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

Taking a profit is never a bad thing (turning paper into money)especially e/y tax.
Just understand that you can't buy these for 30days, or its considered no sale.
Great to see 5 broken and held,augers well for the future and confirms the faith that was shown during the recent market turmoil.
DFGO i need to update the header,the problem is its getting a bit heavy. I'd be interested in any suggestions ie what in and out?
cyril
ps Have looked at AFR?

Emeralds 10% partener in Ombu Block, Capella Heavy Oil Discovery in Colombia



Canacol Energy Ltd. Announces Update of Drilling Program at Its Capella Heavy Oil Discovery in Colombia


April 6, 2009 11:41 AM EDT


CALGARY, ALBERTA--(Marketwire - April 6, 2009) - Canacol Energy Ltd. (TSX VENTURE: CNE) ("Canacol" or the "Corporation") is pleased to provide an update of its exploration and appraisal drilling program to date on its 300 square kilometer Ombu E&P contract in the Caguan Putumayo Basin in Colombia. On July 9, 2008, the Corporation entered into a farm-out agreement with Emerald Energy Plc. ("Emerald"), the operator of the contract, earning a 10% working interest, subject to the approval of the ANH, by paying 100% of the cost of the drilling and testing of the Capella 1 well.

To date, 5 wells have been drilled and 1 further well, Capella 6,is being drilled and completed, covering an area of approximately 30 square kilometres within the southern part of the Capella discovery. Using the oil column height information obtained from the wells, and the structural interpretation derived from the existing 2D seismic, the accumulation has a mapped area of approximately 89 square kilometres (22,000 acres). Following the environmental permitting of the northern half of the structure later in 2009, the operator plans further delineation drilling.

Charle Gamba, President and CEO of Canacol, stated "We are pleased with the positive drilling and production test results obtained to date from the Capella discovery. The large areal extent of the structure represents a significant accumulation of heavy oil at Capella. We are looking forward to completion of the drilling program in the southern part of the field shortly, and the future appraisal of the northern part of the field later this year."

The Capella 1 vertical exploration well was drilled to a total depth of 3,802 feet on July 30, 2008, encountering oil of approximately 10 degrees API gravity in two sandstone reservoirs of the Eocene Mirador formation with a combined 189 feet of potential hydrocarbon bearing interval. Both reservoirs were tested using a progressive cavity pump, and flowed at a stabilized combined rate of 240 barrels of oil per day ("bopd"). The Capella 2 vertical well, located approximately 1.3 km southwest of Capella 1, was drilled to a total depth of 3,550 feet on 19th October, encountering approximately 163 feet of potential hydrocarbon pay within the same two reservoirs in the Mirador. Both reservoirs flow tested at a combined stabilized oil rate of 345 bopd. The Capella 3 well, the first deviated well drilled in the block, was drilled from a surface location adjacent to the Capella 1, penetrating the Mirador approximately 340 meters away, and reaching a total depth of 3,850 feet on November 26, 2008. The well encountered both reservoirs within the Mirador with net hydrocarbon intervals similar to those encountered in the other wells. The lower Mirador reservoir was flow tested at a rate of approximately 135 bopd of oil 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 4 vertical well was drilled approximately 1.6 kilometres to the southwest of the Capella 1 location, reaching a total depth of 3,545 feet on December 24, 2008. Both of the Mirador reservoirs were encountered with the upper reservoir in this well being thinner than in previous wells, with excellent oil and gas shows while drilling. Poor cementing within the well bore resulted in neither of the Mirador reservoirs being effectively flow tested. The operator is evaluating options with respect to remediating the well at some point in the future. The Capella 5 vertical well, located some 3.4 kilometres to the northeast of Capella 1, was drilled to a total depth of 3,314 feet on February 8, 2009, encountering both reservoirs within the Mirador with net hydrocarbon intervals similar to those encountered in the other wells. 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 Capella 6 vertical well, located some 3.6 kilometres to the south of Capella 1, is currently being drilled and completed. The operator plans to drill 1 additional well after testing of the Capella 6 well has been completed.

