SOURCE: Empire Energy Corporation International

February 28, 2008 10:24 ET

Empire Energy Announces It Has Selected the Initial Drilling Targets in Its Central Tasmanian Acreage

LEAWOOD, KS--(Marketwire - February 28, 2008) - Empire Energy Corporation International (OTCBB: EEGC) (the "Company") announced today that its subsidiary Great South Land Minerals, Ltd. (GSLM) has reassessed the drilling priority of its exploration targets.

Completing a sweet-spot analysis started over 6 months ago, Dr. Clive Burrett today has announced that Bracknell #1 well will be GSLM's first exploration target. Followed shortly after this first well, exploration drilling of targets Bellevue #1 and Butler's Rise #1 will take place. The drilling sequence of Bellevue and Butler's Rise may be swapped due to ecological consideration, such as nesting period of the local eagle population, added Dr. Burrett. Initial exploration period will encompass an additional five exploration targets, bringing the total number of wells drilled in Phase One to eight.

According to latest available estimates, which are based on 2D seismic interpretation and in-depth basin studies of the Central Tasmanian highlands, GSLM technical staff has prepared an initial prospectivity table for the first three exploration targets, given below:


Estimated Wellbore Data

Wellbore  Name               Bracknell #1     Bellevue #1   Butlers Rise #1
                            =============== =============== ===============

Surface Co-Ordinates              497,915 E       467,140 E       537,627 E
 (AMG 66)                       5,388,924 N     5,339,330 N     5,334,856 N
Total Depth                          1450 m          3500 m          1750 m

                                             6/400,500,800,
No. Of Target Zones/Depth   3/350,750,1350m  1000,2200,3200m       1/1050 m
Approx Net Pay/Thickness              150 m            250 m          100 m
Reservoir Areal Extent               20 km2          120 km2         24 km2
Petroleum System/Age              G/Permian    L/Ordovician       G/Permian
 (source)                           (280 Ma)        (450 Ma)       (280 Ma)
Expected Hydrocarbon Type           Oil/Gas  Gas/Condensate         Oil/Gas
Trapping Mechanism/Closure      Fault/4 way Anticline/4 way     Fault/2 way
STOOIP Calculation P90
 (MM bbl)                             3,402          22,680           1,361
Estimated P10 Recoverable
 (MM bbl)                               125             750              50
                            =============== =============== ===============

Source: Empire Energy, 2008
Note: All figures and calculations are potential estimates, based on
      Tasmania Basin seismic/geology parameters.


Empire Energy Corporation is an international oil and gas exploration company, focusing on developing assets in one of the world's last virgin basins and on becoming a leading low-cost finder of hydrocarbons. The Company is currently operating in Tasmania's central and northern basins.

Note: The information presented in this press release contains forward-looking statements which are based on the current expectations of the management of Empire Energy Corporation Int'l only, and actual results may differ materially. For a more detailed discussion of risks and other factors related to Empire Energy Corporation Int'l, please refer to its 10-KSB and 10 QSB reports filed with the U.S. Securities and Exchange Commission.

Contact Information

  • For further information please contact:

    Mr. John C. Garrison
    Director
    Empire Energy Corporation International
    Tel: 1 (913) 663 2310
    Fax: 1 (913) 663 2239
    Email Contact