Empyrean Energy plc ("Empyrean" or the "Company"), the oil and gas development company with interests in Australia,
Indonesia and the United States, is pleased to announce the following update on the Wilson River-1 well:
The JV partners in The Wilson River-1 have decided to conduct a Drill Stem Test ("DST") over the potenal oil zone idenfied
from analysis of logs and hydrocarbon shows from the well. The JV is currently refining the tesng and compleon opons
and geng quotes to carry out the work.
The tesng program is currently on schedule to commence during late April. Following the results of the tesng program the
JV will consider an extended producon test.
Other potenal zones of interest are sll having petrophysical analysis completed along with comparison to producing wells
in the region where data is available.
Empyrean CEO, Tom Kelly, stated: "Whilst the tesng program is being refined, we are pleased to say that the main potenal
oil zone will be tested by DST as soon as is praccable. We look forward to providing shareholders with further updates as
our plans progress".
The informaon contained in this announcement has been reviewed by Empyrean's Technical director, Gaz Bisht, who has
over 35 years' experience as a hydrocarbon geologist and geoscienst.