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.

It was the main feature in this months TMI tipsheet, with a buy at 139p..

Anyone here going to the AGM today?

Thanks.

RNS Number:8474M
Emerald Energy PLC
27 May 2005


Emerald Energy plc
AGM Statement

The Company provided the following update on operations at its Annual General
Meeting held today.

"We anticipate that the remainder of 2005 will see more positive news

*The workover of wells Campo Rico #2 and #3 to reduce the proportion of
water produced will be undertaken in June. Both wells are expected to be
operational in July adding some 2,000 barrels of oil per day to production.
*The final assembly of production facilities at Vigia is underway and
production from the discovery well Vigia #1 should also commence in July.
After the initial testing period this well is expected to produce at 1,000
barrels of oil per day.
*Well Vigia #2 is being drilled and is less than 1,000ft from reaching its
planned total depth. The drilling should be completed and the well logged
during June with first production anticipated in August.
*Sulfide #1, the first exploration well on the Fortuna block will be
drilled and evaluated before the end of 2005.
*Drilling of the exploration well on the El Algarrobo block will commence
by year end.
*Applications will be made to convert some of the acreage under the TEAs
into Exploration and Production Contracts.

In November 2004 we announced that Emerald had entered into an agreement to
acquire a 25% interest in the Russian Joint Stock Company Krasnoyarskgasprom, a
company with licences to explore and develop 3 oil and gas fields in East
Siberia. We remain committed to this transaction when the proposed capital
re-structuring of Krasnoyarskgasprom by OAO Gasprom is completed.

I would like to thank all the members of the Emerald team in Colombia and London
for their hard work and determination in achieving the results we see today."

Contact
Emerald Energy plc
Alastair Beardsall Tel 020 7925 2440

I like these almost as much as SEY, but I wish they'd resolve their Krasnoyarskgasprom JV which I feel is acting as a drag. Meanwhile, their Columbian operations look great.

Having just bounced off 135p support level up through 200dma and downward moving 25dma, it is now challenging 50dma. Hope it can hold above 200dma uuntil the shorter dma's have time to turn upwards again. Then it should motor - or not! We'll see, but it's fundamentally a good business selling into a still good oil price.

sd

More News!!!

Emerald Energy expects Campo Rico wells to be producing 2000 bpd by July
AFX


LONDON (AFX) - Emerald Energy PLC said it anticipates that the remainder of 2005 will see more positive news for the company, highlighting that both Campo Rico 2 and 3 wells are expected to be operational in July adding some 2,000 barrels of oil per day to production.

The workover of the wells to reduce the proportion of water produced will be undertaken in June.

In an AGM statement, Emerald also said that the final assembly of production facilities at Vigia is underway and production from the discovery well Vigia 1 should also commence in July. After the initial testing period it this well is expected to produce at 1,000 barrels of oil per day.

Well Vigia 2 is being drilled and is less than 1,000ft from reaching its planned total depth. The drilling should be completed and the well logged during June with first production anticipated in August.

Elsewhere, Sulfide 1, the first exploration well on the Fortuna block will be drilled and evaluated before the end of 2005, while drilling of the exploration well on the El Algarrobo block will commence by year end.

Commenting on its agreement to acquire a 25 pct interest in the Russian joint stock company Krasnoyarskgasprom, a company with licences to explore and develop 3 oil and gas fields in East Siberia, Emerald said it remains committed to this transaction when the proposed capital re-structuring of Krasnoyarskgasprom by OAO Gazprom is completed.

http://investing.reuters.co.uk/stocks/recommendations.aspx?symbol=een.l

sorry link not working here but it is on een advfn

Anyone know if there was any press coverage over the weekend?

Who is holding at the moment?

Cheers

July and August should see several significant announcements from EEN, which should be positive for its shareprice.


LONDON (AFX) - Emerald Energy PLC said it anticipates that the remainder of 2005 will see more positive news for the company, highlighting that both Campo Rico 2 and 3 wells are expected to be operational in July adding some 2,000 barrels of oil per day to production.

The workover of the wells to reduce the proportion of water produced will be undertaken in June.

In an AGM statement, Emerald also said that the final assembly of production facilities at Vigia is underway and production from the discovery well Vigia 1 should also commence in July. After the initial testing period it this well is expected to produce at 1,000 barrels of oil per day.

Well Vigia 2 is being drilled and is less than 1,000ft from reaching its planned total depth. The drilling should be completed and the well logged during June with first production anticipated in August.

Elsewhere, Sulfide 1, the first exploration well on the Fortuna block will be drilled and evaluated before the end of 2005, while drilling of the exploration well on the El Algarrobo block will commence by year end.

Commenting on its agreement to acquire a 25 pct interest in the Russian joint stock company Krasnoyarskgasprom, a company with licences to explore and develop 3 oil and gas fields in East Siberia, Emerald said it remains committed to this transaction when the proposed capital re-structuring of Krasnoyarskgasprom by OAO Gazprom is completed.