Empire Oil & Gas Nl Stock Market Press Releases and Company Profile

Perth, Nov 7, 2008 AEST (ABN Newswire) - Empire Oil & Gas NL (ASX:EGO)(PINK:EOLGF) is pleased to announce the status of drilling Lake MacLeod-1 for the period 0000 hrs 6 November 2008 to 2400 hrs 6 November 2008.

The current operation at 0600 hrs 7 November 2008 is drilling in 8 1/2" (216mm) hole at 750m. Wait on electric wireline logging unit to log the well.

The future operations: Log the well to evaluate reservoir objectives.

LAKE MACLEOD-1 PETROLEUM EXPLORATION WELL

EP 439/461, WESTERN AUSTRALIA

1. Well Name/Permit Lake MacLeod-1 - EP 439/461, Western Australia

2. This report is for the Period: The period 0000 hrs 6 November 2008 to 2400 hrs 6 November 2008

3. This ASX Release Time and Date: 1000 hrs WST 7 November 2008

4. Report No: 16

5. Spud Date/Rig: 30 September 2008

6. Days since Spud: 28 (Excluding crew break from 7 to 15 October 2008)

7. Location of Well: Latitude 240 35' 26.03"S Longitude 1130 32' 19.38"E 2kms north east of Shot Point 1500 seismic line CG83-01

8. Elevation:
G.L. 2 metres
RT. 3 metres
RT to GL 5 metres

9. Proposed Total Depth: 760 metres

10. Targets: Gneudna Formation Carbonates and the Nannyarra Sandstones

11. Present Depth: At 2400 hrs 6 November 2008 - 747m.

12. Geological Summary:

For 0000 hrs 6 November 2008 to 2400 hrs 6 November at 747m -
745m to 747m - Nannyarra Sandstone, sandstone with subordinate siltstone and claystone. Sandstone increasing with depth.


Formation Tops

Trealla 15
Cardabia 25
Korojon 70
Toolonga 183
Gearle 465
Windalia 515
Muderong Shale 529
Birdrong Sandstone 542
Gneudna 559
Nannyarra Sandstone 708

13. Hydrocarbon Indications: None.

14. Operations since last Report: Tripped new bit. BOP test ok. Ran back in hole. Drill ahead.

15. Current Operations: Drilling ahead at 750m at 0600 hrs 7 November 2008

16. Future Operations: Drill ahead 760m. Electric wireline log.

17. Participants in the well:

Empire Oil & Gas N.L. (Rough Range Oil Pty Ltd - Operator)- 30.356%
Longreach Oil Limited - 9.352%
Indigo Oil Pty Ltd - 4.676%
Falcore Pty Ltd - 2.596%
Vigilant Oil Pty Ltd - 0.52%
Jurassica Oil & Gas Plc - 35%
Black Fire Energy Limited - earning 7.5% by Farmin from the J.V.
DVM International Limited - earning 10% by Farmin from the J.V.

Contact

Mr Craig Marshall
Managing Director
Phone: +61-8-6389-2687
Facsimile: +61-8-9386-6812
E-mail: cmarshall@empireoil.com.au


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