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

New article and analysis, click HERE

More amazing news,
Emerald Energy Plc




24 February 2009




Operations Update - Syria, Block 26




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




Yousefieh No.2 Appraisal Well Result




Drilling and evaluation operations have been completed at the Yousefieh No.2 appraisal well, located approximately 1.8 kilometres east of the Yousefieh No.1 discovery.




The Yousefieh No.2 well, drilled to a total depth of 2,070 metres, targeted the same Cretaceous reservoir as encountered in Yousefieh No.1 but close to the interpreted eastern limit of this stratigraphic accumulation where a significantly thinner reservoir section was expected.




Based on wireline logging and cores recovered while drilling, the well encountered approximately 16 metres of net potential hydrocarbon pay with an average porosity of approximately 16%. An open-hole production test of the reservoir interval recovered quantities of oil and water but did not establish continuous production at surface. A liner will be run in the well and the reservoir interval may be re-tested at a later date using a workover rig.


As expected in the pre-drill estimation, the Yousefieh No.2 well encountered the reservoir with less thickness and lower reservoir quality than seen in Yousefieh No.1. This variation is consistent with a stratigraphic carbonate accumulation such as the Yousefieh discovery. The data acquired in this well will be used to refine the understanding of these lateral variations in the geological and reservoir modelling of the accumulation and to assist in development planning.




The Yousefieh discovery is located close to existing infrastructure, with the Yousefieh No.1 surface location approximately 3 kilometres from the production facilities in the Khurbet East field.




Yousefieh No.1 Flow Test




A cased-hole flow test has been conducted in the Yousefieh No.1 discovery well. The whole 63 metre net oil pay interval was open to flow as an ineffective cement bond behind the casing provided poor vertical isolation over the interval. The well flowed, under natural flow and through a 48/64 inch choke, at an average rate of approximately 1,460 barrels of oil per day over a 4 hour period with a water cut of up 5%, and approximately 570 barrels of oil per day through a 32/64 inch choke over a 12 hour period. These results compare favourably with the open-hole test run previously over the top 19 metres of reservoir which recorded an oil rate of approximately 900 barrels per day through a 48/64 inch choke.




Remedial cementation of the production liner is planned to isolate the water producing zone prior to commencement of production from the well.




Khurbet East No.8 Delineation Well




The drilling rig, following demobilisation from the Yousefieh No.2 well location, is moving to drill a delineation well in the southern part of the Khurbet East field.




The Khurbet East No.8 well, located 2.3 kilometres to the south of the Khurbet East No.3 production well, is positioned to investigate reservoir properties and determine the oil-water contact in this area and may have the potential to be used as a water disposal well in the future. Drilling and evaluation of the Khurbet East No.8 well is expected to take approximately 45 days. The results of this well are planned to be included in the independent reserves evaluation currently being conducted and expected to be completed in the second quarter of 2009.




Khurbet East Field Production




The Khurbet East field is producing at an average oil rate of approximately 10,500 barrels per day from 5 wells (2 vertical and 3 horizontal producers) with cumulative oil production from the field in excess of 2 million barrels. Only trace water has been produced to date and the field oil production rate has been reduced from previously reported levels as part of a reservoir management strategy to extend this period of water-free production.




The previously announced project to expand the processing capacity of the early production facility to 18,000 barrels per day is underway and is now expected to be completed by the end of the first half of 2009. Three additional production wells are planned to be drilled, following Khurbet East No.8, to deliver additional production for the expanded facilities capacity without requiring increased production from existing wells.




3D Seismic Data Acquisition




Acquisition of the 640 square kilometre 3D seismic survey, around the existing Khurbet East and Naour West 3D seismic surveys, is proceeding well with approximately 30% of the survey completed to date. The survey is intended to assist in the further exploration of the new exploration play demonstrated by the Yousefieh discovery.






Emerald's Chief Executive Officer, Angus MacAskill, said:


We are pleased with the continued progress in Block 26, including the continued excellent production performance in the Khurbet East field. The advances in the appraisal of the Yousefieh discovery will assist in determining whether additional capacity may be required in the Khurbet East full field facilities to allow for an incremental development of Yousefieh through this facility.'

cyril

Just gone long cyril.

