5 April 2007
GLAMOUR GIRL PROSPECT JIM HOGG COUNTY, TEXAS
(Emerald earning 15% Working interest, Operator: Anderson Oil Ltd.)
Emerald Oil & Gas NL (“Emerald”) (ASX: EMR; EMRO) is pleased to announce that
the first well at the Glamour Girl is rigging up and will spud within the next 48
hours.
Current Depth: Nil.
Operation: Drilling rig on location.
Rigging up and anticipated spud within 48 hours. The proposed total depth is
8,400 feet to test several sands within the Cook Mountain and Queen City Formations of Eocene age. It is anticipated that the target horizons will be reached in approximately 2+ weeks.
Emerald Interest: Emerald has a 15% WI (after casing point) in this prospect.
About Glamour Girl Prospect:
The Glamour Girl structure as currently mapped from 2-D seismic and one nearby well drilled in the 1980’s which calculated gas-bearing sand and based upon Emerald’s estimation, could host up to 40-50 BCF gas and 2+ million barrels of condensate from the Queen City Formation. The resources are based on nearby well and field production histories.
next well should spud soon, page-11
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