Empyrean provided the following update on operations and production at the Sugarloaf Project within the Sugarkane Gas & Condensate Field, Texas.
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:-
*The equivalent barrels per day production rate has been calculated on a simple 6:1 ratio.
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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