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
05 October 2005


Emerald Energy Plc

Operations Update

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

The Company has contracted Ismocol, a Colombian drilling contractor, to drill
its exploration well, Silfide No.1, to a depth of approximately 5,000 ft in the
Fortuna Block in the Middle Magdalena Valley, Colombia. The rig is currently
being mobilized and plans to spud the well on 7 October 2005. The Silfide No.1
exploration well will target the, as yet un-drilled, Lisama sands.

It had previously been announced that Silfide No.1 was to be drilled by Saxon's
Rig No. 222. However the increased activity in the worldwide rig market has
driven rig day rates to a level where the operational advantages of using an
existing contractor's rig did not compensate for the additional costs of using
an over sized rig to drill to the relatively shallow depths for the proposed
well. Under the contract with Ismocol the rig day rate and mobilization charges
are substantially less that those proposed by Saxon.

The Company is currently producing in excess of 4,300 barrels of oil per day
from 5 of its 7 production wells; the remaining 2 wells will be put on
production as the construction of enlarged surface production facilites is
completed.

Alastair Beardsall, Emerald's Chairman, said: 'Silfide No.1 is the 1st
exploration well to be drilled into the Lisama sands on the Fortuna block and
will fulfill this years drilling commitment under the Fortuna Association
Contract.'

Please note the Company's web site at
www.emeraldenergy.com
has been updated
with a copy of the new IFRS accounting policies and the presentation 'Interim
Results to 30 June 2005 & Operation Update'.

Enquiries: Helen Manning 020 7925 2440

05 October 2005

The Presentation pdf shows
All wells planed for 2006, also each field graph of oil reserves,
production graph from Q1 2004 793bopd to Q3 2005 3,611bopd daily average,
Campo Rico Field 2,800bopd
Giante#1 725bopd
Vigia#1 700bopd on reduced rate due to constructing surface facilities for greater
prodution rates, Vigia#2#3 ready for production and will be put on production when facilities completed.
Also 5 new prospects in the Campo Rico block,

http://www.emeraldenergy.com/docs/2005-Interim-Results-Presentation.pdf

the link not working go to www.emeraldenergy.com
under the Emerald Energy logo click Investers Presentation

have you read Alastair Beardsall Chairman & CEO, of EMERALD ENERGY presentation pdf http://www.emeraldenergy.com/docs/2005-Interim-Results-Presentation.pdf

It's all there

LLANOS AREA ASSETS
Campo Rico Block.
A.Campo Rico field.
B.Vigia field
C.5 Exploration prospects.

Algarrobo block.
Agueda prospect.

TEA's
Mantecal.
Altamira.
Las Brisas.
Cachama.

Campo Rico Field.
A.3 wells drilled and on production.
B.2p Reserves 5.3 mmbbl.
C.3p Reserves 8.5 mmbl.
D.3d seismic survey of 172 km2 being acquired to evaluate new well locations

VIGIA FIELD.
A.Vigia Field 3 production wells drilled.
B.Vigia#1 producing at 700bopd.
C.Vigia#2#3 Ready for production.
D.Constructing surface facilities for greater production rates.
E.Reserves are being independently Evaluated (pre-drill estimate 11 million
barrels
F Further wells planned after 3D seismic survey has been acquired and interpreted.

Matambo Assoc Contract.
A.Giante#1 Currently producing 725bopd.
B.Giante#2 well is being planned for the future.
C.Fram-Out proposal being prepared to share costs($15-$20m)of Seismic acquisition program and Giante#2 drilling costs.
D.2p Reserves 8.0 mmbbl.
E. 3p Reserves 18.2 mmbbl

EL ALGARROBO
Plan to spud Agueda#1 Q1 2006

Fortuna Assoc Contract
A.Silfide#1 Exploration well to Lisama,to Drill in Q4 2005. (Already Spudded)
B.Drill Silfide#2#3 if well #1 successful
C Planning La Luna Horizontal well in 2006.

Recoverable resources as at 31 December 2004 p+p+p/Potential 75.7 mmbbl.

EXIT 2005 (December)target gross production in excess of 5,000.

And lots more.
the link do not work go to www.emeraldenergy.com under the Emerald Energy
logo click Investers Presentation it's a very good read

Emerald are currently producing over 4,300bopd.

