Empyrean provided the following update on production at the Sugarloaf Project within the Sugarkane Gas & Condensate Field, Texas.
The following well has reached the 30 day production milestone:
* The equivalent gas rates have been calculated to reflect value using a 12:1 conversion ratio for condensate and a 25% uplift on gas equivalent volumes due to the high calorific value of the produced gas.
As was reported on June 8, 2010, this well is being operated on a restricted choke as part of the optimization of decline rates and ultimate recovery.
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