Pro TA Tipster Zak Mir as just given out this analysis..

Zak Mir

Reged: 28/06/07
Posts: 661
Re: Emerald Energy (EEN).
#440308 - 25/02/09 08:45 AM Edit Reply Quote



This month's golden cross between the 50 / 200 day moving averages suggests that while above the 50 day moving average at 386p the upside here could be an October resistance line projection at 465p

GF this is a very good company which has just joined the FTSE250,plenty of cash in the coffers and some great assets, with a couple of realy exciting projects inColunbia as well as Syria which seems to be the major factor in the present SP?
cyril

Chart looks very strong aswell cyril.

Broker Note from late yesterday..

Emerald Energy PLC

FORECASTS
2008 2009
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Evolution Securities Ltd
24-02-09 BUY 36.30 41.89 10.04 12.62

2008 2009
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 36.30 41.89 10.04 12.62
1 Month Change 3.06 3.53 0.85 1.06
3 Month Change 10.86 12.53 -27.71 -34.94


GROWTH
2007 (A) 2008 (E) 2009 (E)

Norm. EPS 18.13% 207.34% -69.86%
DPS % % %

INVESTMENT RATIOS
2007 (A) 2008 (E) 2009 (E)

EBITDA 9.10m 41.60m 25.11m

EBIT 9.05m m m

Dividend Yield % % %

Dividend Cover x x x

PER 30.04x 9.78x 32.44x

PEG 1.66f 0.05f -0.46f

Net Asset Value PS 65.52p 184.71p 207.45p

RNS Number : 2878O
Emerald Energy PLC
04 March 2009



Emerald Energy Plc




4 March 2009




Operations Update - Syria, Block 26




Emerald Energy Plc ('Emerald' or the 'Company') would like to advise that Gulfsands Petroleum Plc ('Gulfsands'), the Operator in Block 26, Syria, will today host an analyst presentation which will include technical aspects of the Block 26 asset. A copy of their presentation will be available on the Gulfsands website (www.gulfsands.com). The presentation will contain the following new information which has not previously been announced.




Khurbet East No.8 Well Spud




Drilling operations have commenced on the Khurbet East No.8 delineation well in the Khurbet East Field. The well is designed to provide geologic information on the southern limits of the Khurbet East Field, establish the oil-water contact and to have the potential to be used as a water disposal well in the future. The Khurbet East No.8 well is expected to take approximately 45 days to drill and evaluate.




Yousefieh Preliminary Volumetrics




Based on a preliminary evaluation of the data acquired in the Yousefieh No.1 discovery well and the Yousefieh No.2 appraisal well, Gulfsands estimates the range of oil initially in place, on a gross basis at stock tank conditions, to be 27.2 (P90), 48.5 (P50) and 73.9 (P10) million barrels. Further work is required to determine the expected range of recovery factors and, hence, recoverable reserves.




The Operator plans to submit a commerciality application for the Yousefieh discovery and, in the third quarter of 2009, to drill a second appraisal well.




Khurbet East Field Production and Development




Gross oil production from the Khurbet East field averaged 8,470 barrels per day during the 163 day period between commencement of production and the end of 2008 (unaudited). The average sale price during this period was US$ 61 per barrel (unaudited).




During 2009, Gulfsands expects gross oil production to average between 12,500 and 13,000 barrels per day with a rate at the end of the year of approximately 16,000 barrels per day. Gross development capital expenditure is expected to be US$ 37 million, consisting of 4 development wells (Khurbet East Nos. 8, 9, 10 and 11 at a total cost of US$ 14 million), full field development facilities for Khurbet East (US$ 20 million) and miscellaneous items (US$ 3.5 million). The total cost of the full field development facilities for Khurbet East, to be incurred in 2009 and 2010, is estimated to be in the range of US$ 45 to 50 million. The Operator estimates that the Khurbet East field may be fully developed with a total of 15 production wells, including the existing 5 wells currently on production and 3 production wells expected to be drilled in 2009.




