The Colombian Oil Minister has said the Rubiales heavy oil field in Colombia may contain 500m barrels of oil (http://www.bloomberg.com/apps/news?pid=20601086&sid=axW5d3J_0bgE).
The joint operator of Rubiales - Pacific Rubiales Energy (PRE) has, in a recent investor presentation talked of Oil in Place of nearly 4.2bn barrels for Rubiales/Piriri. Moreover, PRE has recently signed a MoU to pilot the use of "STAR" technology to improve the fields recovery rate from ~15% to up to ~50% (http://www.pacificrubiales.com/common/uploads/1248222702-Corporate%20Presentation%20July%202009.pdf Corporate Presentation July 2009 Pages 13 & 14).
The significance of this to Emerald Energy is if a 50% recovery rate could be achieved in Capella, it would make it a very valuable field indeed.
skip to main |
skip to sidebar
Posts
Posts
Emerald Energy is a mid-cap Oil Exploration and Production company listed on the Main List of the London Stock Exchange in the FTSE-250 index. It has a variety of assets in Colombia, Syria and Peru. This blog has been set up to track the bid approach and any takeover that follows.
Summary of Emerald's Assets
News Links
- US-Syrian Relations Thawing Paving the Way for Oil Deals
- Speculation on Hostile Bid for Gulfsands
- Recent Emerald Broker Note
- Recent Gulfsands Broker Note
- Chinese Media pick up on Emerald Approach
- Guardian speculates on Gulfsands Bid Approach
- Telegraph suggest Gulfsands also a target
- Telegraph says bidder is consortium of Chinese and ONGC
- Previous Sinopec-ONGC deal in Colombia for Ominex
- Gran Tierra rule themselves out of bidding for EEN
- UPI suggesting Chinese Interest from Sinopec or CNOOC
- FT Alphaville with MK quote
Links to Websites
- Emerald Energy Website
- Link to ADVFN thread for EEN
- Link to Gulfsands (50% Partner in B26)
- Link to Canacol Energy (10% owner of Ombu)
- Link to La Cortez Energy (20% owner of Maranta Block)
- LSE Page for Emerald Energy
- Link to Colombian Hydrocarbon Agency
- Link to Colombian Exploration Maps
- Stockopedia Blog
Blog Archive
-
▼
2009
(31)
-
▼
July
(17)
- La Cortez Bullish on Mirto Results so far
- Results of Survey
- Emerald Announces Interim Results
- Chinese Media Picked up on Emerald Approach
- Pacific Rubiales Field may contain 500m barrels of...
- Reserves and Sources of Reserves Growth
- Has Emerald Got Consent to Explore the NE part of ...
- Rumours that a bid is being considered for Gulfsands
- Press Speculation on Bid Approach Candidates
- Other Assets
- Main Assets - Block 26 3-D Seismic
- Emerald Energy Valuation
- Main Assets Gigante Matambo/VSM32
- Main Assets - Block 26 Syria Khurbet East/Yousefieh
- Main Assets - Capella Ombu and Durillo
- Background Research Notes
- Emerald Energy Bid Approach
-
▼
July
(17)
My Blog List
-
-
Blog No Longer Maintained13 years ago
Subscribe To
Posts
Posts
Disclaimer
The posts in this blog are taken from a variety of sources and are posted in good faith. However, no investment advice is intended and this blog is no substitute for doing your own research. Investments can rise as well as fall and also fall and fall some more.
No comments:
Post a Comment