Secondary Recommendation

Emerald Energy - Oil e&p firm eyes strong production growth

November 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, which has oil exploration & production interests in Columbia, is quietly developing into a company with realistic pretensions of eventually emulating the success of TMI favourites Burren Energy and Dana Petroleum. In spite of a chequered history, which saw a fire severely curtail its original source of production, Emerald has undergone a remarkable transformation following a management clear-out two years ago. Aided by a rescue financing, the new team has discovered six straight successful wells, which has led to a surge in average daily production from 700 barrels oil per day (bopd) to an expected 6,000 by early next year. Emerald’s main asset is its Campo Rico licence (currently 100% owned, although its ...

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

Emerald Energy (December 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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