Emerald Energy Share Discussion Threads

[efagie] 21/8/2010 13:54

same here cap. even tried to email, unable to, for some reason. ken

[captainfatcat] 21/8/2010 13:38

Thanks Ken I have been checking the La Cortez website still no news on the Mirto 2 well yet.

[captainfatcat] 21/8/2010 13:38

Thanks Ken I have been checking the La Cortez website still no news on the Mirto 2 well yet.

[efagie] 21/8/2010 13:35

update again. only for june though.

gig. may was 2898. june's is 3049. the 09 average was 902bopd.
vig. may was 1424. june 1446.
c/r. may was 836.. june 841. the 09 average was 1063.
cen/sur. may was287. june 263.
l/potros. may 106. june 228.
mirto. may 99. june 80.
capella. may 508. june 575.
total average for may 6158 bopd. june 6556 bopd. the 09 average was 4118bopd.

[7kiwi] 23/7/2010 23:27

Thanks ken.

Very interesting.

Did you note that value put on Capella by Sinochem?

Means they got Syris for peanuts.

[efagie] 21/7/2010 21:52

new presentation on canacol. now dealing on the colombian exchange too.
steam pilot now august results sept. spudded f-10h late june. Peak gross production of 60,000 bopd by 2015 down from 100,000.
Gross capex of $1.2 billion, was $1.6 billion.
pipeline still at some 250km to nieva? even going via gigante can't get that high.
Completing Romero A‐1 well.

pacific rubiales has gone into the area now proved by ombu/capella.

By contrast, the Ombu block lies approximately 300 kilometers south of Bogota, within the relatively unexplored northern part of the basin.

The Capella heavy oil discovery within the Ombu block suggests that the Llanos heavy oil belt, already home to the Castilla and Rubiales heavy oil fields, may extend southwest into the northern part of the basin. In the June 2010 Bid Round, Pacific Rubiales, a $6 billion+ company secured the largest acreage position in the Putumayo Basin. "Pacific Rubiales visualizes the continuation of the heavy oil belt to the southeast of the Rubiales and Quifa fields." Pacific Rubiales and partner Talisman committed over US $118 million in work commitments to win three blocks (CAG 5, CAG 6, and PUT 9). Canacol shares Rubiales vision and was a first mover in the area. Last year, Canacol secured approximately 1.6 million acres adjacent to Rubiales new blocks.

hope you get in better than i did. kept on getting stopped out. and download freezing.



with them there pipeline costs can be shared. imo. maybe even a change in direction to the refinery at orito. ken

[bobobob5] 19/7/2010 20:14

Thanks guys. Matad has done well, that's for sure. btw would I buy my Emeralds back at £7.50 a pop? You've got to be joking!

[efagie] 16/7/2010 10:18

thanks kiwi. in line with mine. ken

[thebaron] 15/7/2010 16:44

Yes congrats to Bob for pointing me in the direction of MATD last year and have now achieved a 10 bagger on my first purchase at 14p.
Havent done so well on my other oilers following re-investment of my EEN proceeds- namely XTR NTOG AST RXP still you cant win them all.

[jamesiebabie] 15/7/2010 16:36

Mongolia rocks

[captainfatcat] 15/7/2010 16:32

bob well done on MATD buy the way an excellent bagger.

[flip101] 15/7/2010 08:34

I think this is a tad conservative given the terms of the PSCs. The netback per barrel at $70 oil is around $50/barrel which even discounted aggressively at 15% and assuming first cash-flow in 5 years arrives at $10-15/barrel. It will also be the case that NPV/barrel increases as more oil is found due to infrastructure economies of scale.

[7kiwi] 15/7/2010 07:34

I use $5 for NFB and $4 for SFB.

[efagie] 14/7/2010 13:18

not that i have seen kiwi. from the may presentation.

