Emerald Energy Evaluating Production Methods for Silfide #1 Well

Emerald Energy's first exploration well on the Fortuna block in Colombia, Silfide #1, has been drilled to a total depth of 5,114ft and 12ft of net pay identified in the Umir formation using wireline logs. The well has been cased and a production test has recovered 38 barrels of 16.2 API gravity oil during swabbing operations, an artificial lifting technique. The test string has been replaced with a completion string and the rig is being released. The Company is now evaluating various artificial lift methods to determine the best one for the well.

The planned expansion of production facilites at Vigia field is progressing and sufficient capacity is now available to produce both Vigia #1 and #3. Vigia #2 will be tested and put on production when gathering and separation capacity is available. The Company is now producing oil from 6 wells at a combined rate of 4,800 bopd.

Alastair Beardsall, Emerald's Chairman, said: 'The recovery of oil from Silfide is encouraging, we are now evaluating the use of artificial lift to develop the Silfide field.'