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...

people120 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......

people120 Members        (0)

Thumb no photo

Louis Paul posted an update in EMERALD BAY ENERGY INC

5 days

Good morning Mike. I understand that I will not get an answer for the production of Kuhn 4 and that the company will provide the information as it becomes available. It's good for me. Now, what can you tell us about the work that needs to be done to put Kuhn 1H back into service? Are the works started? Thank you and have a nice day. We look forward to the results of Kuhn A5 ... and Kunh 4 ... and Kuhn 1H ... It will be an exciting summer !!!

!

Thank you Mike, I understand production is sensitive and changing all the time, for future updates if we can get how many PRI wells are in production would be appreciated, That info is not public but I am happy I know every month that pass by you guys are bringing more on line.
keyboard_arrow_downShow Post

!

Fernando Guerrero Gomez posted an update inEMERALD BAY ENERGY INC

Hello Mike You guys are doing a great job expanding wells and resources, I am looking to know if you can disclose info about sales, I know the first sale of 700 BB was disclosed some moths ago but after that we are in the dark is just to have an idea of how we are doing also is confusing to get to now how much production are we at specially because we have no production numbers from PRI nor how many wells from them are producing. If you could give an update towards those 2 points, Sales and production would be really appreciated.

!

Fernando and Christian, With new wells it is very difficult to pick a moment in time for production disclosure. We do our best to keep the public informed during the testing process as it may be material. As time goes on, you will see actual production numbers in our quarterly and annual disclosure. Please look to that in the future and we will do our best to keep you informed with each new well at the appropriate times. Thanks, Mike Rice CFO
keyboard_arrow_downShow Post

!

Fernando Guerrero Gomez posted an update inEMERALD BAY ENERGY INC

Hello Mike You guys are doing a great job expanding wells and resources, I am looking to know if you can disclose info about sales, I know the first sale of 700 BB was disclosed some moths ago but after that we are in the dark is just to have an idea of how we are doing also is confusing to get to now how much production are we at specially because we have no production numbers from PRI nor how many wells from them are producing. If you could give an update towards those 2 points, Sales and production would be really appreciated.

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice posted an update in EMERALD BAY ENERGY INC

7 days

Our PRI rig is set up and perforators are on location. We are going to perforate the Buda formation today and swab for the rest of the day. We will then determine how much acid we may need to stimulate. Exciting times.

Thumb image1

https://youtu.be/duToyzpZqos

!
Thumb 8020 monitor 200 200  png

8020 Admin

10 days

8020 Admin posted a press release Emerald Bay Energy Mobilizes PRI Rig to Kuhn A5 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 has mobilized one of the two service rigs owned by Production Resources Inc. (PRI) to be on location at Kuhn A5 tomorrow to begin completion operations.  The company has arranged to perforate and acidize a 5 foot interval in the Buda formation, and the rig will swab for several days to test the inflow rates and oil cut. Further information about testing results will be forthcoming when available.

Commented Shelby D. Beattie, President and CEO, “It is a very busy time in South Texas right now, and it can easily take up to 10 weeks to secure a service rig for a this type of operation.  We are very fortunate to have access to the two PRI service rigs that we now own, as this really gives us an advantage over our competition in the area.”

About Emerald Bay

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

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

For further information, please contact:

 

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

Email: info@ebyinc.com

www.ebyinc.com

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

Forward-Looking Statements

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

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

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

!

It's a very interesting question, there is some press releases speaking about the number of barrels per day according to your drillings operation but you don't provide any information about the number of well that are currently in production and their production average per days ? Could you summarize your current production with the detail below ?
keyboard_arrow_downShow Post

!

Fernando Guerrero Gomez posted an update inEMERALD BAY ENERGY INC

Hello Mike You guys are doing a great job expanding wells and resources, I am looking to know if you can disclose info about sales, I know the first sale of 700 BB was disclosed some moths ago but after that we are in the dark is just to have an idea of how we are doing also is confusing to get to now how much production are we at specially because we have no production numbers from PRI nor how many wells from them are producing. If you could give an update towards those 2 points, Sales and production would be really appreciated.

!

Hello Mike You guys are doing a great job expanding wells and resources, I am looking to know if you can disclose info about sales, I know the first sale of 700 BB was disclosed some moths ago but after that we are in the dark is just to have an idea of how we are doing also is confusing to get to now how much production are we at specially because we have no production numbers from PRI nor how many wells from them are producing. If you could give an update towards those 2 points, Sales and production would be really appreciated.

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice posted an update in EMERALD BAY ENERGY INC

12 days

Good morning Emerald Bay shareholders and interested investors. I've had several comments and questions about the resolution to approve a possible share consolidation in our recently mailed out Information Circular. Consistent with our last few Information Circulars we have put this resolution in so that approval would be in place if necessary. As I stated at last years AGM, the Company has no plans now, or in the foreseeable future, to do a consolidation. If you have any further questions regarding this, please feel free to ask. Thanks, Mike Rice CFO

!
Thumb 10389189 1001055793243166 6457888455133848488 n

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

18 days

...

Good Morning Emerald Bay Investor Group. After meeting with our technical team to review the Kuhn A5 drilling results we were very excited to get the news out about our completion and testing plans for the well. It was a surprise to see the Buda in this well. Our geologist, Andy Alff is quite excited about the oil content in the Buda samples and he is also excited about how highly fractured the Buda samples are. Andy and our geophysicist, Phil Lakin, chose this location as an Austin Chalk target and the oil shows we saw during drilling were confirmed by the logs….exactly what we hoped for so far. There is the potential here for a well were we would commingle the two producing formations or we might drill an offset well to produce both formations independently if they are both very productive. As soon as testing begins we will provide further updates. Mike Rice CFO keyboard_arrow_downShow Post

!
Thumb 8020 monitor 200 200  png

8020 Admin

18 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

May 31, 2018

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the Company’s technical team has completed their evaluation of the recently drilled Kuhn A5 well.  During the review process, good oil content was identified in the Buda formation samples that were highly fractured. Additionally, the logs confirmed the significant oil shows in two intervals of the Austin Chalk formation that were observed during drilling operations.  The Company is now scheduling services to perforate and acidize a 5 foot interval of the Buda and test the well for three days to determine flow rates.  After testing the Buda, the Company will move up hole to test a 7 foot interval in the upper Austin Chalk formation for three days.  Once testing operations are completed, the Company will put facilities in place to begin production.  Further information about testing and initial production results will be forthcoming when available.

