Empyrean Energy PLC Mako South-1 Well Drilling Update (4395I)
June 19 2017 - 3:17AM
UK Regulatory
TIDMEME
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
DRLOKCDDOBKKNAD
(END) Dow Jones Newswires
June 19, 2017 03:17 ET (07:17 GMT)
Empyrean Energy (LSE:EME)
Historical Stock Chart
From Aug 2024 to Sep 2024
Empyrean Energy (LSE:EME)
Historical Stock Chart
From Sep 2023 to Sep 2024