25th Mar 2008 07:10
Emerald Energy PLC25 March 2008 Emerald Energy Plc 25 March 2008 Khurbet East Field Update, Block 26, Syria Emerald Energy Plc ("Emerald" or the "Company") would like to provide thefollowing update on activities in the Khurbet East field in Block 26, Syria. Drilling of the Khurbet East No.5, the first horizontal development well in theKhurbet East field, has commenced. It is designed as a horizontal producer witha measured depth of approximately 2,900 metres including a 700 metre horizontalsection in the Cretaceous Massive reservoir. The well is expected to takeapproximately 60 days to drill and evaluate. It will then be completed andsuspended as an oil producer to commence production after the installation of anearly production facility, scheduled to commence operation by the fourth quarterof 2008. Emeralds' Chief Executive Officer, Angus MacAskill, said: "The drilling of horizontal wells in Khurbet East was indicated in engineeringstudies to optimise field development through the higher well productivities andoil recoveries associated with this technology." Enquiries: Lisa Hibberd 020 7925 2440 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Emerald Energy