Empyrean Ramps Production at Sugarloaf Project


Sugarloaf Prospect
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Empyrean provided the following update on operations and production at the Sugarloaf Project within the Sugarkane Gas & Condensate Field, Texas.

Production Data

The following well has been on production for a period of 30 or 60 days and Empyrean is pleased to provide the market with an update on produced volumes during that period:-

 

Well Name Working Interest Total Gas Production (mmscf) Total Condensate Production (bbls) Average Daily Equivalent Oil Rate (boepd)*
Jordan #1H - 60 day 3.0% 64,630 39,036 831
Best Fenner #1H - 30 day 3.0% 38,725 20,437 896
Pfeifer #1H - 30 day 1.9% 16,983 20,019 761
Davenport #1H - 60 day 1.40% 53,026 35,607 740
Turnbull #6H - 30 day 1.02% 29,026 18,097 764
Best Huth #1H - 60 day 0.58% 39,707 35,810 707

 

*The equivalent barrels per day production rate has been calculated on a simple 6:1 ratio.

Operations

The following wells have commenced production since the last operational update. Empyrean will provide further details when the wells have achieved 30 and 60 day production milestones.

Brysch Jonas #1H (3.0% WI) - The Brysch Jonas #1H well went into production on 10 August 2011.

Yosko Borgfield #1H (1.51% WI) - The Yosko Borgfield #1H well went into production on 14 August 2011.

In addition the following operations have taken place:

Holland Brown #1H (3.0% WI) - The well has been spudded and drilling operations are underway.

Holland Opiela #1H (0.35% WI) - The well has been drilled to a total depth of 16,847 ft. Casing has been run and is presently being cemented in place.

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