this doubles reserves with campo rico to be decided price on the move but not officially confirmed but cannot get any more cast iron view than from the state
owned company can see een really motoring shortly


News from Fridays Rigzone.com:-

http://www.rigzone.com/news/article.asp?a_id=24443

Ecopetrol, Partners Drill 16 Wells Year-to-Date

Colombia's state oil company Ecopetrol and partner companies have drilled a total 16 exploration wells so far this year, of which seven have found oil, the SNE government news service quoted Ecopetrol exploration VP Pedro Restrepo as saying.

Ecopetrol alone drilled nine of the 16 wells and it is close to completing an additional three wells, Restrepo said.

The seven successful wells have added 68 million barrels (Mb) of possible crude reserves, Restrepo added. Ecopetrol estimates there to be approximately 34Mb in the Cagui field in the Medio Magdalena Valley and 15Mb at the Vig field in the Llanos Basin. Related Pictures

Vig is operated by UK oil company Emerald Energy.

Ecopetrol and its partners plan to drill a total 25 exploration wells this year, which could rise to 40 including wells to be drilled under contracts recently signed by the country's hydrocarbons regulator ANH.

Twenty-one exploration wells were drilled in 2004, of which private companies drilled 20 and Ecopetrol drilled only one, the company said in its 2004 annual report. Twenty-eight exploration wells were drilled in 2003.

Colombia's government has been working on security issues to generate a more stable investment climate in the hydrocarbons sector as well as drumming up interest in the country's large unexplored territory.

As a result the government now forecasts the country will remain self-sufficient in oil until 2011 compared to the previous estimate of 2009.

have been in EEN since the mid 1990's. has ALWAYS disappinted. be wary.

proptrade - do you not think that with a single-purpose operation in Colombia producing rapidly increasing oilflow into higher market prices, value will out eventually for EEN?

We are still technically in a downward trend from last May - do you imagine there is much of a stock hangover from 17 months ago still?

Would you mind if I was personally rude to you as well as asking serious questions - it seems to be the fashion on the other threads I have read this evening, but I just can't think of a mean-minded enough thing to say. Just have to stick to what I know - genial, buffoonery - lol!

sd

proptrade, et al

have you read Alastair Beardsall Chairman & CEO, of EMERALD ENERGY presentation pdf http://www.emeraldenergy.com/docs/2005-Interim-Results-Presentation.pdf

It's all there

LLANOS AREA ASSETS
Campo Rico Block.
A.Campo Rico field.
B.Vigia field
C.5 Exploration prospects.

Algarrobo block.
Agueda prospect.

TEA's
Mantecal.
Altamira.
Las Brisas.
Cachama.

Campo Rico Field.
A.3 wells drilled and on production.
B.2p Reserves 5.3 mmbbl.
C.3p Reserves 8.5 mmbl.
D.3d seismic survey of 172 km2 being acquired to evaluate new well locations

VIGIA FIELD.
A.Vigia Field 3 production wells drilled.
B.Vigia#1 producing at 700bopd.
C.Vigia#2#3 Ready for production.
D.Constructing surface facilities for greater production rates.
E.Reserves are being independently Evaluated (pre-drill estimate 11 million
barrels
F Further wells planned after 3D seismic survey has been acquired and interpreted.

Matambo Assoc Contract.
A.Giante#1 Currently producing 725bopd.
B.Giante#2 well is being planned for the future.
C.Fram-Out proposal being prepared to share costs($15-$20m)of Seismic acquisition program and Giante#2 drilling costs.
D.2p Reserves 8.0 mmbbl.
E. 3p Reserves 18.2 mmbbl

EL ALGARROBO
Plan to spud Agueda#1 Q1 2006

Fortuna Assoc Contract
A.Silfide#1 Exploration well to Lisama,to Drill in Q4 2005. (Already Spudded)
B.Drill Silfide#2#3 if well #1 successful
C Planning La Luna Horizontal well in 2006.

Recoverable resources as at 31 December 2004 p+p+p/Potential 75.7 mmbbl.

EXIT 2005 (December)target gross production in excess of 5,000.