Reserves & Production Growth – 7 wells in 2010

Commenced drilling the Romero A‐well in late April
3,250 target depth, ~ 3 weeks to drill
Testing the productive Mirador reservoirs
After Romero A‐1, Capella F‐10H well is next (1st horizontal well)
Development locations Romero appraisal area Horizontal location
Capella F‐10H
(1) Sinochem Group is 1 of 4 prominent state oil companies of China. In Aug09,
Sinochem purchased Emerald Energy's 90% stake in Capella for US $450mm.
Double Gross Estimated Ultimate Recovery: 222 → 444mmbls
Pilot cyclic steam injection begins 2Q with prelim results in July.

on another point kiwi, may i ask what dollar per barrel your using for the falklands oil, knowing you do the valuation reports. asking here so as to not upset some of the idiots on some of the other boards. the valuations being used seem way to high. ken

[7kiwi] 14/7/2010 09:04

Not seen that.

Have any resuls from Romero been released?

[captainfatcat] 13/7/2010 22:06

Anyone seen results yet for the Mirto-2 well? Should be soonish.

[efagie] 11/7/2010 12:17

agree cap, during july say canacol. they look as if their raising the recovery from 222mboe, to 444mboe. even though the stoiip is still at 2.1bboe.
the 508 is still only from capella, though the romero is drilled.
also be interesting how high gigante goes, now they seem to be uping production there. ken

[captainfatcat] 10/7/2010 18:49

Thanks ken, I'm waiting to see how well the steam pilot project goes the results will be interesting

[efagie] 09/7/2010 16:06

for those interested. year to date.

............jan...feb...march..april...may.....average bopd for 2009.
gigante....1358..820....1192..3182....2898.....902.
vigia......1287..1310...1331..1258...1424........1605.
c/rico.....804...839....884....870....836...........1063.
capella....484...314....261....380....508.........238.
centauro/s.268...268....273....272....287........310.
l/potros...0.....21.....211....245....106.
mirto......107...35.....71.....118....99..............69.

totals...4352...3616...4224...6325...6158......4118

[bobobob5] 11/6/2010 10:35

SEY looking very interesting to me.

[confusedcoalboy] 11/6/2010 10:00

ta steve, 'you got mail'

[stevea171] 06/6/2010 17:53

ccb. Nothing wrong with 10k! Think we need to move our discussion which has limited or no interest to the others here off thread so will comment more directly if you give me your email address. Stay in touch.

[confusedcoalboy] 04/6/2010 22:31

Yoikes, havent checked for a while- Did you manage to get to the start line in Chester Steve?

As for me, playing loads of badders, not sure if I'm really getting better mind..

A bit of running has been done, did a 10k (I know..) and fancied my chances near the end, so I burst free of the group, only to discover that the finish was 300m further on that I thought! blew up and was passed by them all. What a tit.

stevea171 - 24 Apr'10 - 08:58 - 12218 of 12243

[efagie] 27/5/2010 16:12

La Cortez Energy Announces the Start of Drilling Operations for the Mirto-2 Well in the Maranta Block in the Putumayo Basin in Colombia

BOGOTA, COLOMBIA--(Marketwire - May 27, 2010) -

La Cortez Energy, Inc. ("La Cortez") (OTCBB: LCTZ) is pleased to announce that Emerald Energy Plc. ("Emerald"), the operator of the Maranta Block where La Cortez will hold a 20% working interest, has begun drilling operations for the Mirto-2 exploratory well.

The Mirto-2 well will be drilled to an estimated target "measured depth" of 11,604 feet in order to test the Villeta formation N, U, and T sands, which are prolific hydrocarbon producers in the Putumayo basin.

The Maranta block covers an area of 90,459 acres (36,608 hectares) in the foreland of the Putumayo Basin in southwest Colombia. Emerald signed its E&P contract with the Agencia Nacional de Hidrocarburos ("ANH"), Colombia's hydrocarbon regulatory agency, pursuant to which it is exploring the Maranta Block on September 12th, 2006.

[264091] 17/5/2010 19:08

They don't seem very capable operators in Colombia. There's no sign of Sinochem's cash providing any production increase as far as I can see. And slow progress continues in Syria too.