Empyrean Energy Provides Update on Sugarloaf Project

Empyrean Energy has provided an update on operations at the Sugarloaf Project, Block B, onshore Texas, USA.

Easley-1H Well

The pilot hole has been drilled and logged demonstrating a full 236 ft Austin Chalk and Eagle Ford section, which was in line with expectations. The pilot hole has now been plugged back and the kick off and build to the horizontal section of the well is presently underway.

Weston-1H Well

The fracture stimulation operations at Weston have been successfully completed and the isolation plugs set as part of that staged process have now been drilled out. The well is presently being flowed to sales and is being cleaned up. A further announcement will be made once production data is available.