EMERALD BAY ENERGY INC

lockPrivate Group

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...

people146 Members       (0)

Corporate Profile
Group Admins:
  • Thumb 8020 monitor 200 200  png
  • Thumb 10389189 1001055793243166 6457888455133848488 n
  • Thumb 9a7a91bf57c9f82461b53238e00c1664 bpfull
Group Mods:
  • Thumb 8020 media relations
Request Membership


EMERALD BAY ENERGY INC

lockPrivateGroup

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

people146 Members       (0)

Thumb 8020 monitor 200 200  png

8020 Admin

4 hours

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

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the Floyd 1 and Floyd 2 wells have been successfully drilled and cased on the F. Poenitz lease in Guadalupe County, Texas.  The tank battery and flow lines are now being put in place in preparation for fracture stimulating and producing the wells.  It is anticipated that both wells will be on production in early October and the Company will provide further information as it becomes available.

 

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non-operated oil and natural gas interests in Central Alberta, Canada.  EBY is the operating partner of the Wooden Horse, Nash Creek, and Cottonwood Creek Projects in Guadelupe County, Texas, where the Company currently now owns a 50.00% working interest in those projects. Additionally, the Company owns various working interests in the MarPat and HugoCellR partnerships.  The Company also owns 75% of Production Resources Inc., a South Texas oil company.

 

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

 

For further information, please contact:

 

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

Email: info@ebyinc.com

www.ebyinc.com

 

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

 

Forward-Looking Statements

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

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



To view the original release, please click here


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

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice commented on corystinchcombe  update inEMERALD BAY ENERGY INC

5 hours

Hello Cory. The well responded as we hoped to the acid stimulation as we were able to free flow the well into the frac tank at a significantly increased rate than prior to the acid job. We had to shift our efforts a little to the HugoCellR partnership and the two Floyd wells over the past few weeks, but rest assured the plan to install an ESP on Kuhn 3 is underway and the well will be pumping again in the near future. Thanks, Mike
keyboard_arrow_downShow Post

!

corystinchcombe posted an update inEMERALD BAY ENERGY INC

Hello Mike... I think people are still wondering what ended up happening with Kuhn 3. Are you able to give us an update on that?

!
Thumb no photo

corystinchcombe posted an update inEMERALD BAY ENERGY INC

3 days

Hello Mike... I think people are still wondering what ended up happening with Kuhn 3. Are you able to give us an update on that?

!
Thumb no photo

Ford Victoria commented on Ford Victoria  update inEMERALD BAY ENERGY INC

5 days

Excellent Mike, I am happy to see you guys are all busy and rolling, so 3 rigs busy and more wells on their way. Good Job
keyboard_arrow_downShow Post

!

Ford Victoria posted an update inEMERALD BAY ENERGY INC

Hello Mike I have more questions about the last NR, sorry to keep you busy, In the NR it says (in partnership with HugoCellR Ltd. (“Hugo”), has leased the mineral rights to approximately 300 acres in Guadalupe County, Texas. ) Does this mean EBY and HugocellR are both 50% owners of the mineral rights?, Or is a partnership just like the last one, EBY owns the mineral rights and HugocellR will drill the property and EBY will get 25% cut. HugocellR will lease, rent his own equipment to do all this work or PRI equipment will be used and the expense paid by HugocellR. Could you please share what the 2 PRI rigs are doing at the moment, last news about one of them is from the beginning of August when it was moved to acid stimulation and swab testing of Kuhn 3 which we do not know if work finished there and what the other one might be doing. Thank you in advance for any info. FV

!

8020 Admin posted a press release Emerald Bay Energy Begins Drilling Floyd 1 Well in South Texas in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that drilling operations have commenced on the Floyd 1 well at the recently acquired F. Poenitz lease in Guadalupe County, Texas.   The Floyd 1 and Floyd 2 wells are being drilled in partnership with HugoCellR Ltd. (“Hugo”), whereby Hugo will pay 100% of the costs to earn a 75% Working Interest in the wells.  As the operating partner, Emerald Bay earns a 25% interest in the wells at no cost to the Company.  Once the Floyd 1 well is drilled to the base of the Navarro formation, casing will be set in the well and the rig will immediately move to drill the Floyd 2 well.  When drilling operations are completed the wells will be prepared to be fracture stimulated.   It is anticipated that both wells will be on production in early October and the Company will provide additional information as it becomes available.

 

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non-operated oil and natural gas interests in Central Alberta, Canada.  EBY is the operating partner of the Wooden Horse, Nash Creek, and Cottonwood Creek Projects in Guadelupe County, Texas, where the Company currently now owns a 50.00% working interest in those projects. Additionally, the Company owns various working interests in the MarPat and HugoCellR partnerships.  The Company also owns 75% of Production Resources Inc., a South Texas oil company. 

 

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com.

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

 

Forward-Looking Statements

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

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


To view the original release, please click here

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

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice commented on Ford Victoria  update inEMERALD BAY ENERGY INC

5 days

Hello Ford. Sorry for the delayed reply, I usually try to get to questions more quickly, but have been busy getting the Floyd wells underway. Details of the ownership interests of the Bauer lease and the wildcat/first well are still TBD, so I don't have any further information to provide on that at this point. One of the PRI rigs is currently at Wooden Horse working on our operations there, and the other well is in Taylor Ina working on PRI wells. Thanks, Mike
keyboard_arrow_downShow Post

!