About Emerald Bay

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

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com

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

Forward-Looking Statements

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

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


To view the original release, please click here


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

!
Thumb 8020 monitor 200 200  png

8020 Admin

18 days

8020 Admin posted a press release Emerald Bay Energy to Test Buda and Austin Chalk Formations in Kuhn A5 Well in EMERALD BAY ENERGY INC

May 31, 2018

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the Company’s technical team has completed their evaluation of the recently drilled Kuhn A5 well.  During the review process, good oil content was identified in the Buda formation samples that were highly fractured. Additionally, the logs confirmed the significant oil shows in two intervals of the Austin Chalk formation that were observed during drilling operations.  The Company is now scheduling services to perforate and acidize a 5 foot interval of the Buda and test the well for three days to determine flow rates.  After testing the Buda, the Company will move up hole to test a 7 foot interval in the upper Austin Chalk formation for three days.  Once testing operations are completed, the Company will put facilities in place to begin production.  Further information about testing and initial production results will be forthcoming when available.

About Emerald Bay

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

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com

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

Forward-Looking Statements

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

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


To view the original release, please click here


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

!
Thumb no photo

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

19 days

Hi Mike and thank you for taking the time to come and talk to investors and shareholders. You mention the successful results at Kuhn 3 and Kuhn 4 and the pending results of Kunh A5. Unless I missed something, it seems to me that the results of Kuhn 4 are not yet disclosed. What can you tell us about the production result of Kuhn 4? Thank you and have a good day. Louis
keyboard_arrow_downShow Post

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice

19 days

Mike Rice posted an update inEMERALD BAY ENERGY INC

Good morning to all the EBY Group members, I thought that it would be beneficial to discuss the significance of the last two news releases over the past 3 trading sessions. 1.) The land acquisition of an additional 134 acres adjacent to the Kuhn lease could be very valuable to the Company as our technical staff believes this acreage to be on trend with the wells we have recently drilled. With the successful results to date at Kuhn 3 and Kuhn 4, and with results still pending at the recently drilled Kuhn A5 well, it made sense that we quickly acquire these adjacent lands for further exploration targets. 2.) The other recent news announcement, that our largest shareholder has agreed to convert his company’s loan to Emerald Bay to shares at a price premium to the market ($0.05/share), is a significant vote of confidence from Mr. Wagenaar in the Company’s ability to further the development of the Wooden Horse and PRI plays in Texas. This debt to equity conversion reduces the burden of repaying almost $1,000,000 thereby allowing us to use future production revenues to accelerate exploration and development plans in Texas, to the benefit of all shareholders. Should any of the group members have further questions of me, please feel to ask. Anything that I am able to answer, I will on a timely basis. Thank you all for your continued support Mike Rice, CFO

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice posted an update in EMERALD BAY ENERGY INC

19 days

Good morning to all the EBY Group members, I thought that it would be beneficial to discuss the significance of the last two news releases over the past 3 trading sessions. 1.) The land acquisition of an additional 134 acres adjacent to the Kuhn lease could be very valuable to the Company as our technical staff believes this acreage to be on trend with the wells we have recently drilled. With the successful results to date at Kuhn 3 and Kuhn 4, and with results still pending at the recently drilled Kuhn A5 well, it made sense that we quickly acquire these adjacent lands for further exploration targets. 2.) The other recent news announcement, that our largest shareholder has agreed to convert his company’s loan to Emerald Bay to shares at a price premium to the market ($0.05/share), is a significant vote of confidence from Mr. Wagenaar in the Company’s ability to further the development of the Wooden Horse and PRI plays in Texas. This debt to equity conversion reduces the burden of repaying almost $1,000,000 thereby allowing us to use future production revenues to accelerate exploration and development plans in Texas, to the benefit of all shareholders. Should any of the group members have further questions of me, please feel to ask. Anything that I am able to answer, I will on a timely basis. Thank you all for your continued support Mike Rice, CFO

!
Thumb peter kendall pic

Peter Kendall replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

20 days

...

This is great news that Mr. Wagenaar has converted his debt to the company at double the price of the stock... real vote of confidence in management's ability to forward the efforts in the Texas exploration and production play!keyboard_arrow_downShow Post

!
Thumb 8020 monitor 200 200  png

8020 Admin

20 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the "Corporation", the "Company" or "Emerald Bay") is pleased to announce that the Company has entered into an agreement to settle all amounts owing in connection with two separate loan/credit arrangements previously provided to the Corporation by Hillcrest Investments Ltd., a company controlled by Clarence Wagenaar (who currently controls, directly and indirectly, 11.93% of the outstanding common shares of the Corporation) via the issuance of an aggregate of 18,493,178 common shares of the Corporation at a price of $0.05 per share.  The aggregate debt amounts to be settled is equal to $924,658.90, being the aggregate balance of the principal amounts owing on the two separate loan/credit arrangements between the parties plus all applicable interest.  Upon closing of the shares for debt settlement, Mr. Wagenaar will control, directly and indirectly, an aggregate 51,574,198 common shares of the Corporation, or 18.6% of the outstanding common shares of the Corporation. 

Closing of the foregoing shares for debt transaction is subject to approval by the TSX Venture Exchange.  All of the foregoing common shares will, upon issuance, be subject to a statutory four-month hold period in accordance with applicable securities laws.

