Empyrean Energy PLC Notice of AGM (9720X)
03 September 2015 - 7:15PM
UK Regulatory
TIDMEME
RNS Number : 9720X
Empyrean Energy PLC
03 September 2015
Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil &
Gas
3 September 2015
Empyrean Energy PLC ('Empyrean' or 'the Company')
Notice of Annual General Meeting
Empyrean, the profitable US onshore oil, gas and condensate
exploration, development and production company with assets in
Texas and California, announces that an Annual General Meeting
('AGM') will be held at The Royal Institution of Great Britain, 21
Albemarle Street, London W1S 4BS at 3.30 p.m. on 25 September 2015.
The Notice of AGM, which is being posted to shareholders today, can
also be found on the Company's website at
www.empyreanenergy.com.
The Company anticipates that its Annual Report for the year
ended 31 March 2015 will be published and posted to shareholders
ahead of the AGM and, in any event, no later than 30 September
2015.
**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, gas and condensate exploration, development and
production company with 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 centrally positioned
in the liquids rich sweet-spot within the field. Empyrean has an
interest in 241 gross producing wells with full development
expected to reach over 770 wells. Further development of the Eagle
Ford Shale anticipated to require in the order of a further 300
wells, with down spacing potential of a further 200 wells. Further
development of the Austin Chalk anticipated to require in the order
of a further 300 wells, with down spacing potential of a further
235 wells. The Company has a term debt facility of up to US$50
million with Macquarie Bank, subject to reserve hurdles and
drawdown approvals, in place in order to develop this acreage which
is operated by US major Marathon Oil Company.
Other assets include a 58.084% 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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