Updates

Emerald Energy

December 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.

Emerald announced that the first exploration well on its Fortuna Block, Silfide 1, has discovered oil after drilling to a depth of 5,114 feet. Emerald is now evaluating various artificial lifting techniques to recover the oil, which we assume to mean that it doesn’t flow well enough naturally. Separately, Emerald announced that its production has increased to 4,800 barrels per day from six wells. Encouraging news on both fronts; continue to hold. * The writer has a shareholding ...

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Metal-Tech - Poised to sign new joint venture

Burren Energy - Three new wells successful

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

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

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

Emerald Energy - Appraisal well completed (August 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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