EXPLORATION

Magnum out as Empyrean steps up

PERTH-based Empyrean Energy, which has just spudded the Mako South-1 well off Indonesia’s coast, has increased its exposure to the potentially play-opening Dempsey-1 well in California just weeks out from the spud, while Magnum Gas & Power is out of the drilling.

Magnum out as Empyrean steps up

The London-listed Empyrean, which was a pioneer in the Eagle Ford Shale, has elected to earn an additional 5% in the Dempsey plus a total of 25% in the Alvares appraisal, and it has also taken an option...

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