Empyrean Energy secures rig and begins countdown to Jade well drilling

Empyrean Energy PLC (AIM:EME, FRA:E1E)'s Gaz Bisht tells Proactive they've signed up a rig for the planned Jade exploration well in China, setting a December spud date. The company awarded the contract to China Oilfield Services Limited which proposed a significantly reduced drilling cost estimate of US$12.3mln, compared to a prior US$18.5mln estimate.