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......

people173 Members       (0)

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8020 Admin

5 minutes ago

8020 Admin posted a press release Early Warning Press Release in Accordance with National Instrument 62-103 in EMERALD BAY ENERGY INC

SAN ANTONIO, TX / ACCESSWIRE / August 15, 2019 / Mr. Carlo Gutierrez issues this press release pursuant to Part 3 - Early Warning Requirements of National Instrument 62-103 with respect to Emerald Bay Energy Inc.


On August 15, 2019, pursuant to a private placement, Carlo Gutierrez ("Gutierrez"), a director of Emerald Bay Energy Inc., acquired ownership of 11,034,333 units (the "Units") of Emerald Bay Energy Inc. (the "Corporation") at a price of $0.015 per Unit, with each Unit being comprised of one common share and one common share purchase warrants (each a "Warrant"), whereby each Warrant is exercisable into one common share (a "Common Share") in the capital of the Corporation at a price of $0.05 on or before August 15, 2020. The Common Shares and Warrants were issued by the Corporation in reliance upon Section 2.5(a) of National Instrument 45-106 - Prospectus and Registration Exemptions. Pursuant to this exemption, the Common Shares and Warrants are initially subject to a four-month hold period.


Prior to giving effect to the foregoing acquisition of securities, Gutierrez owned or controlled 24,140,200 Common Shares and no warrants of the Corporation. After giving effect to the acquisition of the Units, Gutierrez owns or controls 35,174,533 Common Shares (or approximately 9.93% of the issued and outstanding Common Shares (non-diluted)) and 11,034,333 Warrants. If Gutierrez was to exercise all of the warrants in the Corporation he owns (being 11,034,333 warrants), he would control 12.66% of the issued and outstanding Common Shares of the Corporation.


In the future, Gutierrez may acquire additional securities of the Corporation, dispose of some or all of the securities he now owns or controls, or may continue to hold his current position.


The Common Shares of the Corporation are listed on the TSX Venture Exchange under the trading symbol "EBY".


For further information or to receive a copy of the early warning report filed by Gutierrez with securities regulatory authorities in Canada in connection with this press release, please contact Michael Rice, Chief Financial Officer of the Corporation, at (403) 262-6000.


SOURCE: Mr. Carlo Gutierrez


View source version on accesswire.com:
https://www.accesswire.com/556206/Early-Warning-Press-Release-in-Accordance-with-National-Instrument-62-103

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8020 Admin

6 minutes ago

8020 Admin posted a press release Early Warning Press Release in Accordance with National Instrument 62-103 in EMERALD BAY ENERGY INC

CALGARY, AB / ACCESSWIRE / August 15, 2019 / Mr. Clarence Wagenaar issues this press release pursuant to Part 3 - Early Warning Requirements of National Instrument 62-103 with respect to Emerald Bay Energy Inc..


On August 15, 2019, pursuant to a private placement, Clarence Wagenaar ("Wagenaar"), through two corporate entities he controls, acquired ownership of 10,273,333 units (the "Units") of Emerald Bay Energy Inc. (the "Corporation") at a price of $0.015 per Unit, with each Unit being comprised of one common share and one common share purchase warrants (each a "Warrant"), whereby each Warrant is exercisable into one common share (a "Common Share") in the capital of the Corporation at a price of $0.05 on or before August 15, 2020. The Common Shares and Warrants were issued by the Corporation in reliance upon Section 2.5(h) of National Instrument 45-106 - Prospectus and Registration Exemptions. Pursuant to this exemption, the Common Shares and Warrants are initially subject to a four-month hold period.


Prior to giving effect to the foregoing acquisition of securities, Wagenaar owned or controlled 33,520,178 Common Shares and 8,000,000 warrants of the Corporation. After giving effect to the acquisition of the Units, Wagenaar owns or controls 43,793,511 Common Shares (or approximately 12.37% of the issued and outstanding Common Shares (non-diluted)) and 18,273,333 Warrants.


In the future, Wagenaar may acquire additional securities of the Corporation, dispose of some or all of the securities he now owns or controls, or may continue to hold his current position.


The Common Shares of the Corporation are listed on the TSX Venture Exchange under the trading symbol "EBY".


For further information or to receive a copy of the early warning report filed by Wagenaar with securities regulatory authorities in Canada in connection with this press release, please contact Michael Rice, Chief Financial Officer of the Corporation, at (403) 262-6000.


SOURCE: Mr. Clarence Wagenaar


View source version on accesswire.com:
https://www.accesswire.com/556207/Early-Warning-Press-Release-in-Accordance-with-National-Instrument-62-103

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8020 Admin

7 minutes ago

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

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / August 15, 2019 / Emerald Bay Energy Inc. (TSXV:EBY)(OTC:EMBYF) (the "Corporation", the "Company" or "Emerald Bay") today reported that the Corporation has closed its 33,333,333 units ("Units") were issued (of which 14,034,333 Units were acquired by directors and officers of the Corporation and 10,273,333 Units were acquired by insiders of the Corporation) at a price of $0.015 per Unit, for aggregate consideration of $500,000. Each Unit consisted of one (1) Common Share of the Corporation and one (1) share purchase warrant (the "Warrant") (each full Warrant shall entitle the holder thereof to purchase one (1) additional Common Share of the Corporation for a period of 12 months from the issuance of the Units at a price of $0.05) (the "Offering").


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


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


(i) land and lease renewals and acquisitions at Wooden Horse, Texas and LaVernia, Texas at an approximate cost of $190,000;


(ii) drill and test Kuhn A7 well (Wooden Horse) at an approximate cost of $137,500; and


(iii) drill and test Huebinger A1 well (Wooden Horse) at an approximate cost of $137,500.


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 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 and operates various working interests in the HugoCellR, Cotulla, 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 and CEO, Shelby D. Beattie, or CFO, Mike Rice, 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.


View source version on accesswire.com:
https://www.accesswire.com/556197/Emerald-Bay-Energy-Closes-Private-Placement

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

14 days ago

Mike Rice posted a press release Emerald Bay Energy Provides Update on Kuhn Wells in EMERALD BAY ENERGY INC

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / July 31, 2019 / Emerald Bay Energy Inc. (TSXV:EBY)(OTC:EMBYF) (the "Corporation") is pleased to provide the following update on production at the Company’s Wooden Horse project in South Texas. With the electrical upgrades now complete, the three Kuhn wells were on production for 26 days in July and produced 1022 barrels of oil for an average production rate of 39.3 barrels of oil per day.


