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

copied from advfn een thread



efagie - 29 Nov'06 - 00:15 - 21372 of 21379


for those that went to the egm. any mention of.

In addition, the ANH signed three contracts of exploration and production with the company Emerald Energy. First of these contracts it is for the Marantblock, in the river basin of the Putumayo, that has 36,608 hectares and its program of activities in first stage requires of investments by 816 thousand dollars.

To the same company the Agency adjudged to him, also in Putumayo, the block Helen with an area of 21,256 hectares and a plan of investment that reachs the 888 thousand dollars in his first stage.

The third contract is for the Ombblock, located in the region of the Cagu - Vaup, that has 29,900 hectares and an exploratory plan of 11 months in first stage with investments by 1 million 203 thousand dollars


from.-http://translate.google.com/translate?hl=en&sl=es&u=http://www.presidencia.gov.co/prensa_new/sne/2006/noviembre/17/03172006.htm&sa=X&oi=translate&resnum=7&ct=result&prev=/search%3Fq%3DGeoadinpro%26hl%3Den%26lr%3D%26sa%3DG

Emerald Energy Appointment of CEO

RNS Number:0390N
Emerald Energy PLC
01 December 2006


Emerald Energy Plc

1 December 2006

Appointment of Chief Executive Officer

Emerald Energy Plc ("Emerald" or the "Company") is pleased to announce the
appointment of Angus MacAskill as Chief Executive Officer. Alastair Beardsall
remains as Chairman and Executive Director on a part-time basis. These changes
will take place with immediate effect.


Emerald's Chairman, Alastair Beardsall, said:

"We are pleased to have reached the stage in the company's growth and
development at which we recognise the potential value in separating the roles of
Chairman and Chief Executive Officer. Angus's appointment will allow us to
concentrate simultaneously on both the management of the existing portfolio and
the next stage of growth"


Angus MacAskill, Emerald's Chief Executive Officer said:

"I am delighted to be taking on this challenging and exciting role and look
forward to building on excellent progress that has been made over the last three
years."




Enquiries: Helen Manning 020 7925 2440



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

END

Emerald Energy Drilling Report


RNS Number:4198N
Emerald Energy PLC
07 December 2006


Emerald Energy Plc


7 December 2006


Operations Update - Syria


Emerald Energy Plc ("Emerald" or the "Company") is pleased to provide an update
on activities within Block 26, Syria, following the release of this information
by the Operator.


The Tigris No.1 exploration well is currently at a depth of 3,546 metres, having
recently set nine and five-eighths inch casing at 3,435 metres. The well has
penetrated the top of the Palaeozoic geologic section below which the Company
holds contractual rights. Tigris No.1 was spud on 10 September 2006, has a
planned total depth of approximately 4,500 metres and is estimated to take a
further 45 days to drill and evaluate with wireline logs.


Tigris No.1 is the second of four commitment wells to be drilled during the
initial exploration phase of the contract for Block 26 that ends in August 2007.


The previously announced programme to acquire 266 kilometres of 2D seismic in
Block 26 has been completed and is currently being processed in preparation for
interpretation.



Emeralds' Chief Executive Officer, Angus MacAskill, said:


"We are pleased to be making continued progress with the Tigris No.1 well and
with the completion of the acquisition of further seismic to optimise the
remaining work programme"



Emerald holds a 50% interest in Block 26 through its fully owned subsidiary SNG
Overseas Ltd.



Enquiries: Helen Manning 020 7925 2440

Emerald Energy Drilling Report


RNS Number:7512N
Emerald Energy PLC
12 December 2006


Emerald Energy Plc


13 December 2006


Colombia - Aureliano Well Spudded


Emerald Energy Plc ("Emerald" or the "Company") is pleased to announce that the
Aureliano 1 exploration well has been spud. The Aureliano prospect is in the
Fortuna Association Contract area in the Middle Magdalena Valley in Colombia.

The Aureliano 1 well is targeting a fractured limestone prospect in the same La
Luna formation, but across a fault from the Totumal field which produced 800,000
barrels from three vertical wells until the field was shut-in in the mid 1990's.
The well is planned to reach a measured depth of 8,600 feet and take
approximately 35 days to drill.

Emeralds' Chief Executive Officer, Angus MacAskill, said:

"This is a significant step in the exploration of the Fortuna area. The
prospect, if successful, has the potential for a number of additional
development wells."



