Empyrean Energy Encounters Gas at Sugarloaf-1 Exploration Well

Empyrean Energy

Empyrean Energy reports that the Sugarloaf-1 exploration well, located in the onshore Gulf Coast Basin in Texas, was drilling ahead in 12-1/4' hole at a depth of 12,480 feet (3,805 meters).

During the week, gas shows were encountered in a secondary target - one of the Cretaceous aged carbonate formations.

The well will continue drilling to the next casing point currently programmed at around 14,500 feet (4,420 meters). The possible commercial significance of the gas shows will be determined from interpretation of wire-line logs which will be run prior to the setting of casing.

The primary Hosston target is expected to be reached in mid to late October and the total depth of 21,000 feet (6,400 meters) in mid November.