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

DFGO, another plus in my view is the Gigante 1 rework which as you know
has had teething problems(although increasing output from former levels). Once the generator issue has been sorted i
have a gut feeling we could see 1500bopd, nothing more than that. But
their will be an increase in output thats for sure, not worth time and effort
(not to mention costs)otherwise.
cyril

niceonecyril

I agree, it will be somewhere in that region it would be nice to see 2,000bopd
about half off original output.

Remember Ecopetrol reimburse costs, but only 50% now they have backed in for there 50%

A real breakout in progress, 329.78/335.93p. A week ago these
were trading in the region of 260p.
cyril

Must be due an updated report from Evolution soon. Anyone got access to them - I seemed to lose mine recently when they changed the registration rules. Need some new figures to sustain this current price from those currently showing as brokers forecasts.

http://personalfinance.iii.co.uk/articles/articledisplay.jsp?section=Share%20Tips&article_id=2920217

3 small cap picks - EEN

You would have to say that it has been a long and volatile progression higher for Emerald over the past couple of years. While it is usual to say that any stock or market near its highs seems to be an attractive proposition, in this case there are a couple of reasons for being optimistic regarding the upside. The first is that last month?s support is well-above December resistance, and the second is that even though we have relatively high share price levels, the RSI has just nudged over the overbought 70 level at 75. This means that one could go long at current levels with an end of day close stop loss below the 50 day moving average at 260p. Indeed, a strong momentum trade is now on after the end of day close above the 2006 descending price channel at 275p. Assume an eventual 2004 resistance line target of 475p

Emerald Energy PLC
26 April 2006


Emerald Energy Plc


FOR IMMEDIATE RELEASE 26 April 2006


Operations Update - Syria


Emerald Energy Plc ('Emerald' or the 'Company') would like to provide the
following update:


Drilling of the Souedieh North No.1 exploration well has commenced. This
vertical well will be drilled to an approximate total depth of 2,260 metres with
the primary objective being Cretaceous reservoirs similar to those producing in
the adjacent Souedieh and Karachok oil fields. The drilling and logging of this
well should be completed within the next 30 days.


Emerald holds a 50% working interest in the contract for exploration and
production for Block 26, Syria, through SNG Overseas Ltd, a 100% owned
subsidiary. The operator of Block 26 and holder of the remaining 50% is
Gulfsands Petroleum Plc.


Alastair Beardsall, Emerald's Chairman, said:

'Souedieh North No.1 is the first of several exploration wells planned to be
drilled before August 2007 and marks the start of an exciting Block 26
exploration drilling campaign.'



Enquiries: Helen Manning 020 7925 2440

Spuds Syrian Exploration Well

RNS Number:9756B
Gulfsands Petroleum PLC
26 April 2006

26 April 2006

Gulfsands Petroleum PLC

("Gulfsands" or "the Company")

Gulfsands Commences Drilling Souedieh North Well in Block 26, Syria

Gulfsands Petroleum PLC (symbol GPX), the AIM listed oil and gas exploration,
development and production company with activities in the USA, Syria and Iraq,
announced today that the Company has commenced drilling the Souedieh North well
within Block 26, Syria.

Gulfsands, the operator and 50% working interest owner in Block 26, has
commenced the drilling of the Souedieh North exploration well 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). The drilling and logging results for this well should be completed
within the next 30 days. The net cost to Gulfsands for drilling and evaluating
this well is approximately $800,000.

Gulfsands' CEO, John Dorrier, said:

"Souedieh North is the first well in our Block 26 exploration drilling campaign
and will test a low cost, high potential prospect in a reservoir that is
currently producing oil in adjacent fields. The Company utilized seismic
analysis from the adjacent Souedieh Field to identify the prospect and drilling
success here can be rapidly followed up in similar nearby prospects.
Furthermore, the Company has a large inventory of independent prospects
available for drilling during the coming months in its exploration and appraisal
work in Block 26, including the Tigris structure which is expected to commence
drilling this August."

Excellent break out, the last couple of days. We've now cleared all obstacles to attacking 2000's 500p level. If Souedieh North shows wet, we may get there sooner than we think. 30 days and counting . . .

sd

What a bargain The net cost to Gulfsands for drilling and evaluating the Souedieh North No.1 well is approximately $800,000.


Alastair Beardsall, Emerald's Chairman coments.

"Souedieh North No.1 is the first of several exploration wells planned to be
drilled before August 2007 and marks the start of an exciting Block 26
exploration drilling campaign."