For further information, please contact:


Emerald Bay President and CEO, Shelby D. Beattie, or CFO, Mike Rice, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.ebyinc.com


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 and operates various working interests in the HugoCellR, Cotulla, 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



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.


View source version on accesswire.com:
https://www.accesswire.com/554177/Emerald-Bay-Energy-Provides-Update-on-Kuhn-Wells

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

15 days ago

Louis Paul posted a press release Emerald Bay Energy Provides Update on Kuhn Wells in EMERALD BAY ENERGY INC

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / July 31, 2019 / Emerald Bay Energy Inc. (TSXV:EBY)(OTC:EMBYF) (the "Corporation") is pleased to provide the following update on production at the Company’s Wooden Horse project in South Texas. With the electrical upgrades now complete, the three Kuhn wells were on production for 26 days in July and produced 1022 barrels of oil for an average production rate of 39.3 barrels of oil per day.


For further information, please contact:


Emerald Bay President and CEO, Shelby D. Beattie, or CFO, Mike Rice, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.ebyinc.com


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 and operates various working interests in the HugoCellR, Cotulla, 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



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.


View source version on accesswire.com:
https://www.accesswire.com/554177/Emerald-Bay-Energy-Provides-Update-on-Kuhn-Wells

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8020 Admin

15 days ago

8020 Admin posted a press release Emerald Bay Energy Provides Update on Kuhn Wells in EMERALD BAY ENERGY INC

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / July 31, 2019 / Emerald Bay Energy Inc. (TSXV:EBY)(OTC:EMBYF) (the "Corporation") is pleased to provide the following update on production at the Company’s Wooden Horse project in South Texas. With the electrical upgrades now complete, the three Kuhn wells were on production for 26 days in July and produced 1022 barrels of oil for an average production rate of 39.3 barrels of oil per day.


For further information, please contact:


Emerald Bay President and CEO, Shelby D. Beattie, or CFO, Mike Rice, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.ebyinc.com


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 and operates various working interests in the HugoCellR, Cotulla, 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



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.


View source version on accesswire.com:
https://www.accesswire.com/554177/Emerald-Bay-Energy-Provides-Update-on-Kuhn-Wells

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8020 Admin

17 days ago

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

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / July 29, 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 33,333,333 common shares ("Common Shares") of the Corporation). The Common Shares are to be issued under a unit offering whereby up to a maximum of 33,333,333 units ("Units") at a subscription price of $0.015 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 and acquisitions at Wooden Horse, Texas and LaVernia, Texas at an approximate cost of $190,000;

  2. drill and test Kuhn A7 well (Wooden Horse) at an approximate cost of $137,500; and

  3. drill and test Huebinger A1 well (Wooden Horse) at an approximate cost of $137,500.


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 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 and operates various working interests in the HugoCellR, Cotulla, 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



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.



View source version on accesswire.com:
https://www.accesswire.com/553804/Emerald-Bay-Announces-Private-Placement

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DArcy Funfer replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

1 month ago

DArcy Funfer posted a press release Emerald Bay Announces New Member Added to Board of Directors in EMERALD BAY ENERGY INC

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / July 9, 2019 / Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the "Corporation") today reported that Mr. Carlo Enrique Gutierrez has been appointed to the Corporation’s Board of Directors. Mr. Gutierrez began his career in the summer of 2012 working at a frac sand plant for Arepet Industries LLC as an assistant operations manager. In 2014, Mr. Gutierrez completed a Bachelors of Science degree in International Studies from Texas A&M University. Following his graduation, Mr. Gutierrez worked for a small oil & gas company as a field operator, and then started his own trucking company, C.P. Hauling LLC, transporting frac sand. In 2016, Mr. Gutierrez transitioned into real estate, and is licensed by the Texas Real Estate Commission, where he now works in land development, project management, and as a consultant for Vise Oaks 1, Ltd. Mr. Gutierrez has also served as a board member for the 211 Public Improvement District Highway in San Antonio for the past two years. Mr. Gutierrez owns 24,140,200 common shares in the Corporation.


The appointment of Mr. Carlo Enrique Gutierrez to the Corporation’s board of directors is subject to the final approval of the TSX Venture Exchange.


For further information, please contact:


Emerald Bay President and CEO, Shelby D. Beattie, or CFO, Mike Rice, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.ebyinc.com


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 and operates various working interests in the HugoCellR, Cotulla, 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


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.




View source version on accesswire.com:
https://www.accesswire.com/551316/Emerald-Bay-Announces-New-Member-Added-to-Board-of-Directors

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8020 Admin

1 month ago

8020 Admin posted a press release Emerald Bay Announces New Member Added to Board of Directors in EMERALD BAY ENERGY INC

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / July 9, 2019 / Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the "Corporation") today reported that Mr. Carlo Enrique Gutierrez has been appointed to the Corporation’s Board of Directors. Mr. Gutierrez began his career in the summer of 2012 working at a frac sand plant for Arepet Industries LLC as an assistant operations manager. In 2014, Mr. Gutierrez completed a Bachelors of Science degree in International Studies from Texas A&M University. Following his graduation, Mr. Gutierrez worked for a small oil & gas company as a field operator, and then started his own trucking company, C.P. Hauling LLC, transporting frac sand. In 2016, Mr. Gutierrez transitioned into real estate, and is licensed by the Texas Real Estate Commission, where he now works in land development, project management, and as a consultant for Vise Oaks 1, Ltd. Mr. Gutierrez has also served as a board member for the 211 Public Improvement District Highway in San Antonio for the past two years. Mr. Gutierrez owns 24,140,200 common shares in the Corporation.


The appointment of Mr. Carlo Enrique Gutierrez to the Corporation’s board of directors is subject to the final approval of the TSX Venture Exchange.


For further information, please contact:


Emerald Bay President and CEO, Shelby D. Beattie, or CFO, Mike Rice, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.ebyinc.com


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 and operates various working interests in the HugoCellR, Cotulla, 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


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.




View source version on accesswire.com:
https://www.accesswire.com/551316/Emerald-Bay-Announces-New-Member-Added-to-Board-of-Directors

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Stephen F replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

2 months ago

Stephen F posted a press release Emerald Bay Energy Reports Kuhn 3 Production in EMERALD BAY ENERGY INC

CALGARY, ALBERTA and SAN ANTONIO, TEXAS / ACCESSWIRE / June 26, 2019 / Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the "Company" or "Emerald Bay") is pleased to report on the initial oil production from the Kuhn 3 well. During the first 24 hours, Kuhn 3 produced approximately 120 barrels of oil. Over this period, the Kuhn 3, 4 and A5 wells collectively produced 145 barrels of oil into the sales tanks. In the first 24 hours, production from the Kuhn 3 well was 100% oil with no associated water. We are currently starting to observe a small percentage of water in the samples which are being taken every 6 hours.