The 5 wells tested to date have flowed heavy oil in the range of 9 to 11 degrees API gravity at individual well rates of up to 345 bopd under cold flow conditions from predominantly vertical wells. Extended production testing of the Capella 1, 2, and 3 wells in February yielded stable production rates of 400 bopd, with the water cut for the field steadily reducing to a level of approximately 6%. The operator plans to complete extended production testing of all the wells as part of the appraisal of the southern part of the Capella structure. The field production rate is currently constrained by oil trucking and sales capacity, with the crude being sold to local markets. The operator is also planning to commence a cyclic steam injection pilot in one of the vertical wells this year in order to investigate the effects of thermal methods on increasing rate and recovery efficiency.

The Corporation has been made aware that Emerald has announced its updated reserve disclosure in relation to the Capella Field under its reporting requirements in accordance with UK laws, namely on pages 10 and 11 of Emerald's 2008 Annual Report and Accounts, which may be accessed via the Emerald Energy Plc. website. Readers are cautioned that these figures released by Emerald are prepared in accordance with Society of Petroleum Engineering Guidelines and are not in accordance with the Canadian requirements under National Instrument 51-101- Standards Of Disclosure For Oil And Gas Activities and therefore cannot be relied upon by the Corporation for disclosure. The Corporation has not at this time received its reserve update on the Capella Field from its reserve evaluator in accordance with National Instrument 51-101- Standards Of Disclosure For Oil And Gas Activities and therefore cannot release any reserve data. The Corporation anticipates release of such Capella Field reserve data in the near future.

Canacol is a Canadian based international oil and gas corporation with operations in Colombia, Brazil, Guyana, and Northern Ireland. Canacol is publicly traded on TSX Venture Exchange (TSX VENTURE: CNE). The Corporation's public filings may be found at www.sedar.com.

This press release may contain statements within the meaning of safe harbour provisions as defined under Securities Laws and Regulations. The above statements are based on the current expectations and beliefs of Canacol's management and are subject to a number of risks and uncertainties that may cause the actual results to differ materially from those described above. Canacol does not undertake any responsibility with regard to the accuracy of this press release nor the obligation to update the abovementioned information.

This press release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Corporation cannot assure that actual results will be consistent with these forward looking statements. They are made as of the date hereof and are subject to change and the Corporation assumes no obligation to revise or update them to reflect new circumstances, except as required by law. Prospective investors should not place undue reliance on forward looking statements. These factors include the inherent risks involved in the exploration for and development of crude oil and natural gas properties, the uncertainties involved in interpreting drilling results and other geological and geophysical data, fluctuating energy prices, the possibility of cost overruns or unanticipated costs or delays and other uncertainties associated with the oil and gas industry. Other risk factors could include risks associated with negotiating with foreign governments as well as country risk associated with conducting international activities, and other factors, many of which are beyond the control of the Corporation. A barrel of oil equivalent (boe) is derived by converting gas to oil in the ratio of six thousand cubic feet of gas to oil and may be misleading, particularly if used in isolation. A boe conversion is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead, especially in various international jurisdictions.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:
Canacol Energy Ltd.
Mr. Brian Hearst
CFO
(403) 237-9925
Email: bhearst@canacolenergy.com

Source: Canacol Energy Ltd.

http://www.istockanalyst.com/article/viewiStockNews/articleid/3178946

cyril
please keep the following in header

http://www.emeraldenergy.com

http://www.investegate.co.uk/Article.aspx?id=200812220700095529K

http://www.investegate.co.uk/Article.aspx?id=200901260700092060M

http://www.investegate.co.uk/Article.aspx?id=200902110700131142N

http://www.emeraldenergy.com/documents/20090126EENInvestorPresentation.pdf/

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

cyril
Emerald Energy plans a cyclic steam injection pilot in one well this year.


