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Emerald Energy Provides Khurbet East Field Update, Block 26, Syria

Source: www.gulfoilandgas.com 6/17/2008, Location: Middle East

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Emerald Energy provided the following update on activities in the Khurbet East field in Block 26, Syria. Khurbet East No.6, the second horizontal development well in the Khurbet East field, has been drilled with a 200 metre horizontal section in the Cretaceous Massive reservoir. The reservoir was encountered at the expected depth and the well was completed and suspended as the fifth production well available for production from the Massive. Well testing operations were not conducted and the productivity of the well will be determined after the commencement of production through the early production facilities.

The installation of the early production facilities to gather the production from the Massive production wells is expected to be completed during the third quarter of 2008.

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

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