Updates

Emerald Energy - Appraisal well completed

August 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares inched higher after Emerald announced the completion to drilling of Vigia 2, the first appraisal well of the Vigia discovery, situated in the Campo Rico block and it is now moving on to test a second appraisal well (Vigia 3). Subject to successful long-term production tests Emerald should be producing oil from the Vigia 1 and 2 wells quite soon. Separately, Emerald is also preparing an application to its Government partner, Ecopetrol, to declare the Campo Rico block commercial. The next scheduled newsflow will be the results from the crucial work-overs of Emerald's second and third Campo Rico wells, which should increase production to over 6,000 barrels of oil per day. Continue ...

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Emerald Energy - Poor operational progress; take profits (February 2006)

Emerald Energy (December 2005)

Emerald Energy - Oil e&p firm eyes strong production growth (November 2005)

Emerald Energy - Completes Campo Rico work-overs (October 2005)

Emerald Energy - On course to reach 5000 barrels per day by end of July (July 2005)

Emerald Energy - Oil production set to increase sharply (June 2005)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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