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 production properties in South Texas, USA. To remain agile and adjust to market conditions, Emerald Bay has transitioned from a research and development entity to exploration and production...

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EMERALD BAY ENERGY INC

lockPrivateGroup

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

people138 Members        (0)

8020 Admin posted a press release Emerald Bay Energy Begins Kuhn 3 Re-Entry in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that operations have begun to re-enter the Kuhn 3 well and acidize the previously unstimulated Upper Austin Chalk formation.  As Kuhn 3 is 40 feet high to the recently completed Kuhn 4 well, our technical team anticipates similar, if not better results.  The well will be swab tested over the next over the next 7-10 days to determine flow rates, and the Company will provide further information when it is available.

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 and natural gas 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: info@ebyinc.com

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.



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

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Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

4 days

...

That is correct Louis Paul.keyboard_arrow_downShow Post

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Thumb 8020 monitor 200 200  png

8020 Admin

17 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to provide the following update on the Kuhn 4 and Kuhn 3 wells at the Company’s Wooden Horse project in Southwest Texas.

With the recent successful results in drilling and testing the Kuhn A5 well, the Company has begun moving forward with the following operations:

 

  • Kuhn 4 was re-entered and perforated in the Austin Chalk formation earlier this week, and then stimulated with acid.  The well is currently flowing unassisted and over the past 48 hours the well and has produced over 300 bbls of fluid.  Our technical team estimates that the well will produce approximately 1200 bbls per day of total fluid with a 10% oil cut.  The existing pumpjack is now being replaced with an Electric Submersible Pump (ESP) to increase flow rates.

 

  • Kuhn 3 will now be re-entered and stimulated with acid as the well has been producing unstimulated to date.  We will then deploy an ESP in Kuhn 3 to increase the flow rates.  As Kuhn 3 is 40 feet high to Kuhn 4 our technical team anticipates similar, if not better results to Kuhn 4.

The Kuhn A5, Kuhn 4, and Kuhn 3 wells confirm the Austin Chalk as the primary target at Wooden Horse and the Buda formation will be developed after depleting the Austin Chalk.

Commented Shelby D. Beattie, President and CEO, “Having invested over $1,000,000 in our production facilities, including our salt water disposal well, we have the capability to produce high fluid volume wells as we move forward with our development of the Wooden Horse property.”

 

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 and natural gas 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: info@ebyinc.com

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 the original release, please click here


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

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Louis Paul replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

4 days

...

In my example with a production of 100 barrels, suppose the royalties are 20%, does that mean that EBY gets the revenue of 40 barrels? Thank you for following up and continue your excellent work.keyboard_arrow_downShow Post

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Thumb 8020 monitor 200 200  png

8020 Admin

17 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to provide the following update on the Kuhn 4 and Kuhn 3 wells at the Company’s Wooden Horse project in Southwest Texas.

With the recent successful results in drilling and testing the Kuhn A5 well, the Company has begun moving forward with the following operations:

 

  • Kuhn 4 was re-entered and perforated in the Austin Chalk formation earlier this week, and then stimulated with acid.  The well is currently flowing unassisted and over the past 48 hours the well and has produced over 300 bbls of fluid.  Our technical team estimates that the well will produce approximately 1200 bbls per day of total fluid with a 10% oil cut.  The existing pumpjack is now being replaced with an Electric Submersible Pump (ESP) to increase flow rates.

 

  • Kuhn 3 will now be re-entered and stimulated with acid as the well has been producing unstimulated to date.  We will then deploy an ESP in Kuhn 3 to increase the flow rates.  As Kuhn 3 is 40 feet high to Kuhn 4 our technical team anticipates similar, if not better results to Kuhn 4.

The Kuhn A5, Kuhn 4, and Kuhn 3 wells confirm the Austin Chalk as the primary target at Wooden Horse and the Buda formation will be developed after depleting the Austin Chalk.

Commented Shelby D. Beattie, President and CEO, “Having invested over $1,000,000 in our production facilities, including our salt water disposal well, we have the capability to produce high fluid volume wells as we move forward with our development of the Wooden Horse property.”

 

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 and natural gas 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: info@ebyinc.com

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 the original release, please click here


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

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

4 days

...

If you have any additional questions, please let me know Louis. Mike Rice CFOkeyboard_arrow_downShow Post

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Thumb 8020 monitor 200 200  png

8020 Admin

17 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to provide the following update on the Kuhn 4 and Kuhn 3 wells at the Company’s Wooden Horse project in Southwest Texas.

