Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Market report: Shares down in Colombian oil adventure

Derek Pain
Wednesday 09 December 1998 00:02 GMT
Comments

EMERALD ENERGY'S Colombian oil adventure is looking distinctly jaded. The shares, 10p earlier this year, fell 0.5p to 3.25p.

There is disappointment over the results so far achieved at its Gigante well and, with its shares on the slide, it is clearly encountering difficulty raising the additional cash, perhaps as much as pounds 10m, it needs to continue its Colombian exploration. Emerald's position is not helped by the collapse of the crude oil price.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in