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

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.

Be fair, Ferisc, it was you who mentioned 7!

stockdog/ferris/niceonecyril

This part of the EVO note interesting, the unrisked potential of Tigris alone is over 1200p

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.

The first well to be spud in Syria the Souedieh North on or about 1st of MAY 2006

The first prospect to be drilled is known as Souedieh North and is located in
the northeast region of Block 26. This vertical well will be drilled to an
approximate total depth of 7,216 feet with the primary objective being
Cretaceous aged reservoirs similar to those producing in the adjacent Souedieh
and Karachok oil fields. This prospect has the potential to contain in excess
of 100 million barrels of recoverable oil (Gulfsands' internal estimate of
potential). We expect that the spud date for this well will occur on or about
the first of May 2006.

but as always dyor.

It was also interesting to read Momentum Investor this month, where their lead was Gulfsands, They believe the Syria aspect (where they have the 50/50 partnership with EEN) has massive upside potential. I'm not quite sure why they dropped EEN in favour of Gulfsands, other than their interpretation of EEN's last statement and drop of production wasn't favourable. I think we're in for a good ride on this one now.

Greyhound

Momentum Investor tipped buy Emerald, just prior to gulfsands announcement they advised to sell Emerald, if i had bought I would not have been to happy with that advice so thats possibily why Emerald not mentioned

DFGO, absolutely! Funny how they don't now mention it, meanwhile their partner is the business.

Stockdog, I mentioned a price but not a hoodoo party ;-)

Ferrisc - fair enough. If it's a price and not a party it's bound to come true! My silly mistake.

LOL! Just had a cold shiver when I read 5 party that's all. I connect it with the dreamers and rampers on PRM on a competitor site and genuinely believe that EEN will get to, and above, my target in its own time. It's not a perfect company but in comparison to PRM it's as near as. Just need AB to put out a nice RNS every now and again but preferably after he has attended the ' how to write an honest RNS without making good news sound bad' course.

No offence intended.

Ferrisc.

EEN is certainly alot better than many dreamer's shares - good strong growing cashflow, now delveoped interesting geographical spread, good management who have recovered from a nasty episode 2 (?) years back when they had a fire in Colombia. Onwards and upwards.

sd

There is a completely new management team in place from that which had the Gigante blowout and they have been in position for 3 years now iirc.

quite here

Good Morning

Taken out a modest holding in Emerald recently, as I believe that this comapny could be as much as 2.00 under valued. Have concerns due to the managements past record, but think the risk reward basis is worth it currently. Wait with interest the next RNS as this will be an indicator of future prospects in my eyes.

Prospector

Management past record? Care to explain or are you a little short on your research?

Ferrisc - seems like you may be in a position to enlighten us - why not give it a go? Welcome, Prospector.

sd

Have a look at 212. 7 successful wells out of 7 since then is not a bad track record imo.

Drills, not wells.

Got first batch at 0.5p.,now going well,right on dfgo