Empyrean Energy PLC (AIM:EME) Mako South-1 Well Flows Gas at a Rate of 10.9 Million Cubic Feet of Gas Per Day

 

Empyrean Energy plc, the oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce the following update on operations:

Mako South-1 Well Flows Gas at a Rate of 10.9 Million Cubic Feet of Gas Per Day

Empyrean, the oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce that it has been advised by the operator of the Duyung PSC in the Natuna Basin Offshore Indonesia, Conrad Petroleum (“Conrad”) that the Mako South-1 well has flowed on Drill Stem Test (“DST”) at a rate of 10.9 Million Cubic Feet of Gas Per Day (“mmcfgpd”) on a choke of 128/64. The well is currently shut in for buildup.

Cleanup operations commenced early on 26 June 2017 and by midday on 27 June 2017, the well was flowing at a rate of 10.9 mmcfgpd through 128/64 inch choke with a surface flowing pressure of 225 psi.  The gas is pure methane completely devoid of any traces of H2S (hydrogen Sulphide) or CO2 (carbon dioxide).

Further announcements will be made in due course.

Tom Kelly, Empyrean CEO, commented: “Empyrean is absolutely delighted with the rate gas has flowed at Mako South-1 well, our first major exploration project since our efforts of re-building the portfolio. It is a great credit to the Conrad team and Empyrean’s participation has been made possible through the efforts of our Mr. Frank Brophy. We have a very aggressive and potentially transformational programme over the next 6 months and our first project achieving this level of success has exceeded both ours and Conrad’s expectations. We look forward to exciting months ahead as we continue to unlock value for our shareholders”.

http://www.empyreanenergy.com/

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