DFGO - I have rad all you refer to and I am puzzled as to why EEN has not performed better - I would reckon an SP of just over 200p was more appropriate. So I guess the wider market carries sentiment that there may still be historical gremlins in the company - although I cannot see any since its rebirth and the management seem excellent.

One niggle is that deal in the ex-soviet territory (forget where) that was never consummated - is that still alive, waiting resolution of the JV partner's capital re-structuring, or is it now buried. My tidy mind (lol!) rather hopes for the latter, since it was a distraction for me.

sd

stockdog

no mention of KGP deal in the presentation,and no RNS to say not still on but we
should soon know one way or other, because it was put back until late December
due to the restructuring, and would need share holder agreement before EEN can
go ahead if deal still on,so a EGM will have to be announced.

DFGO - welcome your (and others') views whether KPG deal good idea or should be allowed to die a quiet death. I like the purity of concentration on Colombia, esepcially if EEN can take advantage of recent T&A concessions being freed up from the likes of Repsol etc (see CHP thread for more details) - is that in the offing do we think?

sd

Copied from moneyam competitor

I hope no one has already posted this from Saturdays MI:-

Emerald Energy - Oil e&p firm eyes strong production growth
(Momentum Investor) Emerald Energy, which has oil exploration & production interests in Columbia, is quietly developing into a company with realistic pretensions of eventually emulating the success of TMI favourites Burren Energy and Dana Petroleum. In spite of a chequered history, which saw a fire severely curtail its original source of production, Emerald has undergone a remarkable transformation following a management clear-out two years ago. Aided by a rescue financing, the new team has discovered six straight successful wells, which has led to a surge in average daily production from 700 barrels oil per day (bopd) to an expected 6,000 by early next year.

Emeralds main asset is its Campo Rico licence (currently 100% owned, although its government partner, Ecopatrol, has the right to take a 50% working interest), which is situated in the highly productive Lllanos Basin, an area covering 503 km, East of the Columbian capital, Bogota. From its very first attempt in March last year, Emerald discovered commercial quantities of oil and with two follow-on appraisal wells also proving successful, production at this field has already reached 2,800 bopd, which is underpinned by proven and probable reserves of 5.3 million barrels.

However, what made investors really sit up and take notice was the discovery of a second field, Vigia, which is situated 11 km east of the original Campo Rico field. Again, Emerald enjoyed success with two further appraisal wells, which means that once new production facilities are built by the end of this year, Vigias three wells should be pumping out nearly 3,000 bopd, taking group production towards the 6,000 bopd mark. At that point, Emerald is also likely to update investors with a very positive reserves report on Vigia, with pre-drill estimates indicating that it holds 11 million barrels.

Emeralds operational health is mirrored by its strong financial position, with net cash standing at US$17m, while its broker Evolution is forecasting pretax profit to quadruple to US$9.2m this year, before rising again to US$12.3m in 2006. These funds will be invested in an active drilling program over the next 18 months including two further development wells at Campo Rico and Vigia and at least three exploration wells. The most exciting is its Fortuna Association contract in the Middle Magdalena Basin, an area just to the North of three producing fields, which holds potential reserves of up to 30 million barrels in relatively shallow waters, which keeps drilling costs quite low. The first exploration well, Silfide 1, a 10 million barrel prospect costing US$1.6m, is due to be spudded imminently.

Emerald will be more forthcoming on other potential exploration targets once it has acquired and interpreted data from a 3D seismic survey, but suffice to say that it has plenty of irons in the fire. One sign of its increasing ambition is its drawn out attempt to acquire a 25% interest in Russian oil firm JSC Krasnoyarskgasprom (KGP), in return for 12 million Emerald shares. KGP holds interests in Eastern Siberia, with Russian classified reserves of 100m barrels of oil and 2.8 trillion cubic feet of gas, which suggests that if Emerald succeeds, this would go down as one of the deals of the century. However, with AIM-listed oil firm Sibir Energy claiming that its assets were stolen by Roman Abramovics former oil company, Sibneft, Emerald may baulk at the risks of doing business in that part of the world.

With the downside protected by its sharply rising production profile and its upside potential underpinned by its extensive exploration prospects, Emerald could prove to be a star performer over the next two years. Buy.

RNS Number:0971T
Emerald Energy PLC
25 October 2005


Emerald Energy Plc

Drilling Report


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

The Company has drilled Silfide #1 to a measured depth of 5,114 ft. The well has
been logged and potential zones capable of producing oil identified. The Ismocol
drilling rig is now running casing after which the Company will prepare to test
the well.

