Company
Empyrean Energy PLC
LON:EME
Empyrean Energy PLC is a London AIM listed oil and gas explorer. The company is currently focused on three cornerstone assets with transformational potential: Block 29/11 offshore China; the Duyung PSC offshore Indonesia and a multi project participating interest in the Sacramento Basin, California.
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Empyrean Energy committed to offshore China programme
The Topaz prospect has an estimated 506mln mean barrels of oil in place
Empyrean Energy welcomes approval for Mako field development
Empyrean holds an 8.5% interest in the Duyung PSC where Mako is situated
Empyrean Energy focused on Topaz well in China
Empyrean has an 8.5% interest in Mako, while AIM-peer Coro Energy has a 15% stake
Empyrean Energy advancing Mako gas project
“The independent assessment of the project by Gaffney Cline shows that the project economics are highly robust," Tom Kelly said.
Empyrean Energy confirms drilling of second well offshore China
Empyrean’s partner on the exploration of Block 29/11 is Chinese state oil company CNOOC
Empyrean Energy raises new equity as analysis continues to progress Topaz project
“This capital raising and debt restructuring will allow Empyrean to move forward."
Empyrean Energy eyes 2023 spud as it confirms intention to drill Topaz prospect
“Empyrean's early assessment is that the much larger Topaz prospect remains a world-class conventional light oil target."
Empyrean Energy to reassess Jade data as well disappoints
Logging while drilling indicated no oil in the target reservoir
Empyrean Energy says chances of Jade success increases, drilling ongoing
The explorer's own estimate now puts the geological chance of success at 65%, up from 41% - meanwhile, well operations continue.