EMERALD BAY ENERGY INC

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Emerald Bay Energy Inc.  is an emerging oil and gas producer headquartered in Calgary, Alberta, Canada with productio……

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EMERALD BAY ENERGY INC

lockPrivate Group

Emerald Bay Energy Inc.  is an emerging oil and gas producer headquartered in Calgary, Alberta, Canada with productio… …

people111 Members

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8020Admin started the topic Lost comments/dialogue from EBY's Investor Group in group EMERALD BAY ENERGY INC

Due to some recent website upgrades last week, a couple of member comments/dialogue were subsequently lost from being posted.  Below is a recap of what those posts were to catch up:
 
 
Louis Paul:
Mike, you are going to produce Kuhn 3 in the Pecan gap formation and Kuhn 4 in the Buda formation. Is it possible to produce Kuhn 4 in the Austin Chalk formation at the same time ? What is the plan with the Austin Chalk formation of Kuhn 4 ? Thanks!
 
Mike Rice: 
Hello Louis, the short answer is yes, we can and might produce Kuhn 4 in the Austin Chalk in the future. We will surely test it at some point in the near future, but we do not have a definitive timeline at this point. I will keep you informed when we know more. Thanks, Mike
 
Louis Paul:
Thank you for the answer. I’m not sure I understand when you write : «The close proximity to the recently drilled Kuhn 4 well meant that we had to shut Kuhn 3 in when we drilled Kuhn 4.». I’m new in the business… :), can you explain a little.
 
Mike Rice:
Hi again Louis. That’s another good question. Field spacing rules are such that you cannot produce wells from the same formation/zone if they are closer than a certain distance to each other. Kuhn 4 and Kuhn 3 are quite close together and both were drilled as Austin Chalk targets. Kuhn 3 will be now be completed in the Pecan Gap formation, and Kuhn 4 is completed in the Buda formation currently and at some point in the future the Austin Chalk too. I hope that clarifies it. Let me know if you have any other questions. Mike



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8020Admin started the topic EBY News Alert: Issues Statement Regarding 50,000,000 Share Sell Order in group EMERALD BAY ENERGY INC

Emerald Bay Issues Statement Regarding 50,000,000 Share Sell Order

Emerald Bay Issues Statement Regarding 50,000,000 Share Sell Order

Calgary, Alberta (FSCwire) – Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) announced today that the Company has been informed by a broker that earlier today an error was made in regards to trading instructions whereby a clients order to offer 500,000 shares for sale at $0.035 was incorrectly entered as 50,000,000 shares.  It was subsequently corrected.  Emerald Bay appreciates that the broker acknowledged and corrected the mistake in a timely manner.

To stay informed on Emerald Bay Energy, please join our Investor Group at https://www.8020connect.com/groups/emerald-bay-energy-inc  for all upcoming news releases, articles, comments and questions.

For further information, please contact:

Emerald Bay President, Shelby D. Beattie, by telephone at (403) 262-6000

Email: [email protected]

www.ebyinc.com.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



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8020 Admin10 days
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8020Admin started the topic EBY News Alert: Perforates Final Three Wells at MarPat Lease, Somerset Texas in group EMERALD BAY ENERGY INC

Emerald Bay Perforates Final Three Wells at MarPat Lease, Somerset Texas

Emerald Bay Perforates Final Three Wells at MarPat Lease, Somerset Texas

Calgary, Alberta (FSCwire) – Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) announced today that the Company began operations this morning to perforate the final three wells of the MarPat partnerships.  The MarPat wells have shown commercial viability in the Anacocho, Olmos, and Escondido formations.  To date, all the wells have been perforated in one of the three formations.  With the completion of these final three wells, oil production from the sixteen MarPat wells will be approximately 40 bbls/day, 10 bbls/day net to Emerald Bay at no cost to the Company.

The MarPat partnerships are farmouts whereby the farmees pay 100% of the drilling and equipping costs for a 75% working interest in the wells.  As the operator and farmor, Emerald Bay earns a 25% carried working interest ownership in the wells. 

Shelby Beattie, President and CEO of the Company commented, “The MarPat lease partnerships have been excellent projects for us to generate revenue and add reserves at no cost or risk to the Company.  With only one zone perforated in each of the MarPat wells there is certainly opportunity in the future for the partnerships to re-enter the wells and add additional production.  While we will continue to pursue similar development partnerships in the future, our primary focus remains our Kuhn exploration wells at Wooden Horse as well as the  Nash Creak project.”

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil, natural gas, and electricity generation interests in Central Alberta, Canada.  EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadeloupe, Texas, where the Company currently now owns a 50.00% working interest in those projects. The Company also owns 75% of Production Resources Inc., a South Texas oil company. 

To stay informed on Emerald Bay Energy, please join our Investor Group at https://www.8020connect.com/groups/emerald-bay-energy-inc  for all upcoming news releases, articles, comments and questions.

For further information, please contact:

Emerald Bay President, Shelby D. Beattie, by telephone at (403) 262-6000

Email: [email protected]

www.ebyinc.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect”, “plan”, “intend”, “anticipates”, “projects”, “potential”   or similar expressions.. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.  Forward-looking statements are statements that are not historical facts.

 

Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a well is actually developed. BOE’s may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Emerald Bay at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Emerald Bay that actual results achieved will be the same in whole or part as those indicated in the forward-looking statements.  Forward-looking statements in this document include statements regarding the Company’s exploration, drilling and development plans, the Company’s expectations regarding the timing and success of such programs. In particular, forward-looking information in this news release includes, but is not limited to, statements with respect to: pipeline acquisitions and leasing; pipeline permits, pipeline construction, production estimates, drilling operations, completion operations, funding and development goals.  Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, level of activity, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.  Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in the prices of oil and gas, uncertainties inherent in estimating quantities of oil and gas reserves and projecting future rates of production and timing of development activities, competition, operating risks, acquisition risks, liquidity and capital requirements, the effects of governmental regulation, adverse changes in the market for the Company’s oil and gas production, dependence upon third-party vendors, and other risks detailed in the Company’s periodic report filings with the applicable securities regulators.


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/EmeraldBay01192018.pdf



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Mike Rice13 days
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mikerice replied to the topic EBY News Alert: Re-Enters Kuhn 3 and Test Pecan Gap in group EMERALD BAY ENERGY INC

Emerald Bay to Re-Enter Kuhn 3 and Test Pecan Gap

Emerald Bay to Re-Enter Kuhn 3 and Test Pecan Gap

Calgary, Alberta (FSCwire) – Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) announced today that the Company plans to re-enter the Kuhn 3 well and complete the well in the Pecan Gap formation.  The Company will use one of the two service rigs owned by its subsidiary, Production Resources Inc. (PRI), to carry out the operation.  The operation will take place in the coming weeks with test results to follow shortly thereafter.

