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

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

Seems general market and perhaps getting a little ahead,a good source feels that
news from V5 is out next week and we could get production start up from Syria
even sooner than expected? So hopefully a rerating in the v/near future.
cyril

SP dropped to 330p, a chance for those interested. News from Colombia expected
this week(V5 production well) and start up of production next month from Syria.
aimho
cyril

Well V5 up and running, problems with gigante again so not to the markets liking although now over 4000bopd and will undoubtably increase with time.
http://www.investegate.co.uk/Article.aspx?id=200807080700095207Y
Looks like the market in general is being taken down which seems to be the norm for this time of year? So we wait until next month for the Syrian KE well to
start production before any real movement in the SP,a great buying opportunity
with a company which is now on the verge of a real break out?
aimho
cyril

A nice late tick up today, lets hope its the start of reconnising the improved output from Colombia and within approx 6 weeks a whole lot more oil from Syria?
Not holding my breath though.
cyril

http://www.investegate.co.uk/Article.aspx?id=200807140716159627Y
http://www.investegate.co.uk/Article.aspx?id=200807140716319628Y
I'm adding the Interims to the lead post.
cyril

Some highlights from the latest RNS's, cash revenue up from $11m to $48.4m. For the last 7 months an average of 2901bopd now over 4000bopd an extra 30%+,
which will be suplimented by further wells fron Vigra 6 and Vigra 7 ?, another well in Campo Rico No1 well in Obmu (Campella 1) and of course Syria (due next month).
Also a further exploration well which has been idenified by 3D Sysmetics, so all in all a very good report which will imho be rewarded for those who wait?
cyril

Some highlights from the latest RNS's, cash revenue up from $11m to $48.4m. For the last 7 months an average of 2901bopd now over 4000bopd an extra 30%+,
which will be suplimented by further wells fron Vigra 6 and Vigra 7 ?, another well in Campo Rico, the 1st well in Obmu (Campella 1) and of course Syria (due next month).
Also a further exploration well which has been idenified by 3D Seismetics, so all in all a very good report which will imho be rewarded for those who wait?
cyril

Just one of the many reports from yesterdays news,
http://business.timesonline.co.uk/tol/business/markets/article4334059.ececyril

niceonecyril


New investor presentation on website

http://www.emeraldenergy.com/

16 July 2008 Investor Presentation Update July 2008 - PDF (1249 kb)

Someting is happening here...it's going ballistic !.

A 100p spread....crazy...!.

AMAZZZZZZING
cyril

52.5p increase since this morning....oil strike in Colombia perhaps ?.

RF don't think so, its more likely to be impending news of 1st production from Syria? Then couple that with the latest Colombian increase in output via Vigra 5
with a 6th being drilled and the overall picture is very rosy. But this is the message
i've been beating the drum about from the 1st post.
cyril

Well I've been in this for years and with RIFT this morning hitting a possible jackpot it has been a good morning.