Ford Victoria posted an update inEMERALD BAY ENERGY INC

Hello Mike I have more questions about the last NR, sorry to keep you busy, In the NR it says (in partnership with HugoCellR Ltd. (“Hugo”), has leased the mineral rights to approximately 300 acres in Guadalupe County, Texas. ) Does this mean EBY and HugocellR are both 50% owners of the mineral rights?, Or is a partnership just like the last one, EBY owns the mineral rights and HugocellR will drill the property and EBY will get 25% cut. HugocellR will lease, rent his own equipment to do all this work or PRI equipment will be used and the expense paid by HugocellR. Could you please share what the 2 PRI rigs are doing at the moment, last news about one of them is from the beginning of August when it was moved to acid stimulation and swab testing of Kuhn 3 which we do not know if work finished there and what the other one might be doing. Thank you in advance for any info. FV

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice posted an update inEMERALD BAY ENERGY INC

5 days

Hello everyone. It has been a very busy week so far down here in Texas. Here's a picture I took just before we spudded Floyd 1 on our new lease an hour ago. Very exciting to get our first project underway with Hugo. Mike Rice CFO

Thumb floyd 1

!
Thumb no photo

Ford Victoria commented on Ford Victoria  update inEMERALD BAY ENERGY INC

7 days

By the way great Job getting the property if it holds oil will be a great asset for EBY because is huge, 1.2 square KM can host many wells.
keyboard_arrow_downShow Post

!

Ford Victoria posted an update inEMERALD BAY ENERGY INC

Hello Mike I have more questions about the last NR, sorry to keep you busy, In the NR it says (in partnership with HugoCellR Ltd. (“Hugo”), has leased the mineral rights to approximately 300 acres in Guadalupe County, Texas. ) Does this mean EBY and HugocellR are both 50% owners of the mineral rights?, Or is a partnership just like the last one, EBY owns the mineral rights and HugocellR will drill the property and EBY will get 25% cut. HugocellR will lease, rent his own equipment to do all this work or PRI equipment will be used and the expense paid by HugocellR. Could you please share what the 2 PRI rigs are doing at the moment, last news about one of them is from the beginning of August when it was moved to acid stimulation and swab testing of Kuhn 3 which we do not know if work finished there and what the other one might be doing. Thank you in advance for any info. FV

!
Thumb no photo

Ford Victoria posted an update inEMERALD BAY ENERGY INC

7 days

Hello Mike I have more questions about the last NR, sorry to keep you busy, In the NR it says (in partnership with HugoCellR Ltd. (“Hugo”), has leased the mineral rights to approximately 300 acres in Guadalupe County, Texas. ) Does this mean EBY and HugocellR are both 50% owners of the mineral rights?, Or is a partnership just like the last one, EBY owns the mineral rights and HugocellR will drill the property and EBY will get 25% cut. HugocellR will lease, rent his own equipment to do all this work or PRI equipment will be used and the expense paid by HugocellR. Could you please share what the 2 PRI rigs are doing at the moment, last news about one of them is from the beginning of August when it was moved to acid stimulation and swab testing of Kuhn 3 which we do not know if work finished there and what the other one might be doing. Thank you in advance for any info. FV

!
Thumb 8020 monitor 200 200  png

8020 Admin

10 days

8020 Admin posted a press release Emerald Bay Energy Acquires 300 Acres to Drill Wildcat Well in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the Company, in partnership with HugoCellR Ltd. (“Hugo”),  has leased the mineral rights to approximately 300 acres in Guadalupe County, Texas.  The Bauer prospect has been in development by the Company for over nine months with potential hydrocarbon bearing zones from the Navarro formation at approximately 1000 feet deep to the Sligo formation at over 4000 feet deep.  The Company is now in the planning stages to drill a wildcat test well on the Bauer prospect to target all formations including the Pecan Gap, Edwards, Eagle Ford, and Austin Chalk. 

Commented Shelby D. Beattie, President and CEO, “We are very excited about the size and scope of the Bauer prospect.  We have been developing the prospect for many months and now that we have acquired the mineral lease we can move ahead with planning the first wildcat test well which will be the deepest well we have drilled to date in Texas.  We are also very pleased with the ongoing partnership with HugoCellR Ltd.  This is the second project we have begun with Hugo in the past 30 days as continually look to expand our prospect base in Texas.”

 

About Emerald Bay

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

 

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com.

 

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

 

Forward-Looking Statements

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

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


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

!
Thumb no photo

Ford Victoria posted an update inEMERALD BAY ENERGY INC

14 days

Thanks Mike, That should be it, I hope next numbers will be better, Me as investor seems I have a long wait ahead of me but let's hope EBY comes to be a great company. Have a great day.

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice commented on Ford Victoria  update inEMERALD BAY ENERGY INC

14 days

Hello Ford. I think you may be missing the fact that as a Canadian Company, with offices, legal, accounting, audit, listing fees, etc. all being generated on the Canadian side you will see the discrepancy you are looking at. Rest assured, what Canadian assets we have are not a drain/drag on the Company. Hope this helps. Have a great day. Thanks, Mike Rice
keyboard_arrow_downShow Post

!

