Emerald Energy(EEN)

Sector:

Oil & Gas Producers

Index:

FTSE Small Cap

Market Cap

£192.64m

Change Today

Price Up24.75p

Share Price

322.75p

Gulfsands and Emerald start Syria production

Date: Tuesday 22 Jul 2008

LONDON (ShareCast) - Gulfsands Petroleum and Emerald Energy started production at the Khurbet East field in Block 26, Syria yesterday, the pair announced Tuesday.

The Khurbet East No.4 well was the first to be connected to the early production facility. The connection of Khurbet East No.5 and Khurbet East No.6 wells, and the re-entry, completion and connection of the No. 2 and No. 3 wells are expected to take place over several weeks.

The Syrian government gave permission to develop the field in February. Both Gulfsands and Emerald expected the site to produce 10,000 barrels of oil a day in the last quarter of 2008.

“The commencement of production of oil is several months ahead of the development schedule contemplated at that time,” said Gulfsands.

“We look forward to further developing the other opportunities in Block 26 in what is a highly prospective and proven hydrocarbon system in Syria."

Each company own a 50% working interest in the block, with Gulfsands acting as the operator.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Emerald Energy Market Data

Currency UK Pounds
Share Price 322.75p Price Up
Change Today +24.75p
52 Week High 440.75
52 Week Low 188.00
Volume 212,776
Shares Issued 59.69m
Market Cap £192.64m
Beta 0.53
RiskGrade 303

Performance Indicators

Compare performance with the sector and the market.
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Key: vs Market vs Sector
Value
65.69% below the market average65.69% below the market average65.69% below the market average65.69% below the market average65.69% below the market average
84.48% below the sector average84.48% below the sector average84.48% below the sector average84.48% below the sector average84.48% below the sector average
Price Trend
98.32% above the market average98.32% above the market average98.32% above the market average98.32% above the market average98.32% above the market average
96.83% above the sector average96.83% above the sector average96.83% above the sector average96.83% above the sector average96.83% above the sector average
Income Not Available
Growth
65.69% above the market average65.69% above the market average65.69% above the market average65.69% above the market average65.69% above the market average
45.21% above the sector average45.21% above the sector average45.21% above the sector average45.21% above the sector average45.21% above the sector average
Price Chg 6m
90.23% above the market average90.23% above the market average90.23% above the market average90.23% above the market average90.23% above the market average
87.30% above the sector average87.30% above the sector average87.30% above the sector average87.30% above the sector average87.30% above the sector average
P/E
80.03% below the market average80.03% below the market average80.03% below the market average80.03% below the market average80.03% below the market average
72.97% below the sector average72.97% below the sector average72.97% below the sector average72.97% below the sector average72.97% below the sector average
PEG Not Available
Dividend Yield Not Available
EPS Growth Not Available
Operating Margin
41.52% above the market average41.52% above the market average41.52% above the market average41.52% above the market average41.52% above the market average
47.62% above the sector average47.62% above the sector average47.62% above the sector average47.62% above the sector average47.62% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Emerald Energy Dividends

No dividends found

Trades for --2008

Time Volume / Share Price
0 @ 0.000p

Emerald Energy Key Personnel

CEO Angus MacAskill

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