Shelby Beattie, President and CEO of the Company commented, “Current oil prices make this is an ideal time for the Company to re-enter Kuhn 3 and test the Pecan Gap as we had a good oil show from this formation when we originally drilled the well. The well is already tied in to our facilities and we will be able to begin production testing immediately upon completion of the operation.  Having the ability to use PRIs service rig on this operation will be a substantial savings for the Company, and this was one of the main reasons we acquired an increased ownership in PRI last summer.  We consider owning our own service rigs to be a strategic advantage that we will be able use to optimize production and maintain wells at our Wooden Horse, Nash Creek and Cottonwood Creek properties now, and in the future.”

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil, natural gas, and electricity generation interests in Central Alberta, Canada.  EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadeloupe, Texas, where the Company currently now owns a 50.00% working interest in those projects. The Company also owns 75% of Production Resources Inc., a South Texas oil company. 

To stay informed on Emerald Bay Energy, please join our Investor Group at https://www.8020connect.com/groups/emerald-bay-energy-inc for all upcoming news releases, articles, comments and questions.

For further information, please contact:

Emerald Bay President, Shelby D. Beattie, by telephone at (403) 262-6000

Email: [email protected]

www.ebyinc.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect”, “plan”, “intend”, “anticipates”, “projects”, “potential”   or similar expressions.. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.  Forward-looking statements are statements that are not historical facts.

Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a well is actually developed. BOE’s may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Emerald Bay at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Emerald Bay that actual results achieved will be the same in whole or part as those indicated in the forward-looking statements.  Forward-looking statements in this document include statements regarding the Company’s exploration, drilling and development plans, the Company’s expectations regarding the timing and success of such programs. In particular, forward-looking information in this news release includes, but is not limited to, statements with respect to: pipeline acquisitions and leasing; pipeline permits, pipeline construction, production estimates, drilling operations, completion operations, funding and development goals.  Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, level of activity, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.  Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in the prices of oil and gas, uncertainties inherent in estimating quantities of oil and gas reserves and projecting future rates of production and timing of development activities, competition, operating risks, acquisition risks, liquidity and capital requirements, the effects of governmental regulation, adverse changes in the market for the Company’s oil and gas production, dependence upon third-party vendors, and other risks detailed in the Company’s periodic report filings with the applicable securities regulators.


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/EmeraldBay01162018.pdf

Source: Emerald Bay Energy Inc. (TSX Venture:EBY, OTC Bulletin Board:EMBYF)


How many weeks before we get results from the Kuhn 4 well, thanks?
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Hello Darren, thanks for the question. As you know, Kuhn 4 started pumping right before Christmas. We had a couple of operational issues with the new pump jack and plumbing at the tank battery, but we have been pumping the well consistently, albeit cautiously, for the past ten days. Our completions team has us going through all the proper steps of bringing on a new well, in a new formation (for the area), cautiously. It is still likely to be several weeks before we have a consistent/sustained production rate that we will press release and discuss in more detail. I know that answer doesn’t give you a definitive timeline, but we will let you know as soon as possible. Thanks, Mike Rice CFO

Trevor Shaw has joined the group EMERALD BAY ENERGY INC



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mikerice13 days
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mikerice posted an update in the group EMERALD BAY ENERGY INC

Hello again Emerald Bay shareholders and interested investors. I've been asked to provide a little clarification on the Kuhn 3 well, as it was drilled last year as an Austin Chalk target. The close proximity to the recently drilled Kuhn 4 well meant that we had to shut Kuhn 3 in when we drilled Kuhn 4. To date we have completed Kuhn 4 in the Buda formation and are production testing it at this time. Kuhn 4 also had a good oil show in the Austin Chalk, so…. since Kuhn 3 is tied in to our facilities already, and with oil at nearly $65/bbl., the time is ideal to re-enter Kuhn 3 and complete it in the Pecan Gap formation with the idea being that we can produce both wells (Kuhn 3 and Kuhn 4) from the different formations, at the same time. Should you have any additional questions, please feel free to ask. Mike Rice CFO



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Darren Stewart replied to the topic EBY News Alert: Re-Enters Kuhn 3 and Test Pecan Gap in group EMERALD BAY ENERGY INC

Emerald Bay to Re-Enter Kuhn 3 and Test Pecan Gap

Emerald Bay to Re-Enter Kuhn 3 and Test Pecan Gap

Calgary, Alberta (FSCwire) – Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) announced today that the Company plans to re-enter the Kuhn 3 well and complete the well in the Pecan Gap formation.  The Company will use one of the two service rigs owned by its subsidiary, Production Resources Inc. (PRI), to carry out the operation.  The operation will take place in the coming weeks with test results to follow shortly thereafter.

Shelby Beattie, President and CEO of the Company commented, “Current oil prices make this is an ideal time for the Company to re-enter Kuhn 3 and test the Pecan Gap as we had a good oil show from this formation when we originally drilled the well. The well is already tied in to our facilities and we will be able to begin production testing immediately upon completion of the operation.  Having the ability to use PRIs service rig on this operation will be a substantial savings for the Company, and this was one of the main reasons we acquired an increased ownership in PRI last summer.  We consider owning our own service rigs to be a strategic advantage that we will be able use to optimize production and maintain wells at our Wooden Horse, Nash Creek and Cottonwood Creek properties now, and in the future.”

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil, natural gas, and electricity generation interests in Central Alberta, Canada.  EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadeloupe, Texas, where the Company currently now owns a 50.00% working interest in those projects. The Company also owns 75% of Production Resources Inc., a South Texas oil company. 

To stay informed on Emerald Bay Energy, please join our Investor Group at https://www.8020connect.com/groups/emerald-bay-energy-inc for all upcoming news releases, articles, comments and questions.

For further information, please contact:

Emerald Bay President, Shelby D. Beattie, by telephone at (403) 262-6000

Email: [email protected]

www.ebyinc.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect”, “plan”, “intend”, “anticipates”, “projects”, “potential”   or similar expressions.. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.  Forward-looking statements are statements that are not historical facts.

Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a well is actually developed. BOE’s may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Emerald Bay at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Emerald Bay that actual results achieved will be the same in whole or part as those indicated in the forward-looking statements.  Forward-looking statements in this document include statements regarding the Company’s exploration, drilling and development plans, the Company’s expectations regarding the timing and success of such programs. In particular, forward-looking information in this news release includes, but is not limited to, statements with respect to: pipeline acquisitions and leasing; pipeline permits, pipeline construction, production estimates, drilling operations, completion operations, funding and development goals.  Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, level of activity, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.  Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in the prices of oil and gas, uncertainties inherent in estimating quantities of oil and gas reserves and projecting future rates of production and timing of development activities, competition, operating risks, acquisition risks, liquidity and capital requirements, the effects of governmental regulation, adverse changes in the market for the Company’s oil and gas production, dependence upon third-party vendors, and other risks detailed in the Company’s periodic report filings with the applicable securities regulators.