Exploration Activities




Gulfsands expects gross exploration and appraisal capital expenditure in 2009 to be approximately US$ 22 million, consisting of 3 wells (Yousefieh No.2, Yousefieh No.3, and one further exploration well at a total cost of US$ 12 million) and the 3D seismic survey currently being acquired (US$ 10 million).




The area of the 3D seismic survey has been increased to approximately 850 square kilometres to tie into existing 3D seismic surveys in the area and to assist in better understanding the new exploration play demonstrated by the Yousefieh discovery.

6 March 2009


Drilling Operations Commence in the Jacaranda Block, Colombia


Emerald Energy Plc ("Emerald" or the "Company") is pleased to provide the
following update on operations in Colombia.


Drilling operations have commenced on the Jacinto No.1 exploration well in the
Jacaranda block in the Llanos basin in Colombia. Emerald has a 100% working
interest in the Jacaranda contract, awarded by the National Hydrocarbon Agency
of Colombia ("ANH").


The Jacinto No.1 well is designed to evaluate the potential of a stratigraphic
exploration target in the Tertiary aged Carbonera formation. The Company
estimates that the Jacinto prospect, if successful, may contain unrisked
prospective resources of approximately 10 million barrels.


The Jacinto No.1 well is expected to have a total drilling depth of
approximately 6,400 feet and take approximately five weeks to drill and
evaluate.


Emerald's Chief Executive Officer, Angus MacAskill, said:


"We are very pleased to have started our first exploration well in 2009 and look
forward to the results of drilling on this low cost and potentially high impact
prospect."

cyril

6 March 2009


Drilling Operations Commence in the Jacaranda Block, Colombia


Emerald Energy Plc ("Emerald" or the "Company") is pleased to provide the
following update on operations in Colombia.


Drilling operations have commenced on the Jacinto No.1 exploration well in the
Jacaranda block in the Llanos basin in Colombia. Emerald has a 100% working
interest in the Jacaranda contract, awarded by the National Hydrocarbon Agency
of Colombia ("ANH").


The Jacinto No.1 well is designed to evaluate the potential of a stratigraphic
exploration target in the Tertiary aged Carbonera formation. The Company
estimates that the Jacinto prospect, if successful, may contain unrisked
prospective resources of approximately 10 million barrels.


The Jacinto No.1 well is expected to have a total drilling depth of
approximately 6,400 feet and take approximately five weeks to drill and
evaluate.


Emerald's Chief Executive Officer, Angus MacAskill, said:


"We are very pleased to have started our first exploration well in 2009 and look
forward to the results of drilling on this low cost and potentially high impact
prospect."

cyril

Emerald profits soar
MoneyAM
Emerald Energy posted EBITDA of $66m for 2008, up from $28m, with profit after tax of $36m.

The company had cash and cash equivalents of $74m at 31st December 2008 (2007: $40m).

The Directors do not recommend payment of an ordinary dividend.

emerald said the completion of the Gigante No.2 development well in Colombia and the expansion of the Khurbet East field facilities in Syria are expected to lead to a material increase in production before the end of 2009.

Appraisal activities in the Yousefieh field in Syria and the Capella field in Colombia may lead to further increases in production prior to the end of 2009.

Emerald said its business plan for 2009 was supported by strong balance sheet and cash flow generation from producing assets in Colombia and Syria.

Alastair Beardsall, Executive Chairman, said: 'The volatility of the oil price seen in 2008 has now moderated but we now face the uncertainty of the impact from the slowing global economy. These events, whilst unsettling for many in the short term, will not affect our short term plans or longer term aspirations.

HIGHLIGHTS OPERATIONS
Commencement of production from the Khurbet East field in Block 26, Syria, on 21 July 2008 with gross production of 1.414 mmbbl of oil (0.417 mmbbl Emerald net entitlement) by the end of 2008;

Discovery of the Yousefieh field in Block 26, Syria;

Discovery of the Capella field in the Ombu block in Colombia, with gross Proved plus Probable reserves of 14.835 mmbbl of oil (12.550 mmbbl Emerald net entitlement) and gross best estimate contingent resources of 42.165 mmbbl of oil (35.672 Emerald net entitlement);

Proved plus Probable working interest reserve addition of 15.004 mmbbl (before deduction of 1.613 mmbbl production);

Working interest production of 4,407 bopd (2007: 2,274 bopd) with Emerald net entitlement of 3,385 bopd (2007: 2,038 bopd).

