Other Assets

Emerald Energy also has interests in other assets namely:

Campo Rico Block in Colombia. This is home to the engine room of production from the Camp Rico, Vigia and Centauro Sur fields. This block has been important in generating cashflow to fund the drilling of the higher impact prospects in what are now the main blocks, but despite the fact that this block contains other prospects (e.g. Los Potros), it is likely to be of diminishing importance in the future.

Maranta Block in Colombia. Emerald has announced a farm-out arrangement whereby 20% of the block will be taken up by La Cortez Energy, subject to approval by ANH. The first well on this block, Mirto-1 has been drilled to target depth, with oil and gas shows across the target intervals. Results of further evaluation of the well are expected within two weeks of 27 July 2009..

Agerato Block in Colombia. This is a new block and investors await the results of the recent seismic to see if this block will be drilled. There is some suggestion that La Cortez (Emerald's partner in the Maranta Block) may be negotiating the terms of a farm-in to Agerato (http://www.lacortezenergy.com/Public%20Investor%20Presentation%20La%20Cortez.pdf Slide 17)

Fortuna Block in Colombia. This block has been something of a disappointment, but there is still some potential that may be re-drilled in the future.

Block 163 Peru. This is a newly acquired block and little work has been published so far.