The Company is currently producing 4,300 barrels of oil per day from the fields
that it operates.

Alastair Beardsall, Emerald's Chairman, said: "The preliminary indication from
the well logs for this 1st well drilled by Emerald on the Fortuna Block is very
encouraging. We are now preparing to test this well and if it demonstrates
viable oil production we shall bring the rig back to drill appraisal and
development wells."


Enquiries: Helen Manning 020 7925 2440



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

CATEGORY: SMALL CAPS NEWS SECTOR: OIL & GAS
Emerald encouraged by Fortuna well
Tue 25 Oct 2005

EEN - Emerald Energy

Latest Prices
Name Price %
Emerald Energy 181.00p +3.72%

FTSE Fledgling 3,398 0.00%
Oil & Gas 7,025 -0.70%

LONDON (SHARECAST) - Buyers piled into Emerald Energy today after the oil explorer said results from drilling at its first well on the Fortuna block in Colombia are very encouraging.

The preliminary indication from the well logs for this 1st well drilled by Emerald on the Fortuna Block is very encouraging, said chairman Alastair Beardsall.

We are now preparing to test this well and if it demonstrates viable oil production we shall bring the rig back to drill appraisal and development wells.

The company said it is currently producing 4,300 barrels of oil per day from the fields that it operates.

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=560539

Emerald Energy

Production June 2004 700bopd, now producing 4,800bopd and a 100% strike rate seven wells from seven drilled since beginning 2004

Emerald Energy PLC
08 November 2005


Emerald Energy Plc

Operations Update

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

Emeralds first exploration well on the Fortuna block, Silfide #1, has been
drilled to a total depth of 5,114ft and 12ft of net pay identified in the Umir
formation using wireline logs. The well has been cased and a production test has
recovered 38 barrels of 16.2 API gravity oil during swabbing operations, an
artificial lifting technique. The test string has been replaced with a
completion string and the rig is being released. The Company is now evaluating
various artificial lift methods to determine the best one for the well.

The planned expansion of production facilites at Vigia field is progressing and
sufficient capacity is now available to produce both Vigia #1 and #3. Vigia #2
will be tested and put on production when gathering and separation capacity is
available. The Company is now producing oil from 6 wells at a combined rate of
4,800 bopd.

Alastair Beardsall, Emerald's Chairman, said: 'The recovery of oil from Silfide
is encouraging, we are now evaluating the use of artificial lift to develop the
Silfide field.'


Enquiries: Helen Manning 020 7925 2440

Why don't we just agree to use one thread - it's not exactly overburdened with new or informative posts - I'm sick of reading the same post on all three threads.

I nominate the one simply called Emerald Energy- this is the one.

sd

Just a few facts about EMERALD ENERGY

Emerald have added the Silfide Field since the presentation and increased producion to 4,800bopd, And Alastair Beardsall, Emerald's Chairman, said: "The recovery of oil from Silfide is encouraging, we are now evaluating the use of artificial lift to develop the Silfide field."


Alastair Beardsall Chairman & CEO, of EMERALD ENERGY presentation pdf http://www.emeraldenergy.com/docs/2005-Interim-Results-Presentation.pdf

It's all there

LLANOS AREA ASSETS
Campo Rico Block.
A.Campo Rico field.
B.Vigia field
C.5 Exploration prospects.

Algarrobo block.
Agueda prospect.

TEA's
Mantecal.
Altamira.
Las Brisas.
Cachama.

Campo Rico Field.
A.3 wells drilled and on production.
B.2p Reserves 5.3 mmbbl.
C.3p Reserves 8.5 mmbl.
D.3d seismic survey of 172 km2 being acquired to evaluate new well locations

VIGIA FIELD.
A.Vigia Field 3 production wells drilled.
B.Vigia#1 producing at 700bopd.
C.Vigia#2#3 Ready for production.
D.Constructing surface facilities for greater production rates.
E.Reserves are being independently Evaluated (pre-drill estimate 11 million
barrels
F Further wells planned after 3D seismic survey has been acquired and interpreted.