As previously reported, the Company anticipated seeing a high fluid volume with an oil cut between 2 and 4% from Kuhn 3, and this may ultimately still be the case. However, due to the unexpected nature of the results to this point, and the impact these production rates potentially mean for the Company, we felt it prudent to provide the initial 24 hour production. The Company will provide further information about the Kuhn 3 production rates as necessary.


The Kuhn 3 well is on the Company's Wooden Horse project in South Texas where Emerald Bay owns a 50% working interest in the wells and receives the WTI price for the oil produced.


For further information, please contact:


Emerald Bay President, Shelby D. Beattie, or CFO, Mike Rice, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.ebyinc.com.


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 and operates various working interests in the HugoCellR, Cotulla, 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


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.


View source version on accesswire.com:
https://www.accesswire.com/550011/Emerald-Bay-Energy-Reports-Kuhn-3-Production

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Al Stie posted an update in EMERALD BAY ENERGY INC

2 months ago

Hi,

In the previous NR it's said that "the new pumping system is capable of producing as much as 2,000 bbls/day of fluid" does this mean that the first 24hr was running at 6% capacity ?

Thanks

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8020 Admin

2 months ago

8020 Admin posted a press release Emerald Bay Energy Reports Kuhn 3 Production in EMERALD BAY ENERGY INC

CALGARY, ALBERTA and SAN ANTONIO, TEXAS / ACCESSWIRE / June 26, 2019 / Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the "Company" or "Emerald Bay") is pleased to report on the initial oil production from the Kuhn 3 well. During the first 24 hours, Kuhn 3 produced approximately 120 barrels of oil. Over this period, the Kuhn 3, 4 and A5 wells collectively produced 145 barrels of oil into the sales tanks. In the first 24 hours, production from the Kuhn 3 well was 100% oil with no associated water. We are currently starting to observe a small percentage of water in the samples which are being taken every 6 hours.


As previously reported, the Company anticipated seeing a high fluid volume with an oil cut between 2 and 4% from Kuhn 3, and this may ultimately still be the case. However, due to the unexpected nature of the results to this point, and the impact these production rates potentially mean for the Company, we felt it prudent to provide the initial 24 hour production. The Company will provide further information about the Kuhn 3 production rates as necessary.


The Kuhn 3 well is on the Company's Wooden Horse project in South Texas where Emerald Bay owns a 50% working interest in the wells and receives the WTI price for the oil produced.


For further information, please contact:


Emerald Bay President, Shelby D. Beattie, or CFO, Mike Rice, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.ebyinc.com.


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 and operates various working interests in the HugoCellR, Cotulla, 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


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.


View source version on accesswire.com:
https://www.accesswire.com/550011/Emerald-Bay-Energy-Reports-Kuhn-3-Production

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8020 Admin

2 months ago

8020 Admin posted a press release Emerald Bay Energy Kuhn 3 Well Resumes Production in EMERALD BAY ENERGY INC

CALGARY, AB, and SAN ANTONIO, TX / June 24, 2019 / Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the "Company" or "Emerald Bay") is pleased to announce that operations to enhance oil recovery from the Kuhn 3 well are complete, and the well is now back on production. The Company previously completed a large acid job to increase in-flow from the formation, and a positive displacement progressive cavity pump has now been installed to pump the increased fluid volume. The new pumping system is capable of producing as much as 2,000 bbls/day of fluid compared to approximately 120 bbls/day from the previous standard rod pump. It is anticipated that Kuhn 3 will produce a high fluid volume with an oil cut between 2 and 4%.


Shelby Beattie, President and CEO of the Company commented, "We are very pleased to have Kuhn 3 on production, and while the exploration process is inherently risky and can take time to realize success, it can also be very rewarding. Now that Kuhn 3, 4 and A5 are all producing, we will work with our partners to resume efforts in what we consider to be the prime target for exploration and development at Wooden Horse, horizontally drilled wells in the upper zone of the Edwards formation."


To date, the Company has drilled and completed one horizontal well in the Edwards formation, the Kuhn 1H well. Kuhn 1H was drilled horizontally in what is the lower of the two potentially productive zones in the formation. At the time, the Company and its partners chose to drill in the lower zone of the formation for several factors including one of the partners experience with successful wells in the lower zone approximately 13 miles away from Wooden Horse. To produce Kuhn 1H, the Company drilled a disposal well capable of injecting 40,000 bbls/day, and built the facilities capable of handling approximately 10,000 bbls/day. Kuhn 1H pumped for over a year from the lower zone and oil production was minimal. Over the past 18 months, wells in much closer proximity to Wooden Horse have been drilled horizontally in the upper zone of the Edwards formation, and the results have been very good, with wells producing up to 170 bbls/day of oil. The Company has always considered the upper zone in Kuhn 1H as a potential producer. The upper zone in Kuhn 1H has higher permeability and porosity than the lower zone and the core samples from the upper zone were highly saturated with oil. These factors along with the recent drilling results in the area make Kuhn 1H a top priority for the Company as we move forward at Wooden Horse.


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 and operates various working interests in the HugoCellR, Cotulla, 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.


View source version on accesswire.com:
https://www.accesswire.com/549756/Emerald-Bay-Energy-Kuhn-3-Well-Resumes-Production

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8020 Admin

2 months ago

8020 Admin posted a press release Emerald Bay Energy Provides Update on Operations at Isabella #2 in EMERALD BAY ENERGY INC


CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / June 20, 2019 / Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the "Company" or "Emerald Bay") reported today on operations at the Isabella #2 well in Gonzales County, Texas. Hydraulic fracturing of the Navarro formation has been completed, and the well has been swabbed for a total of 28 days to recover the frac fluids and measure in-flow rates. In addition to the swabbing operations, the well has intermittently been shut in to monitor pressure builds. Approximately 75% of the 2,132 barrels of fluids used to frac the well have been recovered during swabbing operations, but no measurable quantities of hydrocarbons from the Navarro formation have been observed to this point. The well has been shut in for the past 9 days to allow time to monitor pressure builds.


