EMERALD BAY ENERGY INC

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Emerald Bay Energy Inc.  is an emerging oil and gas producer headquartered in Calgary, Alberta, Canada with production properties in South Texas, USA. To remain agile and adjust to market conditions, Emerald Bay has transitioned from a research and development entity to exploration and production...

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EMERALD BAY ENERGY INC

lockPrivateGroup

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

people152 Members       (0)

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Louis Paul commented on Louis Paul  update inEMERALD BAY ENERGY INC

19 hours

Thanks Mike for the answer. I became a shareholder in October 2017 when I heard about Kuhn 4 and increased my position during the year. As already mentioned, I do not know much about the oil sector but you have given me useful information. I'm surprised we're not quite clear about the production of Kuhn 4 but at the same time, I understand that you have tested several zones and have had some pretty wet days in recent weeks. Hopefully, the weather will be nice and work can be completed for these many wells. I cross my fingers for you. I believe patience will end up rewarding all of us. Greetings. Louis
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Louis Paul posted an update inEMERALD BAY ENERGY INC

Hello Mike. In a news on May 17, the company mentions that work has been done to put 12 wells in operation and that another 10 wells will be added in the weeks to follow. Should we understand that there are currently 22 wells in operation at PRI or if the number is higher? Will the production results of these wells be presented soon? We are looking forward to the results for several other wells: Kuhn 3, 4 and A5, Floyd 1 and 2. The best of success for EBY and the shareholders. Louis

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Mike Rice commented on corystinchcombe  update inEMERALD BAY ENERGY INC

20 hours

Hello Cory. Well we are always mindful of the potential impact OPECs decisions have on oil prices we can only do what we can as a small producer. Our focus is always to maintain lean operations to maximize the netbacks on every barrel of oil we produce regardless of the commodity price. This is the main reason we moved the focus of all of our operations to South Texas. Having a lot of our own service equipment we are able to be profitable at times when other Companies really struggle to afford service equipment. Additionally, and it may sound counterintuitive, but it is actually easier, in some respects, for us to grow when times are a little "tougher" as more opportunities come along at times like that. I'm not sure that really answers your question, but for us everything is business as usual at anything north of $30/bbl.
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corystinchcombe posted an update inEMERALD BAY ENERGY INC

Hey Mike.. I was wondering what EBY thoughts are on what's going on with OPEC and how do you think it will affect us directly? Are there concerns there? Or is everything going to be business as usual?

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Mike Rice commented on Louis Paul  update inEMERALD BAY ENERGY INC

20 hours

Hello Louis Paul. Sorry for the late reply. PRI has many wells with various working interests. I think the current count is approximately 242 shallow wells. Approximately 2/3 are producing at this time and we are working with PRI to get all the wells optimized and producing. These are what would be called stripper wells making anywhere from 1/4 to 5 bbls/day each. These wells have been producing for a long time and will continue to produce for years into the future. PRI production numbers will be reflected in our consolidated financials going forward as well as our oil & gas disclosure requirements...NI 51-101. Further updates on our other projects will be forthcoming in the weeks ahead as we are finally starting to dry up down there. Cross your fingers for clear skies. Thanks for your support. Mike Rice CFO
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Louis Paul posted an update inEMERALD BAY ENERGY INC

Hello Mike. In a news on May 17, the company mentions that work has been done to put 12 wells in operation and that another 10 wells will be added in the weeks to follow. Should we understand that there are currently 22 wells in operation at PRI or if the number is higher? Will the production results of these wells be presented soon? We are looking forward to the results for several other wells: Kuhn 3, 4 and A5, Floyd 1 and 2. The best of success for EBY and the shareholders. Louis

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Mike Rice commented on Mark  update inEMERALD BAY ENERGY INC

20 hours

Hello Mark. I just got back from a week in Texas. 4 days of rain. Here is a link speaking to the crazy past couple of months. https://www.expressnews.com/news/local/article/Combined-rainfall-in-September-and-October-broke-13359531.php I understand your frustration. Rest assured that we are doing all we can to make sure all our projects are moving forward in as timely manner as possible. We have never experienced this kind of fall in South Texas where we literally can't access leases for weeks and months at a time. I've experienced long spring breakups in Alberta in the past so this is similar to that. There is a bit of a snowball effect at times like this as other operators are also waiting on things like fracing equipment, so even when it starts to dry up we can't just go as we have to wait our turn, for lack of a better term. In any case we haven't just been sitting and waiting for the rain to stop. We have been actively preparing to optimize our current projects as well as pursuing new future projects. I think you will be pleased in the coming months as we move forward as things are starting to dry up. Thanks for your support and stay in touch. Mike Rice CFO
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Mark

1 day

Mark posted an update inEMERALD BAY ENERGY INC

Hi Mike. Weeks have gone by with no news about the two Floyd wells getting completed. I know it doesn’t take weeks to frac and complete a well. You still having problems working in the rain? I’m sure I can get some rubber boots and rain gear together and ship them to Texas if it will help get things moving again.