Matambo Assoc Contract.
A.Giante#1 Currently producing 725bopd.
B.Giante#2 well is being planned for the future.
C.Fram-Out proposal being prepared to share costs($15-$20m)of Seismic acquisition program and Giante#2 drilling costs.
D.2p Reserves 8.0 mmbbl.
E. 3p Reserves 18.2 mmbbl

EL ALGARROBO
Plan to spud Agueda#1 Q1 2006

Fortuna Assoc Contract
A.Silfide#1 Exploration well to Lisama,to Drill in Q4 2005. (Already Spudded)
B.Drill Silfide#2#3 if well #1 successful
C Planning La Luna Horizontal well in 2006.

Recoverable resources as at 31 December 2004 p+p+p/Potential 75.7 mmbbl.

EXIT 2005 (December)target gross production in excess of 5,000.

And lots more.

If the link does not work go to www.emeraldenergy.com under the Emerald Energy
logo click Investers Presentation it's a very good read

Operations Update

RNS Number:7670T
Emerald Energy PLC
08 November 2005


Emerald Energy Plc

Operations Update

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

Emeralds first exploration well on the Fortuna block, Silfide #1, has been
drilled to a total depth of 5,114ft and 12ft of net pay identified in the Umir
formation using wireline logs. The well has been cased and a production test has
recovered 38 barrels of 16.2 API gravity oil during swabbing operations, an
artificial lifting technique. The test string has been replaced with a
completion string and the rig is being released. The Company is now evaluating
various artificial lift methods to determine the best one for the well.

The planned expansion of production facilites at Vigia field is progressing and
sufficient capacity is now available to produce both Vigia #1 and #3. Vigia #2
will be tested and put on production when gathering and separation capacity is
available. The Company is now producing oil from 6 wells at a combined rate of
4,800 bopd.

Alastair Beardsall, Emerald's Chairman, said: "The recovery of oil from Silfide
is encouraging, we are now evaluating the use of artificial lift to develop the
Silfide field."


Enquiries: Helen Manning 020 7925 2440

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Ememerald currently producing oil at combined rate of 4800bopd.

Emerald combined rate will be in excess of 6,400bopd by year end, not Average daily rate.

Giante#1 725bopd
Campo Rico 3,600bopd
Vigia 2,100bopd

Viga#1 well depth 11120ft, Found oil in Une Sands 440 free flow also Gacheta Sand 260bopd free flow.

Vigia#3 11070ft.

Vigia#2 appraisal well was drilled from the Vigia #1 well location and deviated to enter the target oil reservoirs almost 3000 ft to the southwest. The well was drilled to a total depth of 11,680 ft.


The Gacheta Sands Reservoir appears to be in excess of 600ft deep at Vigia #2

But as always do your own research.

Acquisition of 50% of SNG Overseas and Placing announced.

cannot see this is bad news other than the discount to the placing whioch always happens expect recovery of this tomorrow

stockdog

Russian deal aborted, the aquisition very interesting.

Acquisition and Placing

RNS Number:1013U
Emerald Energy PLC
14 November 2005





NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE
UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF IRELAND OR
THE REPUBLIC OF SOUTH AFRICA



EMERALD ENERGY PLC

("Emerald" or the "Company")



Acquisition of 50 per cent. participating interest in Block 26 in Syria
(the "Acquisition")
and
placing of 5,090,000 new ordinary shares of 10p each in the capital
of the Company (the "Placing Shares") at a price of 158p per Placing Share
(the "Placing") raising approximately #8.0 million



Highlights


* Acquisition of 50 per cent. participating interest in the Contract for
the Exploration, Development and Production of Petroleum covering Block 26 in
Syria (the "Block 26 EDP Contract")


* Total consideration for the Acquisition is US$16.9 million, comprised of
US$7.3 million payable in cash on completion and the issuance of 3.5 million
new ordinary shares after 18 months


* A placing of 5,090,000 Placing Shares raising approximately US$13.1
million (net of expenses) to fund the Acquisition and related working capital
requirements of approximately US$5.8 million


* Admission expected to become effective and dealings in the Placing
Shares to commence on 17 November 2005 (the "Admission")


Introduction


Emerald announces that it has entered into a Share Purchase Agreement with
Soyuzneftegas Limited (the "Vendor") to acquire the entire issued share capital
of SNG Overseas Limited ("SNGO"), a special purpose investment vehicle used by
the Vendor to hold and fund its participating interest in the Block 26 EDP
Contract, for a total consideration of approximately US$16.9 million. The
consideration payable comprises:


* a cash payment of US$7.3 million, payable on completion of the transaction,
for the entire issued share capital of SNGO and to settle the
outstanding shareholder loan granted to SNGO by the Vendor; and


* 3.5 million new ordinary shares of 10p each in the capital of the Company to
the Vendor on 18 May 2007, the date falling eighteen months
after completion of the Acquisition, these shares being worth approximately
US$9.6 million at the Placing price.