Ford Victoria posted an update inEMERALD BAY ENERGY INC

Thank you for your prompt answer, as Canadian operation I was referring to the info in page 20 incise 18. nd natural gas. Product segmentation is as follows: Revenue Oil Natural Gas NGL’s Total June 30, 2018 ($) 585,892 11,603 7,871 605,366 June 30, 2017 ($) ‐ 4,428 43 4,471 Geographical segmentation is as follows: Three months ended June 30, 2018 ($) Canada United States Total Petroleum and natural gas sales 20,924 284,445 305,369 Depletion, depreciation and impairment ‐ 27,339 27,339 Net loss 264,158 123,324 387,482 Property and equipment 35,677 6,569,939 6,605,616 Exploration and evaluation assets ‐ 3,071,938 3,071,938 Investment in Partnership ‐ ‐ ‐ Total liabilities 9,747,483 8,328,304 18,075,787 Sorry it does not show in the proper format when I try to paste. basically it shows that we have more net loss from Canada than the US, maybe you could bring some light to that. You guys are doing a great job with the PR, no complains about that, still I am sure there will be a way to bring some light to production numbers since I am not the only one and I appreciated you take my suggestions into consideration. Yes it is normal policy for companies not to discus or speculate about the share price but is also understood that at the end is what is important to investors and the health of the company itself saying that I think EBY should grow as a producing company in the coming months and also the share price with it. I am hopping we will get more good news any time now since we passed the average time lapse for news, hahaha lets bring a bit of humor. Thank you again.

!
Thumb no photo

Ford Victoria posted an update inEMERALD BAY ENERGY INC

14 days

Thank you for your prompt answer, as Canadian operation I was referring to the info in page 20 incise 18. nd natural gas. Product segmentation is as follows: Revenue Oil Natural Gas NGL’s Total June 30, 2018 ($) 585,892 11,603 7,871 605,366 June 30, 2017 ($) ‐ 4,428 43 4,471 Geographical segmentation is as follows: Three months ended June 30, 2018 ($) Canada United States Total Petroleum and natural gas sales 20,924 284,445 305,369 Depletion, depreciation and impairment ‐ 27,339 27,339 Net loss 264,158 123,324 387,482 Property and equipment 35,677 6,569,939 6,605,616 Exploration and evaluation assets ‐ 3,071,938 3,071,938 Investment in Partnership ‐ ‐ ‐ Total liabilities 9,747,483 8,328,304 18,075,787 Sorry it does not show in the proper format when I try to paste. basically it shows that we have more net loss from Canada than the US, maybe you could bring some light to that. You guys are doing a great job with the PR, no complains about that, still I am sure there will be a way to bring some light to production numbers since I am not the only one and I appreciated you take my suggestions into consideration. Yes it is normal policy for companies not to discus or speculate about the share price but is also understood that at the end is what is important to investors and the health of the company itself saying that I think EBY should grow as a producing company in the coming months and also the share price with it. I am hopping we will get more good news any time now since we passed the average time lapse for news, hahaha lets bring a bit of humor. Thank you again.

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice commented on Ford Victoria  update inEMERALD BAY ENERGY INC

14 days

Hello Ford. Thank you for your comments. I just saw them and thought I would get back to you right away as I have a few minutes this morning. I hope you can appreciate that we do not engage in discussions about "selling pressure" or any speculation in regards to the share price. Please refer to my last post here on 8020 in regards to our policy on discussing production rates. I will reiterate that we release all disclosure in the appropriate way and time frame. I appreciate the recommendations you have made and we will take them into account. We have been very proactive over the past year regarding the operations of the Company (releasing on average approx. 1 press release per week) and we will continue to keep our shareholders and the public informed as we move forward. I'm not quite sure what Canadian operations you are referring too. We sold our entire interest in the electricity generation project recently and used the proceeds to pay down debt. The only remaining operations we have in Canada are non-operated working and net profit interests in a few wells. Our focus is in Texas where will will continue to expand operations at the Wooden Horse (Kuhn wells), Nash Creek, Cottonwood Creek plays as well as developing new partnerships such as the one we recently announced with HugoCellR Ltd. where we can add cash flow and reserves at no cost to the Company. I assure you that we are moving forward on all front in Texas as rapidly as possible. I am confident that we will see the benefits of this strategy in the coming months and years. I'm not sure that I answered all of your concerns or questions. Please let me know if there is anything else I can help you with. Thank you, Mike Rice CFO
keyboard_arrow_downShow Post

!

Ford Victoria posted an update inEMERALD BAY ENERGY INC

Hello Since the last quarter results EBY share price is taking a beating mostly because the numbers are still far from braking even and it looks We might even touch .015 again selling pressure is strong. While we get PR from time to time when a well start production and what are they producing at the time there is no way to know for us share holders the average production nor even how many wells are producing even on a quarterly bases, there is nothing in the quarter results that says this well produced 1000 BB a quarter and the average was 11 BB a day, one PR that would be really appreciated is one informing how many wells in total are producing and what is the current production or daily or monthly or per quarter any will bring some light to investors (update in the website a good way to do it). Other big issue is the Canadian properties is the company trying to do anything with it?, I see it is a big drag in the financials from them, now that EBY has plenty of properties in Texas where is cheaper to produce and the product more valuable on the market why don't the company try to sell, lease, or find a partner to develop them, EBY will have no money for it in the foreseeable future. Any info, really appreciated.

!
Thumb no photo

Ford Victoria posted an update inEMERALD BAY ENERGY INC

14 days

Hello Since the last quarter results EBY share price is taking a beating mostly because the numbers are still far from braking even and it looks We might even touch .015 again selling pressure is strong. While we get PR from time to time when a well start production and what are they producing at the time there is no way to know for us share holders the average production nor even how many wells are producing even on a quarterly bases, there is nothing in the quarter results that says this well produced 1000 BB a quarter and the average was 11 BB a day, one PR that would be really appreciated is one informing how many wells in total are producing and what is the current production or daily or monthly or per quarter any will bring some light to investors (update in the website a good way to do it). Other big issue is the Canadian properties is the company trying to do anything with it?, I see it is a big drag in the financials from them, now that EBY has plenty of properties in Texas where is cheaper to produce and the product more valuable on the market why don't the company try to sell, lease, or find a partner to develop them, EBY will have no money for it in the foreseeable future. Any info, really appreciated.

