TIDMEME

RNS Number : 4564D

Empyrean Energy PLC

28 October 2020

28 October 2020

Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas

Empyrean Energy PLC ("Empyrean" or the "Company")

Borba Drilling Program

Empyrean Energy plc (EME: AIM) ("Empyrean"), the oil and gas development company with interests in China, Indonesia and the United States, advises that, with regard to the announcement made by Sacgasco Limited (ASX:SGC) ("Sacgasco") on the Australian Securities Exchange today, it has notified Sacgasco that Empyrean will not be participating in the proposed drilling of the Borba prospect in the Sacramento Basin, onshore California, under the current timeframes and terms currently proposed by Sacgasco.

Tom Kelly, Empyrean CEO commented "Whilst Empyrean views drilling the Borba prospect as being the logical next phase of exploration in the suite of JV projects in Sacramento, it has decided for the time being to focus its resources on its South East Asian assets."

**ENDS**

For further information:

 
  Empyrean Energy plc 
  Tom Kelly                            Tel: +61 6146 5325 
 
 
  Cenkos Securities plc (Nominated 
   Advisor and Broker) 
  Neil McDonald                        Tel: +44 (0) 131 220 9771 
  Pete Lynch                           Tel: +44 (0) 131 220 9772 
 
 First Equity Limited (Joint Broker) 
 Jason Robertson                       Tel: +44 (0) 20 7330 1883

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END

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(END) Dow Jones Newswires

October 28, 2020 03:14 ET (07:14 GMT)

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