Emerald updates Khurbet East field

Emerald Energy Plc provides the following update on activities in the Khurbet East field in Block 26, Syria.

The Khurbet East No.4 well, the first well to be drilled in the development phase of the field, has been successfully drilled, completed, and suspended as an oil producer. The well, located 150 metres away from the Khurbet East No.1 well, was drilled to a total depth of approximately 1,935 metres and encountered the top of the Cretaceous Massive reservoir within 3 metres of the expected depth.

Khurbet East No.4 is a vertical well and, as planned, was not flow tested as sufficient information had been obtained in this portion of the field from the previous flow tests in the Khurbet East No. 2 and No.3 appraisal wells. Khurbet East No.4 will be a producer in the first development phase of the field involving the installation of an early production facility, scheduled to commence operation by the fourth quarter of 2008.

The next well in the development phase, Khurbet East No.5 is designed to be the first horizontal well in the field and is expected to commence drilling in the middle of March 2008.