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......

people156 Members       (0)

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Charles Travis Manning commented on Mike Rice  update inEMERALD BAY ENERGY INC

33 minutes

Great picture Mike, and thanks for posting.. I am excited for the future progress of EBY.
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Mike Rice

1 hour

Mike Rice posted an update inEMERALD BAY ENERGY INC

Good morning Emerald Bay Investors Group. Here is a picture of the Floyd 1 well and tank battery taken about 10 minutes ago. Rainy and foggy today, but that isn't going to dampen our excitement about getting the Floyd wells pumping yesterday.

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Mike Rice posted an update inEMERALD BAY ENERGY INC

1 hour

Good morning Emerald Bay Investors Group. Here is a picture of the Floyd 1 well and tank battery taken about 10 minutes ago. Rainy and foggy today, but that isn't going to dampen our excitement about getting the Floyd wells pumping yesterday.

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8020 Admin

19 hours

8020 Admin posted a press release Emerald Bay Energy Begins Pumping Floyd 1 and Floyd 2 Wells in EMERALD BAY ENERGY INC

CALGARY, AB AND SAN ANTONIO, TX / ACCESSWIRE / January 17, 2019 / Emerald Bay Energy Inc.(TSX Venture: EBY, OTC: EMBYF) (the "Company" or "Emerald Bay") is pleased to report that pumping operations commenced today on the Floyd 1 and Floyd 2 wells at the Company's F.Poentiz lease near LaVernia, Texas.The wells were fracture stimulated on December 28th and 29th, and the pump jacks were installed earlier this week.The Floyd wells are completed in the Navarro formation at approximately 1000' deep, and the lease has an additional 14-18 drilling locations for future development.

Floyd 1 and Floyd 2 are the first two wells drilled in partnership with HugoCellR Ltd., whereby HugoCellR pays 100% of the costs to drill the wells to earn a 75% interest.As the operating partner, Emerald Bay earns a 25% interest in the wells at no cost to the Company.Partnerships like the HugoCellR Ltd.partnership represent a unique opportunity to grow at no risk or cost to the Company.

About Emerald Bay

Emerald Bay Energy Inc.(TSX Venture: EBY, OTC: EMBYF) 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 those projects.Additionally, the Company owns various working interests in the HugoCellR and MarPat partnerships.The Company also owns 75% of Production Resources Inc., a South Texas oil company.

For all upcoming news releases, articles, comments and questions, to stay updated and speak with management about Emerald Bay Energy.Please JOIN our Investor Information Group at:
http://bit.ly/8020EBY

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.

SOURCE: Emerald Bay Energy Inc.

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Mike Rice commented on Mark  update inEMERALD BAY ENERGY INC

2 days

Hello Mark. Thanks for your comments. All projects that we have announced are moving forward as quickly as possible and we will have a lot to discuss in the coming days and weeks. We discussed in detail over the past couple of months how the unprecedented weather last fall delayed all projects. It is a snowball effect that takes time to recover from. I appreciate that you don't want excuses. We always try to set and announce what we feel are realistic timelines and we always do our best to meet those. Feel free to contact me directly if you have any additional questions. Thanks, Mike Rice
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Mark

2 days

Mark posted an update inEMERALD BAY ENERGY INC

I think it’s time to start asking some hard questions about what’s going on with this company. We were told the Floyd wells were getting done by the 28th of December but haven’t heard anything about the results. We were told Isabella 2 would be done in December but no news there either. We were told there would be a wildcat well drilled and again no news. When someone says they are going to do something I expect it to happen and if it doesn’t and there is no reason given as to why then obviously the original statement was a lie. Now we have a private placement to raise money for more projects that may or may not happen. If past experience means anything then most of the projects that the private placement is supposed to finance will not happen. As an investor I have money tied up in this company and would like to know what is going on. Why are projects not being finished? Why are we not being given results? The management of this company keeps making statements that they don’t follow through on and that needs to stop. I’m not interested in excuses I’m looking for action.