Enquiries: Helen Manning 020 7925 2440

am I the only one here

http://www.oilbarrel.com:80/email_index.html?page=/news/article.html?body=1&key=oilbarrel_en:1166061608&feed=oilbarrel_en

14.12.2006
Gulfsands Going For An Exploration Step Up With Its Tigris-1 Well In Syria
Gulfsands Petroleum, the London AIM quoted company, has a profile which investors in small and mid cap companies like to see. There is production in the US and some potentially big exploration upside in Syria. There has been news on both fronts. We reported a few weeks ago that the US production stream was back up to 2,800 barrels of oil equivalent a day, following the hurricane disruption of 2005. We now understand that it has strengthened and is growing satisfactorily. This provides respectable amounts of cash flow on gross revenues of just over US$12 million for the first six months of the year.

But the real excitement is in Syria with the possibility of a significant step up through exploration. Gulfsands has reported that on the drilling of the Tigris-1 well in Block 26, in Syria, it has set 9 5/8 casing at a depth of 3,435 metres on Tigris. At this depth the well bore has entered into the Palaeozoic aged geological section to which the company owns the contractual rights in the Tigris structure.

Block 26 is an 11,000 sq kms tranche of acreage, equivalent in size to 50 North Sea blocks. It lies in a proven oil and gas province: the block is home to fields that are producing over 110,000 barrels of oil per day for the state oil firm, the Syrian Petroleum Company (SPC). There are numerous significant hydrocarbon accumulations here, mainly within the shallower Cretaceous and Triassic reservoirs, which are thought to total 3 billion barrels of recoverable oil. Gulfsands Production Sharing Agreement (PSA) gives it - and its 50/50 partner Emerald Energy - rights to the deep Palaeozoic reservoirs under the existing shallower fields.

What the companys latest statement means, in laymans terms, is that with the new casing, Gulfsands is now drilling in its own rocks, as they say. The partners first well on the Souedieh North-1 block, drilled in the second quarter of this year, was something of a disappointment, failing to recover moveable hydrocarbons during wire-line testing. Drilling was suspended for further analysis to decide whether to carry out chemical or mechanical stimulation on the well, or to deepen (or abandon) it.

This has no bearing on the prospectivity of the Tigris structure. The Tigris-1 well will go down to 4,500 metres to target the Carboniferous and Devonian- aged reservoirs that lie directly under the Souedieh field, the largest field in Syria.

This is not the first well to be drilled into these deep structures. The S1100 well, sunk by the SPC about one kilometre northeast of Gulfsands well site in 1994, indicated a substantial hydrocarbon column. So, strictly speaking this is not a wildcat well. The main objective of Tigris-1 is to confirm the presence of this hydrocarbon column.

The Tigris structure has been estimated by independent reservoir surveyors, the Ryder Scott Company, to have probable reserves of 442 bcf of gas, which combined with possible and prospective resources, totals a potential resource of 4.3 tcf of natural gas or 562 million barrels of oil.

But as the Souedieh North-1 well showed, only the drill bit will tell how much oil or gas there is, if any. The well should take another 35 days or so to reach target depth.
< back

I'm here, went Long yesterday, for first time since the May crash and SN#1 debacle.

Way too neglected by the market, expecially considering that Tigris alone could be worth over 10 a share to Emerald, and also that the Aureliano drill target has the potentail to almost double the current share price.

Interesting times, in fact during the Christmas lull, there probably isn't a more exciting stock to be in.

AndyH78

Ive been in EEN since 1999 and added since monday also bought GPX this week

Tigris target depth getting ever closer

Another Exploration & Production contract Emerald Energy

Emerald Energy PLC
21 December 2006

Emerald Energy Plc

21 December 2006

Ombu Exploration and Production Contract Award in Colombia

Emerald Energy Plc ('Emerald' or the 'Company') is pleased to announce that it
has been awarded a new exploration & production contract (the 'Contract') in
Colombia. The Ombu Contract, in which Emerald has a 100% working interest,
covers an area of 300 sq. km and is located in the Caguan Basin, to the
south-west of the Llanos Basin, in Colombia.

The initial phase of the exploration period is 11 months and the minimum work
programme comprises the acquisition of 61 km of new 2D seismic data and the
re-processing of 60 km of existing 2D seismic data. If Emerald elects to enter
the second phase, the minimum work programme includes the drilling of 1 well to
an estimated depth of 5,000 ft.

The Ombu Contract has been awarded by the ANH, the National Hydrocarbon Agency
of Colombia, and a copy of the model contract terms can be found on the ANH
website (www.anh.gov.co).

Emeralds' Chief Executive Officer, Angus MacAskill, said:

'We are very pleased with the award of our second ANH E&P Contract in Colombia.
The award of this prospective acreage with a petroleum system, proven by
historic wells, contributes to the building of an exciting portfolio of
exploration opportunities for future growth.'