With the recent successful results in drilling and testing the Kuhn A5 well, the Company has begun moving forward with the following operations:

 

  • Kuhn 4 was re-entered and perforated in the Austin Chalk formation earlier this week, and then stimulated with acid.  The well is currently flowing unassisted and over the past 48 hours the well and has produced over 300 bbls of fluid.  Our technical team estimates that the well will produce approximately 1200 bbls per day of total fluid with a 10% oil cut.  The existing pumpjack is now being replaced with an Electric Submersible Pump (ESP) to increase flow rates.

 

  • Kuhn 3 will now be re-entered and stimulated with acid as the well has been producing unstimulated to date.  We will then deploy an ESP in Kuhn 3 to increase the flow rates.  As Kuhn 3 is 40 feet high to Kuhn 4 our technical team anticipates similar, if not better results to Kuhn 4.

The Kuhn A5, Kuhn 4, and Kuhn 3 wells confirm the Austin Chalk as the primary target at Wooden Horse and the Buda formation will be developed after depleting the Austin Chalk.

Commented Shelby D. Beattie, President and CEO, “Having invested over $1,000,000 in our production facilities, including our salt water disposal well, we have the capability to produce high fluid volume wells as we move forward with our development of the Wooden Horse property.”

 

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 and natural gas 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: info@ebyinc.com

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 the original release, please click here


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

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

4 days

...

Hello Louis, I thought I had answered you previously on this. My apologies. Your assumption is correct. A 50% working interest means that we pay 50% of costs and receive 50% of the revenue net of royalties. To clarify when oil companies lease mineral rights there are royalties that are the first thing paid. A typical lease for us in Texas is 70-80%, meaning that 20-30% is paid in royalties to the lessor and the balance is what we get. keyboard_arrow_downShow Post

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Thumb 8020 monitor 200 200  png

8020 Admin

17 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to provide the following update on the Kuhn 4 and Kuhn 3 wells at the Company’s Wooden Horse project in Southwest Texas.

With the recent successful results in drilling and testing the Kuhn A5 well, the Company has begun moving forward with the following operations:

 

  • Kuhn 4 was re-entered and perforated in the Austin Chalk formation earlier this week, and then stimulated with acid.  The well is currently flowing unassisted and over the past 48 hours the well and has produced over 300 bbls of fluid.  Our technical team estimates that the well will produce approximately 1200 bbls per day of total fluid with a 10% oil cut.  The existing pumpjack is now being replaced with an Electric Submersible Pump (ESP) to increase flow rates.

 

  • Kuhn 3 will now be re-entered and stimulated with acid as the well has been producing unstimulated to date.  We will then deploy an ESP in Kuhn 3 to increase the flow rates.  As Kuhn 3 is 40 feet high to Kuhn 4 our technical team anticipates similar, if not better results to Kuhn 4.

The Kuhn A5, Kuhn 4, and Kuhn 3 wells confirm the Austin Chalk as the primary target at Wooden Horse and the Buda formation will be developed after depleting the Austin Chalk.

Commented Shelby D. Beattie, President and CEO, “Having invested over $1,000,000 in our production facilities, including our salt water disposal well, we have the capability to produce high fluid volume wells as we move forward with our development of the Wooden Horse property.”

 

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 and natural gas 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: info@ebyinc.com

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 the original release, please click here


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

!
Thumb no photo

Louis Paul replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

4 days

...

It's getting harder and harder to get answers here. It's a shame because I really like this company. Maybe a member of 8020 can help me understand what it means when they mention that EBY owns a 50.00% working interest in those projects. For example, when a Wooden Horse well produces 100 barrels of oil a day, is it just the 50 barrel revenue that will appear in EBY's financial results? I'm sure someone here can answer that. Thank you!keyboard_arrow_downShow Post

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Thumb 8020 monitor 200 200  png

8020 Admin

17 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to provide the following update on the Kuhn 4 and Kuhn 3 wells at the Company’s Wooden Horse project in Southwest Texas.

With the recent successful results in drilling and testing the Kuhn A5 well, the Company has begun moving forward with the following operations:

 

  • Kuhn 4 was re-entered and perforated in the Austin Chalk formation earlier this week, and then stimulated with acid.  The well is currently flowing unassisted and over the past 48 hours the well and has produced over 300 bbls of fluid.  Our technical team estimates that the well will produce approximately 1200 bbls per day of total fluid with a 10% oil cut.  The existing pumpjack is now being replaced with an Electric Submersible Pump (ESP) to increase flow rates.

