Share Name Share Symbol Market Type Share ISIN Share Description
Empyrean LSE:EME London Ordinary Share GB00B09G2351 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25p -1.57% 15.625p 15.50p 15.75p 15.875p 15.625p 15.875p 1,075,058 12:01:46
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -10.5 -3.7 - 62.34

Empyrean Energy PLC Mako South-1 Well Drilling Update

19/06/2017 8:17am

UK Regulatory (RNS & others)


Empyrean (LSE:EME)
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RNS Number : 4395I

Empyrean Energy PLC

19 June 2017

Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas

19 June 2017

Empyrean Energy PLC ("Empyrean" or the "Company")

Mako South-1 Well Drilling Update

Empyrean Energy plc, the oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce the following update on its Indonesian operations:

   --     Drilling operations commenced last Friday night 16 June 2017 Jakarta time 

-- Operations ran smoothly over the weekend with the 13 3/8 inch casing string run to a depth of 927 feet and successfully cemented

-- Operations ran smoothly today whereby drilling had reached a second section depth of 1,330 feet in order to set and cement 9 5/8 inch casing

Mako South-1 well Duyung PSC Indonesia

The Company has been advised by Conrad Petroleum that drilling operations commenced on Friday night 16 June 2017 and that over the weekend drilling had reached the planned depth of 927 feet where 13 3/8 inch casing was successfully run, set and cemented.

Drilling has now reached the planned depth of 1,330 feet where the second string of casing is to be run, set and cemented.

As at the time of this announcement 9 5/8 inch casing was in the process of being run and set in place for cementing.

The forward plan is to set the 9 5/8 inch casing before drilling towards the top of the objective zone. A conventional core will then be taken over the primary section of interest as the well is drilled to its target depth of 1,707 feet. Logs will be run before a flow test operation is undertaken.

Further announcements will be made in due course.

This announcement has been completed and reviewed by Empyrean's Technical Director, Mr Frank Brophy BSc (Hons), who has over 40 years experience as a petroleum geologist.

-ENDS-

For further info:

 
 Empyrean Energy 
  plc 
 Tom Kelly             Tel: +61 8 9481 
                             0389 
 
 Cenkos Securities 
  plc 
 Neil McDonald         Tel: +44 (0) 131 
                           220 9771 
 Beth McKiernan        Tel: +44 (0) 131 
                           220 9778 
 Nick Tulloch          Tel: +44 (0) 131 
                           220 9772 
 
 St Brides Partners 
  Ltd 
 Lottie Brocklehurst   Tel: +44 (0) 20 
                           7236 1177 
 Olivia Vita           Tel: +44 (0) 20 
                           7236 1177 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

June 19, 2017 03:17 ET (07:17 GMT)

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