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/EmeraldBay01162018.pdf

Source: Emerald Bay Energy Inc. (TSX Venture:EBY, OTC Bulletin Board:EMBYF)


How many weeks before we get results from the Kuhn 4 well, thanks?
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Hello Darren, thanks for the question. As you know, Kuhn 4 started pumping right before Christmas. We had a couple of operational issues with the new pump jack and plumbing at the tank battery, but we have been pumping the well consistently, albeit cautiously, for the past ten days. Our completions team has us going through all the proper steps of bringing on a new well, in a new formation (for the area), cautiously. It is still likely to be several weeks before we have a consistent/sustained production rate that we will press release and discuss in more detail. I know that answer doesn’t give you a definitive timeline, but we will let you know as soon as possible. Thanks, Mike Rice CFO

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mikerice13 days
Disclaimer

mikerice posted an update in the group EMERALD BAY ENERGY INC

Here is a photo of our other service rig.



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mikerice13 days
Disclaimer

mikerice posted an update in the group EMERALD BAY ENERGY INC

Hello Emerald Bay shareholders and interested investors. In response to our press release this morning, I've had a few questions about the service rigs I mentioned. Our subsidiary PRI owns two service rigs, capable of servicing wells up to 2500 feet deep. Emerald Bay owns 75% of PRI. One of the main reasons we increased our ownership in PRI was because of all the service equipment that PRI owns. This equipment gives us a cost effective means to service our wells.



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8020 Admin13 days
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8020Admin started the topic EBY News Alert: Re-Enters Kuhn 3 and Test Pecan Gap in group EMERALD BAY ENERGY INC

Emerald Bay to Re-Enter Kuhn 3 and Test Pecan Gap

Emerald Bay to Re-Enter Kuhn 3 and Test Pecan Gap

Calgary, Alberta (FSCwire) – Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) announced today that the Company plans to re-enter the Kuhn 3 well and complete the well in the Pecan Gap formation.  The Company will use one of the two service rigs owned by its subsidiary, Production Resources Inc. (PRI), to carry out the operation.  The operation will take place in the coming weeks with test results to follow shortly thereafter.

Shelby Beattie, President and CEO of the Company commented, “Current oil prices make this is an ideal time for the Company to re-enter Kuhn 3 and test the Pecan Gap as we had a good oil show from this formation when we originally drilled the well. The well is already tied in to our facilities and we will be able to begin production testing immediately upon completion of the operation.  Having the ability to use PRIs service rig on this operation will be a substantial savings for the Company, and this was one of the main reasons we acquired an increased ownership in PRI last summer.  We consider owning our own service rigs to be a strategic advantage that we will be able use to optimize production and maintain wells at our Wooden Horse, Nash Creek and Cottonwood Creek properties now, and in the future.”

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil, natural gas, and electricity generation interests in Central Alberta, Canada.  EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadeloupe, Texas, where the Company currently now owns a 50.00% working interest in those projects. The Company also owns 75% of Production Resources Inc., a South Texas oil company. 

To stay informed on Emerald Bay Energy, please join our Investor Group at https://www.8020connect.com/groups/emerald-bay-energy-inc for all upcoming news releases, articles, comments and questions.

For further information, please contact:

Emerald Bay President, Shelby D. Beattie, by telephone at (403) 262-6000

Email: [email protected]

www.ebyinc.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect”, “plan”, “intend”, “anticipates”, “projects”, “potential”   or similar expressions.. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.  Forward-looking statements are statements that are not historical facts.

Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a well is actually developed. BOE’s may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Emerald Bay at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Emerald Bay that actual results achieved will be the same in whole or part as those indicated in the forward-looking statements.  Forward-looking statements in this document include statements regarding the Company’s exploration, drilling and development plans, the Company’s expectations regarding the timing and success of such programs. In particular, forward-looking information in this news release includes, but is not limited to, statements with respect to: pipeline acquisitions and leasing; pipeline permits, pipeline construction, production estimates, drilling operations, completion operations, funding and development goals.  Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, level of activity, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.  Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in the prices of oil and gas, uncertainties inherent in estimating quantities of oil and gas reserves and projecting future rates of production and timing of development activities, competition, operating risks, acquisition risks, liquidity and capital requirements, the effects of governmental regulation, adverse changes in the market for the Company’s oil and gas production, dependence upon third-party vendors, and other risks detailed in the Company’s periodic report filings with the applicable securities regulators.


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/EmeraldBay01162018.pdf

Source: Emerald Bay Energy Inc. (TSX Venture:EBY, OTC Bulletin Board:EMBYF)


How many weeks before we get results from the Kuhn 4 well, thanks?
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Hello Darren, thanks for the question. As you know, Kuhn 4 started pumping right before Christmas. We had a couple of operational issues with the new pump jack and plumbing at the tank battery, but we have been pumping the well consistently, albeit cautiously, for the past ten days. Our completions team has us going through all the proper steps of bringing on a new well, in a new formation (for the area), cautiously. It is still likely to be several weeks before we have a consistent/sustained production rate that we will press release and discuss in more detail. I know that answer doesn’t give you a definitive timeline, but we will let you know as soon as possible. Thanks, Mike Rice CFO

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8020 Admin20 days
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8020Admin started the topic EBY News Alert: Acquires Mineral Lease Adjacent to Kuhn 4 Well in group EMERALD BAY ENERGY INC

Emerald Bay Acquires Mineral Lease Adjacent to Kuhn 4 Well

Emerald Bay Acquires Mineral Lease Adjacent to Kuhn 4 Well

Calgary, Alberta (FSCwire) – Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the Company has leased mineral rights to 91.72 acres adjacent to the Kuhn lease at the Company’s Wooden Horse play in South Texas.  Additionally, the Company has selected the location for Kuhn 5 to be drilled as a Buda target.  The well will be surveyed and permitted in the coming weeks.  

 

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil, natural gas, and electricity generation interests in Central Alberta, Canada.  EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadeloupe, Texas, where the Company currently now owns a 50.00% working interest in those projects. The Company also owns 75% of Production Resources Inc., a South Texas oil company. 

To stay informed on Emerald Bay Energy, please join our Investor Group at https://www.8020connect.com/groups/emerald-bay-energy-inc  for all upcoming news releases, articles, comments and questions.

For further information, please contact:

Emerald Bay President, Shelby D. Beattie, by telephone at (403) 262-6000

Email: [email protected]

www.ebyinc.com.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect”, “plan”, “intend”, “anticipates”, “projects”, “potential”   or similar expressions.. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.  Forward-looking statements are statements that are not historical facts.

Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a well is actually developed. BOE’s may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Emerald Bay at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Emerald Bay that actual results achieved will be the same in whole or part as those indicated in the forward-looking statements.  Forward-looking statements in this document include statements regarding the Company’s exploration, drilling and development plans, the Company’s expectations regarding the timing and success of such programs. In particular, forward-looking information in this news release includes, but is not limited to, statements with respect to: pipeline acquisitions and leasing; pipeline permits, pipeline construction, production estimates, drilling operations, completion operations, funding and development goals.  Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, level of activity, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.  Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in the prices of oil and gas, uncertainties inherent in estimating quantities of oil and gas reserves and projecting future rates of production and timing of development activities, competition, operating risks, acquisition risks, liquidity and capital requirements, the effects of governmental regulation, adverse changes in the market for the Company’s oil and gas production, dependence upon third-party vendors, and other risks detailed in the Company’s periodic report filings with the applicable securities regulators.


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/EmeraldBayJan92018.pdf

Source: Emerald Bay Energy Inc. (TSX Venture:EBY, OTC Bulletin Board:EMBYF)



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mikerice25 days
Disclaimer

mikerice posted an update in the group EMERALD BAY ENERGY INC

Hello Emerald Bay shareholders and interested investors. I've posted the following eNewsletter for your review. Please click on the link below the image to view the full document and contact me if you have any questions. Thanks, Mike Rice CFO

Eby2

https://8020connect.s3.amazonaws.com/uploads/image/file/523/EBY_Newsletter_Jan_2018.pdf



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8020 Admin26 days
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8020Admin started the topic EBY News Alert: Announces Closing of Second/Final Tranche of Private Placement in group EMERALD BAY ENERGY INC

Emerald Bay Announces Closing of Second/Final Tranche of Private Placement

 

Emerald Bay Announces Closing of Second/Final Tranche of Private Placement


Calgary, Alberta (FSCwire) – Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Corporation” or “Emerald Bay“) today reported that the Corporation has closed the final tranche of its previously announced private placement. Pursuant to this fully subscribed closing of the private placement, an aggregate 10,000,000 units (“Units“) were issued to four (4) subscribers (of which 2,000,000 Units were acquired by an officer of the Corporation and 6,500,000 were acquired by an insider of the Corporation) at a price of $0.015 per Unit, for aggregate consideration of $150,000 ($250,000 was raised on Tranche 1 which closed on December 20, 2017 (on the same terms as this closing)).  Each Unit consisted of one (1) Common Share of the Corporation and one (1) share purchase warrant (the “Warrant“) (each full Warrant shall entitle the holder thereof to purchase one (1) additional Common Share of the Corporation for a period of 12 months from the issuance of the Units at a price of $0.05) (the “Offering“).  The Warrants are subject to an acceleration clause whereby if after four months and one day following the date the Warrants are issued, the closing price of the Common Shares of the Corporation on the principal market on which such shares trade is equal to or exceeds $0.10 for 30 consecutive trading days (with the 30th such trading date hereafter referred to as the “Eligible Acceleration Date“), the Warrant expiry date shall accelerate to the date which is 30 calendar days following the date a press release is issued by the Corporation announcing the reduced warrant term, provided, no more than five business days following the Eligible Acceleration Date: (i) the press release is issued; and (ii) notices are sent to all warrant holders.

 

The net proceeds will be used in respect existing drilling commitments on the Corporation’s assets in Texas, specifically in relation to the following:

 

  • at the Corporation’s Wooden Horse property, the Corporation: (i) will add lifting equipment to begin production operations on the recently drilled Kuhn 4 well, at an approximate cost of  USD$22,500; (ii) is evaluating locations for two new wells (Kuhn 5 and Kuhn 6) to be drilled as Buda formation targets at an estimated cost of USD$65,000 each; it is also anticipated that completing and equipping Kuhn 5 and Kuhn 6 will cost USD$35,000 each; and (iii) will renew leased acreage and lease acreage adjacent to the Wooden Horse property at an approximate cost of USD$35,000; and

 

  • at the Corporation’s Nash Creek property, the Corporation plans to drill short radius horizontal legs to the fault detected by the 3D seismic in the BeauMar 1 well at an approximate cost of USD$68,000.

 

All of the Common Shares and Warrants issued pursuant to the private placement are subject to a 4-month hold period. The terms of the private placement are according to the TSX Venture Exchange Discretionary Waivers of $0.05 Minimum Pricing Requirement Bulletin dated April 7, 2014 and completion of the private placement is subject to the final approval of the TSX Venture Exchange.   

  
About Emerald Bay

 

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil, natural gas, and electricity generation interests in Central Alberta, Canada.  EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadeloupe, Texas, where the Company currently now owns a 50.00% working interest in those projects. The Company also owns 75% of Production Resources Inc., a South Texas oil company. 

 

To stay informed on Emerald Bay Energy, please join our Investor Group at https://www.8020connect.com/groups/emerald-bay-energy-inc  for all upcoming news releases, articles, comments and questions.

 

For further information, please contact:

 

Emerald Bay President, Shelby D. Beattie, by telephone at (403) 262-6000

Email: [email protected]

www.ebyinc.com.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

Forward-Looking Statements

 

This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect”, “plan”, “intend”, “anticipates”, “projects”, “potential”   or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.  Forward-looking statements are statements that are not historical facts.

 

Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a well is actually developed. BOE’s may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Emerald Bay at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Emerald Bay that actual results achieved will be the same in whole or part as those indicated in the forward-looking statements.  Forward-looking statements in this document include statements regarding the Company’s exploration, drilling and development plans, the Company’s expectations regarding the timing and success of such programs. In particular, forward-looking information in this news release includes, but is not limited to, statements with respect to: pipeline acquisitions and leasing; pipeline permits, pipeline construction, production estimates, drilling operations, completion operations, funding and development goals.  Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, level of activity, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.  Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in the prices of oil and gas, uncertainties inherent in estimating quantities of oil and gas reserves and projecting future rates of production and timing of development activities, competition, operating risks, acquisition risks, liquidity and capital requirements, the effects of governmental regulation, adverse changes in the market for the Company’s oil and gas production, dependence upon third-party vendors, and other risks detailed in the Company’s periodic report filings with the applicable securities regulators.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/EmeraldBay01032018.pdf

Source: Emerald Bay Energy Inc. (TSX Venture:EBY, OTC Bulletin Board:EMBYF)

 



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NicknStock NicknStock posted an update in the group EMERALD BAY ENERGY INC

Happy new year to Emerald Bay, the best to come in 2018!!! Also, post on Twitter for the next year!