Pending results from this pressure test, the Company and partner, Cotulla Energy Resources Ltd. ("Cotulla"), will resume swabbing operations, or move forward with plans to resume testing the Buda formation and the primary target in the well, the Eagle Ford formation. While commercial quantities of hydrocarbons were observed in the initial test of the Buda, there was also a significant in-flow of associated water. The Company believes that the water is coming from the Austin Chalk formation, up-hole from the Buda and Eagle Ford, and that a successful cement squeeze will isolate the Buda and Eagle Ford from the water and increase the potential of the successfully completing Isabella #2 in either formation.

As noted in previous news releases, the Isabella #2 well is a re-entry well with multiple zones of interest including the Buda, Eagle Ford, lower Austin Chalk, and Navarro formations. To clarify, to date the Company has tested commercial quantities of hydrocarbons in the initial test of the Buda formation and, due to certain opportunities in the area, the Company and its partner Cotulla, decided to move up-hole, bypassing the Eagle Ford and lower Austin Chalk for the time being, to test the Navarro formation.


The Isabella prospect includes the Company's acquisition of several mineral leases, totaling approximately 86 acres, and the Isabella #2 wellbore. The Isabella 2 well produced from the upper Austin Chalk formation in the past, but the previous operator did not drill to the deeper Eagle Ford and Buda formations. The Company has identified the Isabella 2 wellbore as a prime target to explore for a high impact deep well on trend with Eagle Ford, Buda, and lower Austin Chalk production in Gonzales County, Texas. The Company and Cotulla also identified the potential Navarro zone in the well, which is currently being tested.


Under terms of the partnership agreement, Cotulla pays 100% of the Isabella costs to earn a 75% interest. Emerald Bay retains a 25% interest in the well and acreage at no 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 and operates various working interests in the HugoCellR, Cotulla, 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.


View source version on accesswire.com:
https://www.accesswire.com/549417/Emerald-Bay-Energy-Provides-Update-on-Operations-at-Isabella-2

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patfest commented on Mark  update in EMERALD BAY ENERGY INC

2 months ago

Well we got through another week without any kind of update other than that operations are ongoing. I’m going to do some research because I think 5 weeks of swabbing has got to be a record. I guess we’ll all wait several more days to find out what’s happening, maybe.
No need to reply Mike unless you have some real news or a definite date for when we know what’s happening.

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Mark posted an update in EMERALD BAY ENERGY INC

3 months ago

Well we got through another week without any kind of update other than that operations are ongoing. I’m going to do some research because I think 5 weeks of swabbing has got to be a record. I guess we’ll all wait several more days to find out what’s happening, maybe.
No need to reply Mike unless you have some real news or a definite date for when we know what’s happening.

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Mike Rice commented on Mark  update in EMERALD BAY ENERGY INC

3 months ago

I’m curious as to how long several days is. If I went by what EBY considers several days then I would basically be saying sometime in the distant future. So far several days is over a month and counting. I’d like to use EBYs concept of several days when I go on vacation but I wouldn’t have a job to go back to.
We definitely should have had some update by now because this is taking much to long.

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Mark posted an update in EMERALD BAY ENERGY INC

3 months ago

I’m curious as to how long several days is. If I went by what EBY considers several days then I would basically be saying sometime in the distant future. So far several days is over a month and counting. I’d like to use EBYs concept of several days when I go on vacation but I wouldn’t have a job to go back to.
We definitely should have had some update by now because this is taking much to long.

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Mike Rice commented on Louis Paul  update in EMERALD BAY ENERGY INC

3 months ago

Hello Mike. The private placement announced on Jan. 23 anticipated that work would be done to drill the new Kuhn A6 and also re-enter Kuhn 1H. Have these operations started? Thank you and good day. Look forward to seeing the production results of the Kuhn wells and Isabella. Louis

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Louis Paul posted an update in EMERALD BAY ENERGY INC

3 months ago

Hello Mike. The private placement announced on Jan. 23 anticipated that work would be done to drill the new Kuhn A6 and also re-enter Kuhn 1H. Have these operations started? Thank you and good day. Look forward to seeing the production results of the Kuhn wells and Isabella. Louis

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Vignes Sangarapillai posted an update in EMERALD BAY ENERGY INC

3 months ago

Hopefully by next week we would hear updates on Isabella wells. We all are waiting for your properous. N.R ! Thank you.

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PKen commented on Vignes Sangarapillai  update in EMERALD BAY ENERGY INC

3 months ago

This is a good begining with Isabella as we could see the clear sky and thank you Mike. Congratulation.

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Vignes Sangarapillai posted an update in EMERALD BAY ENERGY INC

3 months ago

This is a good begining with Isabella as we could see the clear sky and thank you Mike. Congratulation.

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Mike Rice posted an update in EMERALD BAY ENERGY INC

3 months ago

Swabbing at Isabella #2


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Mike Rice commented on Mark  update in EMERALD BAY ENERGY INC

3 months ago

Several days or several weeks or is it going to be several months? Will it be like the Kuhn wells and drag on for a year? When will there be news on Isabella? Will it be excuses like we got several times about why the Kuhn wells weren’t done? Will it be one excuse or several excuses.
Swabbing was supposed to start on April 23 and recovery of frac fluids was going to take several and days and then several days more swabbing to get a flow rate. It is now May 13 and I’m pretty sure it’s been more than several days x 2. Did it start raining and everyone had to run for cover? In ten more days it will be a month, far longer than several days. It seems management can’t establish a timeline for these projects and this has now happened several times. Management seems to make it up as they go along with little or no regard for creating shareholders value. I’d like to hear that Isabella is done and pumping a significant amount of oil but I’m pretty sure that after several weeks I will get several excuses as to why it’s still not done.

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Mark posted an update in EMERALD BAY ENERGY INC

3 months ago

Several days or several weeks or is it going to be several months? Will it be like the Kuhn wells and drag on for a year? When will there be news on Isabella? Will it be excuses like we got several times about why the Kuhn wells weren’t done? Will it be one excuse or several excuses.
Swabbing was supposed to start on April 23 and recovery of frac fluids was going to take several and days and then several days more swabbing to get a flow rate. It is now May 13 and I’m pretty sure it’s been more than several days x 2. Did it start raining and everyone had to run for cover? In ten more days it will be a month, far longer than several days. It seems management can’t establish a timeline for these projects and this has now happened several times. Management seems to make it up as they go along with little or no regard for creating shareholders value. I’d like to hear that Isabella is done and pumping a significant amount of oil but I’m pretty sure that after several weeks I will get several excuses as to why it’s still not done.

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Andrew B commented on Vignes Sangarapillai  update in EMERALD BAY ENERGY INC

3 months ago

Hello Mike,
How long it's going to take to break the $ 0.015 resistant point. This is sitting below 0.02 for a long time. I know you couldn't answer other than saying soon.

