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

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 !

Here's the news a bit earlier than expected (no testing), a horizontal well next.
http://www.investegate.co.uk/Article.aspx?id=20080306070200H8472
RF true,i'm quite happy with my holdings in EEN,it was a wider market that i worried about?
cyril

EEN's RNS, "1st Production later in the year" from this field.
http://www.investegate.co.uk/Article.aspx?id=200803060700484715P
I will add this to the header post.
cyril

We have now left base camp !

up another 9.75p today plus 22p yesterday = 31.75p in 2 days

posted twice

The Khurbet East No.4 well, the first well to be drilled in the development
phase of the field, has been successfully drilled, completed, and suspended as
an oil producer.

Khurbet East No.4 will be a producer in the first development phase of the field
involving the installation of an early production facility, scheduled to commence operation by the fourth quarter of 2008.


The well, located 150 metres away from the Khurbet East No.1
well, was drilled to a total depth of approximately 1,935 metres and encountered
the top of the Cretaceous Massive reservoir within 3 metres of the expected
depth.