Empyrean Energy, the AIM-listed explorer and producer with operations in the United States and its key project in the Eagle Ford Shale, is pleased to announce the following summary of 30 and 60 day production data and operations recently received for the Sugarloaf Project:
Luna Unit 2H well - 60 day has 117.5 mmscf as Total Gas Production, 42,684 bbls Total Condensate Production and 1038 boe/d Average Daily Equivalent Oil Rate*. May Unit 1 2H – 60 day has 103.3 mmscf, 40,649 bbls and 964 boe/d. Davila Graham 1H - 30 day has 17.0 mmscf, 13,897 bbls and 558 boe/d. Davila Graham 2H -30 day has 12.5 mmscf, 16,335 bbls and 614 boe/d. Bailey Retzloff 1H - 30 day has 75.05 mmscf, 17,957 bbls and 1015 boe/d. Bailey Retzloff 2H - 30 day has 89.3 mmscf, 17,519 bbls and 1080 boe/d. Bailey Retzloff 3H -30 day has 88.8 mmscf, 19,181 bbls and 1133 boe/d. Empyrean has 3%WI in all these wells except Bailey Retzloff 3H well it has 2.9%WI.
*The wells have had the Average Daily Equivalent Oil Rate recalculated on a simple 6:1 basis. Further production results will be released as they come to hand.
Empyrean currently has a total of 63 wells in production at the Sugarloaf Project. In addition, there are currently two wells being drilled and a further three wells in the process of having completion / stimulation operations carried out.
Commenting, Empyrean CEO Tom Kelly said, "These strong flow rates, in particular from the two wells reporting 60 day average rates are providing further encouragement." The information contained in this announcement was completed and reviewed by the Technical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who
has over 40 years experience as a petroleum geologist.