Production and Sale of Gas from Dempsey 1-15 Well Commences
Empyrean Energy (EME: AIM), the oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce that it has been informed by Sacgasco Limited (ASX: SGC) (“Sacgasco”), the operator of the Dempsey 1-15 well in the Sacramento Basin, onshore California, that production and sale of natural gas from the Dempsey 1-15 well has commenced. Empyrean has a 30% working interest in the Dempsey 1-15 Well.
The Dempsey 1-15 well is flowing gas at a rate of approximately 140 mcf/day with a flowing tubing pressure of 670 pounds per square inch (psi).
Concurrently the application process for the permitting of the enhanced reservoir stimulation of the well is proceeding as planned with stimulation operations expected in the first quarter of 2018.
Empyrean CEO Tom Kelly commented, “This is a milestone achievement and with production and gas sales now underway at Dempsey 1-15 crucial data on the quality of the reservoir will now be collated ahead of fracture stimulating this zone. We have been informed by Sacgasco, the operator of the well, that the fracture stimulation planning and permitting has commenced in earnest and is proceeding smoothly with a view to commencing during Q1 2018. I look forward to providing further updates as they become available.”
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