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Ketan Joshi has joined the group EMERALD BAY ENERGY INC



EMERALD BAY ENERGY INC

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Emerald Bay Energy Inc.  is an emerging oil and gas producer headquartered in Calgary, Alberta, Canada with productio……

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EMERALD BAY ENERGY INC

lockPrivate Group

Emerald Bay Energy Inc.  is an emerging oil and gas producer headquartered in Calgary, Alberta, Canada with productio… …

people111 Members

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James Bates has joined the group EMERALD BAY ENERGY INC



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8020Admin started the topic Lost comments/dialogue from EBY's Investor Group in group EMERALD BAY ENERGY INC

Due to some recent website upgrades last week, a couple of member comments/dialogue were subsequently lost from being posted.  Below is a recap of what those posts were to catch up:
 
 
Louis Paul:
Mike, you are going to produce Kuhn 3 in the Pecan gap formation and Kuhn 4 in the Buda formation. Is it possible to produce Kuhn 4 in the Austin Chalk formation at the same time ? What is the plan with the Austin Chalk formation of Kuhn 4 ? Thanks!
 
Mike Rice: 
Hello Louis, the short answer is yes, we can and might produce Kuhn 4 in the Austin Chalk in the future. We will surely test it at some point in the near future, but we do not have a definitive timeline at this point. I will keep you informed when we know more. Thanks, Mike
 
Louis Paul:
Thank you for the answer. I’m not sure I understand when you write : «The close proximity to the recently drilled Kuhn 4 well meant that we had to shut Kuhn 3 in when we drilled Kuhn 4.». I’m new in the business… :), can you explain a little.
 
Mike Rice:
Hi again Louis. That’s another good question. Field spacing rules are such that you cannot produce wells from the same formation/zone if they are closer than a certain distance to each other. Kuhn 4 and Kuhn 3 are quite close together and both were drilled as Austin Chalk targets. Kuhn 3 will be now be completed in the Pecan Gap formation, and Kuhn 4 is completed in the Buda formation currently and at some point in the future the Austin Chalk too. I hope that clarifies it. Let me know if you have any other questions. Mike



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8020Admin started the topic EBY News Alert: Issues Statement Regarding 50,000,000 Share Sell Order in group EMERALD BAY ENERGY INC

Emerald Bay Issues Statement Regarding 50,000,000 Share Sell Order

Emerald Bay Issues Statement Regarding 50,000,000 Share Sell Order

Calgary, Alberta (FSCwire) – Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) announced today that the Company has been informed by a broker that earlier today an error was made in regards to trading instructions whereby a clients order to offer 500,000 shares for sale at $0.035 was incorrectly entered as 50,000,000 shares.  It was subsequently corrected.  Emerald Bay appreciates that the broker acknowledged and corrected the mistake in a timely manner.

To stay informed on Emerald Bay Energy, please join our Investor Group at https://www.8020connect.com/groups/emerald-bay-energy-inc  for all upcoming news releases, articles, comments and questions.

For further information, please contact:

Emerald Bay President, Shelby D. Beattie, by telephone at (403) 262-6000

Email: [email protected]

www.ebyinc.com.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



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Dave has joined the group EMERALD BAY ENERGY INC



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8020 Admin10 days
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8020Admin started the topic EBY News Alert: Perforates Final Three Wells at MarPat Lease, Somerset Texas in group EMERALD BAY ENERGY INC

Emerald Bay Perforates Final Three Wells at MarPat Lease, Somerset Texas

Emerald Bay Perforates Final Three Wells at MarPat Lease, Somerset Texas

Calgary, Alberta (FSCwire) – Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) announced today that the Company began operations this morning to perforate the final three wells of the MarPat partnerships.  The MarPat wells have shown commercial viability in the Anacocho, Olmos, and Escondido formations.  To date, all the wells have been perforated in one of the three formations.  With the completion of these final three wells, oil production from the sixteen MarPat wells will be approximately 40 bbls/day, 10 bbls/day net to Emerald Bay at no cost to the Company.

The MarPat partnerships are farmouts whereby the farmees pay 100% of the drilling and equipping costs for a 75% working interest in the wells.  As the operator and farmor, Emerald Bay earns a 25% carried working interest ownership in the wells. 

Shelby Beattie, President and CEO of the Company commented, “The MarPat lease partnerships have been excellent projects for us to generate revenue and add reserves at no cost or risk to the Company.  With only one zone perforated in each of the MarPat wells there is certainly opportunity in the future for the partnerships to re-enter the wells and add additional production.  While we will continue to pursue similar development partnerships in the future, our primary focus remains our Kuhn exploration wells at Wooden Horse as well as the  Nash Creak project.”

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil, natural gas, and electricity generation interests in Central Alberta, Canada.  EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadeloupe, Texas, where the Company currently now owns a 50.00% working interest in those projects. The Company also owns 75% of Production Resources Inc., a South Texas oil company. 

To stay informed on Emerald Bay Energy, please join our Investor Group at https://www.8020connect.com/groups/emerald-bay-energy-inc  for all upcoming news releases, articles, comments and questions.

For further information, please contact:

Emerald Bay President, Shelby D. Beattie, by telephone at (403) 262-6000

Email: [email protected]

www.ebyinc.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect”, “plan”, “intend”, “anticipates”, “projects”, “potential”   or similar expressions.. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.  Forward-looking statements are statements that are not historical facts.

 

Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a well is actually developed. BOE’s may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Emerald Bay at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Emerald Bay that actual results achieved will be the same in whole or part as those indicated in the forward-looking statements.  Forward-looking statements in this document include statements regarding the Company’s exploration, drilling and development plans, the Company’s expectations regarding the timing and success of such programs. In particular, forward-looking information in this news release includes, but is not limited to, statements with respect to: pipeline acquisitions and leasing; pipeline permits, pipeline construction, production estimates, drilling operations, completion operations, funding and development goals.  Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, level of activity, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.  Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in the prices of oil and gas, uncertainties inherent in estimating quantities of oil and gas reserves and projecting future rates of production and timing of development activities, competition, operating risks, acquisition risks, liquidity and capital requirements, the effects of governmental regulation, adverse changes in the market for the Company’s oil and gas production, dependence upon third-party vendors, and other risks detailed in the Company’s periodic report filings with the applicable securities regulators.


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/EmeraldBay01192018.pdf



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Rick Parent has joined the group EMERALD BAY ENERGY INC



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marklajoie12 days

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Mike Rice13 days
Disclaimer

mikerice replied to the topic EBY News Alert: Re-Enters Kuhn 3 and Test Pecan Gap in group EMERALD BAY ENERGY INC

Emerald Bay to Re-Enter Kuhn 3 and Test Pecan Gap

Emerald Bay to Re-Enter Kuhn 3 and Test Pecan Gap

Calgary, Alberta (FSCwire) – Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) announced today that the Company plans to re-enter the Kuhn 3 well and complete the well in the Pecan Gap formation.  The Company will use one of the two service rigs owned by its subsidiary, Production Resources Inc. (PRI), to carry out the operation.  The operation will take place in the coming weeks with test results to follow shortly thereafter.

