steady climb, page-5

Hi all holders

I wrote to Krzus recently asking why I should continue to support Emerald. He obviously cant give particulars but his reply was.

"Jack,

Emerald's business in the US has not been progressing as smoothly as we would have liked over the last few months and we share your frustration. We believe there is still considerable value in this area, even with lower gas prices, but it will take a little longer to realise this value than we expecteed.

While continuing to work our existing opportunities, we have been actively progressing a number of new projects in both our focus areas in the US (Texas and Appalachians). Unfortunately I can't share details at this point and so will not be able to provide you with specifics, as requested. However, if do you choose to hold your Emerald shares for the next few months, I'm sure you will find it worthwhile.



Regards and best wishes,

Mike



Mike Krzus

Managing Director and CEO.

P.s I decided to hold.