Extension of PSC in Syria

Emerald Energy PLC
16 July 2007



Emerald Energy Plc

16 July 2007


Syria Block 26 Contract Extension


Emerald Energy Plc ("Emerald" or the "Company") would like to provide the
following update on Block 26, Syria.

Gulfsands Petroleum Syria ("Gulfsands"), the Operator of Block 26 has notified
Syrian Petroleum Company that Gulfsands and Emerald have elected to enter the
first extension of the exploration period of the Block 26 Production Sharing
Contract which shall commence following the expiry of the initial exploration
period on 23rd August 2007.

The first extension has a duration of three years and a minimum work obligation
of 250 sq. km of 3D seismic and two exploration wells. The terms of the first
extension include the relinquishment of an area equivalent to 25% of the area of
Block 26, for which the partnership has selected an area considered to be of
limited exploration potential.


Emeralds' Chief Executive Officer, Angus MacAskill, said:

"We are very pleased to be entering this next phase in Block 26 and look forward
to progressing both the Khurbet East discovery and the remaining exploration
potential within the block."


Emerald holds a 50% interest in Block 26 through its fully owned subsidiary SNG
Overseas Ltd.


Enquiries: Helen Manning 020 7925 2440


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