Khurbet East field update Syria activities

Emerald Energy Plc, a UK based company engaged in the exploration and production of hydrocarbons, provides the following update on activities in the Khurbet East field in Block 26, Syria.

The company commenced production in the Khurbet East field on 21 July with oil production from the Khurbet East No.4 well.

The company will continue drilling operations with the connection of the Khurbet East No.5 and Khurbet East No.6 wells to the early production facility, and the re-entry, completion and connection of the Khurbet East No. 2 and Khurbet East No. 3 wells. These operations are expected to take place over several weeks.

CEO, Angus MacAskill, said we are delighted with reaching this milestone of first production from the Khurbet East field, following a rapid development made possible by the co-operation of the co-venturers, the Syrian Petroleum Company, and the Syrian Government, and we look forward to the stabilising of production levels over the next few weeks following the connection of the remaining four production wells.