!
Thumb 28276732 10156683846614367 7855619663711112054 n

mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

19 days

Hi Mike, Thanks you for your fast answer. It's more than appreciated. I believe EBY is great so patience is the Key.

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice commented on mathieu_leblanc06  update inEMERALD BAY ENERGY INC

19 days

Hello Mathieu, thank you for your questions. Let me clarify things for you. Emerald Bay does not own any rigs. PRI owns 2 service rigs that Emerald Bay can use as Emerald Bay now owns 75% of PRI. This is very advantageous to Emerald Bay and one of the main reasons we increased our interest in PRI last year. PRI also has other service equipment including backhoes, water trucks, plugging units, etc. that Emerald Bay also can use now. HugoCellR does not own any rigs. Drilling plans for future wells at Wooden Horse, including wells on the Kuhn lease, will be released publicly when we have firm dates as always. Any plans with partners such as HugoCellR Ltd. are being done in parallel to our plans at Wooden Horse. We do not discuss production rates outside of our public dissemination. Let me just say that actual production numbers can lag behind testing data by several months for many reasons, so the impact of new wells are usually measured in subsequent quarters from when they first begin production testing. Thanks, Mike Rice CFO
keyboard_arrow_downShow Post

!

mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

Hi Mike I got several question for you. Question #1 In end of April, the company close a private placement that show the drilling plan for the Kuhn 6. We now at the end of summer, what happen with the plan for Kuhn 6? Can you put an approximative date. Did the Hugo CellR parthnership Bypass the currently drilling plan with Kuhn 6. Question #2 How many rig the company have ? My research show that EBY have 1 rig, and on other one is available from PRI. Correct me im wrong but a third rig is now available from HugoCellR.. The last news release indicated that EBY secured a rig to consecutively drill two new wells on the F. Poenitz lease this September with Hugo. What is this the correct number of rig. Question #3 Is it possible to you to put production rate in a montly basic? I think its could drive trust in all investor right now. I will give you an exemple. In 21 mars news release show that the Kuhn 3 and 4 produce 700 barreles of oil per week without the acid stimulation. How is possible that the quaterly financial information show in date of 31 mars, the average sale is 37 BBLs/d, and this number go to 42 BBLs/d , one quater later in date of 30 June. Hope thoses questions could bring back confident from investor. Thanks

!
Thumb 28276732 10156683846614367 7855619663711112054 n

mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

19 days

Hi Mike I got several question for you. Question #1 In end of April, the company close a private placement that show the drilling plan for the Kuhn 6. We now at the end of summer, what happen with the plan for Kuhn 6? Can you put an approximative date. Did the Hugo CellR parthnership Bypass the currently drilling plan with Kuhn 6. Question #2 How many rig the company have ? My research show that EBY have 1 rig, and on other one is available from PRI. Correct me im wrong but a third rig is now available from HugoCellR.. The last news release indicated that EBY secured a rig to consecutively drill two new wells on the F. Poenitz lease this September with Hugo. What is this the correct number of rig. Question #3 Is it possible to you to put production rate in a montly basic? I think its could drive trust in all investor right now. I will give you an exemple. In 21 mars news release show that the Kuhn 3 and 4 produce 700 barreles of oil per week without the acid stimulation. How is possible that the quaterly financial information show in date of 31 mars, the average sale is 37 BBLs/d, and this number go to 42 BBLs/d , one quater later in date of 30 June. Hope thoses questions could bring back confident from investor. Thanks

!
Thumb no photo

patfest commented on patfest  update inEMERALD BAY ENERGY INC

27 days

Thanks Mike. I am pursuing other lines of enquiry to figure this out. I understand your position, but would love to hear your thoughts and opinions, though.
keyboard_arrow_downShow Post

!
Thumb no photo

patfest

27 days

patfest posted an update inEMERALD BAY ENERGY INC

Hello Mike. I've got a question I'm not sure you can answer, but here goes. You've been putting out great news, the share price responds accordingly, and then, TD Securities or TD clients will often cross-trade it down a half cent and kill the momentum and the gains. Yesterday, for example, TD7 traded the EBY share price down to .02 cents. Yet it seems no one but TD7 can buy shares at .02 cents. Is this stock being manipulated? Is this a question for securities regulators perhaps?

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice commented on patfest  update inEMERALD BAY ENERGY INC

27 days

Hello Pat. These are questions that are impossible for me to answer. While I have my own thoughts/opinion it would be best for you to direct these type of questions to your broker or directly to the TSX. Thanks, Mike Rice CFO
keyboard_arrow_downShow Post

!
Thumb no photo

patfest

27 days

patfest posted an update inEMERALD BAY ENERGY INC

Hello Mike. I've got a question I'm not sure you can answer, but here goes. You've been putting out great news, the share price responds accordingly, and then, TD Securities or TD clients will often cross-trade it down a half cent and kill the momentum and the gains. Yesterday, for example, TD7 traded the EBY share price down to .02 cents. Yet it seems no one but TD7 can buy shares at .02 cents. Is this stock being manipulated? Is this a question for securities regulators perhaps?

!
Thumb no photo

patfest posted an update inEMERALD BAY ENERGY INC

27 days

Hello Mike. I've got a question I'm not sure you can answer, but here goes. You've been putting out great news, the share price responds accordingly, and then, TD Securities or TD clients will often cross-trade it down a half cent and kill the momentum and the gains. Yesterday, for example, TD7 traded the EBY share price down to .02 cents. Yet it seems no one but TD7 can buy shares at .02 cents. Is this stock being manipulated? Is this a question for securities regulators perhaps?

!