 

  • Kuhn 3 will now be re-entered and stimulated with acid as the well has been producing unstimulated to date.  We will then deploy an ESP in Kuhn 3 to increase the flow rates.  As Kuhn 3 is 40 feet high to Kuhn 4 our technical team anticipates similar, if not better results to Kuhn 4.

The Kuhn A5, Kuhn 4, and Kuhn 3 wells confirm the Austin Chalk as the primary target at Wooden Horse and the Buda formation will be developed after depleting the Austin Chalk.

Commented Shelby D. Beattie, President and CEO, “Having invested over $1,000,000 in our production facilities, including our salt water disposal well, we have the capability to produce high fluid volume wells as we move forward with our development of the Wooden Horse property.”

 

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 and natural gas 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: info@ebyinc.com

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 the original release, please click here


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

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Louis Paul replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

15 days

...

Hi Mike, when we read that: "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 " Can you explain what it means more concretely in terms of costs, revenues and profits for EBY. Thank you and have a good day. Louiskeyboard_arrow_downShow Post

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8020 Admin

17 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to provide the following update on the Kuhn 4 and Kuhn 3 wells at the Company’s Wooden Horse project in Southwest Texas.

With the recent successful results in drilling and testing the Kuhn A5 well, the Company has begun moving forward with the following operations:

 

  • Kuhn 4 was re-entered and perforated in the Austin Chalk formation earlier this week, and then stimulated with acid.  The well is currently flowing unassisted and over the past 48 hours the well and has produced over 300 bbls of fluid.  Our technical team estimates that the well will produce approximately 1200 bbls per day of total fluid with a 10% oil cut.  The existing pumpjack is now being replaced with an Electric Submersible Pump (ESP) to increase flow rates.

 

  • Kuhn 3 will now be re-entered and stimulated with acid as the well has been producing unstimulated to date.  We will then deploy an ESP in Kuhn 3 to increase the flow rates.  As Kuhn 3 is 40 feet high to Kuhn 4 our technical team anticipates similar, if not better results to Kuhn 4.

The Kuhn A5, Kuhn 4, and Kuhn 3 wells confirm the Austin Chalk as the primary target at Wooden Horse and the Buda formation will be developed after depleting the Austin Chalk.

Commented Shelby D. Beattie, President and CEO, “Having invested over $1,000,000 in our production facilities, including our salt water disposal well, we have the capability to produce high fluid volume wells as we move forward with our development of the Wooden Horse property.”

 

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 and natural gas 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: info@ebyinc.com

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 the original release, please click here


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

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8020 Admin

17 days

8020 Admin posted a press release Emerald Bay Energy Reports on Kuhn 4 and Kuhn 3 Wells in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to provide the following update on the Kuhn 4 and Kuhn 3 wells at the Company’s Wooden Horse project in Southwest Texas.

With the recent successful results in drilling and testing the Kuhn A5 well, the Company has begun moving forward with the following operations:

 

  • Kuhn 4 was re-entered and perforated in the Austin Chalk formation earlier this week, and then stimulated with acid.  The well is currently flowing unassisted and over the past 48 hours the well and has produced over 300 bbls of fluid.  Our technical team estimates that the well will produce approximately 1200 bbls per day of total fluid with a 10% oil cut.  The existing pumpjack is now being replaced with an Electric Submersible Pump (ESP) to increase flow rates.

 

  • Kuhn 3 will now be re-entered and stimulated with acid as the well has been producing unstimulated to date.  We will then deploy an ESP in Kuhn 3 to increase the flow rates.  As Kuhn 3 is 40 feet high to Kuhn 4 our technical team anticipates similar, if not better results to Kuhn 4.

The Kuhn A5, Kuhn 4, and Kuhn 3 wells confirm the Austin Chalk as the primary target at Wooden Horse and the Buda formation will be developed after depleting the Austin Chalk.

Commented Shelby D. Beattie, President and CEO, “Having invested over $1,000,000 in our production facilities, including our salt water disposal well, we have the capability to produce high fluid volume wells as we move forward with our development of the Wooden Horse property.”

 

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 and natural gas 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: info@ebyinc.com

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 the original release, please click here


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

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Mike Rice

23 days

Mike Rice posted a News Item Emerald Bay Energy AGM - Review of past year highlights. in EMERALD BAY ENERGY INC

To all our valued shareholders and interested investors:

I wanted to give a little more insight to our recent news release regarding our operational and financial highlights for the year that were discussed at our AGM this week.

