Emerald updates Khurbet East No.3 well

Emerald Energy Plc provides the update on activities in Block 26, Syria. The drilling of the Khurbet East No.3 well has commenced using the MB-3 rig. Khurbet East No.3 is located approximately 0.9 kilometres southwest of the Khurbet East No.1 discovery well and 1.2 kilometres south of the Khurbet East No.2 appraisal well and will further appraise the Cretaceous aged Massive reservoir encountered in these wells.

The drilling of this well will assist in the planning of early development of the Massive reservoir in the Khurbet East field with first production targeted for the second half of 2008.

Khurbet East No.3 is expected to have a total drilling depth of approximately 2,050 metres and take approximately 45 days to drill and evaluate.

Emerald holds a 50% interest in Block 26 through its fully owned subsidiary SNG Overseas Ltd.