EMERALD BAY ENERGY INC

lockPrivate Group

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...

people146 Members       (0)

Corporate Profile
Group Admins:
  • Thumb 8020 monitor 200 200  png
  • Thumb 10389189 1001055793243166 6457888455133848488 n
  • Thumb 9a7a91bf57c9f82461b53238e00c1664 bpfull
Group Mods:
  • Thumb 8020 media relations
Request Membership


EMERALD BAY ENERGY INC

lockPrivateGroup

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

people146 Members       (0)

Thumb 8020 monitor 200 200  png

8020 Admin

4 hours

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

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the Floyd 1 and Floyd 2 wells have been successfully drilled and cased on the F. Poenitz lease in Guadalupe County, Texas.  The tank battery and flow lines are now being put in place in preparation for fracture stimulating and producing the wells.  It is anticipated that both wells will be on production in early October and the Company will provide further information as it becomes available.

 

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non-operated oil and natural gas interests in Central Alberta, Canada.  EBY is the operating partner of the Wooden Horse, Nash Creek, and Cottonwood Creek Projects in Guadelupe County, Texas, where the Company currently now owns a 50.00% working interest in those projects. Additionally, the Company owns various working interests in the MarPat and HugoCellR partnerships.  The Company also owns 75% of Production Resources Inc., a South Texas oil company.

 

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

 

For further information, please contact:

 

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

Email: info@ebyinc.com

www.ebyinc.com

 

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

 

Forward-Looking Statements

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

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



To view the original release, please click here


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

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice commented on corystinchcombe  update inEMERALD BAY ENERGY INC

5 hours

Hello Cory. The well responded as we hoped to the acid stimulation as we were able to free flow the well into the frac tank at a significantly increased rate than prior to the acid job. We had to shift our efforts a little to the HugoCellR partnership and the two Floyd wells over the past few weeks, but rest assured the plan to install an ESP on Kuhn 3 is underway and the well will be pumping again in the near future. Thanks, Mike
keyboard_arrow_downShow Post

!

corystinchcombe posted an update inEMERALD BAY ENERGY INC

Hello Mike... I think people are still wondering what ended up happening with Kuhn 3. Are you able to give us an update on that?

!
Thumb no photo

corystinchcombe posted an update inEMERALD BAY ENERGY INC

3 days

Hello Mike... I think people are still wondering what ended up happening with Kuhn 3. Are you able to give us an update on that?

!
Thumb no photo

Ford Victoria commented on Ford Victoria  update inEMERALD BAY ENERGY INC

5 days

Excellent Mike, I am happy to see you guys are all busy and rolling, so 3 rigs busy and more wells on their way. Good Job
keyboard_arrow_downShow Post

!

Ford Victoria posted an update inEMERALD BAY ENERGY INC

Hello Mike I have more questions about the last NR, sorry to keep you busy, In the NR it says (in partnership with HugoCellR Ltd. (“Hugo”), has leased the mineral rights to approximately 300 acres in Guadalupe County, Texas. ) Does this mean EBY and HugocellR are both 50% owners of the mineral rights?, Or is a partnership just like the last one, EBY owns the mineral rights and HugocellR will drill the property and EBY will get 25% cut. HugocellR will lease, rent his own equipment to do all this work or PRI equipment will be used and the expense paid by HugocellR. Could you please share what the 2 PRI rigs are doing at the moment, last news about one of them is from the beginning of August when it was moved to acid stimulation and swab testing of Kuhn 3 which we do not know if work finished there and what the other one might be doing. Thank you in advance for any info. FV

!

8020 Admin posted a press release Emerald Bay Energy Begins Drilling Floyd 1 Well in South Texas in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that drilling operations have commenced on the Floyd 1 well at the recently acquired F. Poenitz lease in Guadalupe County, Texas.   The Floyd 1 and Floyd 2 wells are being drilled in partnership with HugoCellR Ltd. (“Hugo”), whereby Hugo will pay 100% of the costs to earn a 75% Working Interest in the wells.  As the operating partner, Emerald Bay earns a 25% interest in the wells at no cost to the Company.  Once the Floyd 1 well is drilled to the base of the Navarro formation, casing will be set in the well and the rig will immediately move to drill the Floyd 2 well.  When drilling operations are completed the wells will be prepared to be fracture stimulated.   It is anticipated that both wells will be on production in early October and the Company will provide additional information as it becomes available.

 

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non-operated oil and natural gas interests in Central Alberta, Canada.  EBY is the operating partner of the Wooden Horse, Nash Creek, and Cottonwood Creek Projects in Guadelupe County, Texas, where the Company currently now owns a 50.00% working interest in those projects. Additionally, the Company owns various working interests in the MarPat and HugoCellR partnerships.  The Company also owns 75% of Production Resources Inc., a South Texas oil company. 

 

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com.

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

 

Forward-Looking Statements

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

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


To view the original release, please click here

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

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice commented on Ford Victoria  update inEMERALD BAY ENERGY INC

5 days

Hello Ford. Sorry for the delayed reply, I usually try to get to questions more quickly, but have been busy getting the Floyd wells underway. Details of the ownership interests of the Bauer lease and the wildcat/first well are still TBD, so I don't have any further information to provide on that at this point. One of the PRI rigs is currently at Wooden Horse working on our operations there, and the other well is in Taylor Ina working on PRI wells. Thanks, Mike
keyboard_arrow_downShow Post

!

