Empyrean Energy PLC Land access agreement for Wilson River 1 secured

RNS Number : 9351U

Empyrean Energy PLC

28 January 2025

 

 

28 January 2025

This announcement contains inside information

 

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

 

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

Land access agreement for Wilson River 1 well secured

 

 

Empyrean Energy plc ("Empyrean" or the "Company"), the oil and gas development company with interests in Australia, Indonesia and the United States, is pleased to advise that Chi Oil and Gas Pty Ltd ("Chi Oil"), as operator of the Wilson River 1 well has advised land access agreement work has progressed and that the required Conduct and Compensation Agreement ("CCA") with the  station lease owners has been executed.

 

The CCA provides for and governs the required land access to the land upon which the Wilson River 1 well will be drilled. This agreement is a necessary precursor to gaining land access in order to complete surveys that precede other pre-drill preparation works including upgrading access tracks and drill pad preparation works.

 

Empyrean CEO, Tom Kelly commented, "The CCA is an important milestone and provides the JV with the necessary land access before and during drilling and testing. We look forward to providing shareholders with further progress reports as we step closer to drilling the Wilson River 1 well."

 

The information in this announcement has been reviewed by Empyrean's technical director Gaz Bisht, who has over 33 years experience as a hydrocarbon geologist and geophysicist.

 

For further information please visit www.empyreanenergy.com or contact the following:

 

Empyrean Energy plc	Tel: [phone]
Tom Kelly
Cavendish Capital Markets Limited (Nominated Advisor and Broker)	Tel: [phone]
Neil McDonald Pearl Kellie
Novum Securities Limited (Joint Broker)	Tel: [phone]
Colin Rowbury

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

AGRDZGZMNRRGKZG