..........................................................

Gulfsands' CEO, John Dorrier coments

'Souedieh North is the first well in our Block 26 exploration drilling campaign
and will test a low cost, high potential prospect in a reservoir that is
currently producing oil in adjacent fields. The Company utilized seismic
analysis from the adjacent Souedieh Field to identify the prospect and drilling
success here can be rapidly followed up in similar nearby prospects.
Furthermore, the Company has a large inventory of independent prospects
available for drilling during the coming months in its exploration and appraisal
work in Block 26, including the Tigris structure which is expected to commence
drilling this August.'

Third day in a row this share has been heading down,but i suppose it will bounce back.

Must be a knock on from Bolivia - concern over S.American resources being nationalised.

from website
http://www.emeraldenergy.com/OnP-CampRico_Vigia.htm
Centauro Sur Field

The Centauro Sur field lies to the southwest of Campo Rico field. The Centauro Sur #1 exploration well was drilled to a total depth of 11,265ft and is currently producing 250 bopd.


Edit why no RNS



Exploration

In the second half of 2005, Emerald completed the processing and interpretation of the 3D survey that covers some 172 sq km of the Campo Rico block. In addition to appraising the development potential of the existing fields, the survey was designed to identify new prospects in the block.

The Las Acacias prospect lies to the southwest of Vigia field. The Acacias #1 exploration well was spud in late April 2006 and is drilling ahead.

EEN begining to make up recent losses,a rumour that they have struck oil?
On the face of it, sounds a bit fanciful but source has a good track record.
Looking back at the RNS on 26th April, which stated Souedieh North No1
Exploration Well has commenced (when exactly?), total depth of 2260mtrs
should be drilled and "logged" "within 30 days" of when (start)?.
Now we don't know the exact date of spudding of well, substitute within 30 days for less than? take away logging time and ???
So perhaps not so faniciful after all, only time will tell.
cyril

The Acacias #1 exploration well was spud in late April 2006 and is drilling ahead.

Thanks DFGO.
Thats great news.
cyril

08/05/2006 16:35 UKREG Operations Update Colombia


RNS Number:6272C
Emerald Energy PLC
08 May 2006


Emerald Energy Plc - 8 May 2006


Operations Update - Colombia



Emerald Energy Plc ("Emerald" or the "Company") would like to provide the
following update:

Further to the information provided in 2005 Annual Report and Accounts with
regard to the drilling of the Centauro Sur prospect in the Campo Rico block, the
Centauro Sur No. 1 well has been completed for the test production and is
currently producing about 250 barrels of oil per day.


Enquiries: Helen Manning 020 7925 2440

Emerald Energy says Colombia's Centauro Sur No 1 well producing 250 bpd

LONDON (AFX) - Emerald Energy PLC said the No 1 well in the Centauro Sur
prospect in Colombia's Campo Rico block has now been completed for test
production and is currently producing about 250 barrels of oil per day.
newsdesk@afxnews.com
hjp

DFGO, i.ve got to hand it to you, spot on your previous post.
Now my previous post about the Syrian rumour,was all my own thoughts,have since looked around the various boards and other posters are thinking along the same lines.
Now do you have any ideas on the above?
cyril

niceonecyril
as you know I pick it up on the Emerald energy website @ 15.18 and posted on ADVFN and here before the RNS released hope you pick up a few before RNS came out


Rumours on advfn GPX thread oil have been found in Syria read philip444 posts
he has been right every time so far I have no reason to disbelieve him now

well spudded on or before 26/04/2006 07:01 UKREG Spuds Syrian Exploration Well
It took Emerald 14 days to drill Centauro Sur#1 to 7,416ft, so Philip444 in right time span he also said still driling so possibly it was 1 of the upper zone before getting to total depth.

DFGO,
Thanks for your reply, its how i see it. Unfortuately all funds tied up,
but i have my shares tucked away in an ISA so definately long term,looking for
10+.
Once again great spotting.
cyril

niceonecyril

31 prospects in syria EVO say tigris prospect worth 1200p with out Colombia, no
price given for 'Souedieh North prospect,Souedieh North prospect has the potential to contain in excess of 100 million barrels of recoverable oil (Gulfsands' internal estimate of potential).
With 31 prospect what price if 10 contain oil /gas a lot more than 10+, And Gigante output could increase to 1,500bopd with the new ESP pump.

I have a figure in mind but you might think i'm ramping.

I do believe it will be 6+ by end may Early June if not earlier
My opinion only but as always DYOR