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Mark posted an update inEMERALD BAY ENERGY INC

2 days

I think it’s time to start asking some hard questions about what’s going on with this company. We were told the Floyd wells were getting done by the 28th of December but haven’t heard anything about the results. We were told Isabella 2 would be done in December but no news there either. We were told there would be a wildcat well drilled and again no news. When someone says they are going to do something I expect it to happen and if it doesn’t and there is no reason given as to why then obviously the original statement was a lie. Now we have a private placement to raise money for more projects that may or may not happen. If past experience means anything then most of the projects that the private placement is supposed to finance will not happen. As an investor I have money tied up in this company and would like to know what is going on. Why are projects not being finished? Why are we not being given results? The management of this company keeps making statements that they don’t follow through on and that needs to stop. I’m not interested in excuses I’m looking for action.

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patfest commented on Mark  update inEMERALD BAY ENERGY INC

2 days

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Mark

2 days

Mark posted an update inEMERALD BAY ENERGY INC

I was wondering what was happening with the Floyd wells and Isabella 2 also. The news release definitely said that the deadline for the Floyd wells was December 28th and that there would be results for Isabella in December. There’s also supposed to be a wildcat well being drilled but there wasn’t a firm date for that. Why is there no news on the projects that are supposed to be done? While some here are optimistic it seems to me that things are not getting done and we are only getting excuses or no news for all the work that isn’t being done. Is this trend going to continue and will 2019 be another year of excuses for little work done and little oil pumped? I don’t need or want a reply to this post, the words would be meaningless with so much said that wasn’t done, I want work done and projects completed. I want to see a news release on how the work turned out on the Floyd wells and Isabella since both those projects should be finished ny now though I doubt either has been started. If the present trend continues 2019 will be a year of excuses for projects not getting done and oil not being pumped.

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Mark posted an update inEMERALD BAY ENERGY INC

2 days

I was wondering what was happening with the Floyd wells and Isabella 2 also. The news release definitely said that the deadline for the Floyd wells was December 28th and that there would be results for Isabella in December. There’s also supposed to be a wildcat well being drilled but there wasn’t a firm date for that. Why is there no news on the projects that are supposed to be done? While some here are optimistic it seems to me that things are not getting done and we are only getting excuses or no news for all the work that isn’t being done. Is this trend going to continue and will 2019 be another year of excuses for little work done and little oil pumped? I don’t need or want a reply to this post, the words would be meaningless with so much said that wasn’t done, I want work done and projects completed. I want to see a news release on how the work turned out on the Floyd wells and Isabella since both those projects should be finished ny now though I doubt either has been started. If the present trend continues 2019 will be a year of excuses for projects not getting done and oil not being pumped.

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Louis Paul posted an update inEMERALD BAY ENERGY INC

2 days

Hello Mike. According to the news of December 4, work should have been done for wells Floyd 1 and 2 and for Isabelle 2. What can you tell us about this work? Does the announcement of the private placement prevent you from giving news about this work? Looking forward to having the production results for all wells. I think we are going to have a great year. Keep up the good work. Louis

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patfest posted an update inEMERALD BAY ENERGY INC

3 days

Mike, can you provide some insight on the pricing of the private placement? I would have thought you could have asked .o25 cents with warrants? And with warrants redeemable at .05 in the next year, aren't you implying you anticipate more than a quadruple on the current share price? Any info you can provide is appreciated, thanks.

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8020 Admin posted a press release Emerald Bay Announces Private Placement in EMERALD BAY ENERGY INC

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / January 10, 2019 / Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Corporation", the "Company" or "Emerald Bay") today reported that the Corporation is proposing a private placement offering of up to $500,000 (up to maximum of 25,000,000 common shares ("Common Shares") of the Corporation). The Common Shares are to be issued under a unit offering whereby up to a maximum of 25,000,000 units ("Units") at a subscription price of $0.02 per Unit are to be offered. Each Unit shall consist of one (1) Common Share of the Corporation and one (1) share purchase warrant (the "Warrant") (each full Warrant shall entitle the holder thereof to purchase one (1) additional Common Share of the Corporation for a period of 12 months from the issuance of the Units at a price of $0.05) (the "Offering").

The Warrants are subject to an acceleration clause whereby if after four months and one day following the date the Warrants are issued, the closing price of the Common Shares of the Corporation on the principal market on which such shares trade is equal to or exceeds $0.10 for 30 consecutive trading days (with the 30th such trading date hereafter referred to as the "Eligible Acceleration Date"), the Warrant expiry date shall accelerate to the date which is 30 calendar days following the date a press release is issued by the Corporation announcing the reduced warrant term, provided, no more than five business days following the Eligible Acceleration Date: (i) the press release is issued; and (ii) notices are sent to all warrant holders.

