PROJECTS: EAGLE OIL POOL DEVELOPMENT, CALIFORNIA USA
(EME Interest 48.5%)
Above: Location of Eagle Oil Pool
Development Project
The Eagle Oil Pool Development Project is
located in the San Joaquin Basin, southern California. It is a
proven oil and gas province and has produced in excess of 12
billion barrels and 11 trillion cubic feet of gas.
The primary target is the Gatchell Sand Member
of the Eocene Lodo Formation. It is estimated that the Eagle Oil
pool has mean (P50) recoverable reserves of 7.1 million barrels of
oil and 12.3 billion cubic feet of gas.
Empyrean Energy Plc increased its interest
from 38.5 % to 48.5% when original operator, ASX-listed Victoria
Petroleum NL, was replaced by the American company, R&M Oil
& Gas in 2009.