The settlement of the debt with Mr. Wagenaar’s company may be considered a "Related Party Transactions" under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, however the Corporation will rely upon available exemptions from the minority shareholder approval and valuation requirements set forth in that Instrument.


About Emerald Bay

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

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com.

!
Thumb 10389189 1001055793243166 6457888455133848488 n

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

20 days

...

This is very exciting news and a we are very appreciative of Clarence's vote of confidence shown by his willingness to convert the debt Emerald Bay owed to his company into shares at 5 cents. $924,658 is not an insignificant amount of money and will go a long way in our efforts as we continue to work at reducing the debt of the Company. Mike Rice CFOkeyboard_arrow_downShow Post

!
Thumb 8020 monitor 200 200  png

8020 Admin

20 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the "Corporation", the "Company" or "Emerald Bay") is pleased to announce that the Company has entered into an agreement to settle all amounts owing in connection with two separate loan/credit arrangements previously provided to the Corporation by Hillcrest Investments Ltd., a company controlled by Clarence Wagenaar (who currently controls, directly and indirectly, 11.93% of the outstanding common shares of the Corporation) via the issuance of an aggregate of 18,493,178 common shares of the Corporation at a price of $0.05 per share.  The aggregate debt amounts to be settled is equal to $924,658.90, being the aggregate balance of the principal amounts owing on the two separate loan/credit arrangements between the parties plus all applicable interest.  Upon closing of the shares for debt settlement, Mr. Wagenaar will control, directly and indirectly, an aggregate 51,574,198 common shares of the Corporation, or 18.6% of the outstanding common shares of the Corporation. 

Closing of the foregoing shares for debt transaction is subject to approval by the TSX Venture Exchange.  All of the foregoing common shares will, upon issuance, be subject to a statutory four-month hold period in accordance with applicable securities laws.

The settlement of the debt with Mr. Wagenaar’s company may be considered a "Related Party Transactions" under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, however the Corporation will rely upon available exemptions from the minority shareholder approval and valuation requirements set forth in that Instrument.


About Emerald Bay

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

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com.

!
Thumb 8020 monitor 200 200  png

8020 Admin

20 days

8020 Admin posted a press release Emerald Bay Energy to Settle $924,658.90 of Debt with Shares in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the "Corporation", the "Company" or "Emerald Bay") is pleased to announce that the Company has entered into an agreement to settle all amounts owing in connection with two separate loan/credit arrangements previously provided to the Corporation by Hillcrest Investments Ltd., a company controlled by Clarence Wagenaar (who currently controls, directly and indirectly, 11.93% of the outstanding common shares of the Corporation) via the issuance of an aggregate of 18,493,178 common shares of the Corporation at a price of $0.05 per share.  The aggregate debt amounts to be settled is equal to $924,658.90, being the aggregate balance of the principal amounts owing on the two separate loan/credit arrangements between the parties plus all applicable interest.  Upon closing of the shares for debt settlement, Mr. Wagenaar will control, directly and indirectly, an aggregate 51,574,198 common shares of the Corporation, or 18.6% of the outstanding common shares of the Corporation. 

Closing of the foregoing shares for debt transaction is subject to approval by the TSX Venture Exchange.  All of the foregoing common shares will, upon issuance, be subject to a statutory four-month hold period in accordance with applicable securities laws.

The settlement of the debt with Mr. Wagenaar’s company may be considered a "Related Party Transactions" under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, however the Corporation will rely upon available exemptions from the minority shareholder approval and valuation requirements set forth in that Instrument.


About Emerald Bay

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

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com.

!
Thumb 10389189 1001055793243166 6457888455133848488 n

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

24 days

...

This is really exciting news for the Company. We believe that this "in trend" acreage will provide multiple drilling opportunities for future growth as we expand the Wooden Horse play beyond the Kuhn acreage that is currently in development. Our team did a great job in getting this acreage. Mike Rice CFOkeyboard_arrow_downShow Post

!
Thumb 8020 monitor 200 200  png

8020 Admin

24 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the Company has leased the mineral rights to approximately 134 acres adjacent to the Kuhn lease at the Company’s Wooden Horse play in South Texas.

Shelby D. Beattie, President and CEO commented, “After our results over the past week in drilling the Kuhn A5 well, it became apparent to our technical team that this acreage was crucial in furthering our exploration plans at Wooden Horse.  We are very excited that we were able to acquire the lease in such a timely manner and our technical team will now move forward in prioritizing our next drilling locations.”

 

About Emerald Bay

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

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com.

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

Forward-Looking Statements

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

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


To view the original release, please click here


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

!
Thumb 8020 monitor 200 200  png

8020 Admin

24 days

8020 Admin posted a press release Emerald Bay Acquires Acreage off Setting Kuhn A5 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 has leased the mineral rights to approximately 134 acres adjacent to the Kuhn lease at the Company’s Wooden Horse play in South Texas.

Shelby D. Beattie, President and CEO commented, “After our results over the past week in drilling the Kuhn A5 well, it became apparent to our technical team that this acreage was crucial in furthering our exploration plans at Wooden Horse.  We are very excited that we were able to acquire the lease in such a timely manner and our technical team will now move forward in prioritizing our next drilling locations.”

 

About Emerald Bay

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

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com.

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

Forward-Looking Statements

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

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


To view the original release, please click here


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

!
Thumb b7c819c2f8949d2a4df7a13fade3f5a1 bpfull

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

26 days

...

Dear Samuel Jeff, 8020 Connect is an engagement platform for companies to speak directly with their shareholders and investors. It is not a platform to solicit investment from companies and or 8020 members. If you continue to solicit investment from any groups or members we will be forced to remove you from this site. However, if you are here to learn, and engage with our many public companies about them , their goods and services that the businesses service and supply, please continue. But solicitation of investment anyone on the site is prohibited. Thank you, D'Arcy Funfer President 8020 Connectkeyboard_arrow_downShow Post

!
Thumb 8020 monitor 200 200  png

8020 Admin

27 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

May 22, 2018

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the exploratory Kuhn A5 well has been successfully drilled and cased at the Company’s Wooden Horse play in Guadalupe County, Texas.

