Emerald Energy Regulatory News (EEN)

24 May 2006 07:02

Emerald Energy PLC24 May 2006 Emerald Energy Plc FOR IMMEDIATE RELEASE 24 May 2006 Operations Update - Syria Emerald Energy Plc ("Emerald" or the "Company") would like to provide thefollowing update: The Souedieh North well in Block 26, Syria has been drilled to a depth of 7,298feet. While drilling, the well encountered a series of live oil and gas shows.Wireline logs of the Tertiary reservoir section of the well indicate hydrocarbonbearing zones. The operator is currently preparing to obtain wireline log data over theCretaceous reservoir section in the well after setting an intermediate string ofcasing over the Tertiary section to maintain wellbore stability. Further results from the well should be forthcoming within the next few weeks. Alastair Beardsall, Emerald's Chairman, said: "Initial results of the Souedieh North No.1 well are very encouraging; furtherlogging and testing of the well is required to fully evaluate it." Emerald holds a 50% interest in Block 26 in its 100% subsidiary SNG OverseasLtd. Enquiries: Helen Manning 020 7925 2440 This information is provided by RNS The company news service from the London Stock Exchange