The Company is currently producing 4,300 barrels of oil per day from the fields that it operates.
Alastair Beardsall, Emerald's Chairman, said: 'The preliminary indication from the well logs for this 1st well drilled by Emerald on the Fortuna Block is very encouraging. We are now preparing to test this well and if it demonstrates viable oil production we shall bring the rig back to drill appraisal and development wells.'
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