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EMERALD RESOURCES NL Regulatory Filings 2007
64849_rns_2007-03-12_762370ec-55ef-4dd3-bc6a-417cbfaac4a6.pdf
Regulatory Filings
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Level 2, 16 Altona Street West Perth WA 6005 Ph: 08 9482 0500 Fx: 08 9482 0505 Em: [email protected]
13 March, 2007
Centralised Company Announcements Platform Australian Stock Exchange 10th floor, 20 Bond Street Sydney NSW 2000
NW ALICE PROSPECT SPUDS - JIM WELLS COUNTY, TEXAS
Emerald Oil & Gas NL ("Emerald") (ASX code EMR) is pleased to announce that the R J Hunter # 1 Well spudded on March 12th, 2007. The operator is Noble Energy Incorporated and the Contractor is Grey Wolf Drilling. The proposed total depth is 10.500 feet to test several sands within the Yequa Formation. It is anticipated that the target horizons will be reached in approximately 2 to 3 weeks.
Current Depth: 1,516 Feet.
Operation: Preparing to run and cement surface casing.
Emerald has a 10% WI (after casing point) in this prospect.
About Emerald Oil & Gas NL
Emerald Oil & Gas NL (ASX: EMR; EMRO) was listed on the ASX in June 2006, raising \$4 million. Emerald is an oil and gas exploration and production company with project interests in North Dakota and Texas in the USA and in the Canning Basin of Western Australia. Emerald's focus is on conventional reservoir targets for oil and gas prospects and its primary objective is to achieve near term production and cashflow to build shareholder value and provide funds to fuel further growth. Emerald's strategy is to take modest but meaningful positions in low risk exploration projects that can be swiftly brought into production.
For more information please contact:
Emerald Oil & Gas NL Tel: +618 9482 0510
JOHN HANNAFORD Executive Director - Finance [email protected]
BOB BERVEN Executive Director - Technical [email protected]
Information in this announcement pertaining to exploration potential was compiled by Robert Berven, Emerald Oil & Gas NL's Technical Director who is a Member of the Australasian Institute of Mining and Metallurgy and the American Association of Petroleum Geologists CPG # 2498.
The Greenbush Project technical information was supplied by D. Keith Murray CPG#446 (American Institute of Petroleum Geologists).
Statements regarding Emerald's plans with respect to its petroleum properties are forwardlooking statements. There can be no assurance that Emerald's plans for development of its petroleum properties will proceed as currently expected. There can be no assurance that Emerald will be able to confirm the presence of additional petroleum deposits, that any discovery will prove to be economic or that an oil or gas field will successfully be developed on any of Emerald's petroleum properties.