REG - Empyrean Energy PLC - Land access agreement for Wilson River 1 secured

Empyrean EnergyAnnouncement

28/01/2025 08:00

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RNS Number : 9351U  Empyrean Energy PLC  28 January 2025

 

28 January 2025

This announcement contains inside information

 

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

 

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

Land access agreement for Wilson River 1 well secured

 

 

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 advise that Chi Oil and Gas Pty Ltd ("Chi Oil"), as operator of the
Wilson River 1 well has advised land access agreement work has progressed and
that the required Conduct and Compensation Agreement ("CCA") with the
 station lease owners has been executed.

 

The CCA provides for and governs the required land access to the land upon
which the Wilson River 1 well will be drilled. This agreement is a necessary
precursor to gaining land access in order to complete surveys that precede
other pre-drill preparation works including upgrading access tracks and drill
pad preparation works.

 

Empyrean CEO, Tom Kelly commented, "The CCA is an important milestone and
provides the JV with the necessary land access before and during drilling and
testing. We look forward to providing shareholders with further progress
reports as we step closer to drilling the Wilson River 1 well."

 

The information in this announcement has been reviewed by Empyrean's technical
director Gaz Bisht, who has over 33 years experience as a hydrocarbon
geologist and geophysicist.

 

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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