REG - Empyrean Energy PLC - Wilson River-1 DST Operations Results

Empyrean EnergyAnnouncement

14/05/2025 08:30

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RNS Number : 6226I  Empyrean Energy PLC  14 May 2025

 

14 May 2025

This announcement contains inside information

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

 

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

Wilson River -1 DST operations results

 

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

 

A Drill Stem Test (DST) has been completed on the Wilson River-1 well. A fluid
sample was successfully recovered and sent for further analysis.

 

The final well testing report has now been received and confirms the recovery
of formation water from the Murta Formation in the Wilson River-1 well. As a
result, a decision has been made to plug and abandon the well and the rig has
been released.

 

Empyrean CEO, Tom Kelly, commented:

 

"The drilling and testing operations at Wilson River-1 were completed safely
and efficiently. The outcome is disappointing, as no moveable hydrocarbons
were indicated by the drill stem test despite the well having potential oil
pay indicated by the quad combo logging run. The conclusion is that there has
been inadequate buildup of hydrocarbons through effective migration within the
trap to displace enough formation water."

 

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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