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Empyrean Energy making quick progress with Mako South well in Indonesia

Drilling began on Friday and so far 1,330 of a planned 1,707 feet have been drilled.
Onshore oil drilling
Flow testing is planned, after logging

Empyrean Energy Plc (LON:EME) told investors that drilling is underway at its project in Indonesia.

The company said drilling at the Mako South-1 well began on Friday night (Jakarta time) and the well has so far reached a depth of 1,330 feet. Casing is presently being run and set in place for cementing.

Next, the plan is for the well to be drilled into the top of the objective zone, at which point a conventional core will be taken in the ‘primary section of interest’ before the well is completed down to the anticipated target depth of 1,707 feet. Logging and flow testing operations will then follow.

In late afternoon trading, Empyrean shares were 1.7%, or 0.12p higher at 7.62p.

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