And lots more.
the link do not work go to www.emeraldenergy.com under the Emerald Energy
logo click Investers Presentation it's a very good read

Operations Update

RNS Number:2399S
Emerald Energy PLC
05 October 2005


Emerald Energy Plc

Operations Update

Emerald Energy Plc ("Emerald" or the "Company") is pleased to provide the
following update:

The Company has contracted Ismocol, a Colombian drilling contractor, to drill
its exploration well, Silfide No.1, to a depth of approximately 5,000 ft in the
Fortuna Block in the Middle Magdalena Valley, Colombia. The rig is currently
being mobilized and plans to spud the well on 7 October 2005. The Silfide No.1
exploration well will target the, as yet un-drilled, Lisama sands.

It had previously been announced that Silfide No.1 was to be drilled by Saxon's
Rig No. 222. However the increased activity in the worldwide rig market has
driven rig day rates to a level where the operational advantages of using an
existing contractor's rig did not compensate for the additional costs of using
an over sized rig to drill to the relatively shallow depths for the proposed
well. Under the contract with Ismocol the rig day rate and mobilization charges
are substantially less that those proposed by Saxon.

The Company is currently producing in excess of 4,300 barrels of oil per day
from 5 of its 7 production wells; the remaining 2 wells will be put on
production as the construction of enlarged surface production facilites is
completed.

Alastair Beardsall, Emerald's Chairman, said: "Silfide No.1 is the 1st
exploration well to be drilled into the Lisama sands on the Fortuna block and
will fulfill this years drilling commitment under the Fortuna Association
Contract."

Please note the Company's web site at www.emeraldenergy.com has been updated
with a copy of the new IFRS accounting policies and the presentation "Interim
Results to 30 June 2005 & Operation Update".

Enquiries: Helen Manning 020 7925 2440

copied from moneyam competiter


I hope no one has already posted this from Saturdays MI:-

Emerald Energy - Oil e&p firm eyes strong production growth
(Momentum Investor) Emerald Energy, which has oil exploration & production interests in Columbia, is quietly developing into a company with realistic pretensions of eventually emulating the success of TMI favourites Burren Energy and Dana Petroleum. In spite of a chequered history, which saw a fire severely curtail its original source of production, Emerald has undergone a remarkable transformation following a management clear-out two years ago. Aided by a rescue financing, the new team has discovered six straight successful wells, which has led to a surge in average daily production from 700 barrels oil per day (bopd) to an expected 6,000 by early next year.

Emeralds main asset is its Campo Rico licence (currently 100% owned, although its government partner, Ecopatrol, has the right to take a 50% working interest), which is situated in the highly productive Lllanos Basin, an area covering 503 km, East of the Columbian capital, Bogota. From its very first attempt in March last year, Emerald discovered commercial quantities of oil and with two follow-on appraisal wells also proving successful, production at this field has already reached 2,800 bopd, which is underpinned by proven and probable reserves of 5.3 million barrels.

However, what made investors really sit up and take notice was the discovery of a second field, Vigia, which is situated 11 km east of the original Campo Rico field. Again, Emerald enjoyed success with two further appraisal wells, which means that once new production facilities are built by the end of this year, Vigias three wells should be pumping out nearly 3,000 bopd, taking group production towards the 6,000 bopd mark. At that point, Emerald is also likely to update investors with a very positive reserves report on Vigia, with pre-drill estimates indicating that it holds 11 million barrels.

Emeralds operational health is mirrored by its strong financial position, with net cash standing at US$17m, while its broker Evolution is forecasting pretax profit to quadruple to US$9.2m this year, before rising again to US$12.3m in 2006. These funds will be invested in an active drilling program over the next 18 months including two further development wells at Campo Rico and Vigia and at least three exploration wells. The most exciting is its Fortuna Association contract in the Middle Magdalena Basin, an area just to the North of three producing fields, which holds potential reserves of up to 30 million barrels in relatively shallow waters, which keeps drilling costs quite low. The first exploration well, Silfide 1, a 10 million barrel prospect costing US$1.6m, is due to be spudded imminently.

