Empyrean Energy PLCLSE Empyrean Energy Stock Report

Empyrean Energy Plc is an oil and gas exploration and production company, which engages in the acquisition and development of its exploration projects. The company is headquartered in Subiaco, Western Australia. The company went IPO on 2005-07-27. The firm is in the business of financing the exploration, development, and production of energy resource projects in regions with energy-hungry markets close to existing infrastructure. The firm's segments include China (Block 29/11 project), Indonesia (Duyung PSC project) and North America (Sacramento Basin project). The Block 29/11 project is located in the prolific Pearl River Mouth Basin, offshore China approximately 200 kilometers (km) Southeast of Hong Kong. The Duyung PSC project covers an offshore permit of approximately 1,100 square kilometers in the West Natuna Basin. The main asset in the permit is the Mako shallow gas discovery with approximately 23 feet of gas-bearing reservoir quality rock with high permeability sands in the multi Darcy range. The Sacramento Basin project includes Dempsey and Alvares prospects in the Northern Sacramento Basin, onshore California.