More good news, with two high impact drills both much less than a month from completion I'm surprised this is so unloved by the market.

Certainly a case of once bitten twice shy for those that lost out after the Soudieh North result.

Emerald Energy wins Colombia exploration & production contract
AFX


LONDON (AFX) - Emerald Energy PLC said it has won the Ombu exploration and production contract from ANH, the National Hydrocarbon Agency of Colombia.

Financial details of the contract were not disclosed.

The Ombu contract, in which the company has a 100 pct working interest and covers an area of 300 square kilometres, is in the Caguan Basin, to the south-west of the Llanos Basin, in Colombia.

'The award of this prospective acreage with a petroleum system, proven by historic wells, contributes to the building of an exciting portfolio of exploration opportunities for future growth,' chief executive Angus MacAskill said.

newsdesk@afxnews.com

EEN up 7.5p

Auction 5020 2.10 1p above buying price on advfn

Emeralds partener Gulfsands very close to target depth now with Tigris well.

copied this post from advfn GPX bb

PapalPower - 3 Jan'07 - 02:21 - 383 of 406


A nice little pre-spud summary of what the hopes are for the Tigris drill :


1. Emerald Energy is talking up the potential of its Tigris structure onshore Syria, where drilling of the Tigris-1 well is expected to commence in September. The company highlighted new information released by operator Gulfsands Petroleum, the operator of Block 26 , following an economic valuation by Ryder Scott Company, L.P. The latter has completed an economic valuation of the probable and possible reserves (unrisked) on Tigris, which can be viewed on Emerald's website ( www.emeraldenergy.com ). On 30 January 2006, Ryder Scott completed a reserves study on the Tigris structure in which two cases were considered as there was insufficient data available at that time to determine with certainty the hydrocarbon fluid contained within the structure. This reserves study classified probable and possible reserves and prospective resource as follows: If Tigris is a natural gas accumulation, Ryder Scott has classified 442 Bcf of gas as probable reserves, a further 442 Bcf of gas as possible reserves, and a further 3.447 Tcf of gas as a prospective resource. In summary, total estimated hydrocarbon potential for probable and possible reserves and prospective resource in this case is 4.33 Tcf of gas, equivalent to 722 million boe. If Tigris is an oil accumulation, Ryder Scott has classified 104 million bbl of oil and 64 Bcf of gas as possible reserves and a further 408 million bbl of oil and 245 Bcf of gas as prospective resource. In summary, total estimated hydrocarbon potential for possible reserve and prospective resource in this case is 512 million bbl of oil and 308 Bcf of gas, equivalent to 563 million boe. If Tigris is a natural gas accumulation, Ryder Scott determined the probable reserves net to Emerald after applying the fiscal terms of the production sharing contract are 102 Bcf of gas having a net present value, discounted at 10%, of $233 million. In addition, the accumulation rates 75 Bcf of gas of possible reserves net to Emerald having a net present value, discounted at 10%, of $261 million. In summary total estimated probable and possible reserves for the natural gas case is 177 Bcf of gas (30 million boe) with a net present value of $494 million. If Tigris is an oil accumulation, Ryder Scott determined the possible reserves net to Emerald after applying the terms of the production sharing contract is 19.4 million bbl of oil having a net present value, discounted at 10%, of $452 million. Emerald holds a 50% interest in Block 26 in its 100% subsidiary SNG Overseas Ltd.

Emerald also spud Aureliano#1 in Colombia on 13 December with approx drill of 35 days also getting close now with approx 14 days to go



RNS Number:7512N
Emerald Energy PLC
12 December 2006


Emerald Energy Plc


13 December 2006


Colombia - Aureliano Well Spudded


Emerald Energy Plc ("Emerald" or the "Company") is pleased to announce that the
Aureliano 1 exploration well has been spud. The Aureliano prospect is in the
Fortuna Association Contract area in the Middle Magdalena Valley in Colombia.

The Aureliano 1 well is targeting a fractured limestone prospect in the same La
Luna formation, but across a fault from the Totumal field which produced 800,000
barrels from three vertical wells until the field was shut-in in the mid 1990's.
The well is planned to reach a measured depth of 8,600 feet and take
approximately 35 days to drill.

Emeralds' Chief Executive Officer, Angus MacAskill, said:

"This is a significant step in the exploration of the Fortuna area. The
prospect, if successful, has the potential for a number of additional
development wells."

By my calcs we should be due an update on Aureliano in about two week, and Tigris the week after.
A wet Aureliano would certainly add steam to any Tigris run-up.