It is clear that our decision last year to increase our working interest in the Wooden Horse, Nash Creek and Cottonwood projects from 27.8% to 50% is starting to pay off.   Emerald Bay will realize a significant increase in revenue from all wells drilled, completed, and put online to date and in the future. This is nearly double what Emerald Bay previously held as a WI,  and will certainly be a benefit as we deliver crude oil to market going forward.

The two recently drilled wells at Wooden Horse (Kuhn4 and Kuhn A5) were both successful, and this will begin to show financial increases to our shareholders value on future quarterly and annual financial reports.

The Kuhn 3 well at Wooden Horse was re-completed and is now producing. This is significant as it was a non-producing asset prior to this successful re-completion.

As a result of the successful drilling of Kuhn 4, Kuhn A5, and the re-completion of the Kuhn 3 well, we sought to acquire more land to lease adjacent to these wells. We have been successful in acquiring this additional lands where further wells will be drilled in the coming weeks and months. We are very optimistic that we will continue to have success, as we have a high level of condidence in our new technical team and their evaluation of the 3-D seismic at Wooden Horse.

To round out our technical team, we recently added two operations experts that have worked in the South Texas area for another company for several years. This was a significant addition , and has already proved invaluable as we have begun producing wells in these formations for the first time in this area.   

Emerald Bay has increased its ownership in Production Resources Inc. (PRI) from 10% to 75%, which will continue to show significant shareholder value over time.  Over the past year, PRI has re-worked 40+ wells in the Somerset and Taylor-Ina fields,  and as a result has seen an increase in daily production of 28%. 

Emerald Bay also completed 8 additional Marpat wells, for a total of 16 wells with our joint venture farm-in partner. Emerald Bay has a carried interest of 25%, and we are the operator of this project.  The 25% carried working interest came at no cost to EBY.

We are very excited to have eliminated $1.33M of debt over the past year.   To accomplish this we sold our entire working interest in the Nevis Power project in Alberta for $408K.  With electricity prices continuing to languish at historical lows we were very fortunate to divest of this asset for our costs to date. 

Additionally, we recently settled debt of $925K for shares at $0.05/share conversion.  The lender was an entity owned by our largest shareholder and his willingness to convert this loan to shares at essentially double the current market price is a real vote of confidence for the path that Emerald Bay is on.

Emerald Bay also completed three (3) Private Placements over the past year totalling $1.22M

As we look to the future, we were very excited to present our new website at the AGM.  Our new website is part of our ongoing committment to inform and educate our shareholders and interested investors as to what we are doing and when.  The new website will launch within the next week.

Please feel free to ask any questions pertaining to these past year highlights.

Mike Rice

CFO

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8020 Admin

24 days

8020 Admin posted a press release Emerald Bay Energy Reports on Annual Shareholders Meeting in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to provide the following report on the Annual and Special Meeting of Shareholders held yesterday, June 27, 2018. 

Shelby D. Beattie, Gibson C. Scott, Kendall Dilling, and Conrad Wagenaar were elected to serve as Directors of the Company.  BDO Canada LLP was appointed as Auditors of the Corporation.  Resolutions regarding the Company’s Stock Option Plan and a possible future Share Consolidation, as outlined in pages 15-17 of the Company’s Information Circular, were approved.

The following operational and financial highlights of the past year were reported on:

  • The Company increased its working interest ownership in the Wooden Horse, Nash Creek, and Cottonwood Creek projects from 27.78% to 50%.
  • The Company drilled two new wells (Kuhn 4 and Kuhn A5) at Wooden Horse.
  • The Company re-completed Kuhn 3 at Wooden Horse.
  • The Company acquired additional offset acreage at Wooden Horse.
  • The Company added a new technical team to evaluate and execute development plans at Wooden Horse and Nash Creek.
  • The Company increased its ownership in Production Resources Inc. (PRI) from 10% to 75%.
  • PRI re-worked 40+ wells in Somerset and Taylor-Ina to increase daily production 28%
  • The Company completed 8 additional MarPat wells, for a total of 16 wells, to earn a 25% carried working interest in the wells.
  • The Company eliminated $1,332,334 of debt by selling its entire interest in the Nevis power project in Alberta for $407,676, and settling $924,658 of debt for shares at $0.05/share.
  • The Company completed three Private Placements for proceeds of $1,220,000.

Also during the meeting, the Company announced that it has been working on a new website as part of an ongoing marketing campaign.  The new website is near completion and was presented at the meeting.  The new website will launch in the coming days.