The net proceeds will be used on the Corporation's assets in Texas. The Corporation will use the funds from this offering as follows:

  1. land and lease renewals at Wooden Horse, Texas and Gonzales County, Texas at an approximate cost of $65,000;
  2. electrical upgrades to the Kuhn 3, Kuhn 4 and Kuhn A5 wells (Wooden Horse) at an approximate cost of $68,000;
  3. progressive cavity pumping equipment installations at Kuhn 3 and Kuhn A5 (Wooden Horse) at an approximate cost of $70,000;
  4. Kuhn A5 (Wooden Horse) hydraulic fracture stimulation at an approximate cost of $43,000;
  5. drill and test new Kuhn A6 (Wooden Horse) well at an approximate cost of $135,000; and
  6. re-enter and test the upper Edwards formation in the Kuhn 1H (Wooden Horse) horizontal well at an approximate cost of $110,000.

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

About Emerald Bay

Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) 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 operating partner of the Wooden Horse, Nash Creek, and Cottonwood Creek Projects in Guadalupe County, Texas, where the Company currently now owns a 50.00% working interest in those projects. Additionally, the Company owns various working interests in the MarPat and HugoCellR partnerships. The Company also owns 75% of Production Resources Inc., a South Texas oil company.

For all upcoming news releases, articles, comments and questions, to stay updated and speak with management about Emerald Bay Energy. Please JOIN our Investor Information Group at:
http://bit.ly/8020EBY

For further information, please contact:

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

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mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

11 days

Thanks you for this information, its very helpfull. What I see is right things are on the way. After that, in my opinion, Emerald bay Energy will be stronger and in a very good position. Thank you

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Mike Rice commented on update inEMERALD BAY ENERGY INC

11 days

Hi Mike, I just want to know when we can expect, that EBY will have the electricity capability to pump all three of the wells at the same time ? Thanks you.

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mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

11 days

Hi Mike, I just want to know when we can expect, that EBY will have the electricity capability to pump all three of the wells at the same time ? Thanks you.

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mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

15 days

Hi, thank you Mike for this quick feed back, i'm satisfied with those answers. This clear picture seem to me very positive. I"m satisfied with that, and I will like to try one last question. Can we expect, in the coming weeks, EBY will have the electricity capability to pump all three of the wells at the same time... If so, this is huge! Well done Eby Team. Best regard - Mathieu

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Mike Rice commented on update inEMERALD BAY ENERGY INC

16 days

Thank you to EBY and 8020 Connect for all the updates, news releases, questions from investors and generaly quick answers from Mike. * Only thing I wish is to see more picture of differents well progress/project... I have one really special question for you Mike, as French canadian, I will try my best to explaned my question. In the last New Release dated december 4th, it's said : '' We anticipate that the electrical upgrades will be completed in December and anticipate that we will have the (ABILITY*) to produce all three Kuhn wells simultaneously in the early January. '' So my question is; * Having ability to produce, doest that mean that the wells will be produce without any interruption if the weather or other factors like Texas oil price are good. . . Can you define Ability to produce with better clarity because as investor, we know when a well are put in production but we don't really know when the well production stop and for how many time. In this regard, I dont know if we can be more informed about operations stop. Simple example is The Kuhn A5. We know the well began production in early August and produced 532 barrels of oil over the first four days of production, but after that, we don't really know what happen. Thanks you in advance for your answers... I will Ending the year with this note ** I'm very excited to see all the result of those project ; Kuhn 3, Kuhn 4, Kuhn A5, Floyd 1, Floyd 2 & Isabella 2 . Happy New Years. 2019 will be strong. Keep your hard work!

