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

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

Nice bounch today when I checked this morning they where slightly off Friday's closed but pleased to see a healthy gain come the close of business.

Giante#1A now producing in excess 800bopd,Giante bopd will increase considerably
over the 6 to 8 months

Aqueda1 has reached total depth of 9,980 ft. The well has been logged and the rig is preparing to run and cement the final casing string. The well will then be perforated and flow tested.

The November 04 El Algarrobo Farm-In RNS
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.


Centauro Sur No.1 spudded
Pride Rig No 14 commenced drilling the Centauro Sur No.1 exploration well on 14 March 2006.

Vigia#2 The remedial work on Vigia#2 is now complete and the well is producing 200

Emerald output from 1/1/06 to 16/1/06 4,362bopd + Giante#1 800bopd + V#2 =
5,362bopd.

16 March 2006


Emerald Energy Plc

FOR IMMEDIATE RELEASE 16 March 2006

Operations Update - Colombia

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

Reserves

The interpretation of 3D seismic data acquired in 2005 is now complete; the
Vigia structure is now mapped as two separate accumulations and the 3 wells
drilled on Vigia have all penetrated the northern high, the Vigia field. RPS
Energy, an independent consultancy specialising in petroleum reservoir
evaluation, has completed a reserves and resources evaluation for the Vigia
structures and reports that as at 1 January 2006, the Vigia field contained
Proved plus Probable reserves of 2.4 million barrels of oil. According to RPS
Energy, Proved plus Probable plus Possible reserves of the Vigia field are 4.9
million barrels of oil. In addition, RPS Energy reports the as yet un-drilled
southern structure may contain prospective resources of up to 4.6 million
barrels of oil.

As at 1 January 2006, the combined Proved plus Probable reserves of the Gigante,
Campo Rico and Vigia fields were 14.5 million barrels of oil (as derived from
RPS Energy's 2005 reserves report for Gigante and Campo Rico and 2006 reserves
report for Vigia, and adjusted for 2006 production). On the same basis, the
combined Proved plus Probable plus Possible reserves of these three fields were
30.3 million barrels of oil.

Exploration

Centauro Sur prospect:

The Centauro Sur prospect is located to the south of the Campo Rico field. Pride
Rig No 14 commenced drilling the Centauro Sur No.1 exploration well on 14 March
2006.

El Algarrobo block (operated by Rancho Hermoso):

The exploration well Agueda No.1, drilled by Saxon Rig No 223, has reached a
total depth of 9,980 ft. The well has been logged and the rig is preparing to
run and cement the final casing string. The well will then be perforated and
flow tested.

Production

The workover of the Gigante No.1A well to replace the tubing and install an
electrical submersible pump (ESP) is now complete. The well is currently
producing in excess of 800 bopd. The lifting rate of the ESP is being increased
gradually to optimise the production rate.

The remedial work on Vigia No.2 is now complete and the well is producing 200
barrel of oil per day (bopd) from the Une formation.

In the period from 1 January 2006 to date, daily gross production averaged 4,362
bopd. Temporary flattening of production growth has been caused by reduced
production at the Gigante field in the run-up to the workover and by failures of
surface hydraulic pumps operated in the Campo Rico and Vigia fields. Gigante
No.1A is now back on production and new, larger, surface hydraulic pumps have
been purchased for the Campo Rico and Vigia fields.

Alastair Beardsall, Emerald's Chairman, said:
'We are confident that focussed efforts in 2006 will contribute to maintaining
growth in our Colombian operations.'

Enquiries: Helen Manning 020 7925 2440

EEN have excellent oil prodn. at5360 bopd at current rate,this s.p.should be higher,look at other oil cos.who are not near drilling ,never mind oil prdn.,right on dfgo.

Looks like this is about to hit lower resisistance, any comments welcome as I'm thinking of buying, cheers Rob