Proactive Investors - Run By Investors For Investors

Empyrean Energy set to resume Dempsey well testing

"We look forward to testing operations re-commencing at Dempsey following an extensive technical review process,” said chief executive Tom Kelly
oil and gas operations
Testing will resume later this month

Empyrean Energy Plc (LON:EME) told investors that testing operations are due to resume on the Dempsey well in California’s Sacramento basin.

Production testing will restart later this month, following a review of all existing results and data.

READ: Empyrean Energy: Gas production starts at Dempsey well

In the new programme, the company intends to test shallower zones which had extensive gas shows and higher porosity - and therefore are seen to have a better chance of flowing hydrocarbons without stimulations.

"We look forward to testing operations re-commencing at Dempsey following an extensive technical review process,” said chief executive Tom Kelly.

“We have worked closely with Sacgasco, the operator of the well, to review the existing data, results and views of independent consultants.

Kelly added: “We are delighted to have reached consensus on forward operations that allow imminent testing of further prospective zones whilst maintaining the flexibility to revisit any zone at a later date to produce, re-evaluate or stimulate if required.

“Shareholders should note that Empyrean believes that testing these zones higher up in the well before any plan to fracture stimulate a deeper zone (or any zone for that matter) may provide a better chance of commercial gas flows and is a more logical next step now that we are able to stimulate at a later date if needed.”

Empyrean  also noted that its Californian partner is working on an application to allow stimulation of zones in the Dempsey well in the future.

View full EME profile View Profile

Empyrean Energy PLC Timeline

Related Articles

Ukraine oil well
April 30 2019
In Ukraine, the Group’s assets are located near to Poland and Romania
Drilling rig
July 08 2019
The company is focused on a buy-low, sell-high land and leasing model in the SCOOP and STACK plays of Oklahoma’s Anadarko Basin.
power
June 27 2019
The aim is to roll CoalSwitch out in areas where AEG can source high volume feedstock.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use