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 and natural gas 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: info@ebyinc.com

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.


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

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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 production properties in South Texas, USA. To remain agile and adjust to market conditions, Emerald Bay has transitioned from a research and development entity to exploration and production...

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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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8020 Admin posted a press release Emerald Bay Energy Begins Kuhn 3 Re-Entry in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that operations have begun to re-enter the Kuhn 3 well and acidize the previously unstimulated Upper Austin Chalk formation.  As Kuhn 3 is 40 feet high to the recently completed Kuhn 4 well, our technical team anticipates similar, if not better results.  The well will be swab tested over the next over the next 7-10 days to determine flow rates, and the Company will provide further information when it is available.

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 and natural gas 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: info@ebyinc.com

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.



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

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Mike Rice replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

4 days

...

That is correct Louis Paul.keyboard_arrow_downShow Post

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8020 Admin

17 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to provide the following update on the Kuhn 4 and Kuhn 3 wells at the Company’s Wooden Horse project in Southwest Texas.

With the recent successful results in drilling and testing the Kuhn A5 well, the Company has begun moving forward with the following operations:

 

  • Kuhn 4 was re-entered and perforated in the Austin Chalk formation earlier this week, and then stimulated with acid.  The well is currently flowing unassisted and over the past 48 hours the well and has produced over 300 bbls of fluid.  Our technical team estimates that the well will produce approximately 1200 bbls per day of total fluid with a 10% oil cut.  The existing pumpjack is now being replaced with an Electric Submersible Pump (ESP) to increase flow rates.

 

  • Kuhn 3 will now be re-entered and stimulated with acid as the well has been producing unstimulated to date.  We will then deploy an ESP in Kuhn 3 to increase the flow rates.  As Kuhn 3 is 40 feet high to Kuhn 4 our technical team anticipates similar, if not better results to Kuhn 4.

The Kuhn A5, Kuhn 4, and Kuhn 3 wells confirm the Austin Chalk as the primary target at Wooden Horse and the Buda formation will be developed after depleting the Austin Chalk.

Commented Shelby D. Beattie, President and CEO, “Having invested over $1,000,000 in our production facilities, including our salt water disposal well, we have the capability to produce high fluid volume wells as we move forward with our development of the Wooden Horse property.”

 

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 and natural gas 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: info@ebyinc.com

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 the original release, please click here


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

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Louis Paul replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

4 days

...

In my example with a production of 100 barrels, suppose the royalties are 20%, does that mean that EBY gets the revenue of 40 barrels? Thank you for following up and continue your excellent work.keyboard_arrow_downShow Post

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8020 Admin

17 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to provide the following update on the Kuhn 4 and Kuhn 3 wells at the Company’s Wooden Horse project in Southwest Texas.

With the recent successful results in drilling and testing the Kuhn A5 well, the Company has begun moving forward with the following operations:

 

  • Kuhn 4 was re-entered and perforated in the Austin Chalk formation earlier this week, and then stimulated with acid.  The well is currently flowing unassisted and over the past 48 hours the well and has produced over 300 bbls of fluid.  Our technical team estimates that the well will produce approximately 1200 bbls per day of total fluid with a 10% oil cut.  The existing pumpjack is now being replaced with an Electric Submersible Pump (ESP) to increase flow rates.

 

  • Kuhn 3 will now be re-entered and stimulated with acid as the well has been producing unstimulated to date.  We will then deploy an ESP in Kuhn 3 to increase the flow rates.  As Kuhn 3 is 40 feet high to Kuhn 4 our technical team anticipates similar, if not better results to Kuhn 4.

The Kuhn A5, Kuhn 4, and Kuhn 3 wells confirm the Austin Chalk as the primary target at Wooden Horse and the Buda formation will be developed after depleting the Austin Chalk.

Commented Shelby D. Beattie, President and CEO, “Having invested over $1,000,000 in our production facilities, including our salt water disposal well, we have the capability to produce high fluid volume wells as we move forward with our development of the Wooden Horse property.”

 

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 and natural gas 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: info@ebyinc.com

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 the original release, please click here


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

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Mike Rice replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

4 days

...

If you have any additional questions, please let me know Louis. Mike Rice CFOkeyboard_arrow_downShow Post

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Thumb 8020 monitor 200 200  png

8020 Admin

17 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to provide the following update on the Kuhn 4 and Kuhn 3 wells at the Company’s Wooden Horse project in Southwest Texas.