The gross assets of SNGO, which total approximately US$7.3 million, consist
solely of the investment in the Block 26 EDP Contract; this investment has been
funded by a shareholder loan granted to SNGO by the Vendor. As SNGO is a special
purpose investment vehicle, there are no profits or losses attributable to it.





The Placing


Emerald is raising approximately #7.5 million, net of expenses, (approximately
US$13.1 million at the dollar/sterling exchange rate of 1.7405) through the
placing of 5,090,000 new ordinary shares at 158 pence per share. The net
proceeds of the Placing will be used to fund the US$7.3 million cash
consideration to purchase SNGO and to fund the Company's working capital
requirements in respect to its obligations pursuant to the Block 26 EDP
Contract. Evolution Securities Limited is acting as financial adviser to the
Acquisition and as sole book runner, co-lead manager and underwriter to the
Placing. Haywood Securities (UK) Ltd is acting as co-lead manager to the
Placing.


Application has been made to the UK Listing Authority and to the London Stock
Exchange for the Placing Shares to be admitted to the Official List and to
trading on the London Stock Exchange's market for listed securities
respectively. Admission is expected to become effective and dealings in the
Placing Shares are expected to commence on 17 November 2005.



Information on Block 26


Block 26 covers an area of approximately 11,000 sq km and surrounds existing
discovered oil fields that currently produce over 85,000 bopd. The 20-26 degrees
API gravity crude oil with a high sulphur content that is produced from the
Cretaceous limestone reservoirs in these fields is processed and then
transported through the existing pipeline infrastructure either for domestic
consumption or for export.


Besides the Cretaceous, particularly in the deeper Palaeozoic horizons, there is
further hydrocarbon potential. Several wells have been drilled on Block 26 to
the Palaeozoic, some with indications of hydrocarbon presence, but no commercial
discovery. The leads and prospects currently mapped in the Palaeozoic are larger
than those mapped in the Cretaceous and they are the focus of current technical
studies in the lead up to the drilling campaign.


The rights under the Block 26 EDP Contract include rights under the discovered
fields within Block 26 and undivided rights elsewhere within the block. The
Block 26 EDP Contract also conveys rights of access to and use of existing
production and transportation infrastructure. Block 26 is operated by Gulfsands
Petroleum Plc ("Gulfsands"), an AIM listed company, who, following the
completion of the Acquisition, will continue to own a 50 per cent. participating
interest in the Block 26 EDP Contract. The Government of the Syrian Arab
Republic and the Syrian Petroleum Company are also parties to the Block 26 EDP
Contract.


In the event of commercial discovery, a Syrian operating company is to be formed
to conduct and oversee development and production. The operating company would
be owned as to 50% by the Contractor (defined as the owners of the participating
interest in the Block 26 EDP Contract), and 50% by Syrian Petroleum Company.
Under the terms of the Block 26 EDP Contract, commercial oil production is
allocated first to satisfy the 12.5% royalty, part of the remaining production
is used for cost recovery of the Contractor's investment and the remaining
surplus is shared between the Contractor and Syrian Petroleum Company in various
proportions according to the level of production. If commercial production does
not occur within four years of the discovery with respect to oil, or seven years
with respect to gas, then the development area is to be surrendered.


Under the terms of the Block 26 EDP Contract, the minimum work programme for the
initial phase that must be completed by August 2007 includes the reprocessing of
existing seismic data, the acquisition of at least 500 km of new seismic data
and the drilling of four wells, two of which have to be drilled to test
Palaeozoic reservoirs. Gulfsands is currently acquiring 1,170 km of 2D seismic
and planning the drilling of at least two exploration wells in 2006.


Benefits of the Acquisition


* Emerald has entered into a new geographic area with a partner already
established in country.


* Emerald has gained participation in a block with 27 leads and
prospects at an attractive cost.


* The exploration programme for Block 26 is already underway.


* The risk/reward profile for exploration in Block 26 is similar to that
successfully pursued by Emerald in Colombia.


* Gulfsands, Emerald's partner in Block 26, is an experienced operator.


