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

Emerald Energy says Colombia FY output falls UPDATE




(Adds 2008 drilling plans)
LONDON (Thomson Financial) - Emerald Energy PLC reported reduced production
from its oil fields in Colombia following equipment repairs.
Gross output fell to 3,456 barrels per day in 2007 from 3,673 barrels in the
previous year, with volumes in the second half declining to 3,255 barrels per
day from 3,661 barrels in the first half.
"Production in the second half of 2007 was reduced due to the electrical
submersible pump (ESP) in the Gigante-1A well needing replacement on two
occasions," Emerald said in a trading statement.
The well, which normally pumps around 950 barrels a day, did not contribute
to production for seven weeks. The ESP required replacement again in February,
it said, adding the well has now resumed production.
The Totumal-1 well, meanwhile, started production at an initial rate of
around 40 barrels a day, it said.
Emerald said capital spending in Colombia this year will reach 46 mln usd,
part of which will finance the drilling of three exploration wells.
Planned spending for the year, including its 50 pct share of the Gigante-2
drilling costs, will come from the company's own financial resources and cash,
it said.
In the first half of 2008, the group plans to drill the Capella prospect in
the Ombu block which it believes contains over 30 mln barrels of recoverable
resources.
In the second half, it hopes to spud more wells in the Maranta and Jacaranda
fields which it thinks hold recoverable resources of 5-15 mln barrels and 10 mln
barrels, respectively.
Emerald added it is looking for potential partners for the Gigante-2
project. Drilling of the hole will begin either late-2008 or early 2009.
Gigante-2 is targeting two reservoirs -- Tetuan and Caballos. Emerald
believes it could recover 4 mln barrels from Tetuan, while noting that
prospective resources at Caballos are around 10-20 mln barrels.
At 8.09 am, Emerald Energy shares were off 1.4 pct at 209-1/2 pence

niceonecyril
good mornning


can you put the following PDF links 2007/2008 in the header please only the last one available from website now

they give a lot of information about Emeralds 50% interest in Block 26 Syria and well worth looking at


http://www.gulfsands.net/i/pdf/Presentation-20070518.pdf

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

http://www.gulfsands.net/i/pdf/2007-09-11_Presentation.pdf

http://www.gulfsands.net/i/pdf/20071023_Khurbet_East_Presentation.pdf

http://www.gulfsands.net/i/pdf/20071024_CorpPresentation.pdf

http://www.gulfsands.net/i/pdf/CorpPres-Feb08.pdf

niceonecyril
good mornning.
thank you putting presentation in header.
the presentation 2007/09/11 = 11/09/07 can you put 23/10/07 and 24/10/07 in
also please.

DFGO, good morning.I put the links you asked for, some however it just direct you back to their website, and is why i left them off.
cyril

Nice thread Cyril.

Why thank you kiwi7, here's the latest update which i shall also add in the header.
http://www.emeraldenergy.com/documents/20080220EENUpdate.pdf
cyril

http://www.321.energy.com/editorials/dancy/dancy022308.html
Interesting reading.
Not sure if the correct site is coming up? so it mignt need typing in manually?
cyril

Euhh, I think we are heading for base camp, before the assault on the 3 peak, or perhaps we are not even going to pitch the tent !

It will be interesting to see if those who have been shorting this stock will let go?
News is due on K4 in just over 2 weeks, so things might hot up?
cyril

We seem to have broken the 250p barrier, lets hope we can hold and
consolidate?
cyril

If there are people shorting this niceone cyril : they must be bonkers !

RF i used to think that, but i turns out its not straight forward when convertable
loans are involved. Very happy with todays SP which at 248p is its best in many a long day.
RF hope your happy with CDN?
cyril

Been in EEN for years now, at the moment no intention of selling, staying put until at least production in Syria, as far as CDN : thanks for the tip (Tom Winnifriths) (I hope that's the way his name is spelt) is tipping it as well; I took some profits a short while ago (I know I should have stayed put) and bought some NOP (Northern Petroleum with the profits), and that's starting to rise as well; I just can't buy them all!

Looks like we are setting up basecamp !

Chavez has sent troops to the border with Colombia, hope this will not affect EEN, could send Oil even higher though !

Reduced my holdings this am as i'm a little worried about the market.
Some hope here?
http://www.ameinfo.com/77555.html
cyril

22p rise today and more to come still playing catchup with GPX

GPX shares in issue 111.09mil Market cap 195mil
EEN shares in issue 59,59mil Market cap 153.15mil Colombia Assets eqiv to GPX
Mexico Assets and Block 26 Syria 50% share each

22p rise today and more to come still playing catchup with GPX

GPX shares in issue 111.09mil Market cap 195mil
EEN shares in issue 59,59mil Market cap 153.15mil Colombia Assets eqiv to GPX
Mexico Assets and Block 26 Syria 50% share each

niceonecyril

KE#4 well News due around about 14th March

Not the time to reduce holdings in oil companies niceonecyril !