Updates

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

July 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.

At its AGM, Emerald Energy stated that it expects its second and third wells from Campo Rico to be adding some 2,000 barrels of oil per day (bopd) to production by July following work-overs to reduce the water content. Also in July, it expects its discovery well at Vigia to start producing at 1,000 bopd while it is currently drilling a second well there which, if successful, should start producing in August. Elsewhere, Emerald plans to drill its first exploration wells in the Fortuna and El Algarrobo blocks later in the year. The shares should benefit from some positive newsflow over the next few months with production set to top 6,000 bopd in July, while Emerald could also update ...

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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 - Appraisal well completed (August 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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