Large Caguan basin find shapes up in Colombia

By OGJ editors
HOUSTON, Apr. 6 -- Emerald Energy PLC and Canacol Energy Ltd., Calgary, are delineating what appears to be a large heavy oil discovery in Colombia's Caguan basin 200 miles south of Bogota.

Five wells have been drilled, a sixth is drilling, and a seventh is planned in the southern part of Capella, an accumulation of 9-11 gravity oil in the Eocene Mirador formation that appears from 2D seismic to cover 22,000 acres on the Ombu E&P contract area.

Delineation drilling is planned on the northern half of the structure later in 2009 after environmental permitting.

Emerald Energy said gross proved and probable reserves are 14.8 million bbl from estimated initial oil in place of 245 million to 1.1 billion bbl. The six existing wells are on the southern 7,400 acres of the structure. The first five wells found oil in both intervals.

Emerald Energy and Canacol hold 90% and 10% interest, respectively, in the 74,130-acre Ombu contract area, and Emerald Energy holds 100% working interest in the 27,181-acre Durillo contract area adjacent to and southwest of Ombu. Emerald Energy said Durillo may have potential in the same exploration play as Capella.

The vertical Capella-1 went to a total depth of 3,802 ft in mid-2008 and found 189 ft of potential hydrocarbon-bearing interval in two Mirador sandstones. The two tested at a combined 240 b/d oil progressive cavity pumps.

Emerald Energy plans a cyclic steam injection pilot in one well this year. The field production rate is constrained by oil trucking and sales capacity. The individual intervals tested at initial rates of 26-240 b/d of oil and stabilized at as much as 400 b/d on extended tests with water cut steadily declining to 6%.

http://www.ogj.com/display_article/358525/120/ARTCL/none/ExplD/1/Large-Caguan-basin-find-shapes-up-in-Colombia/

RNS Number : 6272Q
Emerald Energy PLC
15 April 2009

FOR IMMEDIATE RELEASE

15 April 2009

CONVERSION OF CONVERTIBLE BONDS

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

The Company and Credit Suisse Securities (Europe) Limited ('Credit Suisse') have reached an agreement for the conversion of the entire outstanding principal amount of the Series B US$15,000,000 4.875 per cent. senior unsecured convertible bonds due 2013 (the 'Series B Bonds') into the Company's ordinary shares (the 'Ordinary Shares'). The Series B bonds which were issued in July 2007 are convertible into Ordinary Shares at a price of 270 pence per Ordinary Share at a fixed US dollar/sterling exchange rate of 2.0171.

Credit Suisse has agreed to exercise its right to convert all of the outstanding principal amount of the Series B Bonds into the Ordinary Shares, in consideration of which the Company has agreed to pay Credit Suisse an amount of US$914,062.50, equal to the interest payable on Series B Bonds for the period from and including 31 March 2009 to but excluding 30 June 2010.

The total number of Ordinary Shares issued to Credit Suisse on 15 April 2009 pursuant to conversion of the Series B bonds is 2,754,229. These Ordinary Shares are expected to be listed on the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange no later than 22 April 2009. Following this transaction, the issued share capital of the Company will be 62,440,373 Ordinary Shares.

The Series A US$15,000,000 5.875 per cent. senior unsecured convertible bonds due 2012 that were also issued in July 2007 remain in place.

Enquiries:

Emerald Energy Plc - Lisa Hibberd 020 7925 2440

CS. annouced just the other day they would sell $5billion of equity to pay back part e of the $10billion loan recieved from the USA goverment.Not sure this is relivent, but worth knowing.
cyril

CS. annouced just the other day they would sell $5billion of equity to pay back part e of the $10billion loan recieved from the USA goverment.Not sure this is relivent, but worth knowing.
cyril

Only duplicates today Cyril? Running out of carbon paper?! ;o)

Niceonecyril : you can ajust the speed of the click of the mouse...it depends whether you are using Microsoft or Apple software !, you need to refer to a dummy's guide or computer active manual !.....that might be the problem !.