Update on existing operations and interests


* Colombia


The expansion of production facilities at Vigia is progressing and the Company
continues to produce from 6 wells a gross volume of 4,800 bopd. The Company is
advancing preparations for its 2006 drilling programme and other capital
projects to enhance its operations in Colombia. The Company has recently
announced its third exploration discovery at Silfide #1 and is evaluating
various artificial lifting methods to place this well on test production.


* Russia


On 11 November 2004, the Company announced that it had entered into a
conditional Sale and Purchase Agreement with Star Capital Research Limited to
acquire a 25 per cent. interest in JSC Krasnoyarskgazprom (the
"Krasnoyarskgazprom Agreement"). Subsequently, on 9 March 2005 the Company
announced that it had extended the longstop date for completion to 31 December
2005. However, as the Company has been unable to satisfy itself with regard to
the security of title to the said 25 per cent. interest in the licences
previously announced to be held by JSC Krasnoyarskgazprom, the
Krasnoyarskgazprom Agreement has been terminated.



Commenting on the Acquisition and Placing, Chairman and Chief Executive,
Alastair Beardsall, said:


"The acquisition of 50 per cent. of Block 26 provides Emerald with access to a
portfolio of exploration opportunities to be developed in partnership with
Gulfsands, an experienced E&P operator. A seismic programme to acquire 1,170 km
of 2D data is underway and plans are well advanced to drill two exploration
wells next year. We look forward to being able to deliver value to our
shareholders whilst working with Gulfsands on this exciting project."


Presentation on the Acquisition and Placing


A copy of the presentation entitled "An acquisition for growth" used for the
Placing has been placed on the Company's web site at www.emeraldenergy.com.



14 November 2005



Enquiries:


Emerald Energy plc:


Helen Manning: 020 7925 2440


Evolution Securities Limited:


Chris Sim

Gina Gibson: 020 7071 4300


Haywood Securities (UK) Ltd:


Simon Catt, Investment Adviser, Institutional Sales & Trading: 020 7031 8000



This announcement does not constitute, or form part of, an offer or solicitation
of an offer, to purchase or subscribe for, underwrite or otherwise acquire, any
rights, shares or other securities. Members of the general public are not
eligible to take part in the securities offering. The securities are not and
will not be offered other than to persons who trade or invest in securities in
the conduct of their profession or trade (which includes banks, securities
intermediaries (including dealers and brokers), insurance companies, pension
funds, other institutional investors and commercial enterprises which as an
ancillary activity regularly invest in securities). In the United Kingdom this
announcement is directed exclusively at (a) persons who have professional
experience in matters relating to investments who fall within article 19(5)
(investment professionals) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005) ("the Order") or (b) are persons falling
within article 49(2)(a) to (d) (high net worth companies, unincorporated
associations etc) of the Order or (c) other persons to whom it may be lawfully
directed (all such persons together being referred to as "Relevant Persons").
This announcement must not be acted on or relied on by persons who are not
Relevant Persons. Any investment or investment activity to which this
communication relates is available only to Relevant Persons and will be engaged
in only with Relevant Persons.


The information contained in this announcement is not an offer of securities for
sale or a solicitation of an offer to purchase securities in the United States.
The securities have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended (the "Securities Act"), or with any
securities regulatory authority of any state or other jurisdiction of the United
States and may not be offered, sold or delivered within the United States or to
US persons (as defined in Regulation S) except pursuant to an exemption from, or
in a transaction not subject to, the registration requirements of the Securities
Act and applicable state securities laws.

A few questions:

1) Why would SNG want to sell a good prospect? (not a loaded question, just plain asking)

2) What were two simultaneous 220,000 buys and then two of 10,000 each doing at 174.5 - 177p doing ahead of the announcement? Did they know in advance? Why didn't they wait till after the anonouncment?

3) Is this a good deal for EEN? I acknowledge it is probably essential for them to diversify outside Colombia sooner rather than later. Any idea of reserves estimated to lie in Block 26?

Any info/views from EEN-watchers would be appreciated as too busy earning a crust currently to DMOR.

Thanks.

sd

Go to the website and read the presentation

http://www.emeraldenergy.com/docs/Presentation-2005-Nov-Aquisition4Growth.pdf

Article worth reading on oilbarrel.com re Emerald/Syria

What is it about this stock today - buys outnumbering sells by about 20:1 and the price moves up 1.5 points

Can anyone shed any light?

Thanks