   

• Kuhn A5 reached total depth of 2351 ft in the Upper Edwards formation. 

• Target formation was the Austin Chalk.

• Mud log, formation samples, and an open-hole log suite confirmed the potential for    commercial production in the Austin Chalk and the Company set 5 1/2 inch casing and successfully cemented the casing to isolate the intervals of interest.

• Even with a heavy mud weight of 9.5, an excellent “show” of oil in the drilling mud was observed.

• Best oil “show” to date on our Wooden Horse acreage.

• Kuhn A5 is on a previously undrilled structure with the potential of virgin reservoir pressure without depletion.

• Our technical team will be evaluating drilling data this week to determine the best completion program to maximize production.

 

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil and natural gas interests in Central Alberta, Canada.  EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadalupe 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.


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 posted an update in EMERALD BAY ENERGY INC

26 days

We had a great week last week. Things went well drilling Kuhn A5 and we are really looking forward to seeing what this well will do. It was exciting to see such a good oil show when we drilled through the Austin Chalk formation.

Thumb image 6

!
Thumb download 20180116 104731

Samuel Jeff replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

26 days

...

Please I am looking forward to meet a serious investorkeyboard_arrow_downShow Post

!
Thumb 8020 monitor 200 200  png

8020 Admin

27 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

May 22, 2018

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the exploratory Kuhn A5 well has been successfully drilled and cased at the Company’s Wooden Horse play in Guadalupe County, Texas.

   

• Kuhn A5 reached total depth of 2351 ft in the Upper Edwards formation. 

• Target formation was the Austin Chalk.

• Mud log, formation samples, and an open-hole log suite confirmed the potential for    commercial production in the Austin Chalk and the Company set 5 1/2 inch casing and successfully cemented the casing to isolate the intervals of interest.

• Even with a heavy mud weight of 9.5, an excellent “show” of oil in the drilling mud was observed.

• Best oil “show” to date on our Wooden Horse acreage.

• Kuhn A5 is on a previously undrilled structure with the potential of virgin reservoir pressure without depletion.

• Our technical team will be evaluating drilling data this week to determine the best completion program to maximize production.

 

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil and natural gas interests in Central Alberta, Canada.  EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadalupe 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.


To view the original release, please click here


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

!
Thumb download 20180116 104731

Samuel Jeff commented on Mike Rice  update in EMERALD BAY ENERGY INC

26 days

Please I am looking forward to meet a serious investor
keyboard_arrow_downShow Post

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice

1 month

Mike Rice posted an update inEMERALD BAY ENERGY INC

Great to get the Kuhn A5 well spudded this morning. This well is being drilled on structure on the lands that has never been drilled on to date...very exciting. Drilling should be completed in 5 to 6 days and I will provide an update. Mike Rice CFO

Thumb fullsizerender

!
Thumb 8020 monitor 200 200  png

8020 Admin

27 days

8020 Admin posted a press release Emerald Bay Cases Kuhn A5 Well in EMERALD BAY ENERGY INC

May 22, 2018

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the exploratory Kuhn A5 well has been successfully drilled and cased at the Company’s Wooden Horse play in Guadalupe County, Texas.

   

• Kuhn A5 reached total depth of 2351 ft in the Upper Edwards formation. 

• Target formation was the Austin Chalk.

• Mud log, formation samples, and an open-hole log suite confirmed the potential for    commercial production in the Austin Chalk and the Company set 5 1/2 inch casing and successfully cemented the casing to isolate the intervals of interest.

• Even with a heavy mud weight of 9.5, an excellent “show” of oil in the drilling mud was observed.

• Best oil “show” to date on our Wooden Horse acreage.

• Kuhn A5 is on a previously undrilled structure with the potential of virgin reservoir pressure without depletion.

• Our technical team will be evaluating drilling data this week to determine the best completion program to maximize production.

 

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil and natural gas interests in Central Alberta, Canada.  EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadalupe 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.


To view the original release, please click here


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

!
Thumb 8020 monitor 200 200  png

8020 Admin

1 month

8020 Admin posted a press release Emerald Bay Energy Provides Update on Ihmoff 1 and Poenitz Wells, and PRI Operations 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 provide the following update on recent well optimization operations at the Imhoff and Poenitz leases, and at the Company’s subsidiary, Production Resources Inc (PRI).

The Imhoff 1 well workover commenced several weeks ago and the well has been flowing at a rate of approximately 80 bbls/day of total fluid.  We are now seeing a consistent oil cut and the Company is moving forward with the next phase of the workover by installing a larger pump.  The larger pump will increase flow rates to more than 110 bbls/day of total fluid with an anticipated 5-15% oil cut.  Prior to the workover the well had only an intermittent oil cut so we are pleased with the results of this operation to date.  Further information will be provided as it becomes available.

At the Poenitz lease the Company completed a reconfiguration of the tank battery last week and the Poenitz 1 well, which had been temporarily shut in, was brought back on line.  The well is now producing approximately 6 bbls/day of oil.

At PRI, the Company continues to move forward with an extensive workover program.  In the past four weeks, the Company has completed workovers of 12 wells and we plan to bring 10 more wells back on line in the next 2-3 weeks.  With more than 330 wells spread over two fields we will continue to bring more PRI wells back on line in the coming months.

Shelby D. Beattie, President and CEO of Emerald Bay commented, “With oil at a 4 year high we are making every effort to optimize production on all Emerald Bay and PRI wells.  Owning our own service rigs gives us a significant advantage in time and costs associated with optimizing our wells, including some wells that other company’s may deem as marginal producers or low priorities.”

 

About Emerald Bay

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

 

To stay informed on Emerald Bay Energy, please join our Investor Group at www.8020connect.com 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)

!