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mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

18 days

Thank you to EBY and 8020 Connect for all the updates, news releases, questions from investors and generaly quick answers from Mike. * Only thing I wish is to see more picture of differents well progress/project... I have one really special question for you Mike, as French canadian, I will try my best to explaned my question. In the last New Release dated december 4th, it's said : '' We anticipate that the electrical upgrades will be completed in December and anticipate that we will have the (ABILITY*) to produce all three Kuhn wells simultaneously in the early January. '' So my question is; * Having ability to produce, doest that mean that the wells will be produce without any interruption if the weather or other factors like Texas oil price are good. . . Can you define Ability to produce with better clarity because as investor, we know when a well are put in production but we don't really know when the well production stop and for how many time. In this regard, I dont know if we can be more informed about operations stop. Simple example is The Kuhn A5. We know the well began production in early August and produced 532 barrels of oil over the first four days of production, but after that, we don't really know what happen. Thanks you in advance for your answers... I will Ending the year with this note ** I'm very excited to see all the result of those project ; Kuhn 3, Kuhn 4, Kuhn A5, Floyd 1, Floyd 2 & Isabella 2 . Happy New Years. 2019 will be strong. Keep your hard work!

Thumb https   blogs images.forbes.com arielcohen files 2018 12 istock 493760870 1200x800

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Mike Rice commented on Ford Victoria  update inEMERALD BAY ENERGY INC

1 month

Our private placements are usually subscribed to by 2-7 placees that our investors in our long term vision and plans. Subscribing to the PP to sell the shares into the market when they become free trading and sitting on the warrants is not the intent or reality. I would consider our PP shares as our strongest, not our “weakest”. Also of note is that the warrants are at a minimum 5 cents. I’m always happy to discuss details like this, but it is probably easier by phone so feel free to call me anytime. Happy Holidays to you too. Mike
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Ford Victoria posted an update inEMERALD BAY ENERGY INC

Good Morning Mike I have been wanting to ask you a question related to insiders of EBY or persons with more than 10% of the company's shares, A while back you said and I quote, (The amount of shares held between management and these close business associates of ours represents over 50% of the issued and outstanding share capital) however I saw only one insider in the last quarter with just a bit over 10% which is only around 30 million shares, would you mind giving me a bit of clarity on that, I have continued increasing my holdings in EBY and I control now several million shares (even if I said to myself I would not buy more because of no insider or directors buying at open market even at the current low share price), I am concerned with the low WTI price and EBY still far from cash positive operation so to really know there are more than 160 million shares in strong hands would be a relieve (I am counting my shares there too). Thanks in advance FV

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Mike Rice commented on Ford Victoria  update inEMERALD BAY ENERGY INC

1 month

Hello again Ford. I’m not sure if you were asking a question, but let me provide a little extra clarification. Your assumptions regarding our Private Placements could not be more inaccurate. Our PRivat
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Ford Victoria posted an update inEMERALD BAY ENERGY INC

Good Morning Mike I have been wanting to ask you a question related to insiders of EBY or persons with more than 10% of the company's shares, A while back you said and I quote, (The amount of shares held between management and these close business associates of ours represents over 50% of the issued and outstanding share capital) however I saw only one insider in the last quarter with just a bit over 10% which is only around 30 million shares, would you mind giving me a bit of clarity on that, I have continued increasing my holdings in EBY and I control now several million shares (even if I said to myself I would not buy more because of no insider or directors buying at open market even at the current low share price), I am concerned with the low WTI price and EBY still far from cash positive operation so to really know there are more than 160 million shares in strong hands would be a relieve (I am counting my shares there too). Thanks in advance FV

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Ford Victoria commented on Ford Victoria  update inEMERALD BAY ENERGY INC

1 month

to count on that as an investor I should not, Shares in PP are actually the weakest shares on the market after the 4 month hold period, investors sell the shares keep the warrant, my side I will hope you guys can really pull it up in the next couple of months and get things on track, save some of the time lost because of the rain and equipment fail and hopefully see a more favorable market for EBY. Thanks again and happy holidays.
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Ford Victoria posted an update inEMERALD BAY ENERGY INC

Good Morning Mike I have been wanting to ask you a question related to insiders of EBY or persons with more than 10% of the company's shares, A while back you said and I quote, (The amount of shares held between management and these close business associates of ours represents over 50% of the issued and outstanding share capital) however I saw only one insider in the last quarter with just a bit over 10% which is only around 30 million shares, would you mind giving me a bit of clarity on that, I have continued increasing my holdings in EBY and I control now several million shares (even if I said to myself I would not buy more because of no insider or directors buying at open market even at the current low share price), I am concerned with the low WTI price and EBY still far from cash positive operation so to really know there are more than 160 million shares in strong hands would be a relieve (I am counting my shares there too). Thanks in advance FV

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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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Charles Travis Manning commented on Mike Rice  update inEMERALD BAY ENERGY INC

33 minutes

Great picture Mike, and thanks for posting.. I am excited for the future progress of EBY.
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Mike Rice

1 hour

Mike Rice posted an update inEMERALD BAY ENERGY INC

Good morning Emerald Bay Investors Group. Here is a picture of the Floyd 1 well and tank battery taken about 10 minutes ago. Rainy and foggy today, but that isn't going to dampen our excitement about getting the Floyd wells pumping yesterday.

