Krescent's BP America A-740 #1 Well Reaches TD

Empyrean Energy was advised by the operator, Krescent Energy Company LLC, that the BP America A-740 #1 well has reached total depth.

Logs have now been run and a further announcement will be made upon final assessment of the logs.

The Hercules Prospect is targeting Upper and Middle Wilcox sands and a well defined amplitude versus offset ("AVO") event, that appears in existing 3D seismic imaging, within the Upper Wilcox interval. The primary objective is in sand at a depth of 10,350' where the AVO anomaly conforms to structure.

Empyrean has a 10% working interest in this well.