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

Two development wells are planned in the Campo Rico and Vigia fields.

Ecopetrol will participate at their 50% working interest level in the Campo Rico No.5 well.

The Vigia No.5 well will be drilled by Emerald at its sole risk as Ecopetrol elected in July 2007 not to exercise its 50% back-in right to the Vigia field.

The Campo Rico and Vigia wells are planned to commence drilling in the second quarter of 2008.

2008 Forward Plans

The Company plans a capital budget of up to $46 million in Colombia in 2008 which includes the drilling of three exploration wells.


The first of these will be drilled on the Capella prospect in the Ombu block which Emerald estimates may contain over 30 million barrels of unrisked recoverable resources.

The well is planned to be drilled in first half of 2008, followed by a period of testing of up to six months to evaluate various production methods, including steam injection for thermal recovery.

Ombu block
Emerald has a 100% working interest in this block, located in the Caguan Basin. A previous exploration well was drilled on the Capella prospect in 1975, encountering and recovering a total of 213 barrels of oil in the range 11 to 14 API from a number of horizons over a 110 feet section

Final results added to the header post.
http://www.investegate.co.uk/Article.aspx?id=200803170836542212Q
cyril

Looks like the tent slipped it's ropes during the night...we are alright though somebody will haul us back to the ledge where we were camping....usual sp drop on results....big cash pile..little hiccup with production in Colombia but drilling to come there...patience 3 is within our grasp !

Syria is the driving force for this stock,so patience and possibly a top up opportunity?
cyril

I would like to top up...but would have to sell something....

We are now back on the ledge and are resuming the climb !

http://www.investegate.co.uk/Article.aspx?id=200803250710196676Q
60 days to drill KE5 horizontal.
cyril

Emerald Energy Plc


25 March 2008


Khurbet East Field Update, Block 26, Syria


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


Drilling of the Khurbet East No.5, the first horizontal development well in the
Khurbet East field, has commenced. It is designed as a horizontal producer with
a measured depth of approximately 2,900 metres including a 700 metre horizontal
section in the Cretaceous Massive reservoir. The well is expected to take
approximately 60 days to drill and evaluate. It will then be completed and
suspended as an oil producer to commence production after the installation of an
early production facility, scheduled to commence operation by the fourth quarter
of 2008.



Emeralds' Chief Executive Officer, Angus MacAskill, said:


'The drilling of horizontal wells in Khurbet East was indicated in engineering
studies to optimise field development through the higher well productivities and
oil recoveries associated with this technology

Resuming ascent...all's well !

Good weather....making good progress along the ridge....an IEC drop on one side...an WSM on the other...hopefully will come through unscathed !

Looks like we may have a real break out, and not before time imho?
cyril

niceonecyril
If link don't work go to FOGL thread post 315 open link slide10 valuation very interesting

http://www.fogl.com/documents/FalklandOilandGasLimited-CorporatePresentation-2008-03-18.pdf

DFGO if you click on the chain link above the this box you get,
http://www.fogl.com/documents/FalklandOilandGasLimited-CorporationPresentation-2008-03-18.pdf
Thanks most interesting.
cyril

Emerald Energy PLC
07 April 2008


Emerald Energy Plc
7 April 2008

Agerato 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 in Colombia. The
Agerato Contract, in which Emerald has a 100% working interest, covers an area
of 170 sq. km and is located in the Putumayo Basin in south-west Colombia,
approximately 75 km to the south-east of the Company's Maranta exploration &
production contract area.

The initial phase of the exploration period is 12 months and the minimum work
programme comprises the acquisition of 35 km of new 2D seismic data and the
re-processing of 40 km of existing 2D seismic data. Emerald expects the
prospective depths to be relatively shallow, at approximately 7,000 ft. The
second phase of exploration, if entered, would include the drilling of a well.

The Agerato 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 this new contract, building our position
in the prospective Putumayo Basin and increasing our activities under the ANH E&
P Contracts. During the first phase we will acquire and interpret data to
determine the potential for exploration drilling in the area.'

niceonecyril

thanks

I could not understand why my links never work here

We are now approaching the 3 peak now ...difficult hurdle to overcome...unknown mountain territory beyond !

RF, EEN hit 360p on announcement of interest in Block 26, Syria a couple of years ago. This time next month i believe things will get very exciting as we will be
close to results from the horizontal(KE5) presently being drilled, a postive flow rate
from this "production well" will imo see 350/400p quite easily?
cyril

Hope so niceonecyril...if EEN hit 350/400p, I will be over the moon ! cheers !

Through the 300p barrier....!, the climbing expedition is a triumph !