Emerald Energy Plc

FOR IMMEDIATE RELEASE

25 March 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.  

Drilling of the Khurbet East No.5, the first horizontal development well in the Khurbet East field, has commenced. It is designed as a horizontal producer with a measured depth of approximately 2,900 metres including a 700 metre horizontal section in the Cretaceous Massive reservoir. The well is expected to take approximately 60 days to drill and evaluate. It will then be completed and suspended as an oil producer to commence production after the installation of an early production facility, scheduled to commence operation by the fourth quarter of 2008. 

Emerald's Chief Executive Officer, Angus MacAskill, said:

“The drilling of horizontal wells in Khurbet East was indicated in engineering studies to optimise field development through the higher well productivities and oil recoveries associated with this technology.”

Enquiries: Lisa Hibberd 020 7925 2440

Back to 2008 Press Release Index