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Mike Rice posted an update inEMERALD BAY ENERGY INC

1 hour

Good morning Emerald Bay Investors Group. Here is a picture of the Floyd 1 well and tank battery taken about 10 minutes ago. Rainy and foggy today, but that isn't going to dampen our excitement about getting the Floyd wells pumping yesterday.

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8020 Admin

19 hours

8020 Admin posted a press release Emerald Bay Energy Begins Pumping Floyd 1 and Floyd 2 Wells in EMERALD BAY ENERGY INC

CALGARY, AB AND SAN ANTONIO, TX / ACCESSWIRE / January 17, 2019 / Emerald Bay Energy Inc.(TSX Venture: EBY, OTC: EMBYF) (the "Company" or "Emerald Bay") is pleased to report that pumping operations commenced today on the Floyd 1 and Floyd 2 wells at the Company's F.Poentiz lease near LaVernia, Texas.The wells were fracture stimulated on December 28th and 29th, and the pump jacks were installed earlier this week.The Floyd wells are completed in the Navarro formation at approximately 1000' deep, and the lease has an additional 14-18 drilling locations for future development.

Floyd 1 and Floyd 2 are the first two wells drilled in partnership with HugoCellR Ltd., whereby HugoCellR pays 100% of the costs to drill the wells to earn a 75% interest.As the operating partner, Emerald Bay earns a 25% interest in the wells at no cost to the Company.Partnerships like the HugoCellR Ltd.partnership represent a unique opportunity to grow at no risk or cost to the Company.

About Emerald Bay

Emerald Bay Energy Inc.(TSX Venture: EBY, OTC: EMBYF) 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 those projects.Additionally, the Company owns various working interests in the HugoCellR and MarPat partnerships.The Company also owns 75% of Production Resources Inc., a South Texas oil company.

For all upcoming news releases, articles, comments and questions, to stay updated and speak with management about Emerald Bay Energy.Please JOIN our Investor Information Group at:
http://bit.ly/8020EBY

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.

SOURCE: Emerald Bay Energy Inc.

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Mike Rice commented on Mark  update inEMERALD BAY ENERGY INC

2 days

Hello Mark. Thanks for your comments. All projects that we have announced are moving forward as quickly as possible and we will have a lot to discuss in the coming days and weeks. We discussed in detail over the past couple of months how the unprecedented weather last fall delayed all projects. It is a snowball effect that takes time to recover from. I appreciate that you don't want excuses. We always try to set and announce what we feel are realistic timelines and we always do our best to meet those. Feel free to contact me directly if you have any additional questions. Thanks, Mike Rice
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Mark

2 days

Mark posted an update inEMERALD BAY ENERGY INC

I think it’s time to start asking some hard questions about what’s going on with this company. We were told the Floyd wells were getting done by the 28th of December but haven’t heard anything about the results. We were told Isabella 2 would be done in December but no news there either. We were told there would be a wildcat well drilled and again no news. When someone says they are going to do something I expect it to happen and if it doesn’t and there is no reason given as to why then obviously the original statement was a lie. Now we have a private placement to raise money for more projects that may or may not happen. If past experience means anything then most of the projects that the private placement is supposed to finance will not happen. As an investor I have money tied up in this company and would like to know what is going on. Why are projects not being finished? Why are we not being given results? The management of this company keeps making statements that they don’t follow through on and that needs to stop. I’m not interested in excuses I’m looking for action.

