has been in limbo for such a long time now. We are pleased that the team at R&M have acquired an interest in the project and we now have plans to move forward once more." Contact: `Tom Kelly Empyrean Energy Plc Tel: +618 93216988` Nominated Adviser and Broker: `Jerry Keen Astaire Securities Plc Tel: +44 (0) 20 7448 4400` `Shane Gallwey Astaire Securities Plc Tel: +44 (0) 20 7448 4400` This information is provided by RNS The company news service from the London Stock Exchange END MSCLPMFTMMABMBL More
10-09-09	Empyrean Energy PLC - Holding(s) in Company	RNS
RNS Number : 8355Y Empyrean Energy PLC 10 September 2009 Empyrean Energy PLC (Empyrean or the "Company; Ticker (EME)) TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuer of `existing shares to which voting rights are attached: Empyrean Energy Plc` 2 Reason for the notification (please tick the appropriate box or boxes): `Yes` An acquisition or disposal of voting rights An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): `3. Full name of person(s) subject to the Barclays Plc` notification obligation: `4. Full name of shareholder(s) (if Barclays Stockbrokers Ltd` `different from 3.): Gerrard Investment Management Ltd` `5. Date of the transaction and date on 4 September 2009` which the threshold is crossed or reached: `6. Date on which issuer notified: 7 September 2009` `7. Threshold(s) that is/are crossed or 10% to 11%` reached: 8. Notified details: A: Voting rights attached to shares `Class/type of Situation previous Resulting situation after the triggering transaction` `shares to the triggering` `transaction` if possible using the ISIN CODE `Number Number Number Number of voting % of voting` `of of of shares rights rights` `Shares Voting` `Rights` `Direct Direct Indirect Direct Indirect` `12,706,437 12,706,437 13,203,147 0 13,203,147 0 11.09` GB00B09G2351* B: Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Expiration Exercise/ Number of voting % of voting` `instrument date Conversion rights that may be rights` `Period acquired if the` `instrument is` `exercised/` `converted.` N/A N/A N/A N/A N/A C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights` `instrument price date Conversion rights instrument` `period refers to` `N/A N/A N/A N/A N/A Nominal Delta` N/A N/A Total (A+B+C) Number of voting rights Percentage of voting rights `13,203,147 11.09` 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Barclays Stockbroker Ltd Gerrard Investment Management Ltd Proxy Voting: `10. Name of the proxy holder: N/A` `11. Number of voting rights proxy holder will cease to hold: N/A` `12. Date on which proxy holder will cease to hold voting rights: N/A` `13. Additional information: N/A` `14. Contact name: Geoff Smith` `15. Contact telephone number: 020 7116 2913` This information is provided by RNS The company news service from the London Stock Exchange END HOLLMMPTMMABMRL More
03-09-09	Empyrean Energy PLC - Riverbend Project commencement of operations	RNS
RNS Number : 4510Y Empyrean Energy PLC 03 September 2009 3rd September 2009 Empyrean Energy PLC ('Empyrean' or the 'Company', (EME)) Riverbend Project, onshore Texas, USA. RIG-UP AND PRE-OPERATION SAFETY TESTING COMPLETE AT QUINN 3H WELL. WELL HAS BEEN "SPUDDED" AND OPERATIONS HAVE NOW COMMENCED. Empyrean Energy Plc is pleased to announce that it has been advised by Krescent Energy Company LLC ("Krescent"), the operator of the Riverbend Project in Texas, that rig-up at the Quinn 3H well has now been completed with "spudding" of the well occurring at approximately 10.00pm (Houston, USA Time) on the 2nd September 2009. Initial operations will involve going back into the vertical part of the Quinn 3H well that is behind casing to condition the hole in preparation to test the casing and run a cement bond log. Following these operations the operator will mill a new window in the casing in order to commence drilling the horizontal section of the well. Further announcements will be made as significant developments occur. Contact: `Tom Kelly Empyrean Energy Plc Tel: +618 93216988` Nominated Adviser and Broker: `Jerry Keen Blue Oar Securities Plc