Just bought into this share, I think its cheap at the current price. I think in time this could be another BUR.

Anyone else holding this and what are other peoples opinions on it?

Thanks

It's very much a Colombian theme. CDS up 15% and CHP now turning positive, so they're all heading higher now.

its off again something has got to be in the air its the same old MM that held it back before and played games with a big spread

What price if Giante#1a after workover comes back anywhere near original production rate of 4300bopd

Drilling Report

RNS Number:4539V
Emerald Energy PLC
8 December 2000




Emerald Energy Plc

Increased production at Gigante#1A


Following the installation of an Electric Submersible Pump in the Gigante#1A
well in the Upper Magdalena Valley, Colombia, production has been
re-established at 4,300 barrels of oil per day with the pump still operating
significantly below capacity.


The well is continuing to clean up and the natural flow, without the pump, has
improved to 3,100 bopd which is comparable to the original flow rate when the
well was first drilled in November 1998.

8th December 2000

DFGO - too eliptical and too long ago for me. Remind me what is the current state of affairs on Gigante#1A and what the last announcement said.

sd

stockdog

They are replacing production tubing and fitting new pump.

Pumps have been replaced before but never the production tubing.


Emerald Energy PLC
12 January 2006


Emerald Energy Plc

FOR IMMEDIATE RELEASE 12 January 2006

Operations Update - Colombia


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


Campo Rico Block


The 172 sq km of 3D seismic acquired on the Campo Rico block is currently
undergoing enhanced processing. To date, it has been used to evaluate potential
drilling locations for both exploration and development wells and the first
exploration well, Centauro South No.1, will be drilled in the first quarter of
2006.


Campo Rico Field


The Campo Rico No.1, 2 and 3 wells are currently producing at an aggregate rate
of 3,170 bopd. Once the final interpretation of the 3D seismic is completed, the
option to drill Campo Rico No.4 for better drainage of the reservoir will be
evaluated. If necessary, the well will be drilled later in 2006.


Ecopetrol has advised the Company that it has granted commercial status to the
Campo Rico field and exercised its right to back-in for 50% of the discovery.
Under the terms of the Campo Rico Association Contract, Ecopetrol will now
receive 50% of the production after the deduction of 8% royalty oil and will
reimburse Emerald for 50% of the costs.


Vigia Field


The construction of early production facilities at the Vigia field is now
completed and the Vigia No.1 and No. 3 wells are currently producing 1,095 bopd.
The testing and production start-up of the Vigia No.2 well has been delayed due
to technical problems with the well. A workover rig will be contracted by the
end of this quarter to re-enter this well for remedial work.


Drilling the Vigia No.4 well is planned for the second quarter of 2006, with
Vigia No.5 to follow later in the year, should seismic interpretation and
reservoir modelling indicate the requirement for another well.


Emerald's in-house estimate for the Vigia field reserves, excluding the
potential of the Vigia No.2 drainage area, is 3 mmbbl for proven and probable
reserves and 6 mmbbl for proven, probable and possible reserves. It is
anticipated that, following the flow test results from the Vigia No.2 well and
completion of the enhanced processing of the 3D seismic data, the independent
reserve report for Vigia will be completed in time for the announcement of 2005
preliminary results.


Emerald has presented its application for commercial status of the Vigia
discovery to Ecopetrol and is currently awaiting its response.


El Algarrobo Block (Operated by Rancho Hermoso)


It is anticipated that drilling of the exploration well Agueda No.1 will
commence in February 2006.






Gigante Field


The Gigante No.1A well is currently being produced at a restricted rate of 500
bopd. After 5 years of operation and 2 million barrels of oil produced, the
production tubing requires replacement. A rig is being mobilised to the well
site and the workover is expected to commence within five days. During the
workover, a larger capacity pump (ESP) will be installed to evaluate the
feasibility of increasing production from the well.

.

een up 4.5p nice steady rise a lot of news due

copied this from a moneyam competitors bb

stevea171 - 24 Feb'06 - 12:50 - 9854 of 9872


Repeat of recent, 30/1/06, Emerald house broker (Evo) buy summary:

Evolution Lifts Emerald Energy Target Price

Evolution Securities near doubles Emerald Energy's (EEN.LN) target to 450p from 250p. Says reserve base could be transformed by news the Tigris prospect has probable reserves of 74M barrels of oil equivalent. "We conclude that the risk of success of the Tigris drilling is greatly improved by this study from 1 in 7 to 1 in 2," it says. "This is low risk." Maintains buy rating.

Here's a summary of the text from Evolutions Broker Report . . .

Syria major Palaeozoic potential

Ryder Scott has indicated that the Tigris prospect to be drilled in August
already has probable reserves of some 74m boe, with total potential of
722m boe. This low-risk well could transform EENs reserve base.

Analysis of drilling record and wireline logs of six previous wells in the Palaeozoic reservoirs in Block 26 in Syria indicate that three encountered potentially commercial hydrocarbons.

The largest of these is the Tigris prospect- located beneath the giant Souedieh field. Ryder Scott has prepared an independent study of the gross recoverable reserves using reprocessed wireline logs from a well drilled in 1994, and data from an existing 3D seismic survey. The well tested gas from the upper of nine potentially productive zones in the Palaeozoic. Ryder Scott has insufficient data to establish whether the total hydrocarbons in the structure are gas or oil and has produced two reserve cases:

Gas - 442 bcf probable reserve (73.6m boe) and a total probable, possible and prospective resource of up to 4,330bcf gas (722m boe equivalent).

Oil - 104m bbl and 64 bcf as possible and total possible and prospective resource of 563m boe equivalent.
In each case EEN would have 50% interest.

We conclude that the risk of success of the Tigris drilling is greatly improved by this study from 1 in 7 to 1 in 2. This is low risk. The Tigris structure is to be drilled in August 2006. A success would transform the EEN reserve base.

The risked value of the Tigris structure resource to EEN is 258p/share (65p probable reserves risked at 1 in 2 and 193p/share for possible and potential resource risked at 1 in 7). The unrisked potential of Tigris alone is over 1200p (!), and the block contains another 26 prospects, which we have not included in our NAV. Some of these shallower Cretaceous prospects will be drilled first (May 2006), due to rig availability.

Management are keen to focus on the potential of Syria, and this Ryder Scott study should certainly do that. We increase our price target to 450p from 250p to reflected the probable reserves and lowering of risk.

EEN gained 19.5p last week

DFGO;
Have held these for best part of 2 year's,it's been a frustrating at times.
Always flattering to decieve, but i now firmly believe that the news flow
in the coming months from Columbia along with Syria will make it all
worthwhile.
cyril

niceonecyril

I Have held since 1999

.

no body intrested in EMERALD ENERGY

I am :-)

Highly interested, DFGO, especially the wiggly line tracing northwards across the chart currently. EVO reckon 450p - that would be nice!

sd

My target is 7 and I think Syria has made the timeline shorter.

See you at the 5 party!

Me too.
cyril

Wish I could be there but I'll celebrate here

Please no! That reminds me of all the rampers talking about a 5 party for PRM when it was about 2, it's about 60p now. Having said that, EEN is a different class of investment in that it actually produces saleable product.

Steady as she goes and I'm sure EEN will get there but please, no talk of 5 parties. It puts a bad eye on things.