Emerald Energy Plc

FOR IMMEDIATE RELEASE

Emerald Energy Plc

19 February 2007

Drilling Update: Khurbet East No.1, Block 26, Syria

Emerald Energy Plc (“Emerald” or the “Company”) would like to provide the following update on activities in Block 26, Syria.

The Khurbet East No.1 exploration well has been spud by the Crosco 602 rig. The Khurbet East prospect is a fault-bound structural culmination, with closure mapped at several potential reservoir levels including Cretaceous, Triassic and Palaeozoic ages. The Block 26 partners have exploration rights in all reservoir levels in this prospect.

The Khurbet East prospect is located approximately 12 kilometres southwest of the Souedieh Oil Field and 12 kilometres south of the Roumelan Oil Field.

The total drilling depth of the Khurbet East No.1 well is expected to be 3,700 meters and will require approximately 100 days to drill and evaluate.

The fourth commitment well in the block is planned to be drilled by the MB3 drilling rig when it returns from drilling wells for the rig-share partner. The rig is expected to return around July 2007.

Emeralds’ Chief Executive Officer, Angus MacAskill, said:

“We are pleased to be progressing with the exploration activity in Block 26 and look forward to the outcome of the Khurbet East No.1 exploration well.”

Emerald holds a 50% interest in Block 26 through its fully owned subsidiary SNG Overseas Ltd.

Enquiries: Helen Manning 020 7925 2440