Your search string matches are marked in orange

from oil Barrel in news search

02.11.2006
Emerald Energy To Shoot 3D Seismic Ahead Of Drilling The Long-Awaited Gigante-2 Well In Q4 2007
This weeks news that Emerald Energy has awarded a contract for the acquisition of 3D seismic over the Gigante field in Colombia marks a return to a project that has played a key role in the companys history.

The Gigante field lies in the Upper Magdalene Valley and produces from a single well, Gigante-1A, at a rate of 900 barrels per day. The field has produced some 2.2 million barrels of oil since starting production back in 1999 and independent consultants reckon theres plenty more to play for, with proved, probable and possible reserves of 18 million barrels.

But this potential was difficult to see back in 2000 when a devastating well blowout destroyed the companys sole source of production and mired the company in debt and legal wrangles. A rescue rights issue and board clear-out in August 2003 got the company back on a firmer financial footing and the Gigante-1A well was rehabilitated and production stabilized, gradually climbing to 900 barrels per day of 32-degree API Oil.

Now the company, which today pumps more than 4,000 barrels per day from five fields in Colombia and is a 50/50 partner in a possible company-making exploration project in Syria, is moving ahead to exploit the untapped potential of the Gigante field. Seismic firm Compania Geofisica Latinoamericana is set to get to work on a 58 sq km 3D shoot, which should take around two months with processing taking a further four months. The data will be used to confirm Emeralds model of the field and help define a drilling location for the planned Gigante-2 well.

This well has been on the cards for more than six years. It was part of the companys original plans for the Gigante field but got shelved during the fall-out from the blowout. More recently, industry-wide equipment shortages have delayed work on Gigante-2, which will require a rig capable of drilling down to 16,000 feet. Emerald now anticipates drilling the well in the fourth quarter of 2007 at the earliest.

This allows plenty of time to complete discussions with state oil firm Ecopetrol, which has the right to participate in the well with a 50 per cent interest if the well is drilled as a development well inside the joint operations area. If Ecopetrol decides not to participate, then Emerald will proceed alone and will have the right to recover 200 per cent of the well costs from any future production. If the well is drilled outside the joint operations area as an exploration well, Emerald will pay 100 per cent of the costs, with Ecopetrol retaining the right to participate in 50 per cent of any future production and Emerald retaining the right to recover 50 per cent of its costs.

Emerald has been a long time player in Colombia, a country that has overcome fears about security issues and fiscal terms to become something of an E&P starter package for oil juniors. Emeralds investments have been followed by the likes of AIM-quoted Black Rock Oil & Gas, Chaco Resources and Global Energy Development. These companies are hoping to follow Emeralds lead (albeit without the production hiatus and financial mess of the Gigante saga) and gain low-cost entry to near-term development projects and low cost exploration, in order to get some all-important barrels on the balance sheet.

It has, at last, paid off for Emerald. Its Colombian business produced 3,677 bpd over the first six months on this year, up 45 per cent on the prior year period, with pre-tax profits up 66 per cent at US$5.4 million. Production is now running at 4,200 bpd from nine wells on five fields.

Despite now turning its attention to high impact drilling in Syria, where field sizes dwarf those on its Colombian acreage, there is still plenty to keep Emerald interested in this vast and relatively under-explored country. Later this month the company will drill the Aureliano-1 exploration well. The prospect lies next door to the Totumal oil field, which produced 800,000 barrels of oil from a Cretaceous limestone formation until it was shut-in by Ecopetrol in 1993. Emerald is mulling a possible re-entry of two of the existing Totumal wells to restart production from the field. And in September the company signed up to explore the 365 sq km Maranta block, which lies in the southwest of the country and to the northeast of the producing fields of the Putumayo basin.
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TIGRIS
on the 7th December Tigris drill depth was 3435mtrs,and estimated the remaining
1065mtrs would take a further 45 days to drill and evaluate with wireline logs,
If the estimated days are correct the 45 days are up on Sunday 21st January,
So we are 9 days away from an announcement provide they are on schedule,But
there could be announcement during next week if they are ahead of the schedule.

Or a month later if they need time to collect/analyse the results. It seems highly likely they will be core sampling/wireline logging or what have you as they retreat from the total depth - this is a time consuming process. I'm not holding my breath until I see the RNS.

AURELIANO
On the 13 December Aureliano was spuded and estimated to take approximately 35 days to drill to the planned measured depth of 8,600 feet,Emerald have not mentioned evaluate and wireline log,the work period for evaluating wirelog may have to be added, The 35 days are up on monday 22nd January,So we are about 10 days approx away from news provide they are on schedule