With the recent successful results in drilling and testing the Kuhn A5 well, the Company has begun moving forward with the following operations:

 

  • Kuhn 4 was re-entered and perforated in the Austin Chalk formation earlier this week, and then stimulated with acid.  The well is currently flowing unassisted and over the past 48 hours the well and has produced over 300 bbls of fluid.  Our technical team estimates that the well will produce approximately 1200 bbls per day of total fluid with a 10% oil cut.  The existing pumpjack is now being replaced with an Electric Submersible Pump (ESP) to increase flow rates.

 

  • Kuhn 3 will now be re-entered and stimulated with acid as the well has been producing unstimulated to date.  We will then deploy an ESP in Kuhn 3 to increase the flow rates.  As Kuhn 3 is 40 feet high to Kuhn 4 our technical team anticipates similar, if not better results to Kuhn 4.

The Kuhn A5, Kuhn 4, and Kuhn 3 wells confirm the Austin Chalk as the primary target at Wooden Horse and the Buda formation will be developed after depleting the Austin Chalk.

Commented Shelby D. Beattie, President and CEO, “Having invested over $1,000,000 in our production facilities, including our salt water disposal well, we have the capability to produce high fluid volume wells as we move forward with our development of the Wooden Horse property.”

 

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 and natural gas 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: info@ebyinc.com

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 the original release, please click here


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

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Mike Rice replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

4 days

...

Hello Louis, I thought I had answered you previously on this. My apologies. Your assumption is correct. A 50% working interest means that we pay 50% of costs and receive 50% of the revenue net of royalties. To clarify when oil companies lease mineral rights there are royalties that are the first thing paid. A typical lease for us in Texas is 70-80%, meaning that 20-30% is paid in royalties to the lessor and the balance is what we get. keyboard_arrow_downShow Post

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8020 Admin

17 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to provide the following update on the Kuhn 4 and Kuhn 3 wells at the Company’s Wooden Horse project in Southwest Texas.

With the recent successful results in drilling and testing the Kuhn A5 well, the Company has begun moving forward with the following operations:

 

  • Kuhn 4 was re-entered and perforated in the Austin Chalk formation earlier this week, and then stimulated with acid.  The well is currently flowing unassisted and over the past 48 hours the well and has produced over 300 bbls of fluid.  Our technical team estimates that the well will produce approximately 1200 bbls per day of total fluid with a 10% oil cut.  The existing pumpjack is now being replaced with an Electric Submersible Pump (ESP) to increase flow rates.

 

  • Kuhn 3 will now be re-entered and stimulated with acid as the well has been producing unstimulated to date.  We will then deploy an ESP in Kuhn 3 to increase the flow rates.  As Kuhn 3 is 40 feet high to Kuhn 4 our technical team anticipates similar, if not better results to Kuhn 4.

The Kuhn A5, Kuhn 4, and Kuhn 3 wells confirm the Austin Chalk as the primary target at Wooden Horse and the Buda formation will be developed after depleting the Austin Chalk.

Commented Shelby D. Beattie, President and CEO, “Having invested over $1,000,000 in our production facilities, including our salt water disposal well, we have the capability to produce high fluid volume wells as we move forward with our development of the Wooden Horse property.”

 

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 and natural gas 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: info@ebyinc.com

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 the original release, please click here


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

!
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Louis Paul replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

4 days

...

It's getting harder and harder to get answers here. It's a shame because I really like this company. Maybe a member of 8020 can help me understand what it means when they mention that EBY owns a 50.00% working interest in those projects. For example, when a Wooden Horse well produces 100 barrels of oil a day, is it just the 50 barrel revenue that will appear in EBY's financial results? I'm sure someone here can answer that. Thank you!keyboard_arrow_downShow Post

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Thumb 8020 monitor 200 200  png

8020 Admin

17 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to provide the following update on the Kuhn 4 and Kuhn 3 wells at the Company’s Wooden Horse project in Southwest Texas.

With the recent successful results in drilling and testing the Kuhn A5 well, the Company has begun moving forward with the following operations:

 

  • Kuhn 4 was re-entered and perforated in the Austin Chalk formation earlier this week, and then stimulated with acid.  The well is currently flowing unassisted and over the past 48 hours the well and has produced over 300 bbls of fluid.  Our technical team estimates that the well will produce approximately 1200 bbls per day of total fluid with a 10% oil cut.  The existing pumpjack is now being replaced with an Electric Submersible Pump (ESP) to increase flow rates.

