Emerald Energy Plc

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE

6 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.  

The Khurbet East No.4 well, the first well to be drilled in the development phase of the field, has been successfully drilled, completed, and suspended as an oil producer. The well, located 150 metres away from the Khurbet East No.1 well, was drilled to a total depth of approximately 1,935 metres and encountered the top of the Cretaceous Massive reservoir within 3 metres of the expected depth.

Khurbet East No.4 is a vertical well and, as planned, was not flow tested as sufficient information had been obtained in this portion of the field from the previous flow tests in the Khurbet East No. 2 and No.3 appraisal wells. Khurbet East No.4 will be a producer in the first development phase of the field involving the installation of an early production facility, scheduled to commence operation by the fourth quarter of 2008.

The next well in the development phase, Khurbet East No.5 is designed to be the first horizontal well in the field and is expected to commence drilling in the middle of March 2008.  

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

“Completion of this first well in the development phase of the Khurbet East field marks continued progress towards first production, targeted to take place later this year, and builds on the contribution from the Khurbet East No.2 and Khurbet East No.3 wells to the initial production capability of the field.”

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

Enquiries: Lisa Hibberd 020 7925 2440