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...

people120 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......

people120 Members        (0)

Thumb no photo

Louis Paul posted an update in EMERALD BAY ENERGY INC

5 days

Good morning Mike. I understand that I will not get an answer for the production of Kuhn 4 and that the company will provide the information as it becomes available. It's good for me. Now, what can you tell us about the work that needs to be done to put Kuhn 1H back into service? Are the works started? Thank you and have a nice day. We look forward to the results of Kuhn A5 ... and Kunh 4 ... and Kuhn 1H ... It will be an exciting summer !!!

!

Thank you Mike, I understand production is sensitive and changing all the time, for future updates if we can get how many PRI wells are in production would be appreciated, That info is not public but I am happy I know every month that pass by you guys are bringing more on line.
keyboard_arrow_downShow Post

!

Fernando Guerrero Gomez posted an update inEMERALD BAY ENERGY INC

Hello Mike You guys are doing a great job expanding wells and resources, I am looking to know if you can disclose info about sales, I know the first sale of 700 BB was disclosed some moths ago but after that we are in the dark is just to have an idea of how we are doing also is confusing to get to now how much production are we at specially because we have no production numbers from PRI nor how many wells from them are producing. If you could give an update towards those 2 points, Sales and production would be really appreciated.

!

Fernando and Christian, With new wells it is very difficult to pick a moment in time for production disclosure. We do our best to keep the public informed during the testing process as it may be material. As time goes on, you will see actual production numbers in our quarterly and annual disclosure. Please look to that in the future and we will do our best to keep you informed with each new well at the appropriate times. Thanks, Mike Rice CFO
keyboard_arrow_downShow Post

!

Fernando Guerrero Gomez posted an update inEMERALD BAY ENERGY INC

Hello Mike You guys are doing a great job expanding wells and resources, I am looking to know if you can disclose info about sales, I know the first sale of 700 BB was disclosed some moths ago but after that we are in the dark is just to have an idea of how we are doing also is confusing to get to now how much production are we at specially because we have no production numbers from PRI nor how many wells from them are producing. If you could give an update towards those 2 points, Sales and production would be really appreciated.

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice posted an update in EMERALD BAY ENERGY INC

7 days

Our PRI rig is set up and perforators are on location. We are going to perforate the Buda formation today and swab for the rest of the day. We will then determine how much acid we may need to stimulate. Exciting times.

Thumb image1

https://youtu.be/duToyzpZqos

!
Thumb 8020 monitor 200 200  png

8020 Admin

10 days

8020 Admin posted a press release Emerald Bay Energy Mobilizes PRI Rig to Kuhn A5 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 has mobilized one of the two service rigs owned by Production Resources Inc. (PRI) to be on location at Kuhn A5 tomorrow to begin completion operations.  The company has arranged to perforate and acidize a 5 foot interval in the Buda formation, and the rig will swab for several days to test the inflow rates and oil cut. Further information about testing results will be forthcoming when available.

Commented Shelby D. Beattie, President and CEO, “It is a very busy time in South Texas right now, and it can easily take up to 10 weeks to secure a service rig for a this type of operation.  We are very fortunate to have access to the two PRI service rigs that we now own, as this really gives us an advantage over our competition in the area.”

About Emerald Bay

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

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

For further information, please contact:

 

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

Email: info@ebyinc.com

www.ebyinc.com

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

Forward-Looking Statements

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

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

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

!

It's a very interesting question, there is some press releases speaking about the number of barrels per day according to your drillings operation but you don't provide any information about the number of well that are currently in production and their production average per days ? Could you summarize your current production with the detail below ?
keyboard_arrow_downShow Post

!

Fernando Guerrero Gomez posted an update inEMERALD BAY ENERGY INC

Hello Mike You guys are doing a great job expanding wells and resources, I am looking to know if you can disclose info about sales, I know the first sale of 700 BB was disclosed some moths ago but after that we are in the dark is just to have an idea of how we are doing also is confusing to get to now how much production are we at specially because we have no production numbers from PRI nor how many wells from them are producing. If you could give an update towards those 2 points, Sales and production would be really appreciated.

!

Hello Mike You guys are doing a great job expanding wells and resources, I am looking to know if you can disclose info about sales, I know the first sale of 700 BB was disclosed some moths ago but after that we are in the dark is just to have an idea of how we are doing also is confusing to get to now how much production are we at specially because we have no production numbers from PRI nor how many wells from them are producing. If you could give an update towards those 2 points, Sales and production would be really appreciated.

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice posted an update in EMERALD BAY ENERGY INC

12 days

Good morning Emerald Bay shareholders and interested investors. I've had several comments and questions about the resolution to approve a possible share consolidation in our recently mailed out Information Circular. Consistent with our last few Information Circulars we have put this resolution in so that approval would be in place if necessary. As I stated at last years AGM, the Company has no plans now, or in the foreseeable future, to do a consolidation. If you have any further questions regarding this, please feel free to ask. Thanks, Mike Rice CFO

!
Thumb 10389189 1001055793243166 6457888455133848488 n

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

18 days

...

Good Morning Emerald Bay Investor Group. After meeting with our technical team to review the Kuhn A5 drilling results we were very excited to get the news out about our completion and testing plans for the well. It was a surprise to see the Buda in this well. Our geologist, Andy Alff is quite excited about the oil content in the Buda samples and he is also excited about how highly fractured the Buda samples are. Andy and our geophysicist, Phil Lakin, chose this location as an Austin Chalk target and the oil shows we saw during drilling were confirmed by the logs….exactly what we hoped for so far. There is the potential here for a well were we would commingle the two producing formations or we might drill an offset well to produce both formations independently if they are both very productive. As soon as testing begins we will provide further updates. Mike Rice CFO keyboard_arrow_downShow Post

!
Thumb 8020 monitor 200 200  png

8020 Admin

18 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

May 31, 2018

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the Company’s technical team has completed their evaluation of the recently drilled Kuhn A5 well.  During the review process, good oil content was identified in the Buda formation samples that were highly fractured. Additionally, the logs confirmed the significant oil shows in two intervals of the Austin Chalk formation that were observed during drilling operations.  The Company is now scheduling services to perforate and acidize a 5 foot interval of the Buda and test the well for three days to determine flow rates.  After testing the Buda, the Company will move up hole to test a 7 foot interval in the upper Austin Chalk formation for three days.  Once testing operations are completed, the Company will put facilities in place to begin production.  Further information about testing and initial production results will be forthcoming when available.