 

  • Kuhn 3 will now be re-entered and stimulated with acid as the well has been producing unstimulated to date.  We will then deploy an ESP in Kuhn 3 to increase the flow rates.  As Kuhn 3 is 40 feet high to Kuhn 4 our technical team anticipates similar, if not better results to Kuhn 4.

The Kuhn A5, Kuhn 4, and Kuhn 3 wells confirm the Austin Chalk as the primary target at Wooden Horse and the Buda formation will be developed after depleting the Austin Chalk.

Commented Shelby D. Beattie, President and CEO, “Having invested over $1,000,000 in our production facilities, including our salt water disposal well, we have the capability to produce high fluid volume wells as we move forward with our development of the Wooden Horse property.”

 

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 and natural gas 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: info@ebyinc.com

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 the original release, please click here


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

!

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Louis Paul replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

15 days

...

Hi Mike, when we read that: "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 " Can you explain what it means more concretely in terms of costs, revenues and profits for EBY. Thank you and have a good day. Louiskeyboard_arrow_downShow Post

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8020 Admin

17 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to provide the following update on the Kuhn 4 and Kuhn 3 wells at the Company’s Wooden Horse project in Southwest Texas.

With the recent successful results in drilling and testing the Kuhn A5 well, the Company has begun moving forward with the following operations:

 

  • Kuhn 4 was re-entered and perforated in the Austin Chalk formation earlier this week, and then stimulated with acid.  The well is currently flowing unassisted and over the past 48 hours the well and has produced over 300 bbls of fluid.  Our technical team estimates that the well will produce approximately 1200 bbls per day of total fluid with a 10% oil cut.  The existing pumpjack is now being replaced with an Electric Submersible Pump (ESP) to increase flow rates.

 

  • Kuhn 3 will now be re-entered and stimulated with acid as the well has been producing unstimulated to date.  We will then deploy an ESP in Kuhn 3 to increase the flow rates.  As Kuhn 3 is 40 feet high to Kuhn 4 our technical team anticipates similar, if not better results to Kuhn 4.

The Kuhn A5, Kuhn 4, and Kuhn 3 wells confirm the Austin Chalk as the primary target at Wooden Horse and the Buda formation will be developed after depleting the Austin Chalk.

Commented Shelby D. Beattie, President and CEO, “Having invested over $1,000,000 in our production facilities, including our salt water disposal well, we have the capability to produce high fluid volume wells as we move forward with our development of the Wooden Horse property.”

 

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 and natural gas 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: info@ebyinc.com

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 the original release, please click here


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

!
Thumb 8020 monitor 200 200  png

8020 Admin

17 days

8020 Admin posted a press release Emerald Bay Energy Reports on Kuhn 4 and Kuhn 3 Wells in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to provide the following update on the Kuhn 4 and Kuhn 3 wells at the Company’s Wooden Horse project in Southwest Texas.

With the recent successful results in drilling and testing the Kuhn A5 well, the Company has begun moving forward with the following operations:

 

  • Kuhn 4 was re-entered and perforated in the Austin Chalk formation earlier this week, and then stimulated with acid.  The well is currently flowing unassisted and over the past 48 hours the well and has produced over 300 bbls of fluid.  Our technical team estimates that the well will produce approximately 1200 bbls per day of total fluid with a 10% oil cut.  The existing pumpjack is now being replaced with an Electric Submersible Pump (ESP) to increase flow rates.

 

  • Kuhn 3 will now be re-entered and stimulated with acid as the well has been producing unstimulated to date.  We will then deploy an ESP in Kuhn 3 to increase the flow rates.  As Kuhn 3 is 40 feet high to Kuhn 4 our technical team anticipates similar, if not better results to Kuhn 4.

The Kuhn A5, Kuhn 4, and Kuhn 3 wells confirm the Austin Chalk as the primary target at Wooden Horse and the Buda formation will be developed after depleting the Austin Chalk.

Commented Shelby D. Beattie, President and CEO, “Having invested over $1,000,000 in our production facilities, including our salt water disposal well, we have the capability to produce high fluid volume wells as we move forward with our development of the Wooden Horse property.”

 

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 and natural gas 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: info@ebyinc.com

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 the original release, please click here


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

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Mike Rice

23 days

Mike Rice posted a News Item Emerald Bay Energy AGM - Review of past year highlights. in EMERALD BAY ENERGY INC

To all our valued shareholders and interested investors:

I wanted to give a little more insight to our recent news release regarding our operational and financial highlights for the year that were discussed at our AGM this week.

