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Empyrean Energy ( (GB:EME) ) has shared an announcement.
Empyrean Energy PLC announced that the Wilson River-1 well has reached its total depth of 1464 meters, with preliminary logs indicating a potential 6-meter gross oil zone. The well has been cased and suspended for further petrophysical analysis to determine a testing and completion regime, with results expected within a week. The company aims to compare these findings with nearby producing wells to optimize their testing program, potentially impacting their operational strategy and stakeholder interests.
More about Empyrean Energy
Empyrean Energy PLC is an oil and gas development company with interests in Australia, Indonesia, and the United States. The company focuses on exploring and developing hydrocarbon resources in these regions.
YTD Price Performance: 21.25%
Average Trading Volume: 144,816,037
Technical Sentiment Signal: Strong Buy
Current Market Cap: £3.64M
For detailed information about EME stock, go to TipRanks’ Stock Analysis page.