Emerald Energy Regulatory News (EEN)

19 Oct 2006 07:01

Emerald Energy PLC19 October 2006 Emerald Energy Plc FOR IMMEDIATE RELEASE 19 October 2006 Operations Update - Syria Emerald Energy Plc ("Emerald" or the "Company") is pleased to provide an updateon activities within Block 26, Syria. The Tigris No.1 exploration well is drilling ahead at a depth of 2,280 metreswith a planned total depth of approximately 4,500 metres. The well was spud on10 September 2006 and is estimated to take 90 to 120 days to drill andevaluate. Tigris No.1 is the second of four commitment wells to be drilled during theinitial exploration phase of the contract for Block 26 that ends in August 2007 A programme to acquire an additional 266 kilometres of 2D seismic in Block 26has commenced. Emeralds' Chairman, Alastair Beardsall, said: "We are pleased to be making significant progress with the Tigris No.1 well. Theacquisition of this further seismic will assist in the development of the futuredrilling programme" Emerald holds a 50% interest in Block 26 through its fully owned subsidiary SNGOverseas Ltd. Enquiries: Helen Manning 020 7925 2440 This information is provided by RNS The company news service from the London Stock Exchange