Emerald Energy Strikes Oil at Silfide #1 Well in Colombia

Emerald Energy has drilled Silfide #1 to a measured depth of 5,114 ft. The well has been logged and potential zones capable of producing oil identified. The Ismocol drilling rig is now running casing after which the Company will prepare to test the well.

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.'