http://emerald-energy-een.blogspot.com/


I decided to start this thread due to the lack of interest via the other thread?
Today EEN with its partner GPX released what can only be described as outstanding news, a 3rd appraisal well in a field couple of kms across flowed 3420bo on a small choke, unaided and they still have not found the limits of this field. Reserves will released in the next 3 weeks and could go as high as 100mbo(speculative).
The market has yet to digest this latest news and imo the SP is still in the bargain range?

http://www.emeraldenergy.com
http://www.investegate.co.uk/Article.aspx?id=200812220700095529K
http://www.investegate.co.uk/Article.aspx?id=200901260700092060M
http://www.emeraldenergy.com/documents/20090126EENInvestorPresentation.pdf/
http://www.investegate.co.uk/Article.aspx?id=200902110700131142N
http://www.emeraldenergy.com/documents/EEN2008Results.pdf
http://www.investegate.co.uk/Article.aspx?id=200905060700127309R
http://www.emeraldenergy.com/documents/EENInvestorPrentation/May2009.pdf

cyril

Turnright - 16 Sep'08 - 17:29 - 910 of 914


Minister of Mines says this is one of the most important finds ever in Colombia, and has over 100 MM barrels od reserves.....

http://www.portafolio.com.co/economia/finanzas/2008-09-16/ARTICULO-WEB-NOTA_INTERIOR_PORTA-4533084.html

the following translation by babelfish

Minminas confirmed oil well finding that would have reserves of crude heavy percent million barrels Published 16-09-08

The head of the portfolio, Hern Martinez, said that the well is located in the department of Meta. " He could be the found more important oil discovery in the country in last dada". According to minister Martinez, the well - that would have reserves of crude heavy by more than one hundred million barrels, he is being explored by the British company Emerald in the municipalities of Castile and Rubiales, in that department of the center of the Andean nation. " It is the excellent news for the country.

He is one of the discoveries greater than he has had in Colombia which inevitably will bring capital more extranjero" , he indicated Jorge Cazares, director of the National Hidrocarburos Agency (ANH).

According to minister to Caracol Radio informed, when finalizing the first trimester of 2009, the reserves certified of crude of Colombia will happen of 1,400 to 4,000 million barrels of crude, thanks to the new finding.

Colombia at the moment produces 600,000 barrels of petroleum to the day and guarantees its self-sufficiency until 2015. In 2008 Colombia it will offer to the oil companies that want to invest in the country contracts to operate in 150 exploratory blocks in all the territory, like part of a project that it tries to reactivate the sector of hydrocarbons.

The objective of the Colombian government is to get to produce in 2020 a million barrels to the day (mbd), practically the double of almost the 600,000 daily barrels that produces at the moment, after a reduction of the production from beginnings of the decade.

Bogota (Colombia).

http://www.portafolio.com.co/economia/finanzas/2008-09-16/ARTICULO-WEB-NOTA_INTERIOR_PORTA-4533084.html

Sp about to burst higher ?, with oil rocketing ?.

Just broken above the 4 barrier again,so lets hope so? Difficult market to read,
DGO down this am (over 40,000bopd) unless profit taking from recent rise?
As far as EEN is concerned surprising how little the Colombian Find ( posted by
DFGO) has effected the SP.
cyril

If we draw two lines (aprox.) across the rising trend.....we have the low now...perhaps the high at around 470p could be coming....perhaps is a big perhaps !.

Higher highs and lower lows
And liddle dozy divey
A kiddly d'oily too
Wouldn't you.

Thanks for the poem Stockdog !, nice steady rising graph.....at the moment in the middle of the trading range....!.

ANH prequalifies majors for Colombia round - Colombia
Published: Tuesday, September 9, 2008

Colombian state hydrocarbons agency ANH has prequalified a wide variety of oil majors, state oil companies and smaller companies to bid as operators on 43 blocks being offered in 2008's Colombia round, the agency said in a statement.

ANH will accept offers on November 7 and aims to sign contracts for the awarded blocks in November and December, which the agency had originally intended to do in October.

The Colombia round, launched in February, includes 43 blocks throughout Colombia with an average size of 180,000ha.

