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

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.

http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=GPX:LN&sid=ahM6zZLuGrQo
Production expected from Syria next week?
cyril

Here's the article which was responcable for today's hike.
http://www.telegraph.co.uk/money/main.jhtml?xml=money/2008/07/21/cngulf121.xml
Also GPX issued an RNS stating they will update the market on the reports
this morning, the 1st production.
cyril

Here's the article which was responcable for today's hike.
http://www.telegraph.co.uk/money/main.jhtml?xml=money/2008/07/21/cngulf121.xml
Also GPX issued an RNS stating they will update the market on the reports
this morning, the 1st production.
cyril

deleted to wide

RNS Number : 5652Z
Emerald Energy PLC
22 July 2008








Emerald Energy Plc

22 July 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.

Production in the Khurbet East field commenced on 21st July with oil production from the
Khurbet East No.4 well, the first to be
connected to the early production facility.

Operations will continue with the connection of the Khurbet East No.5 and Khurbet East
No.6 wells to the early production facility, and
the re-entry, completion and connection of the Khurbet East No. 2 and Khurbet East No. 3
wells. These operations are expected to take place
over several weeks.

An update on production rates will be provided at a later date when these operations have
completed and production levels have
stabilised.


Emeralds' Chief Executive Officer, Angus MacAskill, said:

"We are delighted with reaching this milestone of first production from the Khurbet East
field, following a rapid development made
possible by the co-operation of the co-venturers, the Syrian Petroleum Company, and the Syrian
Government, and we look forward to the
stabilising of production levels over the next few weeks following the connection of the
remaining four production wells."


Enquiries: Lisa Hibberd 020 7925 2440



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

And Gulfsands, Emeralds parteners take on the situation





Immediate Release 22 July 2008

Gulfsands Petroleum plc
Oil Production Commences at Khurbet East Field

London, 22nd July 2008: Gulfsands Petroleum plc ("Gulfsands", the
"Group" or the
"Company" - AIM: GPX), the oil and gas production, exploration and
development company with activities in Syria, Iraq, and the U.S.A.,
is pleased to announce that the production of oil commenced at the
Khurbet East Early Production Facility ("EPF") in Block 26, Syria on
21st July 2008.

This early commencement of oil production follows the fast tracking
of construction of an EPF for the Massive Reservoir in the Khurbet
East Field. The discovery well for the Khurbet East field, KHE-1,
completed operations in June 2007.

Gulfsands, the Operator of Syria Block 26 and Dijla Petroleum Company
("DPC"), the jointly owned company established with Syria Petroleum
Company ("SPC") to act as the "joint operating company" under the
terms of the Production Sharing Contract for Block 26, completed the
EPF less than six months after the receipt of approval from the
Syrian Petroleum Company and the Government of Syria for the
development of the Khurbet East Field (see announcement 13th
February, 2008). The commencement of production of oil is several
months ahead of the development schedule contemplated at that time.
The first well brought into production is KHE-4, one of the three
vertical wells to be tied into the EPF. The Company is now proceeding
with un-loading and kick-off operations of the two horizontal wells
(KHE-5H and KHE-6H) and will follow with the two remaining vertical
wells (KHE-2 and KHE-3). The Company expects that it will take
several weeks to complete these operations.
The Company will provide an update on production once all these
operations are completed and production rates have stabilised.
Commenting on this important production milestone, Andrew West,
Chairman of Gulfsands said:
"From discovery to production within this timeframe reflects the
considerable abilities of our technical team and the high level of
co-operation with the Government of Syria and Syria Petroleum
Company. With production from Khurbet East having started well ahead
of schedule, which will ramp up as we tie in additional wells, we
look forward to further developing the other opportunities in Block
26 in what is a highly prospective and proven hydrocarbon system in
Syria."

For more information please contact:

Gulfsands Petroleum (London) +44 (0)20-7182-4016
Kenneth Judge, Director of Corporate Development +44 (0)7733-001-002

Here we go again...zooooom !

Good morning, exciting piece of news today. And some movement in the price,the
start of a whole lot more to come once the other wells are tied in?
cyril