Empyrean Energy PLC, an oil and gas explorer and producer with assets in Germany and the US, said the JV Block A-5 well of the Sugarloaf Prospect in Texas has reached the planned total depth of approximately 12,470 feet.
Empyrian was advised by Texas Crude Energy Inc that the logs indicate that the well intersected the upper, middle and lower potential pay-zones of the Austin Chalk and possibly the Eagleford Shale and that it is presently assessing the well data before deciding upon a completion and testing plan.
Empyrean has a working interest of 7.5 percent in this well.