Ford Victoria posted an update inEMERALD BAY ENERGY INC

Hello Mike I have more questions about the last NR, sorry to keep you busy, In the NR it says (in partnership with HugoCellR Ltd. (“Hugo”), has leased the mineral rights to approximately 300 acres in Guadalupe County, Texas. ) Does this mean EBY and HugocellR are both 50% owners of the mineral rights?, Or is a partnership just like the last one, EBY owns the mineral rights and HugocellR will drill the property and EBY will get 25% cut. HugocellR will lease, rent his own equipment to do all this work or PRI equipment will be used and the expense paid by HugocellR. Could you please share what the 2 PRI rigs are doing at the moment, last news about one of them is from the beginning of August when it was moved to acid stimulation and swab testing of Kuhn 3 which we do not know if work finished there and what the other one might be doing. Thank you in advance for any info. FV

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice posted an update inEMERALD BAY ENERGY INC

5 days

Hello everyone. It has been a very busy week so far down here in Texas. Here's a picture I took just before we spudded Floyd 1 on our new lease an hour ago. Very exciting to get our first project underway with Hugo. Mike Rice CFO

Thumb floyd 1

!
Thumb no photo

Ford Victoria commented on Ford Victoria  update inEMERALD BAY ENERGY INC

7 days

By the way great Job getting the property if it holds oil will be a great asset for EBY because is huge, 1.2 square KM can host many wells.
keyboard_arrow_downShow Post

!

Ford Victoria posted an update inEMERALD BAY ENERGY INC

Hello Mike I have more questions about the last NR, sorry to keep you busy, In the NR it says (in partnership with HugoCellR Ltd. (“Hugo”), has leased the mineral rights to approximately 300 acres in Guadalupe County, Texas. ) Does this mean EBY and HugocellR are both 50% owners of the mineral rights?, Or is a partnership just like the last one, EBY owns the mineral rights and HugocellR will drill the property and EBY will get 25% cut. HugocellR will lease, rent his own equipment to do all this work or PRI equipment will be used and the expense paid by HugocellR. Could you please share what the 2 PRI rigs are doing at the moment, last news about one of them is from the beginning of August when it was moved to acid stimulation and swab testing of Kuhn 3 which we do not know if work finished there and what the other one might be doing. Thank you in advance for any info. FV

!
Thumb no photo

Ford Victoria posted an update inEMERALD BAY ENERGY INC

7 days

Hello Mike I have more questions about the last NR, sorry to keep you busy, In the NR it says (in partnership with HugoCellR Ltd. (“Hugo”), has leased the mineral rights to approximately 300 acres in Guadalupe County, Texas. ) Does this mean EBY and HugocellR are both 50% owners of the mineral rights?, Or is a partnership just like the last one, EBY owns the mineral rights and HugocellR will drill the property and EBY will get 25% cut. HugocellR will lease, rent his own equipment to do all this work or PRI equipment will be used and the expense paid by HugocellR. Could you please share what the 2 PRI rigs are doing at the moment, last news about one of them is from the beginning of August when it was moved to acid stimulation and swab testing of Kuhn 3 which we do not know if work finished there and what the other one might be doing. Thank you in advance for any info. FV

!
Thumb 8020 monitor 200 200  png

8020 Admin

10 days

8020 Admin posted a press release Emerald Bay Energy Acquires 300 Acres to Drill Wildcat Well in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the Company, in partnership with HugoCellR Ltd. (“Hugo”),  has leased the mineral rights to approximately 300 acres in Guadalupe County, Texas.  The Bauer prospect has been in development by the Company for over nine months with potential hydrocarbon bearing zones from the Navarro formation at approximately 1000 feet deep to the Sligo formation at over 4000 feet deep.  The Company is now in the planning stages to drill a wildcat test well on the Bauer prospect to target all formations including the Pecan Gap, Edwards, Eagle Ford, and Austin Chalk. 

Commented Shelby D. Beattie, President and CEO, “We are very excited about the size and scope of the Bauer prospect.  We have been developing the prospect for many months and now that we have acquired the mineral lease we can move ahead with planning the first wildcat test well which will be the deepest well we have drilled to date in Texas.  We are also very pleased with the ongoing partnership with HugoCellR Ltd.  This is the second project we have begun with Hugo in the past 30 days as continually look to expand our prospect base in Texas.”

 

About Emerald Bay

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

 

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com.

 

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

 

Forward-Looking Statements

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

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


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

!
Thumb no photo

Ford Victoria posted an update inEMERALD BAY ENERGY INC

14 days

Thanks Mike, That should be it, I hope next numbers will be better, Me as investor seems I have a long wait ahead of me but let's hope EBY comes to be a great company. Have a great day.

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice commented on Ford Victoria  update inEMERALD BAY ENERGY INC

14 days

Hello Ford. I think you may be missing the fact that as a Canadian Company, with offices, legal, accounting, audit, listing fees, etc. all being generated on the Canadian side you will see the discrepancy you are looking at. Rest assured, what Canadian assets we have are not a drain/drag on the Company. Hope this helps. Have a great day. Thanks, Mike Rice
keyboard_arrow_downShow Post

!

