Emerald Energy has released the reuslts of testing 3 of the 4 prospective horizons from the Mirto #1 well on the Maranta block.
Two of the tested horizons (Caballos and Viletta T) do not look promising, but the third, the Viletta-U formation has tested ~730bopd over a 48 hour period. The company sounds quite excited about the discovery. The fourth horizon, Viletta N, is currently being tested.
We shall have to wait and see if this apparent discovery is reflected in an adjustment to the agreed takeover price.
http://www.advfn.com/p.php?pid=nmona&article=39289193&epic=EEN
More information may be forthcoming from La Cortez Energy who hold a 20% interest in the Maranta block.
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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
My Blog List
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Blog No Longer Maintained13 years ago
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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.
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