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

Emerald Energy PLC
15 June 2007

Embargoed for 7.00am

15 June 2007



Emerald Energy Plc


Drilling Update: Khurbet East No.2, Block 26, Syria



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


Khurbet East No.2 appraisal well was spud on 14th June by the Crosco 602 rig.
Khurbet East No.2 is located approximately 1.2 kilometres to the northeast of
the Khurbet East No.1 discovery well and is planned to appraise the Tertiary
Chilou and Cretaceous Massive formations encountered in the Khurbet East No.1
well. The total drilling depth of the Khurbet East No.2 well is expected to be
approximately 2,100 metres and take approximately 45 days to drill and evaluate.
Results from the Khurbet East No.2 well are expected in August.


In the Khurbet East No.1 well, the Tertiary aged Chilou formation encountered a
potential net hydrocarbon interval of approximately 26 metres, based on wireline
logs. A wireline formation pressure sampler could not be run to confirm the
presence of hydrocarbon in the Chilou formation as the sampler tools available
were not suitable for large diameter well bores.


The Cretaceous aged Massive formation in the Khurbet East No.1 well encountered
a net hydrocarbon interval of approximately 22 metres. A wireline formation
sampler which recovered oil samples to surface confirmed the presence of
hydrocarbon in the Massive formation. The oil, based on laboratory analysis, is
approximately 24 degree API gravity.


Emeralds' Chief Executive Officer, Angus MacAskill, said:


'We are pleased to be progressing rapidly with the appraisal of the hydrocarbon
accumulations encountered in the shallow horizons in the Khurbet East No. 1
discovery well and look forward to the results from the Khurbet East No.2
appraisal well.'


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

Gulfsands Petroleum PLC
15 June 2007

Khurbet East -2 Appraisal Well Commences in Syria



London, 15th June, 2007: Gulfsands Petroleum plc (AIM: GPX), the oil and gas
production, exploration and development company with activities in the U.S.A.,
Syria and Iraq is pleased to announce that the Company commenced drilling the
Khurbet East ('KHE-2') appraisal well within Block 26, Syria on Thursday, 14
June.

Gulfsands, the operator and 50% working interest owner in Block 26, Syria, has
commenced drilling the KHE-2 well to appraise and evaluate the Tertiary Chilou
and Cretaceous Massive reservoirs encountered in the KHE-1 discovery well. The
total drilling depth of the KHE-2 well is expected to be approximately 2,050
metres and will require approximately 45 days to drill and evaluate.

The Cretaceous Massive Formation in KHE-1 contained approximately 22 metres of
net oil pay over a 25 metre gross interval based on wireline log interpretation,
reservoir pressure gradients and fluid sample recovery. The oil in this
reservoir has an API gravity of approximately 24 degrees, based on PVT analysis
of the recovered oil sample. The Massive formation was encountered at 1917
metres depth in the KHE-1 well.

The Tertiary Chilou 'B' Formation contained approximately 26 metres of net oil
pay in the KHE-1, based on wireline log interpretation. The Chilou 'B'
Formation was encountered at 1316 metres depth in the KHE-1 well.

The KHE-2 well will also provide further information on the lateral extent and
continuity of these reservoirs.

The Company expects to provide the final results from KHE-2 in early August.

LONDON (Thomson Financial) - Gulfsands Petroleum PLC and Emerald Energy PLC said drilling has begun at the Khurbet East 2 well within Block 26 in Syria.

The total drilling depth of the well is expected to be about 2,050 metres and will require around 45 days to drill and evaluate, with results expected in early August, Gulfsands said.

Emerald holds a 50 pct interest in the block, while operator Gulfsands holds the remaining 50 pct.

Website Presentation on Khurbet East Oil and Gas Discovery


London, 11th June, 2007: Gulfsands Petroleum plc (AIM: GPX), the oil and gas
production, exploration and development company with activities in the U.S.A.,
Syria and Iraq is pleased to announce that the Company has prepared a
presentation on the Khurbet East oil and gas discovery and this can be viewed on
the Company's website at
www.gulfsands.net
. Additionally, the Company has
updated its corporate presentation which can also be viewed on the Company's
website.

oil/gas discovery,great for moving s.p.,any views.

is this moving up to pass previous highs,or what,dfgo,where are you.

mbugger

I normally only post news here I am mainly on advfn

mbugger
if Khurbet East oil discovery as good as the shown in presentation imo yes EEN will reach or pass last years highs


http://www.gulfsands.net/i/pdf/20070530-KHE-website_ppt.pdf

http://www.gulfsands.net/i/pdf/20070607-CorpPPT.pdf

Emerald Energy PLC
27 July 2007


Emerald Energy Plc
27 July 2007


Khurbet East No.2 Well Results, Block 26, Syria

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

The Khurbet East No.2 appraisal well has reached a total depth of 2,050 metres.
The well was drilled to appraise the Khurbet East No.1 discovery, located
approximately 1.2 kilometres to the southwest of Khurbet East No.2, and was
planned to penetrate the Tertiary Chilou and Cretaceous Massive formations.