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Mark posted an update inEMERALD BAY ENERGY INC

2 days

I think it’s time to start asking some hard questions about what’s going on with this company. We were told the Floyd wells were getting done by the 28th of December but haven’t heard anything about the results. We were told Isabella 2 would be done in December but no news there either. We were told there would be a wildcat well drilled and again no news. When someone says they are going to do something I expect it to happen and if it doesn’t and there is no reason given as to why then obviously the original statement was a lie. Now we have a private placement to raise money for more projects that may or may not happen. If past experience means anything then most of the projects that the private placement is supposed to finance will not happen. As an investor I have money tied up in this company and would like to know what is going on. Why are projects not being finished? Why are we not being given results? The management of this company keeps making statements that they don’t follow through on and that needs to stop. I’m not interested in excuses I’m looking for action.

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patfest commented on Mark  update inEMERALD BAY ENERGY INC

2 days

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Mark

2 days

Mark posted an update inEMERALD BAY ENERGY INC

I was wondering what was happening with the Floyd wells and Isabella 2 also. The news release definitely said that the deadline for the Floyd wells was December 28th and that there would be results for Isabella in December. There’s also supposed to be a wildcat well being drilled but there wasn’t a firm date for that. Why is there no news on the projects that are supposed to be done? While some here are optimistic it seems to me that things are not getting done and we are only getting excuses or no news for all the work that isn’t being done. Is this trend going to continue and will 2019 be another year of excuses for little work done and little oil pumped? I don’t need or want a reply to this post, the words would be meaningless with so much said that wasn’t done, I want work done and projects completed. I want to see a news release on how the work turned out on the Floyd wells and Isabella since both those projects should be finished ny now though I doubt either has been started. If the present trend continues 2019 will be a year of excuses for projects not getting done and oil not being pumped.

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Mark posted an update inEMERALD BAY ENERGY INC

2 days

I was wondering what was happening with the Floyd wells and Isabella 2 also. The news release definitely said that the deadline for the Floyd wells was December 28th and that there would be results for Isabella in December. There’s also supposed to be a wildcat well being drilled but there wasn’t a firm date for that. Why is there no news on the projects that are supposed to be done? While some here are optimistic it seems to me that things are not getting done and we are only getting excuses or no news for all the work that isn’t being done. Is this trend going to continue and will 2019 be another year of excuses for little work done and little oil pumped? I don’t need or want a reply to this post, the words would be meaningless with so much said that wasn’t done, I want work done and projects completed. I want to see a news release on how the work turned out on the Floyd wells and Isabella since both those projects should be finished ny now though I doubt either has been started. If the present trend continues 2019 will be a year of excuses for projects not getting done and oil not being pumped.

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Louis Paul posted an update inEMERALD BAY ENERGY INC

2 days

Hello Mike. According to the news of December 4, work should have been done for wells Floyd 1 and 2 and for Isabelle 2. What can you tell us about this work? Does the announcement of the private placement prevent you from giving news about this work? Looking forward to having the production results for all wells. I think we are going to have a great year. Keep up the good work. Louis

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patfest posted an update inEMERALD BAY ENERGY INC

3 days

Mike, can you provide some insight on the pricing of the private placement? I would have thought you could have asked .o25 cents with warrants? And with warrants redeemable at .05 in the next year, aren't you implying you anticipate more than a quadruple on the current share price? Any info you can provide is appreciated, thanks.

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8020 Admin posted a press release Emerald Bay Announces Private Placement in EMERALD BAY ENERGY INC

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / January 10, 2019 / Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Corporation", the "Company" or "Emerald Bay") today reported that the Corporation is proposing a private placement offering of up to $500,000 (up to maximum of 25,000,000 common shares ("Common Shares") of the Corporation). The Common Shares are to be issued under a unit offering whereby up to a maximum of 25,000,000 units ("Units") at a subscription price of $0.02 per Unit are to be offered. Each Unit shall consist of one (1) Common Share of the Corporation and one (1) share purchase warrant (the "Warrant") (each full Warrant shall entitle the holder thereof to purchase one (1) additional Common Share of the Corporation for a period of 12 months from the issuance of the Units at a price of $0.05) (the "Offering").

The Warrants are subject to an acceleration clause whereby if after four months and one day following the date the Warrants are issued, the closing price of the Common Shares of the Corporation on the principal market on which such shares trade is equal to or exceeds $0.10 for 30 consecutive trading days (with the 30th such trading date hereafter referred to as the "Eligible Acceleration Date"), the Warrant expiry date shall accelerate to the date which is 30 calendar days following the date a press release is issued by the Corporation announcing the reduced warrant term, provided, no more than five business days following the Eligible Acceleration Date: (i) the press release is issued; and (ii) notices are sent to all warrant holders.