I can't help but feel that there is about to be a pullback on this stock....the sp is really up with events...at the moment Gulfsands (GPX)(Aim) looks the better bet !.

required field

Emerald still under valued imo hardly anything in price for Colombia

GPX 118,552,500 ordinary shares in issue.
EEN 59,686,144 ordinary shares in issue.
as from 22/4/09 Emerald will have 62,440,373 Ordinary Shares in issue.

probably because you have everyone looking in the wrong country entirely!
Try ColOmbia

Did I mention a pullback ?....the sp has dived this afternoon and there could be more tomorrow morning !.

Operations Update (Emerald Energy)





TIDMEEN

RNS Number : 0147R
Emerald Energy PLC
23 April 2009

?
Emerald Energy Plc


23 April 2009


Operations Update - Syria, Block 26


Emerald Energy Plc ("Emerald" or the "Company") is pleased to provide the
following update on operations in Block 26, Syria.


Khurbet East No.8 Well


Khurbet East No.8, the delineation well located 2.7 kilometres to the south of
the Khurbet East No.1 well to investigate reservoir properties and the oil-water
contact in the south of the field, encountered a 23 metre gross oil column (15
metre net) within the Cretaceous Massive reservoir. The top of the reservoir was
encountered at 1,940 metres, approximately 18 metres shallower than the
pre-drill prediction.


Wireline logging indicated an average porosity in the net oil bearing interval
in excess of 23%. However, a definitive oil-water contact could not be
identified as the porous oil-bearing reservoir lies directly above a low
porosity and low permeability interval.


An open-hole flow test conducted over the full reservoir interval using nitrogen
injection artificial lift resulted in limited amounts of oil being produced to
surface, indicative of poorer reservoir quality in this location than
encountered in the central part of the field.


Following an acid stimulation operation on the open-hole reservoir section, the
well produced, using artificial lift, 23 degree API oil at an average rate of
617 barrels per day over an 8 hour period with a water-cut of less than 2%.
Under natural flow, the well flowed at an average oil rate of 120 barrels per
day over a 12 hour period through a 40/64 inch choke with a water-cut of 1%.


The Khurbet East No.8 well will be suspended as a future oil producer.


The results of the Khurbet East No.8 well are being integrated into the data set
for the Khurbet East field and the updated reserves evaluation being made by RPS
Energy, the independent reserves engineers, is expected to be completed before
the end of the second quarter 2009.


Khurbet East No.9 Well


Drilling operations commenced on the Khurbet East No.9 well on 9 April 2009. The
Khurbet East No.9 well, located approximately 1.0 kilometres south of Khurbet
East No.1, is the first of three development wells planned to support the
expansion of the early production facilities capacity to 18,000 barrels per day.
This additional capacity is expected to commence operations in the third quarter
of 2009.


3D Seismic


Acquisition of the 850 square kilometre 3D seismic survey surrounding the
Khurbet East and Yousefieh fields is progressing on schedule with completion
expected in the second quarter 2009. The data will be processed in the third
quarter, followed by seismic interpretation and prospect definition in the
fourth quarter 2009.




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


"We are pleased with the results of the Khurbet East No.8 well with the
oil-bearing reservoir encountered in this location being materially thicker than
expected and the stimulation and testing operations demonstrating that oil can
be produced at commercial rates from areas where the reservoir quality is less
than the exceptionally high quality seen in the centre of the field."