The Cretaceous Massive formation was encountered at 1,931 metres. Wireline logs
indicated a gross hydrocarbon interval of 49 metres and a net hydrocarbon
interval of 29 metres. No clear oil/water contact was seen on the logs and
therefore the thickness of the oil interval may be greater than currently
interpreted. A formation pressure sampler confirmed the hydrocarbon gradient
that was encountered in the Massive formation in the Khurbet East No.1 well.

Well testing operations were conducted over the upper 10 metres, approximately,
of the Massive formation. During a 16 hour flow period, oil flowed to surface
under natural flow through a 32/64 inch choke at an average rate of 710 barrels
per day, increasing to a final rate of 820 barrels per day. The oil was of
approximately 26 degrees API gravity with a gas-to-oil ratio of approximately 15
standard cubic feet per barrel. The results of the testing operation indicate
very good formation permeability and it is believed that this production rate
would be materially enhanced with artificial lift methods.

The Tertiary Chilou formation was encountered at 1,317 metres. The results of a
formation pressure sampler indicated this formation to be mainly water bearing
at this location and it is therefore considered unlikely to contain hydrocarbon
in sufficient quantities to support commercial development.

The Khurbet East No.2 well has been suspended, retaining the options of further
testing or future production from this location, and the rig has been
de-mobilised from the location.

Further appraisal of the Khurbet East discovery will now continue with the
acquisition of a 3D seismic survey over the structure, planned to commence in
September 2007. The results of this survey will be used to plan further well
locations.


Emeralds' Chief Executive Officer, Angus MacAskill, said:

'We are very pleased with the results of the Massive formation which encountered
a thicker oil bearing interval than seen in Khurbet East No.1 and established
excellent well productivity, both of which exceeded expectation. We now look
forward to progressing appraisal and development activities'

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


Enquiries: Helen Manning 020 7925 2440

Emerald Energy Partener in Syria Gulfsands Petroleum RNS

Gulfsands Petroleum PLC
27 July 2007



1,085 bopd of 26 degree (API) oil flows on DST of Cretaceous aged reservoir

KHE-2 appraisal well extends oil column



London, 27th July, 2007: Gulfsands Petroleum plc ('Gulfsands', the 'Group' or
the 'Company' - AIM: GPX), the oil and gas production, exploration and
development company with activities in the U.S.A., Syria and Iraq is pleased to
announce that the Company has successfully drilled and tested the first
appraisal well on the Group's Khurbet East discovery, being the Khurbet East - 2
('KHE-2') well. An open-hole drill-stem test produced oil to surface at rates
up to 1,085 barrels of oil per day ('bopd').



The Massive Formation



The Massive Formation was encountered in the KHE-2 appraisal well at a depth of
1,931 metres. The Company then successfully recovered approximately 10 metres
of whole core from a 20 metre coring interval. Recovery of the entire cored
section was limited due to the presence of fractures in the reservoir. Prior to
drilling ahead, the Company commenced an open-hole drill-stem test of
approximately the top 10 metres of the reservoir, which resulted in oil flow to
surface at a maximum rate of approximately 1,085 bopd during nitrogen lift of
the well. During the test period following the nitrogen lift the average
production rate was 710 bopd increasing to a final rate of 820 bopd. The
results of the testing operation indicate excellent formation permeability and
indicate that this production rate would be materially enhanced with artificial
lift methods (gas lift or pump). All wells in the Massive Formation in the
Block 26 area go onto artificial lift relatively soon after they go onto initial
production. Preliminary assessment of the oil gravity is 26 degrees API, which
makes this oil virtually identical to the oil produced in the Souedieh Field,
located some 12 kilometres to the northeast. Oil samples from the test have
been submitted for laboratory analysis, but this preliminary assessment is
consistent with the oil recovered from Massive Formation in the KHE-1 well.



