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Empyrean provides Dempsey 1-15 well operations update

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Oilfield Technology,

Empyrean has been advised by Sacgasco Limited (Sacgasco), the operator of the company's Sacramanto Basin assets onshore California, that installation of the surface conductor for the Dempsey 1-15 appraisal and exploration project is now complete.

Empyrean will have a 30% working Interest in the Dempsey 1-15 well, which is currently on track to spud later this month.

Participants in the Dempsey 1-15 gas well will be: Empyrean Energy Plc, 30%; Sacgasco Limited, 50%; Pancontinental, 10%; Xstate Resources Limited, 10%.

Further announcements will be made in due course.

Tom Kelly, Empyrean CEO, commented: “Empyrean is delighted with the progress being made on the ground in preparation for drilling the very high potential impact over 1 trillion ft3 Dempsey 1-15 gas well. This very exciting well comes fresh off the back of our recent exploration success at the Mako well in Indonesia. Our gas metering station is in very close proximity to the drilling location and paves the way for any gas discovered at Dempsey to be connected to existing infrastructure for early cash flow both quickly and cheaply.”

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