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Empyrean Energy’s Dempsey well sees multiple significant gas shows

Drilling continues but in the meantime Empyrean has revealed that significant gas shows have been identified in mud logs

onshore drilling operation
Drilling is presently at around 1,300 metres

Empyrean Energy PLC (LON:EME) told investors that the ongoing Dempsey 1-15 exploration well in the Sacramento basin, California, is proceeding to plan with reports of gas shows in the well.

Sacgasco Limited (ASX:SGC), the project operator, has informed Empyrean that mud logs from the well indicate that Dempsey 1-15 has intersected multiple intervals of interpreted significant gas shows in sandstones at the producing gas field levels, the company revealed in a statement.

Drilling is, meanwhile, progressing at a depth of around 1,300 metres.

The company said that the positive indicators to date will be quantified in due course via conventional petrophysical logs, which will follow the completion of drilling in the current section.

Quick facts: Empyrean Energy PLC

Price: 9.05 GBX

Market: AIM
Market Cap: £40.09 m

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