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Mark posted an update inEMERALD BAY ENERGY INC

1 day

Hi Mike. Weeks have gone by with no news about the two Floyd wells getting completed. I know it doesn’t take weeks to frac and complete a well. You still having problems working in the rain? I’m sure I can get some rubber boots and rain gear together and ship them to Texas if it will help get things moving again.

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Louis Paul posted an update inEMERALD BAY ENERGY INC

8 days

Hello Mike. In a news on May 17, the company mentions that work has been done to put 12 wells in operation and that another 10 wells will be added in the weeks to follow. Should we understand that there are currently 22 wells in operation at PRI or if the number is higher? Will the production results of these wells be presented soon? We are looking forward to the results for several other wells: Kuhn 3, 4 and A5, Floyd 1 and 2. The best of success for EBY and the shareholders. Louis

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corystinchcombe posted an update inEMERALD BAY ENERGY INC

13 days

Hey Mike.. I was wondering what EBY thoughts are on what's going on with OPEC and how do you think it will affect us directly? Are there concerns there? Or is everything going to be business as usual?

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DArcy Funfer commented on PKen  update inEMERALD BAY ENERGY INC

14 days

Thanks PKen for sharing this information with the group. As a trader a number of years ago, I am aware of the trading that does happen in the "Alternative" or "Dark Pool" or "Grey Markets" as they are sometimes called. This is actually other Exchanges that have Issuer trading exactly like the TSX Venture that many people do not even realize existed. So yes company share volumes can be many times more than anyone may even realize, if they are only seeing the trading data from the TSX or CSE. Thank you again PKen great post, and very important knowledge for all shareholders and investors, that may not have known about these other Exchanges. ..
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PKen

15 days

PKen posted an update inEMERALD BAY ENERGY INC

EBY had a very good volume day today. Considering that oil has been down slightly this week, and the market as a whole has been quite beat up over the last month, this is very positive to see.

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PKen posted an update inEMERALD BAY ENERGY INC

15 days

EBY had a very good volume day today. Considering that oil has been down slightly this week, and the market as a whole has been quite beat up over the last month, this is very positive to see.

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8020 Admin

16 days

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

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / October 31, 2018 / Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Company" or "Emerald Bay") announced today that perforators were able to access the F. Poentz lease and the Floyd 1 and Floyd 2 wells have been perforated in the Navarro formation.The Company will now make arrangements to frac the wells and put them on production in November.

Commented Shelby D. Beattie, President and CEO, "We are very excited to be able to resume operations on several projects, included the Floyd wells, that have been on hold due to the significant rainfall we've been experiencing in South Texas over the past month and a half.Our leases are starting to dry up and the forecast looks good for the coming weeks."

About Emerald Bay

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

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

For further information, please contact:

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

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

Forward-Looking Statements

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

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

SOURCE: Emerald Bay Energy Inc.

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This is great news for us EBY shareholders as now the company can significantly reduce costs associated to well completions. Thanks to EBY management for thinking of all kinds of cost reductions and maybe more importantly well services delays because of a robust Texas industry and service provider timely availability.

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8020 Admin

21 days

8020 Admin posted a press release Under the Symbol: EBY Emerald Bay Energy Purchases Oil Well Cementing Equipment in EMERALD BAY ENERGY INC

Thursday, October 25, 2018 8:30 PM

CALGARY, ALBERTA AND SAN ANTONIO, TEXAS /ACCESSWIRE / October 25, 2018 / Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF)(the "Company" or "Emerald Bay") is pleased to announce that the Company has purchased a cement pumping rig and a cement bulk rig on behalf of the Company's subsidiary Production Resources Inc. ("PRI"). The Rigs will be used to cement and plug shallow wells in South Texas.

Commented Shelby D. Beattie, President and CEO, "We are very excited to have acquired the cementing equipment at such an important time in the growth of the Company. Cementing and plugging wells has become very expensive in recent years. Having our own cement rigs will give PRI the ability to cement our wells and gives the Company a significant advantage over our competition."

About Emerald Bay

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

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.

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mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

29 days

Very appreciated thank you for this update Mike. Next few month are very exciting !

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Mike Rice commented on mathieu_leblanc06  update inEMERALD BAY ENERGY INC

29 days

Hello Mathieu. Good to hear from you. I've had other inquiries too about the current state of operations in South Texas and I think I can sum up your questions in one word... RAIN. San Antonio had all time record rainfall amounts in the month of September and it has continued into October. As an example, Lake Travis, just north of San Antonio, rose 32 feet in the past two days. At PRI we have had to shut in two leases that are close to the Hondo River that have been under water several times over the past month. While we often have very wet falls due to being so close to the gulf of Mexico, this year is unprecedented. Rest assured that everything discussed in recent Press Releases, at Wooden Horse (Kuhn Lease), the Floyd wells, and the Wildcat well on the Bauer prospect, is moving forward in as timely a manner as possible. We are very fortunate to have our own service equipment for many of the operations and we can move quickly when surface conditions are dry enough to access. One silver lining to all the rain is the effect that high levels in the aquifer have on production rates in many of our wells. As far as your question about HugoCellR, let me just say that the partnership is off to a great start!!! I look forward to further updating you on progress as things typically start to dry up as we get in to the latter part of October and November. Thanks for your support. Mike Rice CFO
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mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

