how about some info about emerald?trades today 4mln buys 1mln sell.is it just me or is their demand for this share?why does the price not move?I,m new to this caper!cheers.

we shall agree to disagree. i have been in this name at various time since the mid 90's and have a built my view around a management team that only disappoints.
i have never been one to pour water on a stock to rile other people but it is my heartfelt belief that een will drift.
if i am wrong then so be it.

going higher - 143p now

Taking a break at the moment still needs some news re new wells and poss new licences perhaps in russia forward p/e of 13 for 2005 go to be too low

LONDON (AFX) - Emerald Energy PLC said it has entered into a three-well contract with Parker Drilling Company International Ltd.

Beginning in November, the Campo Rico 2 and 3 wells will be drilled directionally from the site of the Campo Rico 1 well that has been on production since May.

The drilling rig will then drill the Vigia 1 exploration well on the Vigia prospect, 11 km from the producing Campo Rico field.

Alastair Beardsall, Emerald's chairman, said: 'The back-to-back drilling of these three new wells in the Campo Rico Block enables Emerald to save on the overall drilling costs and rapidly consolidate the drilling success achieved earlier in the year'.

tc

the news weve been waiting for

Emerald Energy wins 2 exploration evaluation contracts in Columbia
AFX


LONDON (AFX) - Emerald Energy PLC has been awarded two new 'Technical Evaluation Agreements' in the Llanos Basin of Colombia, and will carry out technical studies to identify the presence of prospective exploration areas over a ten month period.

Throughout the term of each TEA, the company said it has the first right of refusal over any exploration and production contract proposed by a third party in the two areas. Emerald currently produces over 1800 barrels of oil per day in Colombia.

The Mantecal and Altamira Agreements, in which the company has a 100 pct working interest, cover areas of 1875 sq km and 2845 sq km respectively in the north of the Llanos Basin, Emerald said.

could we see them reach 200p by christmas?

hope so cannot see it thought when drilling news comes out expect to shoot forward as no new strikes in this price

nice move today

Fair chance MMs walked price up to today's news; so despite the news being just fine, a little weakness short term would not surprise me. Hence I reduced my holding in EEN, taking some profits, to plough into SYM on a quick punt on favourable outcome of trial (or settlement out of court beforehand?). I expect to be adding EEN again soon, however, ideally with profits from SYM. We'll see!

are th floods in columbia having an effect as it seems to be struggling to get away from this level even with good news flow ??

gordo - Last news seemed to be short on details; I think there is a little nervous sentiment showing-up as the weakening price, especially today, not helped by the oil price. I'm confident it will come good in the end (very good actually), but I'm not ready to add just yet (indicators mixed). Drilling results expected in December from Campo Rico #2 might well see a speculative run-up, and if that starts in the lower part of the 125-140p area, I expect to be buying into it.
The floods in Colombia could be a factor, true; we had that some years ago with Gigante / access 'roads'.

Emerald Energy says current production in Colombia now exceeds 2,500 bopd
AFX


LONDON (AFX) - Emerald Energy PLC said it is now producing over 2,500 barrels of oil per day in Colombia as more oil flowed from its existing wells.

Campo Rico 1 hole, which started production in May, is currently producing over 1,800 bopd, it said.

'We are encouraged to see that the production from our existing wells continues to rise. Our accelerated drilling programme is on target to deliver a significant increase in production when the two new Campo Rico wells are brought on stream early next year,' said chairman Alastair Beardsall.

The group used to produce 1,800 bopd both from Campo Rico 1 and Gigante 1A.

Campo Rico 2 development well is to start production next month, while Campo Rico 3 is expected to commence production shortly after.

The rig will then be moved to drill the Vigia 1, an exploration hole, also in the Campo Rico block.

this is great news and the price is moving accordingly perhaps 200p is not too far away now expect a broker upgrade with this sort of increase in revenue

got to be one for 2005 could be looking at 10,000 bpd by end of 2005 ?

RNS Number:2632H
Emerald Energy PLC
12 January 2005


Emerald Energy Plc

Drilling Report


Emerald Energy Plc ("Emerald" or the "Company") is pleased to announce that the
Campo Rico #3 development well in the Campo Rico block in the Llanos basin of
Colombia has reached its target and is now being completed for production.

The well was drilled directionally from the Campo Rico #1 well site to a
measured depth of 11,287 ft and encountered the oil-bearing Mirador sands
approximately 2700 ft to the NNE of the Campo Rico #1 well.

After completing Campo Rico #2 and #3 the Parker 222 drilling rig will leave the
field to drill the Vigia #1 exploration well, also in the Campo Rico block, and
the two new production wells will be tested and brought onto production through
the expanded Campo Rico production system.

Alastair Beardsall, Emerald's Chairman, said: "The successful drilling of the
third well at Campo Rico has completed the initial development of the oil field
within ten months of its discovery last March. The benefit to the Company of the
recent capital raising, which gave us the ability to accelerate our drilling
programme, will be clearly demonstrated when production from the two additional
Campo Rico wells starts as expected by the end of February 2005."


