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Emerald Provides Khurbet East No.1 Drilling Update, Syria

Source: www.gulfoilandgas.com 3/28/2007, Location: Middle East

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Emerald Energy Plc provided the following update on activities in Block 26, Syria. The Khurbet East No.1 exploration well is drilling ahead at a depth 2,450 metres. The Khurbet East prospect is a fault-bound structural culmination, with closure mapped at several potential reservoir levels including Cretaceous, Triassic and Palaeozoic ages.

Hydrocarbon shows were encountered while drilling the Tertiary Chilou and Cretaceous Massive formations. A core was cut in the Chilou formation and wireline logs were run over both sections. The wireline logs indicated a gross hydrocarbon interval of 31 metres and a net hydrocarbon interval of approximately 22.5 metres in the Massive formation with some additional potential in the Chilou formation that requires further evaluation.

The presence of hydrocarbon in the Massive formation was confirmed by a wireline formation pressure sampler which recorded a hydrocarbon gradient over the interval and retrieved a sample of 21 degree API gravity oil to surface. The wireline formation pressure sampler was not run in the Chilou formation as the tools available were not suitable for large diameter well bores.

Drilling is now planned to continue to the total drilling depth of approximately 3,700 metres to evaluate the other prospective intervals.

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