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

5 minutes ago

8020 Admin posted a press release Early Warning Press Release in Accordance with National Instrument 62-103 in EMERALD BAY ENERGY INC

SAN ANTONIO, TX / ACCESSWIRE / August 15, 2019 / Mr. Carlo Gutierrez issues this press release pursuant to Part 3 - Early Warning Requirements of National Instrument 62-103 with respect to Emerald Bay Energy Inc.


On August 15, 2019, pursuant to a private placement, Carlo Gutierrez ("Gutierrez"), a director of Emerald Bay Energy Inc., acquired ownership of 11,034,333 units (the "Units") of Emerald Bay Energy Inc. (the "Corporation") at a price of $0.015 per Unit, with each Unit being comprised of one common share and one common share purchase warrants (each a "Warrant"), whereby each Warrant is exercisable into one common share (a "Common Share") in the capital of the Corporation at a price of $0.05 on or before August 15, 2020. The Common Shares and Warrants were issued by the Corporation in reliance upon Section 2.5(a) of National Instrument 45-106 - Prospectus and Registration Exemptions. Pursuant to this exemption, the Common Shares and Warrants are initially subject to a four-month hold period.


Prior to giving effect to the foregoing acquisition of securities, Gutierrez owned or controlled 24,140,200 Common Shares and no warrants of the Corporation. After giving effect to the acquisition of the Units, Gutierrez owns or controls 35,174,533 Common Shares (or approximately 9.93% of the issued and outstanding Common Shares (non-diluted)) and 11,034,333 Warrants. If Gutierrez was to exercise all of the warrants in the Corporation he owns (being 11,034,333 warrants), he would control 12.66% of the issued and outstanding Common Shares of the Corporation.


In the future, Gutierrez may acquire additional securities of the Corporation, dispose of some or all of the securities he now owns or controls, or may continue to hold his current position.


The Common Shares of the Corporation are listed on the TSX Venture Exchange under the trading symbol "EBY".


For further information or to receive a copy of the early warning report filed by Gutierrez with securities regulatory authorities in Canada in connection with this press release, please contact Michael Rice, Chief Financial Officer of the Corporation, at (403) 262-6000.


SOURCE: Mr. Carlo Gutierrez


View source version on accesswire.com:
https://www.accesswire.com/556206/Early-Warning-Press-Release-in-Accordance-with-National-Instrument-62-103

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8020 Admin

6 minutes ago

8020 Admin posted a press release Early Warning Press Release in Accordance with National Instrument 62-103 in EMERALD BAY ENERGY INC

CALGARY, AB / ACCESSWIRE / August 15, 2019 / Mr. Clarence Wagenaar issues this press release pursuant to Part 3 - Early Warning Requirements of National Instrument 62-103 with respect to Emerald Bay Energy Inc..


On August 15, 2019, pursuant to a private placement, Clarence Wagenaar ("Wagenaar"), through two corporate entities he controls, acquired ownership of 10,273,333 units (the "Units") of Emerald Bay Energy Inc. (the "Corporation") at a price of $0.015 per Unit, with each Unit being comprised of one common share and one common share purchase warrants (each a "Warrant"), whereby each Warrant is exercisable into one common share (a "Common Share") in the capital of the Corporation at a price of $0.05 on or before August 15, 2020. The Common Shares and Warrants were issued by the Corporation in reliance upon Section 2.5(h) of National Instrument 45-106 - Prospectus and Registration Exemptions. Pursuant to this exemption, the Common Shares and Warrants are initially subject to a four-month hold period.


Prior to giving effect to the foregoing acquisition of securities, Wagenaar owned or controlled 33,520,178 Common Shares and 8,000,000 warrants of the Corporation. After giving effect to the acquisition of the Units, Wagenaar owns or controls 43,793,511 Common Shares (or approximately 12.37% of the issued and outstanding Common Shares (non-diluted)) and 18,273,333 Warrants.


In the future, Wagenaar may acquire additional securities of the Corporation, dispose of some or all of the securities he now owns or controls, or may continue to hold his current position.


The Common Shares of the Corporation are listed on the TSX Venture Exchange under the trading symbol "EBY".


For further information or to receive a copy of the early warning report filed by Wagenaar with securities regulatory authorities in Canada in connection with this press release, please contact Michael Rice, Chief Financial Officer of the Corporation, at (403) 262-6000.


SOURCE: Mr. Clarence Wagenaar


View source version on accesswire.com:
https://www.accesswire.com/556207/Early-Warning-Press-Release-in-Accordance-with-National-Instrument-62-103

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8020 Admin

7 minutes ago

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

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / August 15, 2019 / Emerald Bay Energy Inc. (TSXV:EBY)(OTC:EMBYF) (the "Corporation", the "Company" or "Emerald Bay") today reported that the Corporation has closed its 33,333,333 units ("Units") were issued (of which 14,034,333 Units were acquired by directors and officers of the Corporation and 10,273,333 Units were acquired by insiders of the Corporation) at a price of $0.015 per Unit, for aggregate consideration of $500,000. Each Unit consisted of one (1) Common Share of the Corporation and one (1) share purchase warrant (the "Warrant") (each full Warrant shall entitle the holder thereof to purchase one (1) additional Common Share of the Corporation for a period of 12 months from the issuance of the Units at a price of $0.05) (the "Offering").


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


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


(i) land and lease renewals and acquisitions at Wooden Horse, Texas and LaVernia, Texas at an approximate cost of $190,000;


(ii) drill and test Kuhn A7 well (Wooden Horse) at an approximate cost of $137,500; and


(iii) drill and test Huebinger A1 well (Wooden Horse) at an approximate cost of $137,500.


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 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 and operates various working interests in the HugoCellR, Cotulla, 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 and CEO, Shelby D. Beattie, or CFO, Mike Rice, 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.


View source version on accesswire.com:
https://www.accesswire.com/556197/Emerald-Bay-Energy-Closes-Private-Placement

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

14 days ago

Mike Rice posted a press release Emerald Bay Energy Provides Update on Kuhn Wells in EMERALD BAY ENERGY INC

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / July 31, 2019 / Emerald Bay Energy Inc. (TSXV:EBY)(OTC:EMBYF) (the "Corporation") is pleased to provide the following update on production at the Company’s Wooden Horse project in South Texas. With the electrical upgrades now complete, the three Kuhn wells were on production for 26 days in July and produced 1022 barrels of oil for an average production rate of 39.3 barrels of oil per day.


