Empyrean Energy’s Mako find “exceed expectations”
Empyrean Energy's Mako well has "exceeded everyone's expectations", according to its chief executive.
Empyrean Energy's Mako well has "exceeded everyone's expectations", according to its chief executive.
Empyrean Energy has kicked-off its "aggressive" drilling campaign offshore Indonesia.
Shares in Empyrean Energy jumped today after the firm announced it was close to finalising a farm-in for Sacramento Basin Assets.
An Australian oil and gas explorer has been awarded a permit for 100% of the exploration rights for a block offshore China .
Empyrean Energy said shareholders James Kight and Richard Appleby have requested an extraordinary general meeting of the company to consider resolutions regarding the removal of two senior directors.
Empyrean Energy has sold its stake in the Sugarloaf development in the US to Carrier Energy Partners in a deal worth up to $71million.
Empyrean Energy has reported a fall in interim revenue and pretax profit but said its flagship Sugarloaf asset in Texas is rising in value despite the low oil price.
US exploration firm Empyrean has announced a reserves upgrade for its Sugarloaf project at Eagle Ford, Texas.
Empyrean Energy's revenues rose 15% in the year to March 31 to $16million, but profits dipped slightly to $5.12million.
Empyrean Energy overcame flooding in Texas to report promising production from its flagship Sugarloaf project in Eagle Ford.