About Emerald Bay

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

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com

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

Forward-Looking Statements

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

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


To view the original release, please click here


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

!
Thumb 8020 monitor 200 200  png

8020 Admin

18 days

8020 Admin posted a press release Emerald Bay Energy to Test Buda and Austin Chalk Formations in Kuhn A5 Well in EMERALD BAY ENERGY INC

May 31, 2018

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the Company’s technical team has completed their evaluation of the recently drilled Kuhn A5 well.  During the review process, good oil content was identified in the Buda formation samples that were highly fractured. Additionally, the logs confirmed the significant oil shows in two intervals of the Austin Chalk formation that were observed during drilling operations.  The Company is now scheduling services to perforate and acidize a 5 foot interval of the Buda and test the well for three days to determine flow rates.  After testing the Buda, the Company will move up hole to test a 7 foot interval in the upper Austin Chalk formation for three days.  Once testing operations are completed, the Company will put facilities in place to begin production.  Further information about testing and initial production results will be forthcoming when available.

About Emerald Bay

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

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com

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

Forward-Looking Statements

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

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


To view the original release, please click here


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

!
Thumb no photo

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

19 days

Hi Mike and thank you for taking the time to come and talk to investors and shareholders. You mention the successful results at Kuhn 3 and Kuhn 4 and the pending results of Kunh A5. Unless I missed something, it seems to me that the results of Kuhn 4 are not yet disclosed. What can you tell us about the production result of Kuhn 4? Thank you and have a good day. Louis
keyboard_arrow_downShow Post

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice

19 days

Mike Rice posted an update inEMERALD BAY ENERGY INC

Good morning to all the EBY Group members, I thought that it would be beneficial to discuss the significance of the last two news releases over the past 3 trading sessions. 1.) The land acquisition of an additional 134 acres adjacent to the Kuhn lease could be very valuable to the Company as our technical staff believes this acreage to be on trend with the wells we have recently drilled. With the successful results to date at Kuhn 3 and Kuhn 4, and with results still pending at the recently drilled Kuhn A5 well, it made sense that we quickly acquire these adjacent lands for further exploration targets. 2.) The other recent news announcement, that our largest shareholder has agreed to convert his company’s loan to Emerald Bay to shares at a price premium to the market ($0.05/share), is a significant vote of confidence from Mr. Wagenaar in the Company’s ability to further the development of the Wooden Horse and PRI plays in Texas. This debt to equity conversion reduces the burden of repaying almost $1,000,000 thereby allowing us to use future production revenues to accelerate exploration and development plans in Texas, to the benefit of all shareholders. Should any of the group members have further questions of me, please feel to ask. Anything that I am able to answer, I will on a timely basis. Thank you all for your continued support Mike Rice, CFO

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice posted an update in EMERALD BAY ENERGY INC

19 days

Good morning to all the EBY Group members, I thought that it would be beneficial to discuss the significance of the last two news releases over the past 3 trading sessions. 1.) The land acquisition of an additional 134 acres adjacent to the Kuhn lease could be very valuable to the Company as our technical staff believes this acreage to be on trend with the wells we have recently drilled. With the successful results to date at Kuhn 3 and Kuhn 4, and with results still pending at the recently drilled Kuhn A5 well, it made sense that we quickly acquire these adjacent lands for further exploration targets. 2.) The other recent news announcement, that our largest shareholder has agreed to convert his company’s loan to Emerald Bay to shares at a price premium to the market ($0.05/share), is a significant vote of confidence from Mr. Wagenaar in the Company’s ability to further the development of the Wooden Horse and PRI plays in Texas. This debt to equity conversion reduces the burden of repaying almost $1,000,000 thereby allowing us to use future production revenues to accelerate exploration and development plans in Texas, to the benefit of all shareholders. Should any of the group members have further questions of me, please feel to ask. Anything that I am able to answer, I will on a timely basis. Thank you all for your continued support Mike Rice, CFO

!
Thumb peter kendall pic

Peter Kendall replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

20 days

...

This is great news that Mr. Wagenaar has converted his debt to the company at double the price of the stock... real vote of confidence in management's ability to forward the efforts in the Texas exploration and production play!keyboard_arrow_downShow Post

!
Thumb 8020 monitor 200 200  png

8020 Admin

20 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the "Corporation", the "Company" or "Emerald Bay") is pleased to announce that the Company has entered into an agreement to settle all amounts owing in connection with two separate loan/credit arrangements previously provided to the Corporation by Hillcrest Investments Ltd., a company controlled by Clarence Wagenaar (who currently controls, directly and indirectly, 11.93% of the outstanding common shares of the Corporation) via the issuance of an aggregate of 18,493,178 common shares of the Corporation at a price of $0.05 per share.  The aggregate debt amounts to be settled is equal to $924,658.90, being the aggregate balance of the principal amounts owing on the two separate loan/credit arrangements between the parties plus all applicable interest.  Upon closing of the shares for debt settlement, Mr. Wagenaar will control, directly and indirectly, an aggregate 51,574,198 common shares of the Corporation, or 18.6% of the outstanding common shares of the Corporation. 

Closing of the foregoing shares for debt transaction is subject to approval by the TSX Venture Exchange.  All of the foregoing common shares will, upon issuance, be subject to a statutory four-month hold period in accordance with applicable securities laws.

The settlement of the debt with Mr. Wagenaar’s company may be considered a "Related Party Transactions" under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, however the Corporation will rely upon available exemptions from the minority shareholder approval and valuation requirements set forth in that Instrument.