FINANCIAL

EBITDA of $66 million (2007: $28 million);

Profit after tax of $36 million (2007: $7 million);

Cash and cash equivalents of $74 million as at 31 December 2008 (2007: $40 million).

OUTLOOK

Completion of the Gigante No.2 development well in Colombia and the expansion of the Khurbet East field facilities in Syria expected to lead to a material increase in production before the end of 2009;

Appraisal activities in the Yousefieh field in Syria and the Capella field in Colombia may lead to further increases in production prior to the end of 2009;

Exploration drilling in Block 26, Syria, and in the Gigante No.2 well and two ANH licenses in Colombia, may provide material reserve upside;

Business plan for 2009 supported by strong balance sheet and cash flow generation from producing assets in Colombia and Syria.

Ombu Exploration & Production Contract




Emerald 90% operated working interest (no third party back-in rights);

Contract awarded by the ANH in December 2006 with an exploration period of up to 6 years and exploitation period of up to 24 years for each discovered field;

Third exploration phase with a commitment to drill one well ends in November 2009;

Area of 300 sq km.




The Ombu block lies in the Caguan Putumayo basin to the southwest of the Llanos Basin. Emerald was awarded the contract with 100% working interest and operatorship. Prior to drilling the first exploration well, the Company entered into a farmout agreement under which Canacol Energy Inc. earned a 10% working interest, subject to the approval of the ANH, by paying 100% of the cost of the drilling and production testing of the Capella No.1 well.




The Capella No.1 exploration well was drilled to a total depth of 3,802 feet, discovered oil of approximately 10 API gravity in two intervals in the target Eocene aged Mirador formation, and was flow tested at a combined oil rate of 240 bopd. The lower interval tested at a stabilised rate of approximately 155 bopd with a water cut of approximately 15% over a 6 day period. The upper interval tested at a stabilised rate of approximately 85 bopd with only traces of water over a 4 day period.




The Capella No.2 well, located approximately 1.3 km southwest of Capella No.1, was drilled to a total depth of 3,550 feet, also encountered oil in two intervals in the Mirador reservoir, and was flow tested at a combined oil rate of 345 bopd. The lower interval was flow tested at stabilised rate of approximately 145 bopd with a water cut of approximately 4%. The upper interval flow tested at a stabilised rate of approximately 200 bopd with a water cut of approximately 10% over a period of 2 days.




Capella No.3, the first deviated well drilled in the block, was drilled from a surface location adjacent to the Capella No.1 and penetrated the reservoir approximately 340 metres away. The lower Mirador reservoir was flow tested at a rate of approximately 135 bopd with a water cut of approximately 8%. The upper Mirador reservoir was encountered with similar thickness and petrophysical properties as in the previous wells but was not flow tested.




The Capella No.4 vertical well was drilled approximately 1.6 kilometres to the southwest of the Capella No.1 location and both of the Mirador reservoir intervals were encountered with the upper interval in this well being thinner than in previous wells. However, poor cementing within the well bore, resulted in neither of the Mirador intervals being effectively flow tested.




The Capella No.5 well, located some 3.4 kilometres to the northeast of Capella No.1, also encountered both Mirador reservoirs. The lower Mirador reservoir was flow tested at an average rate of approximately 82 bopd with a water cut of approximately 52% and the upper Mirador reservoir was flow tested at an average rate of approximately 26 bopd with a water cut of approximately 4%.




The intervals flow tested to date in the first five wells drilled have flowed heavy oil in the range of approximately 9 to 11 API gravity. The Company plans to drill up to a further two wells in 2009 and to complete extended production testing of all the wells as part of the appraisal of the southern part of the Capella structure. Extended production testing of Capella wells commenced in February 2009 with an average daily production rate of approximately 400 bopd, comprising of contributions from the Capella No.1 and Capella No.2 wells, and with the water cut for the field steadily reducing to a level of approximately 6%.




Following the environmental permitting of the northern half of the structure, the Company plans further delineation drilling. If Emerald elects to enter the fourth exploration phase, the minimum work programme will include the drilling of one exploration well by November 2010.




