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Empyrean Energy said a well had successful appraised the Mako gas field offshore Indonesia.
Empyrean Energy held an 8.5% interest in the associated Duyung production sharing contract.
'The fact that we have confirmed good quality reservoir at a 13.5 kilometre step out from the Mako South-1 discovery well is an excellent step forward for this project,' chief executive Tom Kelly said.
'The wireline logs confirm excellent porosity and permeability and we look forward to the flow testing programme to commence.'
'This is excellent news and progress so early on in our drilling campaign and, with a further well with additional high impact exploration potential to come, we look forward to updating our shareholders of further progress.'
At 2:08pm: (LON:EME) Empyrean Energy PLC share price was +0.65p at 9.7p