Empyrean Energy today said its Dempsey 1-15 well in the Sacramento Basin, onshore California, has shown “further significant gas shows”.
Overnight drilling, by operator Sacgasco, intersected two further zones of high gas shows.
The Dempsey 1-15 well has been drilled to 2,970 m (~9,750 feet) to create sufficient hole to allow logging tools to fully evaluate the target reservoirs intersected to date.
Dempsey is drilling the largest undrilled mapped structural closure in the northeastern part of the prolific Sacramento Gas Basin and is interpreted to be optimally located to trap gas migrating out of gas generating areas located to the west and south.
Chief executive Tom Kelly said: “Empyrean commends Sacgasco and its local operational team for reaching TD safely. We look forward to providing further updates on testing in the near future as results come to hand.”
A spokesperson added: “Shareholders and investors are advised that the significance of these shows will become more apparent when the wireline logs are run to more fully evaluate the intersected gas shows and reservoirs. The hole is currently being conditioned for logging.”
The Dempsey 1-15 well is planned to be drilled in three discrete sections to depths of approximately 600m, 2,000m and 3,200m associated with decreasing planned casing sizes. The well has been designed conservatively to provide flexibility to respond to well bore conditions and progressive results.
Empyrean has also been informed that since the Dempsey 1-15 well will be exploring for a new gas pool, Sacgasco has requested that the regulator keep the records confidential for two years as allowed by Section 3234 of the Public Resources Code of California. The regulator has approved the “Confidential Status” for Dempsey 1-15 in order to protect longer-term shareholder value.