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17 Jun 2008 07:00
Emerald Energy Plc
17 June 2008
Khurbet East Field Update, Block 26, Syria
Emerald Energy Plc ("Emerald" or the "Company") would like to provide the following update on activities in the Khurbet East field in Block 26, Syria.
Khurbet East No.6, the second horizontal development well in the Khurbet East field, has been drilled with a 200 metre horizontal section in the Cretaceous Massive reservoir. The reservoir was encountered at the expected depth and the well was completed and suspended as the fifth production well available for production from the Massive. Well testing operations were not conducted and the productivity of the well will be determined after the commencement of production through the early production facilities.
The installation of the early production facilities to gather the production from the Massive production wells is expected to be completed during the third quarter of 2008.
Emeralds' Chief Executive Officer, Angus MacAskill, said:
"We are pleased to have completed the development drilling for the early production phase of field development and look forward to commencement of production after the installation of the early production facilities."
Emerald holds a 50% interest in Block 26 through its fully owned subsidiary SNG Overseas Ltd.
Enquiries: Lisa Hibberd 020 7925 2440
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