After the successful drill-stem test, the Company drilled the KHE-2 to a total
depth of 2,050 metres and completed a wireline logging programme. Independent
wireline log analysis of the Massive reservoir indicates a gross oil column of
some 49 metres with approximately 29 metres of net oil pay, compared with the
lower figures of 31 metres and 22.5 metres respectively seen in the KHE-1 well.



The strong flow-rate from KHE-2 plus the geologic and reservoir information
gained from both the KHE-1 and KHE-2 wells indicate that the Khurbet East
discovery should be highly economic in the context of low development costs,
proximity to production infrastructure and a favourable Production Sharing
Contract in Block 26.



The Chilou Formation



The Tertiary aged Chilou B Formation was also encountered in the KHE-2 well.
This section appears similar to that encountered in the KHE-1 well; however,
preliminary analysis suggests the presence of water and residual or immoveable
oil, or a relatively low permeability reservoir. Consistent with other wells
drilled in the area, the Chilou B is considered to have minor resource potential
compared to both the Cretaceous and Triassic reservoirs at Khurbet East.



Forward Programme



Following the successful results from the KHE-1 and KHE-2 wells, the Company
plans to acquire a 3D seismic survey over Khurbet East commencing in September.
This data will be used to optimize future drilling locations at Khurbet East,
facilitating a strategy to move towards early development and production. In
parallel with this acquisition programme, the Company will commence appraisal of
the Kurrachine Dolomite, and draft the further field appraisal programme and the
initial Development Plan for discussion with its industry and government
partners for implementation at the earliest possible point in time. Finally,
the Company will continue further exploration on the Block following up on the
Khurbet East discovery.



Gulfsands' CEO, John Dorrier, said:



'The test of oil from the Massive formation confirms the excellent flow
potential of this reservoir and the lateral continuity of the reservoir between
the KHE-1 and KHE-2 wells. Greater net oil pay in KHE-2 than KHE-1 indicates a
deeper oil-water contact than previously expected, thereby increasing the
reserves potential in this reservoir. The Company now plans to move rapidly to
commercialize this discovery in cooperation with its partners.'



NB: This release has been approved by Jason Oden, Gulfsands Exploration Manager,
who has a Bachelor of Science degree in Geophysics with 22 years of experience
in petroleum exploration and management and is registered as a Professional
Geophysicist. Mr. Oden has consented to the inclusion of the material in the
form and context in which it appears.

Emerald Energy suspends Khurbet East No 2 well; encounters thicker oil bearing


LONDON (Thomson Financial) - Emerald Energy PLC said it has suspended the Khurbet East No 2 well on Block 26, Syria, but retained the options of further

testing or future production from this location after one of the two formations tested encountered thicker-than-expected oil bearing intervals.

The appraisal well was planned to penetrate the Tertiary Chilou and Cretaceous Massive formations. The Tertiary Chilou formation was found to be mainly water bearing and unlikely to contain hydrocarbon in sufficient quantities to support commercial development.

However, the Cretaceous Massive formation was encountered at 1,931 metres and tested at an average rate of 710 barrels per day.

'No clear oil/water contact was seen on the logs and therefore the thickness of the oil interval may be greater than currently

interpreted,' Emerald said.

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

Gulfsands Petroleum says successfully tested Khurbet East appraisal well
AFX


LONDON (Thomson Financial) - Gulfsands Petroleum PLC said it has successfully drilled and tested the Khurbet East appraisal well in Syria and that it sees the Khurbet East discovery as 'highly economic.'

The oil and gas exploration and production company said an open-hole drill-stem test produced oil to surface at rates up to 1,085 barrels of oil per day.

Gulfsands Petroleum says successfully tested Khurbet East appraisal well
AFX


LONDON (Thomson Financial) - Gulfsands Petroleum PLC said it has successfully drilled and tested the Khurbet East appraisal well in Syria and that it sees the Khurbet East discovery as 'highly economic.'

The oil and gas exploration and production company said an open-hole drill-stem test produced oil to surface at rates up to 1,085 barrels of oil per day.

UK smallcap opening - Gulfsands Petroleum perks up on positive Khurbet update



LONDON (Thomson Financial) - A positive drilling update lifted Gulfsands Petroleum 13-3/4 to 152 after it said it has successfully drilled and tested Khurbet East appraisal well in Syria and that it sees the Khurbet East discovery as highly economic.

The oil and gas exploration and production company said an open-hole drill-stem test produced oil to surface at rates up to 1,085 barrels of oil per day.