Ford Victoria posted an update inEMERALD BAY ENERGY INC

Thank you for your prompt answer, as Canadian operation I was referring to the info in page 20 incise 18. nd natural gas. Product segmentation is as follows: Revenue Oil Natural Gas NGL’s Total June 30, 2018 ($) 585,892 11,603 7,871 605,366 June 30, 2017 ($) ‐ 4,428 43 4,471 Geographical segmentation is as follows: Three months ended June 30, 2018 ($) Canada United States Total Petroleum and natural gas sales 20,924 284,445 305,369 Depletion, depreciation and impairment ‐ 27,339 27,339 Net loss 264,158 123,324 387,482 Property and equipment 35,677 6,569,939 6,605,616 Exploration and evaluation assets ‐ 3,071,938 3,071,938 Investment in Partnership ‐ ‐ ‐ Total liabilities 9,747,483 8,328,304 18,075,787 Sorry it does not show in the proper format when I try to paste. basically it shows that we have more net loss from Canada than the US, maybe you could bring some light to that. You guys are doing a great job with the PR, no complains about that, still I am sure there will be a way to bring some light to production numbers since I am not the only one and I appreciated you take my suggestions into consideration. Yes it is normal policy for companies not to discus or speculate about the share price but is also understood that at the end is what is important to investors and the health of the company itself saying that I think EBY should grow as a producing company in the coming months and also the share price with it. I am hopping we will get more good news any time now since we passed the average time lapse for news, hahaha lets bring a bit of humor. Thank you again.

!
Thumb no photo

Ford Victoria posted an update inEMERALD BAY ENERGY INC

14 days

Thank you for your prompt answer, as Canadian operation I was referring to the info in page 20 incise 18. nd natural gas. Product segmentation is as follows: Revenue Oil Natural Gas NGL’s Total June 30, 2018 ($) 585,892 11,603 7,871 605,366 June 30, 2017 ($) ‐ 4,428 43 4,471 Geographical segmentation is as follows: Three months ended June 30, 2018 ($) Canada United States Total Petroleum and natural gas sales 20,924 284,445 305,369 Depletion, depreciation and impairment ‐ 27,339 27,339 Net loss 264,158 123,324 387,482 Property and equipment 35,677 6,569,939 6,605,616 Exploration and evaluation assets ‐ 3,071,938 3,071,938 Investment in Partnership ‐ ‐ ‐ Total liabilities 9,747,483 8,328,304 18,075,787 Sorry it does not show in the proper format when I try to paste. basically it shows that we have more net loss from Canada than the US, maybe you could bring some light to that. You guys are doing a great job with the PR, no complains about that, still I am sure there will be a way to bring some light to production numbers since I am not the only one and I appreciated you take my suggestions into consideration. Yes it is normal policy for companies not to discus or speculate about the share price but is also understood that at the end is what is important to investors and the health of the company itself saying that I think EBY should grow as a producing company in the coming months and also the share price with it. I am hopping we will get more good news any time now since we passed the average time lapse for news, hahaha lets bring a bit of humor. Thank you again.

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice commented on Ford Victoria  update inEMERALD BAY ENERGY INC

14 days

Hello Ford. Thank you for your comments. I just saw them and thought I would get back to you right away as I have a few minutes this morning. I hope you can appreciate that we do not engage in discussions about "selling pressure" or any speculation in regards to the share price. Please refer to my last post here on 8020 in regards to our policy on discussing production rates. I will reiterate that we release all disclosure in the appropriate way and time frame. I appreciate the recommendations you have made and we will take them into account. We have been very proactive over the past year regarding the operations of the Company (releasing on average approx. 1 press release per week) and we will continue to keep our shareholders and the public informed as we move forward. I'm not quite sure what Canadian operations you are referring too. We sold our entire interest in the electricity generation project recently and used the proceeds to pay down debt. The only remaining operations we have in Canada are non-operated working and net profit interests in a few wells. Our focus is in Texas where will will continue to expand operations at the Wooden Horse (Kuhn wells), Nash Creek, Cottonwood Creek plays as well as developing new partnerships such as the one we recently announced with HugoCellR Ltd. where we can add cash flow and reserves at no cost to the Company. I assure you that we are moving forward on all front in Texas as rapidly as possible. I am confident that we will see the benefits of this strategy in the coming months and years. I'm not sure that I answered all of your concerns or questions. Please let me know if there is anything else I can help you with. Thank you, Mike Rice CFO
keyboard_arrow_downShow Post

!

Ford Victoria posted an update inEMERALD BAY ENERGY INC

Hello Since the last quarter results EBY share price is taking a beating mostly because the numbers are still far from braking even and it looks We might even touch .015 again selling pressure is strong. While we get PR from time to time when a well start production and what are they producing at the time there is no way to know for us share holders the average production nor even how many wells are producing even on a quarterly bases, there is nothing in the quarter results that says this well produced 1000 BB a quarter and the average was 11 BB a day, one PR that would be really appreciated is one informing how many wells in total are producing and what is the current production or daily or monthly or per quarter any will bring some light to investors (update in the website a good way to do it). Other big issue is the Canadian properties is the company trying to do anything with it?, I see it is a big drag in the financials from them, now that EBY has plenty of properties in Texas where is cheaper to produce and the product more valuable on the market why don't the company try to sell, lease, or find a partner to develop them, EBY will have no money for it in the foreseeable future. Any info, really appreciated.

!
Thumb no photo

Ford Victoria posted an update inEMERALD BAY ENERGY INC

14 days

Hello Since the last quarter results EBY share price is taking a beating mostly because the numbers are still far from braking even and it looks We might even touch .015 again selling pressure is strong. While we get PR from time to time when a well start production and what are they producing at the time there is no way to know for us share holders the average production nor even how many wells are producing even on a quarterly bases, there is nothing in the quarter results that says this well produced 1000 BB a quarter and the average was 11 BB a day, one PR that would be really appreciated is one informing how many wells in total are producing and what is the current production or daily or monthly or per quarter any will bring some light to investors (update in the website a good way to do it). Other big issue is the Canadian properties is the company trying to do anything with it?, I see it is a big drag in the financials from them, now that EBY has plenty of properties in Texas where is cheaper to produce and the product more valuable on the market why don't the company try to sell, lease, or find a partner to develop them, EBY will have no money for it in the foreseeable future. Any info, really appreciated.