It is clear that our decision last year to increase our working interest in the Wooden Horse, Nash Creek and Cottonwood projects from 27.8% to 50% is starting to pay off.   Emerald Bay will realize a significant increase in revenue from all wells drilled, completed, and put online to date and in the future. This is nearly double what Emerald Bay previously held as a WI,  and will certainly be a benefit as we deliver crude oil to market going forward.

The two recently drilled wells at Wooden Horse (Kuhn4 and Kuhn A5) were both successful, and this will begin to show financial increases to our shareholders value on future quarterly and annual financial reports.

The Kuhn 3 well at Wooden Horse was re-completed and is now producing. This is significant as it was a non-producing asset prior to this successful re-completion.

As a result of the successful drilling of Kuhn 4, Kuhn A5, and the re-completion of the Kuhn 3 well, we sought to acquire more land to lease adjacent to these wells. We have been successful in acquiring this additional lands where further wells will be drilled in the coming weeks and months. We are very optimistic that we will continue to have success, as we have a high level of condidence in our new technical team and their evaluation of the 3-D seismic at Wooden Horse.

To round out our technical team, we recently added two operations experts that have worked in the South Texas area for another company for several years. This was a significant addition , and has already proved invaluable as we have begun producing wells in these formations for the first time in this area.   

Emerald Bay has increased its ownership in Production Resources Inc. (PRI) from 10% to 75%, which will continue to show significant shareholder value over time.  Over the past year, PRI has re-worked 40+ wells in the Somerset and Taylor-Ina fields,  and as a result has seen an increase in daily production of 28%. 

Emerald Bay also completed 8 additional Marpat wells, for a total of 16 wells with our joint venture farm-in partner. Emerald Bay has a carried interest of 25%, and we are the operator of this project.  The 25% carried working interest came at no cost to EBY.

We are very excited to have eliminated $1.33M of debt over the past year.   To accomplish this we sold our entire working interest in the Nevis Power project in Alberta for $408K.  With electricity prices continuing to languish at historical lows we were very fortunate to divest of this asset for our costs to date. 

Additionally, we recently settled debt of $925K for shares at $0.05/share conversion.  The lender was an entity owned by our largest shareholder and his willingness to convert this loan to shares at essentially double the current market price is a real vote of confidence for the path that Emerald Bay is on.

Emerald Bay also completed three (3) Private Placements over the past year totalling $1.22M

As we look to the future, we were very excited to present our new website at the AGM.  Our new website is part of our ongoing committment to inform and educate our shareholders and interested investors as to what we are doing and when.  The new website will launch within the next week.

Please feel free to ask any questions pertaining to these past year highlights.

Mike Rice

CFO

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8020 Admin

24 days

8020 Admin posted a press release Emerald Bay Energy Reports on Annual Shareholders Meeting in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to provide the following report on the Annual and Special Meeting of Shareholders held yesterday, June 27, 2018. 

Shelby D. Beattie, Gibson C. Scott, Kendall Dilling, and Conrad Wagenaar were elected to serve as Directors of the Company.  BDO Canada LLP was appointed as Auditors of the Corporation.  Resolutions regarding the Company’s Stock Option Plan and a possible future Share Consolidation, as outlined in pages 15-17 of the Company’s Information Circular, were approved.

The following operational and financial highlights of the past year were reported on:

  • The Company increased its working interest ownership in the Wooden Horse, Nash Creek, and Cottonwood Creek projects from 27.78% to 50%.
  • The Company drilled two new wells (Kuhn 4 and Kuhn A5) at Wooden Horse.
  • The Company re-completed Kuhn 3 at Wooden Horse.
  • The Company acquired additional offset acreage at Wooden Horse.
  • The Company added a new technical team to evaluate and execute development plans at Wooden Horse and Nash Creek.
  • The Company increased its ownership in Production Resources Inc. (PRI) from 10% to 75%.
  • PRI re-worked 40+ wells in Somerset and Taylor-Ina to increase daily production 28%
  • The Company completed 8 additional MarPat wells, for a total of 16 wells, to earn a 25% carried working interest in the wells.
  • The Company eliminated $1,332,334 of debt by selling its entire interest in the Nevis power project in Alberta for $407,676, and settling $924,658 of debt for shares at $0.05/share.
  • The Company completed three Private Placements for proceeds of $1,220,000.

Also during the meeting, the Company announced that it has been working on a new website as part of an ongoing marketing campaign.  The new website is near completion and was presented at the meeting.  The new website will launch in the coming days.

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 and natural gas 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: info@ebyinc.com

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.


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

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