About Emerald Bay

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

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com.

!
Thumb 10389189 1001055793243166 6457888455133848488 n

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

20 days

...

This is very exciting news and a we are very appreciative of Clarence's vote of confidence shown by his willingness to convert the debt Emerald Bay owed to his company into shares at 5 cents. $924,658 is not an insignificant amount of money and will go a long way in our efforts as we continue to work at reducing the debt of the Company. Mike Rice CFOkeyboard_arrow_downShow Post

!
Thumb 8020 monitor 200 200  png

8020 Admin

20 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the "Corporation", the "Company" or "Emerald Bay") is pleased to announce that the Company has entered into an agreement to settle all amounts owing in connection with two separate loan/credit arrangements previously provided to the Corporation by Hillcrest Investments Ltd., a company controlled by Clarence Wagenaar (who currently controls, directly and indirectly, 11.93% of the outstanding common shares of the Corporation) via the issuance of an aggregate of 18,493,178 common shares of the Corporation at a price of $0.05 per share.  The aggregate debt amounts to be settled is equal to $924,658.90, being the aggregate balance of the principal amounts owing on the two separate loan/credit arrangements between the parties plus all applicable interest.  Upon closing of the shares for debt settlement, Mr. Wagenaar will control, directly and indirectly, an aggregate 51,574,198 common shares of the Corporation, or 18.6% of the outstanding common shares of the Corporation. 

Closing of the foregoing shares for debt transaction is subject to approval by the TSX Venture Exchange.  All of the foregoing common shares will, upon issuance, be subject to a statutory four-month hold period in accordance with applicable securities laws.

The settlement of the debt with Mr. Wagenaar’s company may be considered a "Related Party Transactions" under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, however the Corporation will rely upon available exemptions from the minority shareholder approval and valuation requirements set forth in that Instrument.


About Emerald Bay

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

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com.

!
Thumb 8020 monitor 200 200  png

8020 Admin

20 days

8020 Admin posted a press release Emerald Bay Energy to Settle $924,658.90 of Debt with Shares in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the "Corporation", the "Company" or "Emerald Bay") is pleased to announce that the Company has entered into an agreement to settle all amounts owing in connection with two separate loan/credit arrangements previously provided to the Corporation by Hillcrest Investments Ltd., a company controlled by Clarence Wagenaar (who currently controls, directly and indirectly, 11.93% of the outstanding common shares of the Corporation) via the issuance of an aggregate of 18,493,178 common shares of the Corporation at a price of $0.05 per share.  The aggregate debt amounts to be settled is equal to $924,658.90, being the aggregate balance of the principal amounts owing on the two separate loan/credit arrangements between the parties plus all applicable interest.  Upon closing of the shares for debt settlement, Mr. Wagenaar will control, directly and indirectly, an aggregate 51,574,198 common shares of the Corporation, or 18.6% of the outstanding common shares of the Corporation. 

Closing of the foregoing shares for debt transaction is subject to approval by the TSX Venture Exchange.  All of the foregoing common shares will, upon issuance, be subject to a statutory four-month hold period in accordance with applicable securities laws.

The settlement of the debt with Mr. Wagenaar’s company may be considered a "Related Party Transactions" under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, however the Corporation will rely upon available exemptions from the minority shareholder approval and valuation requirements set forth in that Instrument.


About Emerald Bay

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

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com.

!
Thumb 10389189 1001055793243166 6457888455133848488 n

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

24 days

...

This is really exciting news for the Company. We believe that this "in trend" acreage will provide multiple drilling opportunities for future growth as we expand the Wooden Horse play beyond the Kuhn acreage that is currently in development. Our team did a great job in getting this acreage. Mike Rice CFOkeyboard_arrow_downShow Post

!
Thumb 8020 monitor 200 200  png

8020 Admin

24 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the Company has leased the mineral rights to approximately 134 acres adjacent to the Kuhn lease at the Company’s Wooden Horse play in South Texas.

Shelby D. Beattie, President and CEO commented, “After our results over the past week in drilling the Kuhn A5 well, it became apparent to our technical team that this acreage was crucial in furthering our exploration plans at Wooden Horse.  We are very excited that we were able to acquire the lease in such a timely manner and our technical team will now move forward in prioritizing our next drilling locations.”

 

About Emerald Bay

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

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com.

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

Forward-Looking Statements

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

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


To view the original release, please click here


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

!
Thumb 8020 monitor 200 200  png

8020 Admin

24 days

8020 Admin posted a press release Emerald Bay Acquires Acreage off Setting Kuhn A5 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 has leased the mineral rights to approximately 134 acres adjacent to the Kuhn lease at the Company’s Wooden Horse play in South Texas.

Shelby D. Beattie, President and CEO commented, “After our results over the past week in drilling the Kuhn A5 well, it became apparent to our technical team that this acreage was crucial in furthering our exploration plans at Wooden Horse.  We are very excited that we were able to acquire the lease in such a timely manner and our technical team will now move forward in prioritizing our next drilling locations.”

 

About Emerald Bay

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

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com.

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

Forward-Looking Statements

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

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


To view the original release, please click here


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

!
Thumb b7c819c2f8949d2a4df7a13fade3f5a1 bpfull

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

26 days

...

Dear Samuel Jeff, 8020 Connect is an engagement platform for companies to speak directly with their shareholders and investors. It is not a platform to solicit investment from companies and or 8020 members. If you continue to solicit investment from any groups or members we will be forced to remove you from this site. However, if you are here to learn, and engage with our many public companies about them , their goods and services that the businesses service and supply, please continue. But solicitation of investment anyone on the site is prohibited. Thank you, D'Arcy Funfer President 8020 Connectkeyboard_arrow_downShow Post

!
Thumb 8020 monitor 200 200  png

8020 Admin

27 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

May 22, 2018

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the exploratory Kuhn A5 well has been successfully drilled and cased at the Company’s Wooden Horse play in Guadalupe County, Texas.

