Emerald Energy Regulatory News (EEN)

25 Oct 2005 07:00

Emerald Energy PLC25 October 2005 Emerald Energy Plc Drilling Report Emerald Energy Plc ("Emerald" or the "Company") is pleased to provide thefollowing update: The Company has drilled Silfide #1 to a measured depth of 5,114 ft. The well hasbeen logged and potential zones capable of producing oil identified. The Ismocoldrilling rig is now running casing after which the Company will prepare to testthe well. The Company is currently producing 4,300 barrels of oil per day from the fieldsthat it operates. Alastair Beardsall, Emerald's Chairman, said: "The preliminary indication fromthe well logs for this 1st well drilled by Emerald on the Fortuna Block is veryencouraging. We are now preparing to test this well and if it demonstratesviable oil production we shall bring the rig back to drill appraisal anddevelopment wells." Enquiries: Helen Manning 020 7925 2440 This information is provided by RNS The company news service from the London Stock Exchange