PROJECTS: RIVERBEND PROJECT, TEXAS USA
(EME Interest 10%)
Empyrean Energy announced on the 1 June 2009 that
it had entered into a Participating Agreement with Krescent Energy
Partners11, LP of Houston Texas ("Krescent") to acquire
a 10% working interest in Krescent's Riverbend Project.
The Project Area comprises approximately 40,000
acres under lease or exclusive option, and an area of mutual
interest totaling 50,000 acres. It is located in the Tyler and
Jasper Counties. The Area is also ideally located south of the
prolific Brookeland Field (Austin Chalk).
The project has a mean estimated potential of 80
billion cubic feet of gas equivalent. The project targets
primarily the Austin Chalk and Saratoga formations.