   

• Kuhn A5 reached total depth of 2351 ft in the Upper Edwards formation. 

• Target formation was the Austin Chalk.

• Mud log, formation samples, and an open-hole log suite confirmed the potential for    commercial production in the Austin Chalk and the Company set 5 1/2 inch casing and successfully cemented the casing to isolate the intervals of interest.

• Even with a heavy mud weight of 9.5, an excellent “show” of oil in the drilling mud was observed.

• Best oil “show” to date on our Wooden Horse acreage.

• Kuhn A5 is on a previously undrilled structure with the potential of virgin reservoir pressure without depletion.

• Our technical team will be evaluating drilling data this week to determine the best completion program to maximize production.

 

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil and natural gas interests in Central Alberta, Canada.  EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadalupe 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.


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 posted an update in EMERALD BAY ENERGY INC

26 days

We had a great week last week. Things went well drilling Kuhn A5 and we are really looking forward to seeing what this well will do. It was exciting to see such a good oil show when we drilled through the Austin Chalk formation.

Thumb image 6

!
Thumb download 20180116 104731

Samuel Jeff replied to the press release 8020 Admin  update in EMERALD BAY ENERGY INC

26 days

...

Please I am looking forward to meet a serious investorkeyboard_arrow_downShow Post

!
Thumb 8020 monitor 200 200  png

8020 Admin

27 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

May 22, 2018

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the exploratory Kuhn A5 well has been successfully drilled and cased at the Company’s Wooden Horse play in Guadalupe County, Texas.

   

• Kuhn A5 reached total depth of 2351 ft in the Upper Edwards formation. 

• Target formation was the Austin Chalk.

• Mud log, formation samples, and an open-hole log suite confirmed the potential for    commercial production in the Austin Chalk and the Company set 5 1/2 inch casing and successfully cemented the casing to isolate the intervals of interest.

• Even with a heavy mud weight of 9.5, an excellent “show” of oil in the drilling mud was observed.

• Best oil “show” to date on our Wooden Horse acreage.

• Kuhn A5 is on a previously undrilled structure with the potential of virgin reservoir pressure without depletion.

• Our technical team will be evaluating drilling data this week to determine the best completion program to maximize production.

 

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil and natural gas interests in Central Alberta, Canada.  EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadalupe 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.


To view the original release, please click here


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

!
Thumb download 20180116 104731

Samuel Jeff commented on Mike Rice  update in EMERALD BAY ENERGY INC

26 days

Please I am looking forward to meet a serious investor
keyboard_arrow_downShow Post

!
Thumb 10389189 1001055793243166 6457888455133848488 n

Mike Rice

1 month

Mike Rice posted an update inEMERALD BAY ENERGY INC

Great to get the Kuhn A5 well spudded this morning. This well is being drilled on structure on the lands that has never been drilled on to date...very exciting. Drilling should be completed in 5 to 6 days and I will provide an update. Mike Rice CFO

Thumb fullsizerender

!
Thumb 8020 monitor 200 200  png

8020 Admin

27 days

8020 Admin posted a press release Emerald Bay Cases Kuhn A5 Well in EMERALD BAY ENERGY INC

May 22, 2018

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the exploratory Kuhn A5 well has been successfully drilled and cased at the Company’s Wooden Horse play in Guadalupe County, Texas.

   

• Kuhn A5 reached total depth of 2351 ft in the Upper Edwards formation. 

• Target formation was the Austin Chalk.

• Mud log, formation samples, and an open-hole log suite confirmed the potential for    commercial production in the Austin Chalk and the Company set 5 1/2 inch casing and successfully cemented the casing to isolate the intervals of interest.

• Even with a heavy mud weight of 9.5, an excellent “show” of oil in the drilling mud was observed.

• Best oil “show” to date on our Wooden Horse acreage.

• Kuhn A5 is on a previously undrilled structure with the potential of virgin reservoir pressure without depletion.

• Our technical team will be evaluating drilling data this week to determine the best completion program to maximize production.

 

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil and natural gas interests in Central Alberta, Canada.  EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadalupe 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.


To view the original release, please click here


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

!
Thumb 8020 monitor 200 200  png

8020 Admin

1 month

8020 Admin posted a press release Emerald Bay Energy Provides Update on Ihmoff 1 and Poenitz Wells, and PRI Operations 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 provide the following update on recent well optimization operations at the Imhoff and Poenitz leases, and at the Company’s subsidiary, Production Resources Inc (PRI).

The Imhoff 1 well workover commenced several weeks ago and the well has been flowing at a rate of approximately 80 bbls/day of total fluid.  We are now seeing a consistent oil cut and the Company is moving forward with the next phase of the workover by installing a larger pump.  The larger pump will increase flow rates to more than 110 bbls/day of total fluid with an anticipated 5-15% oil cut.  Prior to the workover the well had only an intermittent oil cut so we are pleased with the results of this operation to date.  Further information will be provided as it becomes available.

At the Poenitz lease the Company completed a reconfiguration of the tank battery last week and the Poenitz 1 well, which had been temporarily shut in, was brought back on line.  The well is now producing approximately 6 bbls/day of oil.

At PRI, the Company continues to move forward with an extensive workover program.  In the past four weeks, the Company has completed workovers of 12 wells and we plan to bring 10 more wells back on line in the next 2-3 weeks.  With more than 330 wells spread over two fields we will continue to bring more PRI wells back on line in the coming months.

Shelby D. Beattie, President and CEO of Emerald Bay commented, “With oil at a 4 year high we are making every effort to optimize production on all Emerald Bay and PRI wells.  Owning our own service rigs gives us a significant advantage in time and costs associated with optimizing our wells, including some wells that other company’s may deem as marginal producers or low priorities.”

 

About Emerald Bay

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

 

To stay informed on Emerald Bay Energy, please join our Investor Group at www.8020connect.com 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)

!