!
Thumb 28276732 10156683846614367 7855619663711112054 n

mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

19 days

Hi Mike, Thanks you for your fast answer. It's more than appreciated. I believe EBY is great so patience is the Key.

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice commented on mathieu_leblanc06  update inEMERALD BAY ENERGY INC

19 days

Hello Mathieu, thank you for your questions. Let me clarify things for you. Emerald Bay does not own any rigs. PRI owns 2 service rigs that Emerald Bay can use as Emerald Bay now owns 75% of PRI. This is very advantageous to Emerald Bay and one of the main reasons we increased our interest in PRI last year. PRI also has other service equipment including backhoes, water trucks, plugging units, etc. that Emerald Bay also can use now. HugoCellR does not own any rigs. Drilling plans for future wells at Wooden Horse, including wells on the Kuhn lease, will be released publicly when we have firm dates as always. Any plans with partners such as HugoCellR Ltd. are being done in parallel to our plans at Wooden Horse. We do not discuss production rates outside of our public dissemination. Let me just say that actual production numbers can lag behind testing data by several months for many reasons, so the impact of new wells are usually measured in subsequent quarters from when they first begin production testing. Thanks, Mike Rice CFO
keyboard_arrow_downShow Post

!

mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

Hi Mike I got several question for you. Question #1 In end of April, the company close a private placement that show the drilling plan for the Kuhn 6. We now at the end of summer, what happen with the plan for Kuhn 6? Can you put an approximative date. Did the Hugo CellR parthnership Bypass the currently drilling plan with Kuhn 6. Question #2 How many rig the company have ? My research show that EBY have 1 rig, and on other one is available from PRI. Correct me im wrong but a third rig is now available from HugoCellR.. The last news release indicated that EBY secured a rig to consecutively drill two new wells on the F. Poenitz lease this September with Hugo. What is this the correct number of rig. Question #3 Is it possible to you to put production rate in a montly basic? I think its could drive trust in all investor right now. I will give you an exemple. In 21 mars news release show that the Kuhn 3 and 4 produce 700 barreles of oil per week without the acid stimulation. How is possible that the quaterly financial information show in date of 31 mars, the average sale is 37 BBLs/d, and this number go to 42 BBLs/d , one quater later in date of 30 June. Hope thoses questions could bring back confident from investor. Thanks

!
Thumb 28276732 10156683846614367 7855619663711112054 n

mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

19 days

Hi Mike I got several question for you. Question #1 In end of April, the company close a private placement that show the drilling plan for the Kuhn 6. We now at the end of summer, what happen with the plan for Kuhn 6? Can you put an approximative date. Did the Hugo CellR parthnership Bypass the currently drilling plan with Kuhn 6. Question #2 How many rig the company have ? My research show that EBY have 1 rig, and on other one is available from PRI. Correct me im wrong but a third rig is now available from HugoCellR.. The last news release indicated that EBY secured a rig to consecutively drill two new wells on the F. Poenitz lease this September with Hugo. What is this the correct number of rig. Question #3 Is it possible to you to put production rate in a montly basic? I think its could drive trust in all investor right now. I will give you an exemple. In 21 mars news release show that the Kuhn 3 and 4 produce 700 barreles of oil per week without the acid stimulation. How is possible that the quaterly financial information show in date of 31 mars, the average sale is 37 BBLs/d, and this number go to 42 BBLs/d , one quater later in date of 30 June. Hope thoses questions could bring back confident from investor. Thanks

!
Thumb no photo

patfest commented on patfest  update inEMERALD BAY ENERGY INC

27 days

Thanks Mike. I am pursuing other lines of enquiry to figure this out. I understand your position, but would love to hear your thoughts and opinions, though.
keyboard_arrow_downShow Post

!
Thumb no photo

patfest

27 days

patfest posted an update inEMERALD BAY ENERGY INC

Hello Mike. I've got a question I'm not sure you can answer, but here goes. You've been putting out great news, the share price responds accordingly, and then, TD Securities or TD clients will often cross-trade it down a half cent and kill the momentum and the gains. Yesterday, for example, TD7 traded the EBY share price down to .02 cents. Yet it seems no one but TD7 can buy shares at .02 cents. Is this stock being manipulated? Is this a question for securities regulators perhaps?

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice commented on patfest  update inEMERALD BAY ENERGY INC

27 days

Hello Pat. These are questions that are impossible for me to answer. While I have my own thoughts/opinion it would be best for you to direct these type of questions to your broker or directly to the TSX. Thanks, Mike Rice CFO
keyboard_arrow_downShow Post

!
Thumb no photo

patfest

27 days

patfest posted an update inEMERALD BAY ENERGY INC

Hello Mike. I've got a question I'm not sure you can answer, but here goes. You've been putting out great news, the share price responds accordingly, and then, TD Securities or TD clients will often cross-trade it down a half cent and kill the momentum and the gains. Yesterday, for example, TD7 traded the EBY share price down to .02 cents. Yet it seems no one but TD7 can buy shares at .02 cents. Is this stock being manipulated? Is this a question for securities regulators perhaps?

!
Thumb no photo

patfest posted an update inEMERALD BAY ENERGY INC

27 days

Hello Mike. I've got a question I'm not sure you can answer, but here goes. You've been putting out great news, the share price responds accordingly, and then, TD Securities or TD clients will often cross-trade it down a half cent and kill the momentum and the gains. Yesterday, for example, TD7 traded the EBY share price down to .02 cents. Yet it seems no one but TD7 can buy shares at .02 cents. Is this stock being manipulated? Is this a question for securities regulators perhaps?

!