For further information, please contact:


Emerald Bay President and CEO, Shelby D. Beattie, or CFO, Mike Rice, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.ebyinc.com


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 and operates various working interests in the HugoCellR, Cotulla, 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



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.


View source version on accesswire.com:
https://www.accesswire.com/554177/Emerald-Bay-Energy-Provides-Update-on-Kuhn-Wells

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

15 days ago

Louis Paul posted a press release Emerald Bay Energy Provides Update on Kuhn Wells in EMERALD BAY ENERGY INC

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / July 31, 2019 / Emerald Bay Energy Inc. (TSXV:EBY)(OTC:EMBYF) (the "Corporation") is pleased to provide the following update on production at the Company’s Wooden Horse project in South Texas. With the electrical upgrades now complete, the three Kuhn wells were on production for 26 days in July and produced 1022 barrels of oil for an average production rate of 39.3 barrels of oil per day.


For further information, please contact:


Emerald Bay President and CEO, Shelby D. Beattie, or CFO, Mike Rice, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.ebyinc.com


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 and operates various working interests in the HugoCellR, Cotulla, 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



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.


View source version on accesswire.com:
https://www.accesswire.com/554177/Emerald-Bay-Energy-Provides-Update-on-Kuhn-Wells

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8020 Admin

15 days ago

8020 Admin posted a press release Emerald Bay Energy Provides Update on Kuhn Wells in EMERALD BAY ENERGY INC

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / July 31, 2019 / Emerald Bay Energy Inc. (TSXV:EBY)(OTC:EMBYF) (the "Corporation") is pleased to provide the following update on production at the Company’s Wooden Horse project in South Texas. With the electrical upgrades now complete, the three Kuhn wells were on production for 26 days in July and produced 1022 barrels of oil for an average production rate of 39.3 barrels of oil per day.


For further information, please contact:


Emerald Bay President and CEO, Shelby D. Beattie, or CFO, Mike Rice, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.ebyinc.com


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 and operates various working interests in the HugoCellR, Cotulla, 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



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.


View source version on accesswire.com:
https://www.accesswire.com/554177/Emerald-Bay-Energy-Provides-Update-on-Kuhn-Wells

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8020 Admin

17 days ago

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

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / July 29, 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 33,333,333 common shares ("Common Shares") of the Corporation). The Common Shares are to be issued under a unit offering whereby up to a maximum of 33,333,333 units ("Units") at a subscription price of $0.015 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 and acquisitions at Wooden Horse, Texas and LaVernia, Texas at an approximate cost of $190,000;

  2. drill and test Kuhn A7 well (Wooden Horse) at an approximate cost of $137,500; and

  3. drill and test Huebinger A1 well (Wooden Horse) at an approximate cost of $137,500.


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 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 and operates various working interests in the HugoCellR, Cotulla, 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



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.



View source version on accesswire.com:
https://www.accesswire.com/553804/Emerald-Bay-Announces-Private-Placement

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DArcy Funfer replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

1 month ago

DArcy Funfer posted a press release Emerald Bay Announces New Member Added to Board of Directors in EMERALD BAY ENERGY INC

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / July 9, 2019 / Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the "Corporation") today reported that Mr. Carlo Enrique Gutierrez has been appointed to the Corporation’s Board of Directors. Mr. Gutierrez began his career in the summer of 2012 working at a frac sand plant for Arepet Industries LLC as an assistant operations manager. In 2014, Mr. Gutierrez completed a Bachelors of Science degree in International Studies from Texas A&M University. Following his graduation, Mr. Gutierrez worked for a small oil & gas company as a field operator, and then started his own trucking company, C.P. Hauling LLC, transporting frac sand. In 2016, Mr. Gutierrez transitioned into real estate, and is licensed by the Texas Real Estate Commission, where he now works in land development, project management, and as a consultant for Vise Oaks 1, Ltd. Mr. Gutierrez has also served as a board member for the 211 Public Improvement District Highway in San Antonio for the past two years. Mr. Gutierrez owns 24,140,200 common shares in the Corporation.


The appointment of Mr. Carlo Enrique Gutierrez to the Corporation’s board of directors is subject to the final approval of the TSX Venture Exchange.


For further information, please contact:


Emerald Bay President and CEO, Shelby D. Beattie, or CFO, Mike Rice, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.ebyinc.com


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 and operates various working interests in the HugoCellR, Cotulla, 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


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.




View source version on accesswire.com:
https://www.accesswire.com/551316/Emerald-Bay-Announces-New-Member-Added-to-Board-of-Directors

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8020 Admin

1 month ago

8020 Admin posted a press release Emerald Bay Announces New Member Added to Board of Directors in EMERALD BAY ENERGY INC

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / July 9, 2019 / Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the "Corporation") today reported that Mr. Carlo Enrique Gutierrez has been appointed to the Corporation’s Board of Directors. Mr. Gutierrez began his career in the summer of 2012 working at a frac sand plant for Arepet Industries LLC as an assistant operations manager. In 2014, Mr. Gutierrez completed a Bachelors of Science degree in International Studies from Texas A&M University. Following his graduation, Mr. Gutierrez worked for a small oil & gas company as a field operator, and then started his own trucking company, C.P. Hauling LLC, transporting frac sand. In 2016, Mr. Gutierrez transitioned into real estate, and is licensed by the Texas Real Estate Commission, where he now works in land development, project management, and as a consultant for Vise Oaks 1, Ltd. Mr. Gutierrez has also served as a board member for the 211 Public Improvement District Highway in San Antonio for the past two years. Mr. Gutierrez owns 24,140,200 common shares in the Corporation.


The appointment of Mr. Carlo Enrique Gutierrez to the Corporation’s board of directors is subject to the final approval of the TSX Venture Exchange.


For further information, please contact:


Emerald Bay President and CEO, Shelby D. Beattie, or CFO, Mike Rice, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.ebyinc.com


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 and operates various working interests in the HugoCellR, Cotulla, 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


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.




View source version on accesswire.com:
https://www.accesswire.com/551316/Emerald-Bay-Announces-New-Member-Added-to-Board-of-Directors

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Stephen F replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

2 months ago

Stephen F posted a press release Emerald Bay Energy Reports Kuhn 3 Production in EMERALD BAY ENERGY INC

CALGARY, ALBERTA and SAN ANTONIO, TEXAS / ACCESSWIRE / June 26, 2019 / Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the "Company" or "Emerald Bay") is pleased to report on the initial oil production from the Kuhn 3 well. During the first 24 hours, Kuhn 3 produced approximately 120 barrels of oil. Over this period, the Kuhn 3, 4 and A5 wells collectively produced 145 barrels of oil into the sales tanks. In the first 24 hours, production from the Kuhn 3 well was 100% oil with no associated water. We are currently starting to observe a small percentage of water in the samples which are being taken every 6 hours.