Shelby Beattie, President and CEO of the Company commented, “Current oil prices make this is an ideal time for the Company to re-enter Kuhn 3 and test the Pecan Gap as we had a good oil show from this formation when we originally drilled the well. The well is already tied in to our facilities and we will be able to begin production testing immediately upon completion of the operation.  Having the ability to use PRIs service rig on this operation will be a substantial savings for the Company, and this was one of the main reasons we acquired an increased ownership in PRI last summer.  We consider owning our own service rigs to be a strategic advantage that we will be able use to optimize production and maintain wells at our Wooden Horse, Nash Creek and Cottonwood Creek properties now, and in the future.”

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil, natural gas, and electricity generation interests in Central Alberta, Canada.  EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadeloupe, Texas, where the Company currently now owns a 50.00% working interest in those projects. The Company also owns 75% of Production Resources Inc., a South Texas oil company. 

To stay informed on Emerald Bay Energy, please join our Investor Group at https://www.8020connect.com/groups/emerald-bay-energy-inc for all upcoming news releases, articles, comments and questions.

For further information, please contact:

Emerald Bay President, Shelby D. Beattie, by telephone at (403) 262-6000

Email: [email protected]

www.ebyinc.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect”, “plan”, “intend”, “anticipates”, “projects”, “potential”   or similar expressions.. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.  Forward-looking statements are statements that are not historical facts.

Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a well is actually developed. BOE’s may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Emerald Bay at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Emerald Bay that actual results achieved will be the same in whole or part as those indicated in the forward-looking statements.  Forward-looking statements in this document include statements regarding the Company’s exploration, drilling and development plans, the Company’s expectations regarding the timing and success of such programs. In particular, forward-looking information in this news release includes, but is not limited to, statements with respect to: pipeline acquisitions and leasing; pipeline permits, pipeline construction, production estimates, drilling operations, completion operations, funding and development goals.  Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, level of activity, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.  Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in the prices of oil and gas, uncertainties inherent in estimating quantities of oil and gas reserves and projecting future rates of production and timing of development activities, competition, operating risks, acquisition risks, liquidity and capital requirements, the effects of governmental regulation, adverse changes in the market for the Company’s oil and gas production, dependence upon third-party vendors, and other risks detailed in the Company’s periodic report filings with the applicable securities regulators.


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/EmeraldBay01162018.pdf

Source: Emerald Bay Energy Inc. (TSX Venture:EBY, OTC Bulletin Board:EMBYF)


How many weeks before we get results from the Kuhn 4 well, thanks?
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Hello Darren, thanks for the question. As you know, Kuhn 4 started pumping right before Christmas. We had a couple of operational issues with the new pump jack and plumbing at the tank battery, but we have been pumping the well consistently, albeit cautiously, for the past ten days. Our completions team has us going through all the proper steps of bringing on a new well, in a new formation (for the area), cautiously. It is still likely to be several weeks before we have a consistent/sustained production rate that we will press release and discuss in more detail. I know that answer doesn’t give you a definitive timeline, but we will let you know as soon as possible. Thanks, Mike Rice CFO

Trevor Shaw has joined the group EMERALD BAY ENERGY INC



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mikerice13 days
Disclaimer

mikerice posted an update in the group EMERALD BAY ENERGY INC

Hello again Emerald Bay shareholders and interested investors. I've been asked to provide a little clarification on the Kuhn 3 well, as it was drilled last year as an Austin Chalk target. The close proximity to the recently drilled Kuhn 4 well meant that we had to shut Kuhn 3 in when we drilled Kuhn 4. To date we have completed Kuhn 4 in the Buda formation and are production testing it at this time. Kuhn 4 also had a good oil show in the Austin Chalk, so…. since Kuhn 3 is tied in to our facilities already, and with oil at nearly $65/bbl., the time is ideal to re-enter Kuhn 3 and complete it in the Pecan Gap formation with the idea being that we can produce both wells (Kuhn 3 and Kuhn 4) from the different formations, at the same time. Should you have any additional questions, please feel free to ask. Mike Rice CFO



Disclaimer

Darren Stewart replied to the topic EBY News Alert: Re-Enters Kuhn 3 and Test Pecan Gap in group EMERALD BAY ENERGY INC

Emerald Bay to Re-Enter Kuhn 3 and Test Pecan Gap

Emerald Bay to Re-Enter Kuhn 3 and Test Pecan Gap

Calgary, Alberta (FSCwire) – Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) announced today that the Company plans to re-enter the Kuhn 3 well and complete the well in the Pecan Gap formation.  The Company will use one of the two service rigs owned by its subsidiary, Production Resources Inc. (PRI), to carry out the operation.  The operation will take place in the coming weeks with test results to follow shortly thereafter.

Shelby Beattie, President and CEO of the Company commented, “Current oil prices make this is an ideal time for the Company to re-enter Kuhn 3 and test the Pecan Gap as we had a good oil show from this formation when we originally drilled the well. The well is already tied in to our facilities and we will be able to begin production testing immediately upon completion of the operation.  Having the ability to use PRIs service rig on this operation will be a substantial savings for the Company, and this was one of the main reasons we acquired an increased ownership in PRI last summer.  We consider owning our own service rigs to be a strategic advantage that we will be able use to optimize production and maintain wells at our Wooden Horse, Nash Creek and Cottonwood Creek properties now, and in the future.”

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil, natural gas, and electricity generation interests in Central Alberta, Canada.  EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadeloupe, Texas, where the Company currently now owns a 50.00% working interest in those projects. The Company also owns 75% of Production Resources Inc., a South Texas oil company. 

To stay informed on Emerald Bay Energy, please join our Investor Group at https://www.8020connect.com/groups/emerald-bay-energy-inc for all upcoming news releases, articles, comments and questions.

For further information, please contact:

Emerald Bay President, Shelby D. Beattie, by telephone at (403) 262-6000

Email: [email protected]

www.ebyinc.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect”, “plan”, “intend”, “anticipates”, “projects”, “potential”   or similar expressions.. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.  Forward-looking statements are statements that are not historical facts.

Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a well is actually developed. BOE’s may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Emerald Bay at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Emerald Bay that actual results achieved will be the same in whole or part as those indicated in the forward-looking statements.  Forward-looking statements in this document include statements regarding the Company’s exploration, drilling and development plans, the Company’s expectations regarding the timing and success of such programs. In particular, forward-looking information in this news release includes, but is not limited to, statements with respect to: pipeline acquisitions and leasing; pipeline permits, pipeline construction, production estimates, drilling operations, completion operations, funding and development goals.  Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, level of activity, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.  Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in the prices of oil and gas, uncertainties inherent in estimating quantities of oil and gas reserves and projecting future rates of production and timing of development activities, competition, operating risks, acquisition risks, liquidity and capital requirements, the effects of governmental regulation, adverse changes in the market for the Company’s oil and gas production, dependence upon third-party vendors, and other risks detailed in the Company’s periodic report filings with the applicable securities regulators.