Tel: +44 (0) 20 7448 4400` `Shane Gallwey Blue Oar Securities Plc Tel: +44 (0) 20 7448 4400` Further information on the Riverbend Project The project area comprises a total of approximately 40,000 acres under lease or option and an area of mutual interest totaling 50,000 acres targeting the Austin Chalk and shallower Saratoga Chalk plays. A first well has been drilled on the project - the Quinn 3H well which encountered multiple gas flares and shows in the primary target zone before hitting a very high pressure gas zone that ultimately resulted in a blowout. Krescent took remedial action and was able to plug the vertical section of the well but lost the final 1000 feet of horizontal. The plan moving forward is to re-enter this well with a rig with greater pump capacity, specifically designed to handle the higher gas pressures similar to those encountered during the first attempt, mill a new window, and drill up to an estimated 5000 foot horizontal lateral to complete the well in the Austin Chalk B zone. The well has a sales pipeline already connected and upon successful completion of the horizontal the well will be flow tested direct to sales. The project comes with access to Krescent's 60 square miles of proprietary 3-D seismic coverage. This information is provided by RNS The company news service from the London Stock Exchange END DRLSSLSMDSUSELU More
01-09-09	Empyrean Energy PLC - Holding(s) in Company	RNS
RNS Number : 3047Y Empyrean Energy PLC 01 September 2009 1 September 2009 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker (EME)) TR-1: Notifications of Major Interests in Shares `1. Identity of the issuer or the underlying issuer of Empyrean Energy Plc` existing shares to which voting rights are attached: 2. Reason for notification (yes/no) `Yes` An acquisition or disposal of voting rights An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An event changing the breakdown of voting rights Other (please specify):______________ `3. Full name of person(s) subject to Barclays Plc` notification obligation: `4. Full name of shareholder(s) Barclays Stockbrokers Ltd` `(if different from 3): Gerrard Investment` `Management Ltd` `5. Date of transaction (and date on which 26 August 2009` the threshold is crossed or reached if different): `6. Date on which issuer notified: 27 August 2009` `7. Threshold(s) that is/are crossed or 9% to 10%` reached: 8: Notified Details A: Voting rights attached to shares `Class/type of shares Situation previous to the triggering Resulting situation after the triggering transaction` `If possible use ISIN code transaction` `Number of shares Number of voting Number of shares Number of voting Percentage of voting` `rights rights rights` `Direct Indirect Direct Indirect` `GB00B09G2351 11,570,282 11,570,282 12,072,710 0 12,072,710 0 10.14` B: Financial Instruments Resulting situation after the triggering transaction Type of financial instrument Expiration date Exercise/ conversion No. of voting rights Percentage of voting `period/date that may be acquired rights` `(if the instrument` `exercised/converted)` N/A N/A N/A N/A N/A C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial instrument Exercise Price Experation date Number of voting Percentage of voting` `rights instrumental rights` `refers to` N/A N/A N/A N/A N/A Total (A+B+C) Number of voting rights Percentage of voting rights `12,072,710 10.14` 9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable: Barclays Stockbroker Ltd Gerrard Investment Management Ltd Proxy Voting: `10. Name of proxy holder: N/A` `11. Number of voting rights proxy holder will cease to hold: N/A` 12. Date on which proxy holder will cease to hold voting rights: N/A `13. Additional information: N/A` `14 Contact name: Geoff Smith` 15. Contact telephone number: 020 7116 2913 For further information Empyrean Energy plc Tom Kelly Tel: (+61) 8 9321 6988 Blue Oar Securities Plc Jerry Keen / Shane Gallwey (+44) 207 448 4400 This information is provided by RNS The company news service from the London Stock Exchange END HOLLBMLTMMIMMTL More

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