Emerald will be more forthcoming on other potential exploration targets once it has acquired and interpreted data from a 3D seismic survey, but suffice to say that it has plenty of irons in the fire. One sign of its increasing ambition is its drawn out attempt to acquire a 25% interest in Russian oil firm JSC Krasnoyarskgasprom (KGP), in return for 12 million Emerald shares. KGP holds interests in Eastern Siberia, with Russian classified reserves of 100m barrels of oil and 2.8 trillion cubic feet of gas, which suggests that if Emerald succeeds, this would go down as one of the deals of the century. However, with AIM-listed oil firm Sibir Energy claiming that its assets were stolen by Roman Abramovics former oil company, Sibneft, Emerald may baulk at the risks of doing business in that part of the world.

With the downside protected by its sharply rising production profile and its upside potential underpinned by its extensive exploration prospects, Emerald could prove to be a star performer over the next two years. Buy.

RNS Number:0971T
Emerald Energy PLC
25 October 2005


Emerald Energy Plc

Drilling Report


Emerald Energy Plc ("Emerald" or the "Company") is pleased to provide the
following update:

The Company has drilled Silfide #1 to a measured depth of 5,114 ft. The well has
been logged and potential zones capable of producing oil identified. The Ismocol
drilling rig is now running casing after which the Company will prepare to test
the well.

The Company is currently producing 4,300 barrels of oil per day from the fields
that it operates.

Alastair Beardsall, Emerald's Chairman, said: "The preliminary indication from
the well logs for this 1st well drilled by Emerald on the Fortuna Block is very
encouraging. We are now preparing to test this well and if it demonstrates
viable oil production we shall bring the rig back to drill appraisal and
development wells."


Enquiries: Helen Manning 020 7925 2440



This information is provided by RNS
The company news service from the London Stock Exchange
END
DRLFEDFMLSISEIS

CATEGORY: SMALL CAPS NEWS SECTOR: OIL & GAS
Emerald encouraged by Fortuna well
Tue 25 Oct 2005

EEN - Emerald Energy

Latest Prices
Name Price %
Emerald Energy 181.00p +3.72%

FTSE Fledgling 3,398 0.00%
Oil & Gas 7,025 -0.70%

LONDON (SHARECAST) - Buyers piled into Emerald Energy today after the oil explorer said results from drilling at its first well on the Fortuna block in Colombia are very encouraging.

The preliminary indication from the well logs for this 1st well drilled by Emerald on the Fortuna Block is very encouraging, said chairman Alastair Beardsall.

We are now preparing to test this well and if it demonstrates viable oil production we shall bring the rig back to drill appraisal and development wells.

The company said it is currently producing 4,300 barrels of oil per day from the fields that it operates.

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=560539

Emerald Energy

Production June 2004 700bopd, now producing 4,800bopd and a 100% strike rate seven wells from seven drilled since beginning 2004

Emerald Energy PLC
08 November 2005


Emerald Energy Plc

Operations Update

Emerald Energy Plc ('Emerald' or the 'Company') is pleased to provide the
following update:

Emeralds first exploration well on the Fortuna block, Silfide #1, has been
drilled to a total depth of 5,114ft and 12ft of net pay identified in the Umir
formation using wireline logs. The well has been cased and a production test has
recovered 38 barrels of 16.2 API gravity oil during swabbing operations, an
artificial lifting technique. The test string has been replaced with a
completion string and the rig is being released. The Company is now evaluating
various artificial lift methods to determine the best one for the well.

The planned expansion of production facilites at Vigia field is progressing and
sufficient capacity is now available to produce both Vigia #1 and #3. Vigia #2
will be tested and put on production when gathering and separation capacity is
available. The Company is now producing oil from 6 wells at a combined rate of
4,800 bopd.

Alastair Beardsall, Emerald's Chairman, said: 'The recovery of oil from Silfide
is encouraging, we are now evaluating the use of artificial lift to develop the
Silfide field.'


Enquiries: Helen Manning 020 7925 2440

Why don't we just agree to use one thread - it's not exactly overburdened with new or informative posts - I'm sick of reading the same post on all three threads.

I nominate the one simply called Emerald Energy- not this one.

sd