http://emerald-energy-een.blogspot.com/


I decided to start this thread due to the lack of interest via the other thread?
Today EEN with its partner GPX released what can only be described as outstanding news, a 3rd appraisal well in a field couple of kms across flowed 3420bo on a small choke, unaided and they still have not found the limits of this field. Reserves will released in the next 3 weeks and could go as high as 100mbo(speculative).
The market has yet to digest this latest news and imo the SP is still in the bargain range?

http://www.emeraldenergy.com
http://www.investegate.co.uk/Article.aspx?id=200812220700095529K
http://www.investegate.co.uk/Article.aspx?id=200901260700092060M
http://www.emeraldenergy.com/documents/20090126EENInvestorPresentation.pdf/
http://www.investegate.co.uk/Article.aspx?id=200902110700131142N
http://www.emeraldenergy.com/documents/EEN2008Results.pdf
http://www.investegate.co.uk/Article.aspx?id=200905060700127309R
http://www.emeraldenergy.com/documents/EENInvestorPrentation/May2009.pdf

cyril

This company is going from strength to strength.
http://www.investegate.co.uk/Article.aspx?id=200805190700047029U
cyril

Block 26 PSC Oil Revenue Distribution

The Block 26 Contractor Group (Gulfsands 50% and Emerald 50%) is entitled to

Based on US$105/barrel realised oil price and gross daily production 25,000 bbls/day
recovery of all SPC approved exploration, development and operating costs
Exploration and operating costs are fully recoverable within a calendar year
Development capital cost recovery is capped at 25% per year (i.e. 100% of capital costs recovered after 4 years)
For example, based on a US$105/barrel realised oil price, the Contractor Group will receive in ~US$62barrel of revenue per barrel of produced oil while costs are
being recovered
After costs have been recovered, Contractor Group revenue is ~$32 barrel of produced oil

niceonecyril

The May 08 PDF updated

http://www.gulfsands.net/i/pdf/CorpPres-May08.pdf

GO BABY GO, 371p.
cyril

going nicely - with two productive drills inn progess at opposite sides of the world to reach target depth in the next 1-2 months - looks good to sustain this growth for a while longer.

http://investing.thisismoney.co.uk/cgi-bin/digitalcorporate/thisismoney/broker_rec.cgi
Worth remembering, news from Colombia expected next week and Syria some
within 3 weeks?
cyril

Hitting all time high, hope it finishes at a end of day high?
cyril

.

copy of evo's latest note posted by AG on ADVFN EEN bb

as promised, EVO's latest note (Emerald Energy : 630p target)

Oil Sector Review - Ultimately industry is the price setter
http://www.mediafire.com/?m9iyf2j12wn

RNS dated 19th May stated that a 5th well Vigia5 had commenced (when exactly?)
and would take approx one month, so should get the result this week. This well is disscribed as a producer, so a welcome addition to our already steady Colombian production.
From the same RNS KE-6 will take 50 days, this is bekieved to be ahead of time and if so could be early July?
cyril

I,m using GPX's update as its more comprehensive, excellent as expected.
http://www.investegate.co.uk/Article.aspx?id=20080617070000H8413
cyril

Cyril
not long to first production

Emerald Energy Plc

17 June 2008

Khurbet East Field Update, Block 26, Syria

Emerald Energy Plc ('Emerald' or the 'Company') would like to provide the following update on activities in the Khurbet East field in Block 26, Syria.
Khurbet East No.6, the second horizontal development well in the Khurbet East field, has been drilled with a 200 metre horizontal section in the Cretaceous Massive reservoir. The reservoir was encountered at the expected depth and the well was completed and suspended as the fifth production well available for production from the Massive. Well testing operations were not conducted and the productivity of the well will be determined after the commencement of production through the early production facilities.

The installation of the early production facilities to gather the production from the Massive production wells is expected to be completed during the third quarter of 2008.
Emeralds' Chief Executive Officer, Angus MacAskill, said:

'We are pleased to have completed the development drilling for the early production phase of field development and look forward to commencement of production after the installation of the early production facilities.'

Emerald holds a 50% interest in Block 26 through its fully owned subsidiary SNG Overseas Ltd.

Enquiries: Lisa Hibberd 020 7925 2440

DFGO. yes as we almost hit 4 what can we expect from a Colombian increase
coupled with KE coming on line?
Since i started this thread it has been possible to get stock for less than 2 so
in 6 months up 100%, as the headline states "AMAZING NEWS" and little risk?
cyril

Excellent news once again....GPX doing fine as well.

Cyril
first production from Syria now expected in 3rd quarter.

The installation of the early production facilities to gather the production from the Massive production wells is expected to be completed during the third quarter of 2008.

I see the highest trade was for 435p, before settling down.
cyril

Slightly disappointed, expected news of V5 "Production Well" which according to
the RNS should have taken about a month. Now that takes us somewhere to the
19th and here we are some 5/6 days overdue, which in terms of %ages is quite
a bit. So its not unreasonable to expect an announcement sometime this week
(preferrably tomorrow)?
cyril

http://www.investegate.co.uk/Article.aspx?id=20080701070000H2381
From GPX's,as i've said before AMAZING NEWS.
cyril

Why the recent pull back , anyone think the progress is not quite up to expectations? Could the valuation have been too toppy anyway?
TIA