Gas Shows Encountered at Tx. Riverbend Project

Empyrean provided the following update on operations at the Riverbend Project in Texas:

Quinn-3H well

Empyrean has been advised by the operator that a fracture stimulation program is to be carried out on sections of Saratoga formation in the vertical section of the well. The stimulation program is due to commence in the next few days and an update will be provided as soon as results are known. 

Cartwright-1H well

Empyrean has been advised by the operator that drilling at the Cartwright-1H well has reached a measured depth of 13,969 feet following the setting and cementing of intermediate 7 5/8" pipe to 13,953 feet. Gas shows have been encountered while drilling and the plan is to complete the pilot section of hole before drilling laterally in the target formation. Work has also commenced on connecting the flow line from the Cartwright-1H well to the sales point.

A further update will be provided as significant information comes to hand.