this doubles reserves with campo rico to be decided price on the move but not officially confirmed but cannot get any more cast iron view than from the state
owned company can see een really motoring shortly


News from Fridays Rigzone.com:-

http://www.rigzone.com/news/article.asp?a_id=24443

Ecopetrol, Partners Drill 16 Wells Year-to-Date

Colombia's state oil company Ecopetrol and partner companies have drilled a total 16 exploration wells so far this year, of which seven have found oil, the SNE government news service quoted Ecopetrol exploration VP Pedro Restrepo as saying.

Ecopetrol alone drilled nine of the 16 wells and it is close to completing an additional three wells, Restrepo said.

The seven successful wells have added 68 million barrels (Mb) of possible crude reserves, Restrepo added. Ecopetrol estimates there to be approximately 34Mb in the Cagui field in the Medio Magdalena Valley and 15Mb at the Vig field in the Llanos Basin. Related Pictures

Vig is operated by UK oil company Emerald Energy.

Ecopetrol and its partners plan to drill a total 25 exploration wells this year, which could rise to 40 including wells to be drilled under contracts recently signed by the country's hydrocarbons regulator ANH.

Twenty-one exploration wells were drilled in 2004, of which private companies drilled 20 and Ecopetrol drilled only one, the company said in its 2004 annual report. Twenty-eight exploration wells were drilled in 2003.

Colombia's government has been working on security issues to generate a more stable investment climate in the hydrocarbons sector as well as drumming up interest in the country's large unexplored territory.

As a result the government now forecasts the country will remain self-sufficient in oil until 2011 compared to the previous estimate of 2009.

CATEGORY: SMALL CAPS NEWS SECTOR: OIL & GAS
Emerald encouraged by Fortuna well
Tue 25 Oct 2005

EEN - Emerald Energy

Latest Prices
Name Price %
Emerald Energy 181.00p +3.72%

FTSE Fledgling 3,398 0.00%
Oil & Gas 7,025 -0.70%

LONDON (SHARECAST) - Buyers piled into Emerald Energy today after the oil explorer said results from drilling at its first well on the Fortuna block in Colombia are very encouraging.

The preliminary indication from the well logs for this 1st well drilled by Emerald on the Fortuna Block is very encouraging, said chairman Alastair Beardsall.

We are now preparing to test this well and if it demonstrates viable oil production we shall bring the rig back to drill appraisal and development wells.

The company said it is currently producing 4,300 barrels of oil per day from the fields that it operates.

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=560539

Emerald Energy

Production June 2004 700bopd, now producing 4,800bopd and a 100% strike rate seven wells from seven drilled since beginning 2004

Emerald Energy PLC
08 November 2005


Emerald Energy Plc

Operations Update

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

Emeralds first exploration well on the Fortuna block, Silfide #1, has been
drilled to a total depth of 5,114ft and 12ft of net pay identified in the Umir
formation using wireline logs. The well has been cased and a production test has
recovered 38 barrels of 16.2 API gravity oil during swabbing operations, an
artificial lifting technique. The test string has been replaced with a
completion string and the rig is being released. The Company is now evaluating
various artificial lift methods to determine the best one for the well.

The planned expansion of production facilites at Vigia field is progressing and
sufficient capacity is now available to produce both Vigia #1 and #3. Vigia #2
will be tested and put on production when gathering and separation capacity is
available. The Company is now producing oil from 6 wells at a combined rate of
4,800 bopd.

Alastair Beardsall, Emerald's Chairman, said: 'The recovery of oil from Silfide
is encouraging, we are now evaluating the use of artificial lift to develop the
Silfide field.'


Enquiries: Helen Manning 020 7925 2440

Why don't we just agree to use one thread - it's not exactly overburdened with new or informative posts - I'm sick of reading the same post on all three threads.

I nominate the one simply called Emerald Energy- not this one.

sd