An independent resource and reserve evaluation of the Capella structure was conducted by Netherland, Sewell & Associates, Inc ('NSAI') using SPE guidelines. In evaluating the oil in place, NSAI considered two cases; the low (P90) case considered the area of approximately 3,500 acres investigated by the first five wells drilled, and the high (P10) case considered the area of the full structure of approximately 22,000 acres. For these cases, NSAI estimated gross stock tank oil initially in place to be 245 and 1,111 million barrels respectively. NSAI estimated the gross recoverable resource, consisting of reserves plus contingent resources, to be 26.5 million barrels in the low (P90) case and 122.5 million barrels in the high (P10) case. NSAI used a lognormal distribution, commonly used in geological estimation, in determining the P50 gross resource estimate to be 57 million barrels.




For determining the proportion of the above mentioned resources to be classified as reserves, NSAI considered only potential drilling locations up to three well spacings away from the existing five wells, equivalent to a developed area of up to approximately 4,000 acres. The resultant gross reserves distribution is estimated to be 7.3 (Proved), 14.8 (Proved plus Probable), and 23.0 (Proved plus Probable plus Possible) million barrels.


By subtraction of the reserves from recoverable resources NSAI estimates the gross contingent resource of the Capella structure to be 19.2 (low estimate), 42.2 (best estimate), and 99.5 (high estimate) million barrels.

Nothing new that I can see, still no dividend....but good steady progress !.

An independent resource and reserve evaluation of the Capella structure was conducted by Netherland, Sewell & Associates, Inc ('NSAI') using SPE guidelines. In evaluating the oil in place, NSAI considered two cases; the low (P90) case considered the area of approximately 3,500 acres investigated by the first five wells drilled, and the high (P10) case considered the area of the full structure of approximately 22,000 acres. For these cases, NSAI estimated gross stock tank oil initially in place to be 245 and 1,111 million barrels respectively. NSAI estimated the gross recoverable resource, consisting of reserves plus contingent resources, to be 26.5 million barrels in the low (P90) case and 122.5 million barrels in the high (P10) case. NSAI used a lognormal distribution, commonly used in geological estimation, in determining the P50 gross resource estimate to be 57 million barrels.

UPDATE 1-Emerald Energy posts six-fold rise in '08 profit

Market News
Fear still in focus after strong rally
Equities up for 5th session in row on econ hope
Oil drops over 3 percent after OPEC keeps output steady
More Business & Investing News... * Full-year revenue $86 mln vs $44.4 mln year-ago
http://www.reuters.com/article/rbssEnergyNews/idUSBNG46574920090316
* Says strong balance sheet supports 2009 business plan (Adds details)

March 16 (Reuters) - Oil and gas explorer Emerald Energy Plc (EMEN.L) reported a six-fold jump in full-year profit as revenue nearly doubled, and said it expected material increase in production in Colombia and Syria before the end of 2009.

Business plan for 2009 is supported by strong balance sheet and cash flow generation from producing assets in those countries, the South America and Middle East-focused company said on Monday.

"The volatility of the oil price seen in 2008 has now moderated but we now face the uncertainty of the impact from the slowing global economy," Emerald said.

However, these events, whilst unsettling for many in the short term, will not affect its short-term or longer-term plans, it added.

For the year ended Dec. 31, 2008, Emerald posted a pretax profit of $52.45 million, compared with $8.58 million a year ago, as revenue nearly doubled to $86 million.

The company said it had cash and cash equivalents of $74 million as at Dec. 31, versus $40 million in 2007.