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/EmeraldBay01162018.pdf

Source: Emerald Bay Energy Inc. (TSX Venture:EBY, OTC Bulletin Board:EMBYF)


How many weeks before we get results from the Kuhn 4 well, thanks?
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Hello Darren, thanks for the question. As you know, Kuhn 4 started pumping right before Christmas. We had a couple of operational issues with the new pump jack and plumbing at the tank battery, but we have been pumping the well consistently, albeit cautiously, for the past ten days. Our completions team has us going through all the proper steps of bringing on a new well, in a new formation (for the area), cautiously. It is still likely to be several weeks before we have a consistent/sustained production rate that we will press release and discuss in more detail. I know that answer doesn’t give you a definitive timeline, but we will let you know as soon as possible. Thanks, Mike Rice CFO

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mikerice13 days
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mikerice posted an update in the group EMERALD BAY ENERGY INC

Here is a photo of our other service rig.



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mikerice13 days
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mikerice posted an update in the group EMERALD BAY ENERGY INC

Hello Emerald Bay shareholders and interested investors. In response to our press release this morning, I've had a few questions about the service rigs I mentioned. Our subsidiary PRI owns two service rigs, capable of servicing wells up to 2500 feet deep. Emerald Bay owns 75% of PRI. One of the main reasons we increased our ownership in PRI was because of all the service equipment that PRI owns. This equipment gives us a cost effective means to service our wells.



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8020 Admin13 days
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8020Admin started the topic EBY News Alert: Re-Enters Kuhn 3 and Test Pecan Gap in group EMERALD BAY ENERGY INC

Emerald Bay to Re-Enter Kuhn 3 and Test Pecan Gap

Emerald Bay to Re-Enter Kuhn 3 and Test Pecan Gap

Calgary, Alberta (FSCwire) – Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) announced today that the Company plans to re-enter the Kuhn 3 well and complete the well in the Pecan Gap formation.  The Company will use one of the two service rigs owned by its subsidiary, Production Resources Inc. (PRI), to carry out the operation.  The operation will take place in the coming weeks with test results to follow shortly thereafter.

Shelby Beattie, President and CEO of the Company commented, “Current oil prices make this is an ideal time for the Company to re-enter Kuhn 3 and test the Pecan Gap as we had a good oil show from this formation when we originally drilled the well. The well is already tied in to our facilities and we will be able to begin production testing immediately upon completion of the operation.  Having the ability to use PRIs service rig on this operation will be a substantial savings for the Company, and this was one of the main reasons we acquired an increased ownership in PRI last summer.  We consider owning our own service rigs to be a strategic advantage that we will be able use to optimize production and maintain wells at our Wooden Horse, Nash Creek and Cottonwood Creek properties now, and in the future.”

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil, natural gas, and electricity generation interests in Central Alberta, Canada.  EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadeloupe, Texas, where the Company currently now owns a 50.00% working interest in those projects. The Company also owns 75% of Production Resources Inc., a South Texas oil company. 

To stay informed on Emerald Bay Energy, please join our Investor Group at https://www.8020connect.com/groups/emerald-bay-energy-inc for all upcoming news releases, articles, comments and questions.

For further information, please contact:

Emerald Bay President, Shelby D. Beattie, by telephone at (403) 262-6000

Email: [email protected]

www.ebyinc.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect”, “plan”, “intend”, “anticipates”, “projects”, “potential”   or similar expressions.. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.  Forward-looking statements are statements that are not historical facts.

Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a well is actually developed. BOE’s may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Emerald Bay at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Emerald Bay that actual results achieved will be the same in whole or part as those indicated in the forward-looking statements.  Forward-looking statements in this document include statements regarding the Company’s exploration, drilling and development plans, the Company’s expectations regarding the timing and success of such programs. In particular, forward-looking information in this news release includes, but is not limited to, statements with respect to: pipeline acquisitions and leasing; pipeline permits, pipeline construction, production estimates, drilling operations, completion operations, funding and development goals.  Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, level of activity, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.  Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in the prices of oil and gas, uncertainties inherent in estimating quantities of oil and gas reserves and projecting future rates of production and timing of development activities, competition, operating risks, acquisition risks, liquidity and capital requirements, the effects of governmental regulation, adverse changes in the market for the Company’s oil and gas production, dependence upon third-party vendors, and other risks detailed in the Company’s periodic report filings with the applicable securities regulators.


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/EmeraldBay01162018.pdf

Source: Emerald Bay Energy Inc. (TSX Venture:EBY, OTC Bulletin Board:EMBYF)


How many weeks before we get results from the Kuhn 4 well, thanks?
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Hello Darren, thanks for the question. As you know, Kuhn 4 started pumping right before Christmas. We had a couple of operational issues with the new pump jack and plumbing at the tank battery, but we have been pumping the well consistently, albeit cautiously, for the past ten days. Our completions team has us going through all the proper steps of bringing on a new well, in a new formation (for the area), cautiously. It is still likely to be several weeks before we have a consistent/sustained production rate that we will press release and discuss in more detail. I know that answer doesn’t give you a definitive timeline, but we will let you know as soon as possible. Thanks, Mike Rice CFO

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8020 Admin20 days
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8020Admin started the topic EBY News Alert: Acquires Mineral Lease Adjacent to Kuhn 4 Well in group EMERALD BAY ENERGY INC

Emerald Bay Acquires Mineral Lease Adjacent to Kuhn 4 Well

Emerald Bay Acquires Mineral Lease Adjacent to Kuhn 4 Well

Calgary, Alberta (FSCwire) – Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the Company has leased mineral rights to 91.72 acres adjacent to the Kuhn lease at the Company’s Wooden Horse play in South Texas.  Additionally, the Company has selected the location for Kuhn 5 to be drilled as a Buda target.  The well will be surveyed and permitted in the coming weeks.  

 

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil, natural gas, and electricity generation interests in Central Alberta, Canada.  EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadeloupe, Texas, where the Company currently now owns a 50.00% working interest in those projects. The Company also owns 75% of Production Resources Inc., a South Texas oil company. 

To stay informed on Emerald Bay Energy, please join our Investor Group at https://www.8020connect.com/groups/emerald-bay-energy-inc  for all upcoming news releases, articles, comments and questions.

