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

niceonecyril
Imo

Emeralds share price includes nothing for syria at this price.

Another successful well in Colombia



Emerald Energy PLC
14 July 2006


Emerald Energy Plc - 14 July 2006

Drilling Report

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

The Company has completed drilling of the Centauro Sur No. 2 appraisal well in
its Campo Rico block in Colombia. The well has been drilled to a total depth of
10,865 feet, completed for testing with an electrical submersible pump and in
the first 24 hours of steady test production produced in excess of 700 barrels
of oil.

Alastair Beardsall, Emerald's Chairman, said: 'We are pleased to have confirmed
the production potential of the Centauro Sur field, discovered earlier in the
year.'

Emerald Energy confirms production potential of Centauro well in Colombia
AFX


LONDON (AFX) - Emerald Energy PLC said its Centauro Sur No. 2 appraisal well in its Campo Rico block in Colombia produced over 700 barrels of oil in the first 24 hours of steady test production.

The well was drilled to a total depth of 10,865 feet.

Chairman Alastair Beardsall said: 'We are pleased to have confirmed the production potential of the Centauro Sur field, discovered earlier in the year.'

This is another new oil field for Emerald in Colombia

EEN still looks very weak and has done little to shake off the image they had a few years ago.

It looks to me to be heading lower still. Fair value around 50p?

Haystack - I disagree, looking at the chart. The SP has not breached the long-term uptrend from Jan 2004 and has moved since then within a fairly reliable upward channel bounded at the top by the twin peaks of April 2004 and 2006.

Not bad after a dry well in Syria and general market malaise since May. On the other hand, if you think Syria is totally dry, sell now.

sd

1stly Haystack is talking b******s and is undoubtably a deramper.

My concern is Syria, while most of the SP is down to Columbia, i feel any association with the above will have a negative effect.
Still a few question remain unanswered but i feel confident that EEN will
deliver.
cyril

I have been following EEN for many years and have owned their shares several times and they have never delivered, particularly in Columbia.

(I have no position in EEN and have not had one for years now).

so why deramp are you short then

you have been banned on advfn it about time moneyam banned you

I am not deramping EEN. I just have some comments which happen to be negative.

Do you only like to read positive views? That is a risky investment strategy.

I am neither short nor long on EEN and have no intention of being. EEN is a stock that I would avoid.

Haystack has never have any positive news on any shares...he is so pessimistic...can you name me one share that you are positive of, Haystack?

I have posted plenty of positive comments of stocks. That has not applied to EEN for years though.

Haystack

whats your opinion on EEN with the new pumps fitted, producing 10,000bopd from Colombia by year end

Haystack

whats your opinion on EEN with the new pumps fitted, producing 10,000bopd from Colombia by year end

Slight echo on this thread!

Still heading down

Still heading up!

I am inclined to say.

Still falling!

If charts were the only way of investing, it might make things a lot easier,
however that is not the case. Looking at the short term charts it does not look good for EEN,but as we all know what goes up, must come down and vise- versa.
A better guide is the long term chart which clearly shows a steady climb, with
each drop creating a lower bottom.
It is news,results and sentiment which drive the SP. Now anyone who has bothered to research EEN will understand some of the reasons for recent decline.
The ME conflict hasn't helped along with a poor result form the Souediieh North Well,but the main reason imho is the fall in production of oil from its Colombian
fields.This due intirely to rework of their wells, mostly new Electric Submersible Pump's and a new generator at Gigante( plus refurbishing of the downhole pipe) being fitted. These ESP's have replaced the old downhole pumps,which have been responsible for falling output. With production reduced from an average 4400bopd to a lowerly 3400bopd, already we can see a improvement in output via Gigante and with all the wells updated news of increased output is imminent and levels of perhaps 7000bopd will have be achieved.

So "What will the SP be then"? Or to repeat DFGO's question what price at years end when 10000bopd is reached, of which "i've yet to see an answer"?
cyril
P.S.Could be a great buying opportunity??

http://www.investegate.co.uk/Article.aspx?id=200605240701154806D

The above doesn't seem to be working, try
www.uk-wire.co.uk
cyril