The net proceeds will be used on the Corporation's assets in Texas. The Corporation will use the funds from this offering as follows:

  1. land and lease renewals at Wooden Horse, Texas and Gonzales County, Texas at an approximate cost of $65,000;
  2. electrical upgrades to the Kuhn 3, Kuhn 4 and Kuhn A5 wells (Wooden Horse) at an approximate cost of $68,000;
  3. progressive cavity pumping equipment installations at Kuhn 3 and Kuhn A5 (Wooden Horse) at an approximate cost of $70,000;
  4. Kuhn A5 (Wooden Horse) hydraulic fracture stimulation at an approximate cost of $43,000;
  5. drill and test new Kuhn A6 (Wooden Horse) well at an approximate cost of $135,000; and
  6. re-enter and test the upper Edwards formation in the Kuhn 1H (Wooden Horse) horizontal well at an approximate cost of $110,000.

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

About Emerald Bay

Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) 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 operating partner of the Wooden Horse, Nash Creek, and Cottonwood Creek Projects in Guadalupe County, Texas, where the Company currently now owns a 50.00% working interest in those projects. Additionally, the Company owns various working interests in the MarPat and HugoCellR partnerships. The Company also owns 75% of Production Resources Inc., a South Texas oil company.

For all upcoming news releases, articles, comments and questions, to stay updated and speak with management about Emerald Bay Energy. Please JOIN our Investor Information Group at:
http://bit.ly/8020EBY

For further information, please contact:

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

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mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

11 days

Thanks you for this information, its very helpfull. What I see is right things are on the way. After that, in my opinion, Emerald bay Energy will be stronger and in a very good position. Thank you

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Mike Rice commented on update inEMERALD BAY ENERGY INC

11 days

Hi Mike, I just want to know when we can expect, that EBY will have the electricity capability to pump all three of the wells at the same time ? Thanks you.

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mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

11 days

Hi Mike, I just want to know when we can expect, that EBY will have the electricity capability to pump all three of the wells at the same time ? Thanks you.

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mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

15 days

Hi, thank you Mike for this quick feed back, i'm satisfied with those answers. This clear picture seem to me very positive. I"m satisfied with that, and I will like to try one last question. Can we expect, in the coming weeks, EBY will have the electricity capability to pump all three of the wells at the same time... If so, this is huge! Well done Eby Team. Best regard - Mathieu

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Mike Rice commented on update inEMERALD BAY ENERGY INC

16 days

Thank you to EBY and 8020 Connect for all the updates, news releases, questions from investors and generaly quick answers from Mike. * Only thing I wish is to see more picture of differents well progress/project... I have one really special question for you Mike, as French canadian, I will try my best to explaned my question. In the last New Release dated december 4th, it's said : '' We anticipate that the electrical upgrades will be completed in December and anticipate that we will have the (ABILITY*) to produce all three Kuhn wells simultaneously in the early January. '' So my question is; * Having ability to produce, doest that mean that the wells will be produce without any interruption if the weather or other factors like Texas oil price are good. . . Can you define Ability to produce with better clarity because as investor, we know when a well are put in production but we don't really know when the well production stop and for how many time. In this regard, I dont know if we can be more informed about operations stop. Simple example is The Kuhn A5. We know the well began production in early August and produced 532 barrels of oil over the first four days of production, but after that, we don't really know what happen. Thanks you in advance for your answers... I will Ending the year with this note ** I'm very excited to see all the result of those project ; Kuhn 3, Kuhn 4, Kuhn A5, Floyd 1, Floyd 2 & Isabella 2 . Happy New Years. 2019 will be strong. Keep your hard work!