Emerald Energy shares closed at 397 pence on Friday. (Reporting by Balachander Surianarayanan in Bangalore; Editing by Gopakumar Warrier)

required field

lot of new stuff here the 22,000acres would require 360 to 370 wells

slide22

Colombia : Capella Discovery (Ombu Block)

Highly material discovery
Structure ~22,000 acre (89 km2)
Hydrocarbon in two Mirador zones
Shallow reservoir < 4,000 ft
Heavy oil 9 - 11 APIo Low viscosity and high sulphur (~2.5%)

Large area of structure to appraise
Current environmental permit ~8,000 acres
(32 km2)
Structure extends to north and south of
existing environmental permit area

Leaders in the area
First exploration activity since 1970s
Awarded Durillo contract to south-west
o Potential field extension

slide 23
Colombia : Capella Appraisal Results to Date and Plans
Appraisal Strategy
Wells to prove up reserves
Production to demonstrate reservoir performance
Sales to develop transport routes and markets

Results
5 wells drilled, all found 2 reservoirs
o Upper Mirador, 8 23 feet net sand thickness
o Lower Mirador, 115 275 feet gross thickness, fractured conglomorate
Well cold flow tests of 100 - 345 bopd
o Excellent reservoir permeabilities
Extended production testing started
400 bopd, water cut 6%


Forward plans
Continue extended production testing
Total 7 wells in south (2 to drill)
Design of surface facilities
Technology application
o High angle / horizontal wells, thermal recovery,
upgrading.
Delineate northern area
o after environmental permit

slide 24
Colombia : Capella Oil-Initially-in-Place and Resource (Gross)

Netherland, Sewell & Associates, Inc.
Two cases of oil-initially-in-place and
resources evaluated:
Low (P90) :
o 3,500 acre (14 km2) area around existing
wells
yellow area on map
~16% of structure
High (P10)
o 22,000 acre (89 km2)
o Structure using lowest know oil from DST
yellow + green areas on map

slide25
Colombia : Capella Resources and Reserves (Gross)

Resource best estimate (P50) calculated using
LogNormal distribution of P90 and P10 cases

Reserves estimate
Considers range of recovery from area around
existing wells (approx 4,000 acres, 16 km2
Proved = direct offset (1 well spacing)
o Probable = 1 offset removed (2 well spacing)
o Possible = 2 offset removed (3 well spacing)
60 acre well spacing (approx 500m apart)
Approx 350,000 bbl per well recovery
Approx 260 bopd initial rate
Difference between total resource and reserves
classified as contingent resource
Pending obtaining additional data to better understand
reservoir uncertainties away from existing well control

slide 26
Colombia : Capella Transportation & Marketing
Initial
Trucking direct to local markets
o e.g. Bogota, Medellin, Cali
Initial market for crude
o Allows production for reservoir appraisal
o Demonstrates quality of oil and
sustainability of volumes needed to
access pipeline network
Intermediate
Cali
Bogota
Medellin
Vasconia
Pipeline access
o Neiva and Vasconia are potential access
points
o Blending with lighter crude
Longer term
Potential for upgrading in the field, then
direct delivery to pipelines


http://www.emeraldenergy.com/documents/EEN2008Results.pdf

RNS Number : 3495P
Emerald Energy PLC
24 March 2009

Emerald Energy Plc

24 March 2009

Result of Drilling Operations in the Jacaranda Block, Colombia


Emerald Energy Plc ('Emerald' or the 'Company') provides the following update on operations in Colombia.


The Jacinto No.1 exploration well in the Jacaranda block, designed to evaluate the potential of a stratigraphic exploration target in the Tertiary aged Carbonera formation, has been drilled to a total depth of 6,460 feet.


Hydrocarbon shows and a well developed sand channel were encountered while drilling through the Carbonera formation but wire-line log evaluation indicates the sand channel to be water bearing. Following this result, the well has been plugged and abandoned.



Emerald's Chief Executive Officer, Angus MacAskill, said:



The Jacinto prospect was always recognised as being a higher risk stratigraphic exploration play but attractive to drill for its high potential reward and low drilling cost. While encouraged to encounter a thick sand channel necessary for the play, we are disappointed to find the channel water filled. We now look forward to the remaining exploration wells to be drilled in 2009.



Enquiries: Lisa Hibberd 020 7925 2440


This information is provided by RNS
The company news service from the London Stock Exchange

END

Thanks DFGO for all the info....still in and a lot more to come with oil prices on the up !.

as i said on the FOGL thread, truly fantastic performance ..... little comparative chart for you below over the last year

EEN = Red
TLW = Green
PMO = Black
HOIL = Dark Blue
FOGL = Gold (should be poo-brown!)

Very nice comparisons cynic!