From GPX RNS

*the Company will commence appraisal of the Kurrachine Dolomite*

KE1 flowed 478bopd 31degree oil from the Kurrachine


Forward Programme

Following the successful results from the KHE-1 and KHE-2 wells, the Company
plans to acquire a 3D seismic survey over Khurbet East commencing in September.

This data will be used to optimize future drilling locations at Khurbet East,
facilitating a strategy to move towards early development and production.

In parallel with this acquisition programme, the Company will commence appraisal of
the Kurrachine Dolomite, and draft the further field appraisal programme and the
initial Development Plan for discussion with its industry and government
partners for implementation at the earliest possible point in time. Finally,
the Company will continue further exploration on the Block following up on the
Khurbet East discovery.

Gulfsands' CEO, John Dorrier, said:

'The test of oil from the Massive formation confirms the excellent flow
potential of this reservoir and the lateral continuity of the reservoir between
the KHE-1 and KHE-2 wells.

Greater net oil pay in KHE-2 than KHE-1 indicates a deeper oil-water contact
than previously expected, thereby increasing the reserves potential in this reservoir.

The Company now plans to move rapidly to commercialize this discovery

Een s.p. on arun up over 6 months from 120 upwards,is KE going to be a big one,any views.

mbugger

GPX say in excess of 100mil barrels recoverable

Emerald Energy Interim Results


RNS Number:9451B
Emerald Energy PLC
13 August 2007


13 August 2007


EMERALD ENERGY PLC ("EMERALD" OR THE "COMPANY")
ANNOUNCES INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2007


Highlights


* Khurbet East No.2 appraisal well confirms presence of significant volumes of
hydrocarbons in the Khurbet East field in Block 26, Syria


* Emerald elected to enter into first extension of the exploration period in
Block 26, Syria;

* Exploration activities commenced in four new ANH contracts in Colombia;

* Colombian gross production maintained at an average rate of 3,661 bopd
(2006: 3,677 bopd);

* Adjusted EBITDA for the period of $14.4 million (2006: $13.2million), 9%
higher than in the same period last year;

* Profit after tax for the period of $4.1 million (2006: $3.6million), 16%
higher than in the same period last year;

* Cash reserves of $42 million (as at 31 July 2007), following the issue of
convertible bonds in July 2007.


OUTLOOK

In Block 26, Syria, Emerald is focused on further appraisal of the Khurbet East
discovery with the objective of early development and production. Activity on
Khurbet East is planned to continue with the acquisition of a 3D seismic survey
and may include another appraisal well prior to the submission of a commercial
discovery report under the production sharing contract. Electing to enter the
first extension of three years of the exploration period will allow further
exploration within the block, including the area around the Khurbet East
discovery where the acquisition of further seismic information is planned to
mature the leads identified in the same exploration play.

In Colombia, the focus is on the exploration potential of the new ANH licenses
for the Ombu, Maranta and Jacaranda blocks, while maintaining the gross
production from the existing fields. Exploration activity for the remainder of
2007 will concentrate on maturing the high potential prospects and leads within
these blocks, where mean unrisked prospective resources are estimated to be in
excess of 40 million barrels of oil equivalent. The drilling campaign on these
licenses is expected to commence by early 2008. With two of the larger prospects
at shallow depths of between 3,000 and 6,000 feet, the Company looks forward to
a cost-effective exploration drilling programme testing material prospective
resources.

The issue of $30 million senior unsecured convertible bonds in July and the
strong cash flow, generated from its existing production in Colombia, will
permit the Company to execute its current exploration and development plans.

Emerald Energy H1 pretax up; says significant hydrocarbons in Syrian well


LONDON (Thomson Financial) - Emerald Energy PLC reported a rise in pretax
profits for the first-half helped by lower costs and said its Khurbet East No 2
appraisal well in Block 26, Syria, confirms the presence of significant volumes
of hydrocarbons.
The company's pretax profit increased to 8.3 mln usd from a restated 7.7 mln
usd profit in the same period last year, though revenues fell marginally to 20.7
mln usd from 21.3 mln usd.
Emerald Energy said it is focused on further appraisal of the Khurbet East
discovery for early development and production.
Activity on Khurbet East is planned to continue with the acquisition of a 3D
seismic survey and may include another appraisal well prior to the submission of
a commercial discovery report under the production sharing contract, it added.
Emerald Energy said it had cash reserves of 42 mln usd as at July 31.
TFN.newsdesk@thomson.com
apm/faj/slm