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mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

18 days

Thank you to EBY and 8020 Connect for all the updates, news releases, questions from investors and generaly quick answers from Mike. * Only thing I wish is to see more picture of differents well progress/project... I have one really special question for you Mike, as French canadian, I will try my best to explaned my question. In the last New Release dated december 4th, it's said : '' We anticipate that the electrical upgrades will be completed in December and anticipate that we will have the (ABILITY*) to produce all three Kuhn wells simultaneously in the early January. '' So my question is; * Having ability to produce, doest that mean that the wells will be produce without any interruption if the weather or other factors like Texas oil price are good. . . Can you define Ability to produce with better clarity because as investor, we know when a well are put in production but we don't really know when the well production stop and for how many time. In this regard, I dont know if we can be more informed about operations stop. Simple example is The Kuhn A5. We know the well began production in early August and produced 532 barrels of oil over the first four days of production, but after that, we don't really know what happen. Thanks you in advance for your answers... I will Ending the year with this note ** I'm very excited to see all the result of those project ; Kuhn 3, Kuhn 4, Kuhn A5, Floyd 1, Floyd 2 & Isabella 2 . Happy New Years. 2019 will be strong. Keep your hard work!

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Mike Rice commented on Ford Victoria  update inEMERALD BAY ENERGY INC

1 month

Our private placements are usually subscribed to by 2-7 placees that our investors in our long term vision and plans. Subscribing to the PP to sell the shares into the market when they become free trading and sitting on the warrants is not the intent or reality. I would consider our PP shares as our strongest, not our “weakest”. Also of note is that the warrants are at a minimum 5 cents. I’m always happy to discuss details like this, but it is probably easier by phone so feel free to call me anytime. Happy Holidays to you too. Mike
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Ford Victoria posted an update inEMERALD BAY ENERGY INC

Good Morning Mike I have been wanting to ask you a question related to insiders of EBY or persons with more than 10% of the company's shares, A while back you said and I quote, (The amount of shares held between management and these close business associates of ours represents over 50% of the issued and outstanding share capital) however I saw only one insider in the last quarter with just a bit over 10% which is only around 30 million shares, would you mind giving me a bit of clarity on that, I have continued increasing my holdings in EBY and I control now several million shares (even if I said to myself I would not buy more because of no insider or directors buying at open market even at the current low share price), I am concerned with the low WTI price and EBY still far from cash positive operation so to really know there are more than 160 million shares in strong hands would be a relieve (I am counting my shares there too). Thanks in advance FV

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Mike Rice commented on Ford Victoria  update inEMERALD BAY ENERGY INC

1 month

Hello again Ford. I’m not sure if you were asking a question, but let me provide a little extra clarification. Your assumptions regarding our Private Placements could not be more inaccurate. Our PRivat
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Ford Victoria posted an update inEMERALD BAY ENERGY INC

Good Morning Mike I have been wanting to ask you a question related to insiders of EBY or persons with more than 10% of the company's shares, A while back you said and I quote, (The amount of shares held between management and these close business associates of ours represents over 50% of the issued and outstanding share capital) however I saw only one insider in the last quarter with just a bit over 10% which is only around 30 million shares, would you mind giving me a bit of clarity on that, I have continued increasing my holdings in EBY and I control now several million shares (even if I said to myself I would not buy more because of no insider or directors buying at open market even at the current low share price), I am concerned with the low WTI price and EBY still far from cash positive operation so to really know there are more than 160 million shares in strong hands would be a relieve (I am counting my shares there too). Thanks in advance FV

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Ford Victoria commented on Ford Victoria  update inEMERALD BAY ENERGY INC

1 month

to count on that as an investor I should not, Shares in PP are actually the weakest shares on the market after the 4 month hold period, investors sell the shares keep the warrant, my side I will hope you guys can really pull it up in the next couple of months and get things on track, save some of the time lost because of the rain and equipment fail and hopefully see a more favorable market for EBY. Thanks again and happy holidays.
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Ford Victoria posted an update inEMERALD BAY ENERGY INC

Good Morning Mike I have been wanting to ask you a question related to insiders of EBY or persons with more than 10% of the company's shares, A while back you said and I quote, (The amount of shares held between management and these close business associates of ours represents over 50% of the issued and outstanding share capital) however I saw only one insider in the last quarter with just a bit over 10% which is only around 30 million shares, would you mind giving me a bit of clarity on that, I have continued increasing my holdings in EBY and I control now several million shares (even if I said to myself I would not buy more because of no insider or directors buying at open market even at the current low share price), I am concerned with the low WTI price and EBY still far from cash positive operation so to really know there are more than 160 million shares in strong hands would be a relieve (I am counting my shares there too). Thanks in advance FV

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