12 January 2005



Press enquiries:

Alastair Beardsall, Chairman and Chief Executive
020 7925 2440



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

END
DRLSFAFMFSISELF

RNS Number:0959F
Emerald Energy PLC
11 November 2004


Emerald Energy Plc

Investment in JSC Krasnoyarskgazprom


Contract


Emerald Energy Plc ("Emerald" or the "Company") is pleased to announce that it
has entered into a conditional sale and purchase agreement with Star Capital
Research Limited ("SPA") to acquire a 25% interest in JSC Krasnoyarskgazprom
("KGP") for the consideration of 12 million new ordinary shares of 10p each in
the capital of the Company ("Consideration Shares"). OAO Gazprom ("Gazprom"), a
vertically integrated Russian gas company, holds the remaining 75% interest in
KGP.


KGP has the right to explore and produce hydrocarbons in the Sobin, Omorin and
Beryambin licence areas of East Siberia in Russia.


The Sobin licence area, where more than 50 wells have been drilled to date, is
estimated under the Russian system of reserve classification to contain C1
reserves of approximately 100 million barrels of oil(1) and condensate and 2.8
trillion cubic feet of gas(1); together equivalent to some 575 million barrels
of oil(2).


The Omorin licence area is currently being explored and, to date, 4 wells have
encountered hydrocarbons.


Beryambin is an exploration area where no wells have been drilled to the
prospective formations yet.


The Sale and Purchase Agreement is subject to the satisfaction of certain
conditions precedent by no later than 31 March 2005. Due to the size and nature
of the proposed investment in KPG, one of these conditions is shareholder
approval. Subject, inter alia, to the completion of satisfactory due diligence,
Emerald will send a circular to shareholders seeking such approval in due
course.


Alastair Beardsall, Emerald's Chairman, said: "For Emerald, this is a valuable
opportunity to make a strategic investment. East Siberia has great potential to
produce its vast reserves of hydrocarbons once export routes to Europe, China
and the Pacific are available."


Emerald is currently producing in excess of 1800 barrels of oil per day from its
two producing wells: the Campo Rico #1 well in the Campo Rico Block and the
Gigante #1A well in the Matambo Block located respectively in the Llanos and the
Upper Magdalena basins of Colombia.


11 November 2004

Press enquiries:

Alastair Beardsall, Chairman and Chief Executive: 020 7925 2440



(1) In the Company's opinion, C1 reserves calculated under the Russian
system of classification overstate those generally considered as probable
under the SPE criteria; the C1 reserves quoted above have been reduced
accordingly.

(2) Gas volumes have been converted using the ratio of 6,000 standard cubic
feet to 1 barrel of oil.





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

END
MSCGUGCCGUPCGQU

RNS Number:5170F
Emerald Energy PLC
23 November 2004


Emerald Energy Plc
23 November 2004


El Algarrobo Farm-In


Emerald Energy Plc ("Emerald") is pleased to announce that it has entered into
an agreement with Rancho Hermoso SA to farm-in to the El Algarrobo Association
Contract.


Subject to the approval of the Colombian state oil company, Ecopetrol, Emerald
will participate in the drilling of the El Algarrobo #1 exploration well and
will earn a 50% interest in the El Algarrobo Association Contract. It is
expected that the well will be drilled in the first quarter of 2005 at a cost of
approximately $3 million.


The El Algarrobo prospect lies approximately 35 km NW of Emerald's Campo Rico
oilfield in the Llanos Basin of Colombia and about 5 km NW of the Rancho Hermoso
oilfield, which produces light oil of 37 degrees API at individual well rates of
up to 2,500 barrels per day.


Alastair Beardsall, Emerald's Chairman, said: "The El Algarrobo farm-in
emphasises Emerald's long term commitment to Colombia. It adds another well to
our accelerated drilling programme that started two weeks ago. Being so close to
established oil production, we are very hopeful of a positive result from the El
Algarrobo exploration well."


Emerald currently produces in excess of 1800 barrels of oil per day from its two
producing wells: the Campo Rico #1 well and the Gigante #1 well, located in the
Llanos and the Upper Magdalena basins of Colombia, respectively. The Campo Rico
#2 development well is currently drilling below 9000 ft.


Press enquiries:


Alastair Beardsall,
Chairman and Chief Executive
020 7925 2440






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

END
AGRPUGAGGUPCGMP

EEN is now well under valued.

Up to interims in June 2004 thy produced 159,000 barrels for the half year, Since have produce 408,500 plus barrels to end Dec 2004 From giante#1 and Campo Rico #1.

Capmo Rico#1 exploration well now producing 1800 + bopd, the two new wells Campo Rico#1 and #2 are production wells and should produce well in excess
of 2000bopd imho, thy start producing in Feb as per RNS so with the 4 wells
producing a approx total 6500bopd x 125 day = 812,500 from 1st march to end June 2005 + Jan and Feb Giante#1 and Campo Rico#1 total 2500bopd x 56 days
= 140,000 so approx total output till end June 2005 812,500 + 140,000 = 952,500 barrels at say $38 a barrel revenue = 38 x 952,500 = $36,195,000.

EEN are in profit got cash in bank and will be up approx 793,500 barrells oil
over same period 2003 this is a massive increase and they have another 13 wells
to drill in 2005 and this is without JSC Krasnoyarskgazprom.
From June 2004 to Dec 2004 thy produce 390,500 plus barrels against 156,384 barrels same period 2003

Hence my reasoning that thy are under valued

looks like the 150p resistance might be finally broken

EEN now looking very intresting imo will be in excess of 10 by end of
2006 and could be a lot more, this not a ramp but in my honest opinion as always do your own research all information in RNS!s and on company web site.

good luck to all that hold