As previously reported, the Company anticipated seeing a high fluid volume with an oil cut between 2 and 4% from Kuhn 3, and this may ultimately still be the case. However, due to the unexpected nature of the results to this point, and the impact these production rates potentially mean for the Company, we felt it prudent to provide the initial 24 hour production. The Company will provide further information about the Kuhn 3 production rates as necessary.


The Kuhn 3 well is on the Company's Wooden Horse project in South Texas where Emerald Bay owns a 50% working interest in the wells and receives the WTI price for the oil produced.


For further information, please contact:


Emerald Bay President, Shelby D. Beattie, or CFO, Mike Rice, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.ebyinc.com.


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 and operates various working interests in the HugoCellR, Cotulla, 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


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.


View source version on accesswire.com:
https://www.accesswire.com/550011/Emerald-Bay-Energy-Reports-Kuhn-3-Production

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Al Stie posted an update in EMERALD BAY ENERGY INC

2 months ago

Hi,

In the previous NR it's said that "the new pumping system is capable of producing as much as 2,000 bbls/day of fluid" does this mean that the first 24hr was running at 6% capacity ?

Thanks

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8020 Admin

2 months ago

8020 Admin posted a press release Emerald Bay Energy Reports Kuhn 3 Production in EMERALD BAY ENERGY INC

CALGARY, ALBERTA and SAN ANTONIO, TEXAS / ACCESSWIRE / June 26, 2019 / Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the "Company" or "Emerald Bay") is pleased to report on the initial oil production from the Kuhn 3 well. During the first 24 hours, Kuhn 3 produced approximately 120 barrels of oil. Over this period, the Kuhn 3, 4 and A5 wells collectively produced 145 barrels of oil into the sales tanks. In the first 24 hours, production from the Kuhn 3 well was 100% oil with no associated water. We are currently starting to observe a small percentage of water in the samples which are being taken every 6 hours.


As previously reported, the Company anticipated seeing a high fluid volume with an oil cut between 2 and 4% from Kuhn 3, and this may ultimately still be the case. However, due to the unexpected nature of the results to this point, and the impact these production rates potentially mean for the Company, we felt it prudent to provide the initial 24 hour production. The Company will provide further information about the Kuhn 3 production rates as necessary.


The Kuhn 3 well is on the Company's Wooden Horse project in South Texas where Emerald Bay owns a 50% working interest in the wells and receives the WTI price for the oil produced.


For further information, please contact:


Emerald Bay President, Shelby D. Beattie, or CFO, Mike Rice, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.ebyinc.com.


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 and operates various working interests in the HugoCellR, Cotulla, 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


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.


View source version on accesswire.com:
https://www.accesswire.com/550011/Emerald-Bay-Energy-Reports-Kuhn-3-Production

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8020 Admin

2 months ago

8020 Admin posted a press release Emerald Bay Energy Kuhn 3 Well Resumes Production in EMERALD BAY ENERGY INC

CALGARY, AB, and SAN ANTONIO, TX / June 24, 2019 / Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the "Company" or "Emerald Bay") is pleased to announce that operations to enhance oil recovery from the Kuhn 3 well are complete, and the well is now back on production. The Company previously completed a large acid job to increase in-flow from the formation, and a positive displacement progressive cavity pump has now been installed to pump the increased fluid volume. The new pumping system is capable of producing as much as 2,000 bbls/day of fluid compared to approximately 120 bbls/day from the previous standard rod pump. It is anticipated that Kuhn 3 will produce a high fluid volume with an oil cut between 2 and 4%.


Shelby Beattie, President and CEO of the Company commented, "We are very pleased to have Kuhn 3 on production, and while the exploration process is inherently risky and can take time to realize success, it can also be very rewarding. Now that Kuhn 3, 4 and A5 are all producing, we will work with our partners to resume efforts in what we consider to be the prime target for exploration and development at Wooden Horse, horizontally drilled wells in the upper zone of the Edwards formation."


To date, the Company has drilled and completed one horizontal well in the Edwards formation, the Kuhn 1H well. Kuhn 1H was drilled horizontally in what is the lower of the two potentially productive zones in the formation. At the time, the Company and its partners chose to drill in the lower zone of the formation for several factors including one of the partners experience with successful wells in the lower zone approximately 13 miles away from Wooden Horse. To produce Kuhn 1H, the Company drilled a disposal well capable of injecting 40,000 bbls/day, and built the facilities capable of handling approximately 10,000 bbls/day. Kuhn 1H pumped for over a year from the lower zone and oil production was minimal. Over the past 18 months, wells in much closer proximity to Wooden Horse have been drilled horizontally in the upper zone of the Edwards formation, and the results have been very good, with wells producing up to 170 bbls/day of oil. The Company has always considered the upper zone in Kuhn 1H as a potential producer. The upper zone in Kuhn 1H has higher permeability and porosity than the lower zone and the core samples from the upper zone were highly saturated with oil. These factors along with the recent drilling results in the area make Kuhn 1H a top priority for the Company as we move forward at Wooden Horse.


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 and operates various working interests in the HugoCellR, Cotulla, 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.


View source version on accesswire.com:
https://www.accesswire.com/549756/Emerald-Bay-Energy-Kuhn-3-Well-Resumes-Production

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8020 Admin

2 months ago

8020 Admin posted a press release Emerald Bay Energy Provides Update on Operations at Isabella #2 in EMERALD BAY ENERGY INC


CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / June 20, 2019 / Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the "Company" or "Emerald Bay") reported today on operations at the Isabella #2 well in Gonzales County, Texas. Hydraulic fracturing of the Navarro formation has been completed, and the well has been swabbed for a total of 28 days to recover the frac fluids and measure in-flow rates. In addition to the swabbing operations, the well has intermittently been shut in to monitor pressure builds. Approximately 75% of the 2,132 barrels of fluids used to frac the well have been recovered during swabbing operations, but no measurable quantities of hydrocarbons from the Navarro formation have been observed to this point. The well has been shut in for the past 9 days to allow time to monitor pressure builds.


Pending results from this pressure test, the Company and partner, Cotulla Energy Resources Ltd. ("Cotulla"), will resume swabbing operations, or move forward with plans to resume testing the Buda formation and the primary target in the well, the Eagle Ford formation. While commercial quantities of hydrocarbons were observed in the initial test of the Buda, there was also a significant in-flow of associated water. The Company believes that the water is coming from the Austin Chalk formation, up-hole from the Buda and Eagle Ford, and that a successful cement squeeze will isolate the Buda and Eagle Ford from the water and increase the potential of the successfully completing Isabella #2 in either formation.

