Primary Recommendation

Emerald Energy - Oil production set to increase sharply

June 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 Energy, an oil exploration and production company with interests in Colombia, has undergone a remarkable transformation from a small company whose survival was in question to one which some analysts believe is showing similar growth characteristics to an early stage Burren Energy. Emerald's production has soared by more than four-fold to over 3,000 barrels of oil per day (bopd) since 2003 and thanks to several recent discoveries, this figure is expected to double again by the end of this year before closing towards 10,000 in 2006. This helped the shares rise from 52p early last year to 230p in February, before soggy markets caused a retrace. However, the current price represents an attractive entr ...

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