Enquiries: Lisa Hibberd 020 7925 2440

required field

Here is reason for pull back

RNS Number : 6272Q
Emerald Energy PLC
15 April 2009

?
FOR IMMEDIATE RELEASE


15 April 2009


CONVERSION OF CONVERTIBLE BONDS


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


The Company and Credit Suisse Securities (Europe) Limited ("Credit Suisse") have
reached an agreement for the conversion of the entire outstanding principal
amount of the Series B US$15,000,000 4.875 per cent. senior unsecured
convertible bonds due 2013 (the "Series B Bonds") into the Company's ordinary
shares (the "Ordinary Shares"). The Series B bonds which were issued in July
2007 are convertible into Ordinary Shares at a price of 270 pence per Ordinary
Share at a fixed US dollar/sterling exchange rate of 2.0171.


Credit Suisse has agreed to exercise its right to convert all of the outstanding
principal amount of the Series B Bonds into the Ordinary Shares, in
consideration of which the Company has agreed to pay Credit Suisse an amount of
US$914,062.50, equal to the interest payable on Series B Bonds for the period
from and including 31 March 2009 to but excluding 30 June 2010.


The total number of Ordinary Shares issued to Credit Suisse on 15 April 2009
pursuant to conversion of the Series B bonds is 2,754,229. These Ordinary Shares
are expected to be listed on the Official List of the UK Listing Authority and
admitted to trading on the London Stock Exchange no later than 22 April 2009.
Following this transaction, the issued share capital of the Company will be
62,440,373 Ordinary Shares.


The Series A US$15,000,000 5.875 per cent. senior unsecured convertible bonds
due 2012 that were also issued in July 2007 remain in place.


RNS Number : 8330Q
Emerald Energy PLC
20 April 2009

?Form TR-1 with annex. FSA Version 2.1 updated April 2007


+-----------------------------------------+
| For filings with the FSA include the |
| annex |
| For filings with issuer exclude the |
| annex |
+-----------------------------------------+


+-----------------------------------------------------------------------------+
| TR-1: Notifications of Major Interests in Shares |
+-----------------------------------------------------------------------------+


+----------------------------------------+---------------+---------------+----------+
| 1. Identity of the issuer or the underlying issuer of | EMERALD ENERGY |
| existing shares to which voting rights are attached: | |
+--------------------------------------------------------+--------------------------+
| 2. Reason for notification (yes/no) |
+-----------------------------------------------------------------------------------+
| An acquisition or disposal of voting rights | Yes |
+------------------------------------------------------------------------+----------+
| An acquisition or disposal of financial instruments which may result | |
| in the acquisition of shares already issued to which voting rights are | |
| attached | |
+------------------------------------------------------------------------+----------+
| An event changing the breakdown of voting rights | |
+------------------------------------------------------------------------+----------+
| Other (please specify):______________ | |
+------------------------------------------------------------------------+----------+
| 3. Full name of person(s) subject to | Credit Suisse Securities (Europe) |
| notification obligation: | Limited |
+----------------------------------------+------------------------------------------+
| 4. Full name of shareholder(s) (if | |
| different from 3): | |
+----------------------------------------+------------------------------------------+
| 5. Date of transaction (and date on | 15.04.09 |
| which the threshold is crossed or | |
| reached if different): | |
+----------------------------------------+------------------------------------------+
| 6. Date on which issuer notified: | 16.04.09 |
| | |
+----------------------------------------+------------------------------------------+
| 7. Threshold(s) that is/are crossed or | 3% |
| reached: | |
+----------------------------------------+---------------+---------------+----------+




+--------------+--------------+----------+-----------+--------------+----------+----------+----------+
| 8: Notified Details |
+----------------------------------------------------------------------------------------------------+
| A: Voting rights attached to shares |
| |
+----------------------------------------------------------------------------------------------------+
| Class/type | Situation previous | Resulting situation after the triggering |
| of shares | to the triggering | transaction |
| If possible | transaction | |
| use ISIN | | |
| code | | |
+ +-------------------------+-----------------------------------------------------------+
| | Number of | Number | Number | Number of voting | Percentage of |
| | shares | of | of | rights | voting rights |
| | | voting | shares | | |
| | | rights | | | |
+ + + + +-------------------------+---------------------+
| | | | | Direct | Indirect | Direct | Indirect |
+--------------+--------------+----------+-----------+--------------+----------+----------+----------+
| ORD | N/A | N/A | 2,016,123 | 2,016,123 | N/A | 3.37% | N/A |
| GB0007360158 | | | | | | | |
| | | | | | | | |
+--------------+--------------+----------+-----------+--------------+----------+----------+----------+




