TIDMEME

RNS Number : 1959U

Empyrean Energy PLC

27 July 2015

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

27 July 2015

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

Result of General Meeting

Empyrean Energy, the profitable US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, held its General Meeting today and all resolutions were duly passed.

**ENDS**

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

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

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 231 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 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

END

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