REG - Empyrean Energy PLC - DST to be conducted over potential oil zone

Empyrean EnergyAnnouncement

02/04/2025 07:04

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RNS Number : 3139D  Empyrean Energy PLC  02 April 2025

2 April 2025

 

This announcement contains inside information

 

Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas

 

Empyrean Energy PLC ('Empyrean' or 'the Company')

DST to be conducted over potential oil zone in the Wilson River-1 well

 

Empyrean Energy plc ("Empyrean" or the "Company"), the oil and gas development
company with interests in Australia, Indonesia and the United States, is
pleased to announce the following update on the Wilson River-1 well:

 

The JV partners in The Wilson River-1 have decided to conduct a Drill Stem
Test ("DST") over the potential oil zone identified from analysis of logs and
hydrocarbon shows from the well. The JV is currently refining the testing and
completion options and getting quotes to carry out the work.

 

The testing program is currently on schedule to commence during late April.
Following the results of the testing program the JV will consider an extended
production test.

 

Other potential zones of interest are still having petrophysical analysis
completed along with comparison to producing wells in the region where data is
available.

 

Empyrean CEO, Tom Kelly, stated: "Whilst the testing program is being refined,
we are pleased to say that the main potential oil zone will be tested by DST
as soon as is practicable. We look forward to providing shareholders with
further updates as our plans progress".

 

The information contained in this announcement has been reviewed by Empyrean's
Technical director, Gaz Bisht, who has over 35 years' experience as a
hydrocarbon geologist and geoscientist.

 

For further information please visit www.empyreanenergy.com
(http://www.empyreanenergy.com/)  or contact the following:

 

 Empyrean Energy plc                                               Tel: +61 (8) 6146 5325
 Tom Kelly

 Cavendish Capital Markets Limited (Nominated Advisor and Broker)  Tel: +44 (0) 207 220 0500
 Neil McDonald

 Pearl Kellie

 Novum Securities Limited (Joint Broker)                           Tel: +44 (0) 207 399 9400
 Colin Rowbury

 

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