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emerald energy (EEN)     

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 - 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.

DFGO - 09 Feb 2005 16:43 - 196 of 249

News on Campo Rico#2#3 will be announce by end of Feb.
Before the EGM information sent to share holders Ref Siberian deal, This will be a all share only agreement no monies involved and tied in by both parties
for 2 years.
And with Emerald Energy needing formal shareholder approval on the deal by 31st March it is possible that thy will give a provisional figures for 2004 beforehand
IMHO and as always DYOR.


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 - 11 Feb 2005 16:47 - 197 of 249

nice 4.5p increase

gordon geko - 14 Feb 2005 12:38 - 198 of 249

somethings moving it again news must be aroubnd the corner tempted to go for big t25 ?

DFGO - 14 Feb 2005 16:11 - 199 of 249

20.01.2005
Emerald Looks To Diversify But Remains Committed To Colombia
Emerald Energy is making good progress with the development of its Campo Rico oilfield in the Llanos Basin of Colombia. The company is running casing and completions on the Campo Rico-2 and Campo Rico-3 wells, which should both be producing by the end of February adding to the 1,800 barrels per day currently pumping from Campo Rico-1.

Both wells, drilled directionally from the Campo Rico-1 well site, have encountered the oil-bearing Mirador sands and although Emerald is being coy on the fields expected output, come March the number could be close to 5,500 bpd. At present oil prices, those additional barrels will add up to a very healthy revenue stream for the London-listed oil company, which only discovered the Campo Rico oil deposit some ten months ago.

Its quite a turnaround from the dark days following the catastrophic blow-out at the Gigante-1a well in the Upper Magdalena Basin in 2001/2, then the companys sole source of production. The financial fall out from that accident has taken many years to clear but following the rescue rights issue and board clearout of August 2003 Emerald appears to be back on track. Gigante-1a has been rehabilitated and production stabilised at around 700 bpd. Finances are also more stable, aided by increased production, high oil prices and an August 2004 fundraising that garnered over 9 million.

Emerald is now keen to use that cash to make up for lost time and sink some wells. After completing the Campo Rico wells, the Parker Rig 222 will move to the Vigia prospect some 8 km to the east.

Its a step out prospect and a look-alike, although it looks bigger than Campo Rico, said chairman and chief executive Alastair Beardsall. Vigia-1 is expected to spud next month and should hit target depth by the beginning of April.

The company has also beefed up its exploration portfolio in the country, signing up for two technical evaluation areas in October and the following month agreeing a farm-in to the El Algarrobo Association Contract, which lies next to existing production.

Emerald will earn a 50 per cent stake in the contract area by funding the El Algarrobo-1 exploration well, which is expected to be drilled in the first quarter at a cost of US$3 million. The El Algarrobo prospect lies about 35 km northwest of Campo Rico and about 5 km northwest of the Rancho Hermoso oilfield, which produces light oil of 37 degrees API at individual well rates of up to 2,500 bpd.

Emerald is also looking to diversify and in November 2004 acquired a stake in an exploration venture in East Siberia. Beardsall stresses, however, that this Russian investment is in no way a reflection on its commitment to Colombia.

There is always a danger of being too focused in one place and so weve looked to diversify into other countries and from oil into gas, Beardsall told oilbarrel.com. Its about building a more balanced portfolio. We still very much want to grow in Colombia.

The company is looking at projects in two other countries, added the Emerald boss.The Russian investment involves an all paper deal with Star Capital Research to acquire a 25 per cent stake in JSC Krasnoyarskgazprom (KGP) in return for 12 million new ordinary shares of 10p each. KGP, the remainder of which is held by Russian gas giant Gazprom, holds rights to explore in the Sobin, Omorin and Beryambin licence areas in Eastern Siberia. The Sobin licence, where more than 50 wells have been drilled to date, is estimated under the Russian system of reserve classification to hold the equivalent of 575 million barrels of oil.

The Omorin licence area is currently being explored and, to date, four wells have encountered hydrocarbons. Beryambin is virtually unexplored.

Beardsall, while aware of the commercial risks attached to Russian investments, is confident that the company has the experience and relationships to avoid some of the high profile problems that have afflicted fellow British E&P players in the hydrocarbon-rich but notoriously difficult country.

Russia is a place where theres a lot of discovered reserves so instead of exploration risk, the risk lies in the project timing and access to pipelines, said Beardsall. Its a different type of risk. You have to be careful doing business in any country in the world and Russia is probably a little bit more difficult but its not as difficult as most people perceive. The board here has a total of 30-odd years of experience in Russia and several of us have longstanding relationships with very influential Russian players.

Despite this confidence, the company is taking a sensibly cautious approach and has been careful not to sign up for a cash deal in Russia. We are not parting with any money and the buyer is locked into our shares for two years, said Beardsall. This makes it in both our interests to make this transaction work.

For the short term, however, investors are likely to find Colombia a safer bet








profitmaker - 14 Feb 2005 16:22 - 200 of 249

Whisper it - a RNS this week and 2.50?

profitmaker - 16 Feb 2005 11:22 - 201 of 249

Up 10% today to 220p, plenty of volume. Still no update or RNS. Something about to break. Keep watching.

stockdog - 16 Feb 2005 11:43 - 202 of 249

With you all the way PM. Looking forward to results soon when we can see what they achieved last year which I'm hopeful will be a tad above expectations. Russian deal looks astute too.

SD

DFGO - 16 Feb 2005 14:26 - 203 of 249

Imo news will be released this Friday or Monday 21/2/05 followed by trading
update during week 21/2/05 prior to postig particulars of 12mil share placing
to acquire a 25 per cent stake in JSC Krasnoyarskgazprom (KGP) for shareholders
formal approval

this is all imho but as always DYOR

Regards
DFGO

profitmaker - 17 Feb 2005 09:40 - 204 of 249

Up another 6% this am. Anticipation of good news. Results in Apr, drilling news expected any day now. once news is out, this will rise by another 20%. Still not enough exposure from Analysts.

TheMaster - 19 Feb 2005 09:32 - 205 of 249

Drilling results due Monday sp to rise like never before, will be the new player in the oil mid-caps.

stockdog - 19 Feb 2005 11:08 - 206 of 249

You must be the Old Master - good with oils?

Sounds very interesting - makes sense to announce good news as they list the new shares to keep the SP level or (as you suggest) up.

Roll on Monday.

SD

gordon geko - 21 Feb 2005 11:06 - 207 of 249

wheres the news then I suspect it will be here before thursday as they dont issue news of fridays ....

nice rise today can see 250p by end of week
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