kendoken
- 22 Mar 2004 12:11
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.
DFGO
- 13 Jan 2005 00:57
- 176 of 249
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
DFGO
- 13 Jan 2005 01:02
- 177 of 249
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
DFGO
- 13 Jan 2005 01:06
- 178 of 249
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
DFGO
- 13 Jan 2005 02:23
- 179 of 249
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
gordon geko
- 14 Jan 2005 10:29
- 180 of 249
looks like the 150p resistance might be finally broken
DFGO
- 16 Jan 2005 21:16
- 181 of 249
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
gordon geko
- 17 Jan 2005 09:41
- 182 of 249
not sure where 1000p comes from care to explain your calculations i can see 200-300p but thats it hoping for some volume thats whats holding it back
DFGO
- 17 Jan 2005 21:36
- 183 of 249
gordon geko
go and read adv thread emerald energy looks intresting I only type with one
finger and i do not like paste other peoples post I have read the results checked the RNS!s and website and it all points to a massive increase EEN
is heading towards Half billion + company
gordon geko
- 03 Feb 2005 09:18
- 184 of 249
results due april and at least two drilling anoucements due before the speculation is could double to 350p
hlyeo98
- 06 Feb 2005 18:13
- 185 of 249
wow...if it doubles to 350p, i can eat caviar every night.
DFGO
- 07 Feb 2005 19:03
- 187 of 249
gordon geko
The well infro will be out by end of Feb.
The details of EGM ref placement 12mill shares ref GAZPROM will be posted end of FEB, And EEN wil have 143mill barrels of oil 25% share of 570mil plus barrel proven source in gazprom in siberia IF placement approved.
Results will be end March 2005 by march 2006 EEN will be 8 a share plus as always DYOR.
ps The 2 wells are already fitted with jet pumps and producing oil
DFGO
- 07 Feb 2005 21:16
- 188 of 249
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
DFGO
- 07 Feb 2005 21:18
- 189 of 249
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
E
DFGO
- 07 Feb 2005 21:21
- 190 of 249
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
DFGO
- 07 Feb 2005 21:28
- 191 of 249
CAMPO RICO ASSOCIATION CONTRACT - Campo Rico Field
503 sq km; 100% working interest. Contract awarded in May 2002. Exploration period of up to six years, exploitation period of up to 22 years.
The Campo Rico contract area is in the productive Llanos basin and is adjacent to the Rancho Hermoso-La Punta and Santiago-Entrerios producing oil fields.
The Campo Rico #1 exploration well was located near the crest of the Campo Rico structure (see the "Campo Rico Field Structure " map below) and was drilled to a depth of 11,795 feet. The well was declared an oil discovery in the Mirador sands in March 2004 and was completed for production.
A jet pump was installed in the well and a long-term production test commenced in May 2004. During these tests Campo Rico #1 has been produced at gradually increasing rates that have recently reached over 1800 barrels per day.
Two further production wells have now been completed in the field, both drilled directionally from the Campo Rico #1 well site.
Campo Rico #2 was spudded on 6th November 2004 and reached the Mirador reservoir (see "Play Schematic") in early December. The well was suspended as a production well and the Parker 222 rig was skidded to drill the #3 well, which reached its target in January 2005.
Both new wells have now been completed with jet pumps and will be tested and put on production in February 2005. The Parker 222 drilling rig is now moving about 11 km to the east to drill the exploration well Vigia#1, still within the Campo Rico block but on a separate structure very similar to the Campo Rico field (see Location Map belo
Company Website: http://www.emeraldenergy.com
DFGO
- 07 Feb 2005 21:42
- 192 of 249
Gordon Geko
I hope the above infromation will help I said before EEN will go to 5
by end Dec 2005 it will now possiblely pass that imo as always do your own research
I will say it again EEN grossly undervalued not ramp, all infromation in
public domain and on website sorry about link but right website address
gordon geko
- 09 Feb 2005 10:36
- 193 of 249
any thoughts on whether the news will come in feb as tempted to top up on t20
think big rise will follow the news
profitmaker
- 09 Feb 2005 10:58
- 194 of 249
I'm in with you, Gordon.
I think any news will be good news and they can't delay it forever. Will they have to release it before the company enters its closed period(results are due in April,I think)?
JP SALKELD
- 09 Feb 2005 14:33
- 195 of 249
Profitmaker,
Found this on another board as an answer to your question:
"The requirement is to announce by 30th April, so it will be during April"
Bought some EEN myself this a.m so new to this board. Excellent prospects in store!
All the best.