Emerald Energy Regulatory News (EEN)

26 Apr 2006 07:01

Emerald Energy PLC26 April 2006 Emerald Energy Plc FOR IMMEDIATE RELEASE 26 April 2006 Operations Update - Syria Emerald Energy Plc ("Emerald" or the "Company") would like to provide thefollowing update: Drilling of the Souedieh North No.1 exploration well has commenced. Thisvertical well will be drilled to an approximate total depth of 2,260 metres withthe primary objective being Cretaceous reservoirs similar to those producing inthe adjacent Souedieh and Karachok oil fields. The drilling and logging of thiswell should be completed within the next 30 days. Emerald holds a 50% working interest in the contract for exploration andproduction for Block 26, Syria, through SNG Overseas Ltd, a 100% ownedsubsidiary. The operator of Block 26 and holder of the remaining 50% isGulfsands Petroleum Plc. Alastair Beardsall, Emerald's Chairman, said: "Souedieh North No.1 is the first of several exploration wells planned to bedrilled before August 2007 and marks the start of an exciting Block 26exploration drilling campaign." Enquiries: Helen Manning 020 7925 2440 This information is provided by RNS The company news service from the London Stock Exchange