Emerald Energy Plc
Press Release 2007

Emerald Energy Plc

FOR IMMEDIATE RELEASE

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 the following update on activities in Block 26, Syria.

The 3D seismic acquisition programme in Block 26 has commenced. The equipment and crew have been mobilised to the location and acquisition of seismic data is expected to start within one week.

Approximately 160 square kilometres of 3D seismic data will be acquired over the Khurbet East field to assist in defining the limits of the field and optimising the location of development wells. The data will also progress exploration leads that have been identified on existing 2D seismic data immediately adjacent to the field.

A further 240 square kilometres of 3D seismic data will be acquired in a separate area to the south of the Khurbet East field. This data will progress exploration leads that are similar to the Khurbet East field and were identified previously on existing 2D seismic data, and assist in developing “drill ready” prospects.

The seismic acquisition programme is expected to be completed in January 2008 with 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 the development of the Khurbet East field and maintain the exploration momentum within the block.”

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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