As noted in previous news releases, the Isabella #2 well is a re-entry well with multiple zones of interest including the Buda, Eagle Ford, lower Austin Chalk, and Navarro formations. To clarify, to date the Company has tested commercial quantities of hydrocarbons in the initial test of the Buda formation and, due to certain opportunities in the area, the Company and its partner Cotulla, decided to move up-hole, bypassing the Eagle Ford and lower Austin Chalk for the time being, to test the Navarro formation.


The Isabella prospect includes the Company's acquisition of several mineral leases, totaling approximately 86 acres, and the Isabella #2 wellbore. The Isabella 2 well produced from the upper Austin Chalk formation in the past, but the previous operator did not drill to the deeper Eagle Ford and Buda formations. The Company has identified the Isabella 2 wellbore as a prime target to explore for a high impact deep well on trend with Eagle Ford, Buda, and lower Austin Chalk production in Gonzales County, Texas. The Company and Cotulla also identified the potential Navarro zone in the well, which is currently being tested.


Under terms of the partnership agreement, Cotulla pays 100% of the Isabella costs to earn a 75% interest. Emerald Bay retains a 25% interest in the well and acreage at no 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 and operates various working interests in the HugoCellR, Cotulla, 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.


View source version on accesswire.com:
https://www.accesswire.com/549417/Emerald-Bay-Energy-Provides-Update-on-Operations-at-Isabella-2

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patfest commented on Mark  update in EMERALD BAY ENERGY INC

2 months ago

Well we got through another week without any kind of update other than that operations are ongoing. I’m going to do some research because I think 5 weeks of swabbing has got to be a record. I guess we’ll all wait several more days to find out what’s happening, maybe.
No need to reply Mike unless you have some real news or a definite date for when we know what’s happening.

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Mark posted an update in EMERALD BAY ENERGY INC

3 months ago

Well we got through another week without any kind of update other than that operations are ongoing. I’m going to do some research because I think 5 weeks of swabbing has got to be a record. I guess we’ll all wait several more days to find out what’s happening, maybe.
No need to reply Mike unless you have some real news or a definite date for when we know what’s happening.

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Mike Rice commented on Mark  update in EMERALD BAY ENERGY INC

3 months ago

I’m curious as to how long several days is. If I went by what EBY considers several days then I would basically be saying sometime in the distant future. So far several days is over a month and counting. I’d like to use EBYs concept of several days when I go on vacation but I wouldn’t have a job to go back to.
We definitely should have had some update by now because this is taking much to long.

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Mark posted an update in EMERALD BAY ENERGY INC

3 months ago

I’m curious as to how long several days is. If I went by what EBY considers several days then I would basically be saying sometime in the distant future. So far several days is over a month and counting. I’d like to use EBYs concept of several days when I go on vacation but I wouldn’t have a job to go back to.
We definitely should have had some update by now because this is taking much to long.

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Mike Rice commented on Louis Paul  update in EMERALD BAY ENERGY INC

3 months ago

Hello Mike. The private placement announced on Jan. 23 anticipated that work would be done to drill the new Kuhn A6 and also re-enter Kuhn 1H. Have these operations started? Thank you and good day. Look forward to seeing the production results of the Kuhn wells and Isabella. Louis

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Louis Paul posted an update in EMERALD BAY ENERGY INC

3 months ago

Hello Mike. The private placement announced on Jan. 23 anticipated that work would be done to drill the new Kuhn A6 and also re-enter Kuhn 1H. Have these operations started? Thank you and good day. Look forward to seeing the production results of the Kuhn wells and Isabella. Louis

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Vignes Sangarapillai posted an update in EMERALD BAY ENERGY INC

3 months ago

Hopefully by next week we would hear updates on Isabella wells. We all are waiting for your properous. N.R ! Thank you.

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PKen commented on Vignes Sangarapillai  update in EMERALD BAY ENERGY INC

3 months ago

This is a good begining with Isabella as we could see the clear sky and thank you Mike. Congratulation.

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Vignes Sangarapillai posted an update in EMERALD BAY ENERGY INC

3 months ago

This is a good begining with Isabella as we could see the clear sky and thank you Mike. Congratulation.

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Mike Rice posted an update in EMERALD BAY ENERGY INC

3 months ago

Swabbing at Isabella #2


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Mike Rice commented on Mark  update in EMERALD BAY ENERGY INC

3 months ago

Several days or several weeks or is it going to be several months? Will it be like the Kuhn wells and drag on for a year? When will there be news on Isabella? Will it be excuses like we got several times about why the Kuhn wells weren’t done? Will it be one excuse or several excuses.
Swabbing was supposed to start on April 23 and recovery of frac fluids was going to take several and days and then several days more swabbing to get a flow rate. It is now May 13 and I’m pretty sure it’s been more than several days x 2. Did it start raining and everyone had to run for cover? In ten more days it will be a month, far longer than several days. It seems management can’t establish a timeline for these projects and this has now happened several times. Management seems to make it up as they go along with little or no regard for creating shareholders value. I’d like to hear that Isabella is done and pumping a significant amount of oil but I’m pretty sure that after several weeks I will get several excuses as to why it’s still not done.

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Mark posted an update in EMERALD BAY ENERGY INC

3 months ago

Several days or several weeks or is it going to be several months? Will it be like the Kuhn wells and drag on for a year? When will there be news on Isabella? Will it be excuses like we got several times about why the Kuhn wells weren’t done? Will it be one excuse or several excuses.
Swabbing was supposed to start on April 23 and recovery of frac fluids was going to take several and days and then several days more swabbing to get a flow rate. It is now May 13 and I’m pretty sure it’s been more than several days x 2. Did it start raining and everyone had to run for cover? In ten more days it will be a month, far longer than several days. It seems management can’t establish a timeline for these projects and this has now happened several times. Management seems to make it up as they go along with little or no regard for creating shareholders value. I’d like to hear that Isabella is done and pumping a significant amount of oil but I’m pretty sure that after several weeks I will get several excuses as to why it’s still not done.

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Andrew B commented on Vignes Sangarapillai  update in EMERALD BAY ENERGY INC

3 months ago

Hello Mike,
How long it's going to take to break the $ 0.015 resistant point. This is sitting below 0.02 for a long time. I know you couldn't answer other than saying soon.