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Empyrean Energy PLC

Empyrean Energy reports spudding of A-5 Well on Sugarloaf Prospect

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Empyrean Energy is one company that has a lot to report!

Today the oil and gas junior announced that the operator of the Sugarloaf Prospect, Block A had spudded the A-5 well, and was ‘drilling ahead’. Empyrean Energy has a 7.5% interest in the well, which is targeting three pay zones in the Sugarkane Gas and Condensate Field via a vertical well.  


The operator, Texas Crude Energy Inc has already successfully flowed commercial amounts of gas and condensate from the Upper Zone on Block A.

Quick facts: Empyrean Energy PLC

Price: £0.08

Market: AIM
Market Cap: £36.24 m
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