For further information, please contact:

Emerald Bay President, Shelby D. Beattie, by telephone at (403) 262-6000

Email: [email protected]

www.ebyinc.com.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect”, “plan”, “intend”, “anticipates”, “projects”, “potential”   or similar expressions.. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.  Forward-looking statements are statements that are not historical facts.

Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a well is actually developed. BOE’s may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Emerald Bay at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Emerald Bay that actual results achieved will be the same in whole or part as those indicated in the forward-looking statements.  Forward-looking statements in this document include statements regarding the Company’s exploration, drilling and development plans, the Company’s expectations regarding the timing and success of such programs. In particular, forward-looking information in this news release includes, but is not limited to, statements with respect to: pipeline acquisitions and leasing; pipeline permits, pipeline construction, production estimates, drilling operations, completion operations, funding and development goals.  Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, level of activity, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.  Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in the prices of oil and gas, uncertainties inherent in estimating quantities of oil and gas reserves and projecting future rates of production and timing of development activities, competition, operating risks, acquisition risks, liquidity and capital requirements, the effects of governmental regulation, adverse changes in the market for the Company’s oil and gas production, dependence upon third-party vendors, and other risks detailed in the Company’s periodic report filings with the applicable securities regulators.


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/EmeraldBayJan92018.pdf

Source: Emerald Bay Energy Inc. (TSX Venture:EBY, OTC Bulletin Board:EMBYF)



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mikerice25 days
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mikerice posted an update in the group EMERALD BAY ENERGY INC

Hello Emerald Bay shareholders and interested investors. I've posted the following eNewsletter for your review. Please click on the link below the image to view the full document and contact me if you have any questions. Thanks, Mike Rice CFO

Eby2

https://8020connect.s3.amazonaws.com/uploads/image/file/523/EBY_Newsletter_Jan_2018.pdf



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8020 Admin26 days
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8020Admin started the topic EBY News Alert: Announces Closing of Second/Final Tranche of Private Placement in group EMERALD BAY ENERGY INC

Emerald Bay Announces Closing of Second/Final Tranche of Private Placement

 

Emerald Bay Announces Closing of Second/Final Tranche of Private Placement


Calgary, Alberta (FSCwire) – Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Corporation” or “Emerald Bay“) today reported that the Corporation has closed the final tranche of its previously announced private placement. Pursuant to this fully subscribed closing of the private placement, an aggregate 10,000,000 units (“Units“) were issued to four (4) subscribers (of which 2,000,000 Units were acquired by an officer of the Corporation and 6,500,000 were acquired by an insider of the Corporation) at a price of $0.015 per Unit, for aggregate consideration of $150,000 ($250,000 was raised on Tranche 1 which closed on December 20, 2017 (on the same terms as this closing)).  Each Unit consisted of one (1) Common Share of the Corporation and one (1) share purchase warrant (the “Warrant“) (each full Warrant shall entitle the holder thereof to purchase one (1) additional Common Share of the Corporation for a period of 12 months from the issuance of the Units at a price of $0.05) (the “Offering“).  The Warrants are subject to an acceleration clause whereby if after four months and one day following the date the Warrants are issued, the closing price of the Common Shares of the Corporation on the principal market on which such shares trade is equal to or exceeds $0.10 for 30 consecutive trading days (with the 30th such trading date hereafter referred to as the “Eligible Acceleration Date“), the Warrant expiry date shall accelerate to the date which is 30 calendar days following the date a press release is issued by the Corporation announcing the reduced warrant term, provided, no more than five business days following the Eligible Acceleration Date: (i) the press release is issued; and (ii) notices are sent to all warrant holders.

 

The net proceeds will be used in respect existing drilling commitments on the Corporation’s assets in Texas, specifically in relation to the following:

 

  • at the Corporation’s Wooden Horse property, the Corporation: (i) will add lifting equipment to begin production operations on the recently drilled Kuhn 4 well, at an approximate cost of  USD$22,500; (ii) is evaluating locations for two new wells (Kuhn 5 and Kuhn 6) to be drilled as Buda formation targets at an estimated cost of USD$65,000 each; it is also anticipated that completing and equipping Kuhn 5 and Kuhn 6 will cost USD$35,000 each; and (iii) will renew leased acreage and lease acreage adjacent to the Wooden Horse property at an approximate cost of USD$35,000; and

 

  • at the Corporation’s Nash Creek property, the Corporation plans to drill short radius horizontal legs to the fault detected by the 3D seismic in the BeauMar 1 well at an approximate cost of USD$68,000.

 

All of the Common Shares and Warrants issued pursuant to the private placement are subject to a 4-month hold period. The terms of the private placement are according to the TSX Venture Exchange Discretionary Waivers of $0.05 Minimum Pricing Requirement Bulletin dated April 7, 2014 and completion of the private placement is subject to the final approval of the TSX Venture Exchange.   

  
About Emerald Bay

 

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil, natural gas, and electricity generation interests in Central Alberta, Canada.  EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadeloupe, Texas, where the Company currently now owns a 50.00% working interest in those projects. The Company also owns 75% of Production Resources Inc., a South Texas oil company. 

 

To stay informed on Emerald Bay Energy, please join our Investor Group at https://www.8020connect.com/groups/emerald-bay-energy-inc  for all upcoming news releases, articles, comments and questions.

 

For further information, please contact:

 

Emerald Bay President, Shelby D. Beattie, by telephone at (403) 262-6000

Email: [email protected]

www.ebyinc.com.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

Forward-Looking Statements

 

This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect”, “plan”, “intend”, “anticipates”, “projects”, “potential”   or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.  Forward-looking statements are statements that are not historical facts.

 

Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a well is actually developed. BOE’s may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Emerald Bay at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Emerald Bay that actual results achieved will be the same in whole or part as those indicated in the forward-looking statements.  Forward-looking statements in this document include statements regarding the Company’s exploration, drilling and development plans, the Company’s expectations regarding the timing and success of such programs. In particular, forward-looking information in this news release includes, but is not limited to, statements with respect to: pipeline acquisitions and leasing; pipeline permits, pipeline construction, production estimates, drilling operations, completion operations, funding and development goals.  Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, level of activity, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.  Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in the prices of oil and gas, uncertainties inherent in estimating quantities of oil and gas reserves and projecting future rates of production and timing of development activities, competition, operating risks, acquisition risks, liquidity and capital requirements, the effects of governmental regulation, adverse changes in the market for the Company’s oil and gas production, dependence upon third-party vendors, and other risks detailed in the Company’s periodic report filings with the applicable securities regulators.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/EmeraldBay01032018.pdf

Source: Emerald Bay Energy Inc. (TSX Venture:EBY, OTC Bulletin Board:EMBYF)

 



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NicknStock NicknStock posted an update in the group EMERALD BAY ENERGY INC

Happy new year to Emerald Bay, the best to come in 2018!!! Also, post on Twitter for the next year!



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