The prequalified operators for the round include the following: Turkish Petroleum; Lewis Energy; Hunt Oil of Colombia; India's ONGC Videsh; Spanish oil major Repsol YPF (NYSE: REP); Omimex Oil & Gas; France's Perenco; Hocol (Maurel & Prom); Colombian state oil company Ecopetrol; META Petroleum (Pacific Rubiales); Pacific Stratus Energy (Pacific Rubiales); Korea National Oil Corporation; Shell Exploration and Production; Tecpecol; CEPCOLSA, China's Sinopec International, Calgary's Petrominerales; Argentina's Pluspetrol; Japan's Teikoku Oil; Noble Energy; SK Energy; BHP Billiton; Brazil's Petrobras; Inepetrol; Glencore; Chevron Petroleum Company; Calgary's Talisman Energy; Chevron Texaco Overseas Petroleum Bahrai; Telpico; Emerald Energy; NCT-Suelopetrol; and Reliance Exploration and Production.

Companies authorized to participate in the round, but not as operators, include: Hupecol; Petropuli; and Columbus Energy.

Companies that did not receive prequalification to participate in the round include: China's CNPC; Sinochem; Petro Andina; C&C Energy; Canacol Energy; and Rancho Hermoso.

ANH had sold 40 data packages for the round as of late August.

http://www.bnamericas.com/news/oilandgas/ANH_prequalifies_majors_for_Colombia_round1

Emerald Energy Plc

30 September 2008

Khurbet East Field Update, Block 26, Syria




Emerald Energy Plc ('Emerald' or the 'Company') would like to provide the following update on activities in Block 26, Syria, following notification from the Operator.




Oil production from the Khurbet East field continues at levels of approximately 11,500 barrels per day and these levels are expected to continue until the end of 2008.




As a result of the early field performance, work is now underway to expand the capacity of the processing facilities to 18,000 barrels per day as an interim expansion prior to the full field development of the Khurbet East Field. This interim expansion of capacity is expected to be implemented by the end of 2008.




Emeralds' Chief Executive Officer, Angus MacAskill, said:




'We are very pleased with the early performance of the Khurbet East field which has exceeded expectations, and look forward to the results of the interim expansion of the facilities processing prior to full field development.'







Enquiries: Lisa Hibberd 020 7925 2440

Just another great piece of news from EEN, it does seem to be gathering strengh
as a company. Looking back at recent news i feel we could get a couple of drilling
results in the next 4-6 weeks, Vigra 7(Sept2nd) is a production well so no need to inform us,usual 50/60 days and of course we have further Syrian well being drilled
which could be as early as late Oct?
cyril

niceonecyril

from 30/9/08 PDF
further 3 wells by end 2008


2008 H2
Drill Yousefieh-1 exploration well

Drill 1-2 KHE step out wells to N & S

http://www.gulfsands.net/i/pdf/GPX_interim_results_2008-09-30.pdf

niceonecyril

Can you put the PDF in Header please

Syria : Khurbet East
slide 7
Currently
11,500 bopd 25.7 API oil from 5 wells Water-free production allows
throughput nominal nameplate capacity
Stabilised oil trucked 33 km to SPC facilities

H2 2008
Expand EPF to 18,000 bpd, costs on similar basis to existing EPF
Drill Yousefieh-1 exploration well
Drill 1-2 KHE step out wells to N & S

slide 5
Production
Syria: Flat at current rates (5,750 bopd WI) to year end (EPF expansion effective 2009)
The 5,750bopd GPX share of the 11,500bopd.

The graph on slide7 show production around 12,000bopd

http://www.gulfsands.net/i/pdf/GPX_interim_results_2008-09-30.pdf

DFGO; I dont know why, but it fails to come up and redirects to the home page?
And this seems to be the case in all other GPX news releases.
cyril

cyril

The link works

http://www.gulfsands.net/i/pdf/GPX_interim_results_2008-09-30.pdf

cyril

I hope these work



http://www.gulfsands.net/i/pdf/GPX_CorpPres_2008-08-21.pdf

http://www.gulfsands.net/i/pdf/Presentation-20070518.pdf

cyril

the links in 235 and 237 are working


Feb and June don't

Emerald Energy is clearly too expensive at 380p in this market.

EEN is a SELL.

You shorting these as well as DGO?

DFGO managed to get the update to work.
cyril

DFGO managed to get the update to work.
cyril