EMPYREAN ENERGY PLC

Report Publication Announcement • Sep 29, 2015

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RNS Number : 5338A

Empyrean Energy PLC

29 September 2015

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

29 September 2015

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

Corporate Presentation

Empyrean, the profitable US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, is pleased to announce that the presentation given at its Annual General Meeting on Friday 25 September, is now available on the Company's website. 

The presentation provides an overview of the Company's flagship Sugarloaf AMI project, in which Empyrean has a 3% working interest.

**ENDS**

For further information please visit www.empyreanenergy.com or contact the following:

Tom Kelly	Empyrean Energy plc	Tel: +618 9481 0389
Neil McDonald	Cenkos Securities Plc	Tel: +44 (0) 131 220 9771 / +44 (0) 207 397 1953
Nick Tulloch	Cenkos Securities Plc	Tel: +44 (0) 131 220 9772
Hugo De Salis	St Brides Partners Ltd	Tel: +44 (0) 20 7236 1177
Elisabeth Cowell	St Brides Partners Ltd	Tel: +44 (0) 20 7236 1177
Lottie Brocklehurst	St Brides Partners Ltd	Tel: +44 (0) 20 7236 1177

Notes to Editors:

Empyrean Energy Plc is an AIM listed (Ticker: EME) profitable US on-shore oil and gas development and production company focused primarily on the advancement of its assets in Texas and California.  The Company's portfolio represents a mix of assets at various stages of development.  Its flagship project is the Sugarloaf AMI in the prolific Eagle Ford Shale, Texas, where it has a 3% working interest in approximately 24,000 gross acres (approximately 720 net acres) centrally positioned in the liquids rich sweet-spot within the field.  Empyrean has an interest in over 241 gross producing wells with full development having the potential to reach over 1,000 wells and with further upside potential from additional formations and closer well spacing.  The Company has a term debt facility of up to US$50 million with Macquarie Bank in place, subject to ongoing reserve and performance criteria, in order to develop this acreage which is operated by US major Marathon Oil Company.

Other assets include a 58% interest in the Eagle Oil Pool Development Project located in the San Joaquin Basin, southern California, a proven oil and gas province.  Empyrean's large working interest in this project provides the Company with flexibility and leverage with potential high impact from success.  Additionally, Empyrean has a 7.5% interest in the Sugarloaf Block A operated by ConocoPhillips in the Eagle Ford Shale, and a 10% working interest in the Riverbend Project in Texas currently producing from the Wilcox formation.

This information is provided by RNS

The company news service from the London Stock Exchange

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