Emerald Energy Regulatory News (EEN)

5 Nov 2007 07:01

Emerald Energy PLC05 November 2007 Emerald Energy Plc 5 November 2007 Commencement of 3D Seismic Operations, Block 26, Syria Emerald Energy Plc ("Emerald" or the "Company") would like to provide thefollowing update on activities in Block 26, Syria. The 3D seismic acquisition programme in Block 26 has commenced. The equipmentand crew have been mobilised to the location and acquisition of seismic data isexpected to start within one week. Approximately 160 square kilometres of 3D seismic data will be acquired over theKhurbet East field to assist in defining the limits of the field and optimisingthe location of development wells. The data will also progress exploration leadsthat have been identified on existing 2D seismic data immediately adjacent tothe field. A further 240 square kilometres of 3D seismic data will be acquired in aseparate area to the south of the Khurbet East field. This data will progressexploration leads that are similar to the Khurbet East field and were identifiedpreviously on existing 2D seismic data, and assist in developing "drill ready"prospects. The seismic acquisition programme is expected to be completed in January 2008with processing and interpretation following during the first half of 2008. Emeralds' Chief Executive Officer, Angus MacAskill, said: "The acquisition of the 3D seismic data will provide key information for thedevelopment of the Khurbet East field and maintain the exploration momentumwithin the block." Emerald holds a 50% interest in Block 26 through its fully owned subsidiary SNGOverseas Ltd. Enquiries: Lisa Hibberd 020 7925 2440 This information is provided by RNS The company news service from the London Stock Exchange