+---------------+---------------+---------------+----------------------+---------------+
| B: Financial Instruments |
| |
+--------------------------------------------------------------------------------------+
| Resulting situation after the triggering transaction |
| |
+--------------------------------------------------------------------------------------+
| Type of | Expiration | Exercise/ | No. of voting | Percentage of |
| financial | date | conversion | rights that | voting rights |
| instrument | | period/date | may be | |
| | | | acquired (if | |
| | | | the | |
| | | | instrument | |
| | | | exercised/converted) | |
+---------------+---------------+---------------+----------------------+---------------+
| | | | | |
+---------------+---------------+---------------+----------------------+---------------+








+-----------------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting rights and /or |
| the financial instruments are effectively held, if applicable: |
+-----------------------------------------------------------------------------+
| Credit Suisse Securities (Europe) Limited and Credit Suisse International |
| are a division of Credit Suisse ("CSIBD"), which is part of the Credit |
| Suisse Group ("CSG"). CSIBD is a segregated business unit within CSG with |
| an independent management structure and exercises its voting rights |
| independently from other divsions of CSG |
+-----------------------------------------------------------------------------+

Emerald Energy Holding(s) in Company





TIDMEEN

RNS Number : 9727Q
Emerald Energy PLC
22 April 2009

?
Emerald Energy Plc


FOR IMMEDIATE RELEASE


22 April 2009


Holdings in Company


Emerald Energy Plc (the "Company") received notification on 21 April 2009 from
Credit Suisse Securities (Europe) Limited that, as at 20 April 2009, it no
longer held reportable voting rights in ordinary shares of 10p each in the
Company.


The total number of current voting rights in the Company is 62,440,373


Enquiries: Lisa Hibberd 020 7925 2440

As i suspected CS selling down to raise money for repayment od USA loan.

Another great result at KE, just gets better abd better.
cyril
ps will add todays news to the header, although its getting a little top heavy.

cyril

please keep the following in header plus todays remove the rest if you think
they are not needed

thanks dave.

http://www.emeraldenergy.com

http://www.investegate.co.uk/Article.aspx?id=200812220700095529K

http://www.investegate.co.uk/Article.aspx?id=200901260700092060M

http://www.investegate.co.uk/Article.aspx?id=200902110700131142N

http://www.emeraldenergy.com/documents/20090126EENInvestorPresentation.pdf/

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

cyril

And Giante#2 result not to far away

DFGO; managed a small top up yesrerday @482p, so reasonably pleased.
cyril

cyril
well done



Output rise lifts Emerald
MoneyAM
Emerald Energy expects Q1 earnings of $9.9m - up from $8.4m last year - following a big rise in production.

The firm said daily output was 5,693 barrels of oil equivalent compared with 1,622 barrels in the first quarter of 2008.

Profits after tax for the period beginning 1 January will be $4.6m - up from $3.5m in 2008.

It said it had completed initial appraisal of Yousefieh discovery in Syria and drilled three successful appraisal wells and commenced extended production testing of the Capella discovery in Colombia.

Chief executive Angus MacAskill said: "We are very pleased with the results to date in 2009, with significant progress towards delivering the material production enhancement projects in the Khurbet East field in Syria and the Gigante field in Colombia.

"Our cash and cash generation positions are strong, and we remain committed to investing in projects to deliver additional value to shareholders."

Edit
thanks for up dating header.