Hi Mike, I'm glad to see your comment on 8020-EBY Group talking about the Electric Submersible Pump (ESP) that will be install in the Kunh 3 the near future! I will like to know if Kuhn 5 is still in production. Correct me if im wrong but I think Kuhn 5 doesnt have an electric installation. Do you know if we can have electric installation on Kuhn 5 this year ? Overall, how goes the HugoCellR partnership ? We now past the middle of the month, and as the last new release show we should have new by now about the Floyd 1 & 2 Wells. I'm just hoping the waiting is a good sign and nothing wrong happen. And have you thinking about the proposition that make some big shareholders like me (who hold 1,8 millions shares) and Ford Victoria (who hold 5 millions shares) about the montly production. I think it will have a great impact on the company. Keep your hard work Mike. In emerald bay Energy We trust ! :) Best Regard! Thanks you

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mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

1 month

Hi Mike, I'm glad to see your comment on 8020-EBY Group talking about the Electric Submersible Pump (ESP) that will be install in the Kunh 3 the near future! I will like to know if Kuhn 5 is still in production. Correct me if im wrong but I think Kuhn 5 doesnt have an electric installation. Do you know if we can have electric installation on Kuhn 5 this year ? Overall, how goes the HugoCellR partnership ? We now past the middle of the month, and as the last new release show we should have new by now about the Floyd 1 & 2 Wells. I'm just hoping the waiting is a good sign and nothing wrong happen. And have you thinking about the proposition that make some big shareholders like me (who hold 1,8 millions shares) and Ford Victoria (who hold 5 millions shares) about the montly production. I think it will have a great impact on the company. Keep your hard work Mike. In emerald bay Energy We trust ! :) Best Regard! Thanks you

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8020 Admin

2 months

8020 Admin posted a press release Emerald Bay Energy Surveys Wildcat Well Location in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the “Company” or “Emerald Bay”) is pleased to announce that surveying was completed today for the location of the Wildcat test well on the Company’s Bauer project in Southwest Texas.  The well will be drilled to an approximate depth of 3,750 feet, targeting multiple formations.  The Company has secured a rig to drill the well in Q4 of this year.  Drilling operations will take approximately two weeks. The well will be drilled in partnership with HugoCellR Ltd. (“Hugo”), whereby Hugo will pay 100% of the costs of the well to earn a 75% interest.  Emerald Bay will be the operating partner and will earn a 25% interest in the well at no cost to the Company.  Additional information on the well and the Bauer project will be provided as it becomes available.

 

About Emerald Bay

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

 

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com

 

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

 

Forward-Looking Statements

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

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


To view the original release, please click here


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

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8020 Admin

2 months

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

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

 

About Emerald Bay

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

 

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

 

For further information, please contact:

 

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

Email: info@ebyinc.com

www.ebyinc.com

 

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

 

Forward-Looking Statements

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

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



To view the original release, please click here


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

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Mike Rice commented on corystinchcombe  update inEMERALD BAY ENERGY INC

2 months

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

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

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corystinchcombe posted an update inEMERALD BAY ENERGY INC

2 months

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

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Ford Victoria commented on Ford Victoria  update inEMERALD BAY ENERGY INC

2 months

Excellent Mike, I am happy to see you guys are all busy and rolling, so 3 rigs busy and more wells on their way. Good Job
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Ford Victoria posted an update inEMERALD BAY ENERGY INC

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

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EMERALD BAY ENERGY INC

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Emerald Bay Energy Inc.  is an emerging oil and gas producer headquartered in Calgary, Alberta, Canada with production properties in South Texas, USA. To remain agile and adjust to market conditions, Emerald Bay has transitioned from a research and development entity to exploration and production...

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EMERALD BAY ENERGY INC

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

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Louis Paul commented on Louis Paul  update inEMERALD BAY ENERGY INC

19 hours

Thanks Mike for the answer. I became a shareholder in October 2017 when I heard about Kuhn 4 and increased my position during the year. As already mentioned, I do not know much about the oil sector but you have given me useful information. I'm surprised we're not quite clear about the production of Kuhn 4 but at the same time, I understand that you have tested several zones and have had some pretty wet days in recent weeks. Hopefully, the weather will be nice and work can be completed for these many wells. I cross my fingers for you. I believe patience will end up rewarding all of us. Greetings. Louis
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Louis Paul posted an update inEMERALD BAY ENERGY INC

Hello Mike. In a news on May 17, the company mentions that work has been done to put 12 wells in operation and that another 10 wells will be added in the weeks to follow. Should we understand that there are currently 22 wells in operation at PRI or if the number is higher? Will the production results of these wells be presented soon? We are looking forward to the results for several other wells: Kuhn 3, 4 and A5, Floyd 1 and 2. The best of success for EBY and the shareholders. Louis

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Mike Rice commented on corystinchcombe  update inEMERALD BAY ENERGY INC

20 hours

Hello Cory. Well we are always mindful of the potential impact OPECs decisions have on oil prices we can only do what we can as a small producer. Our focus is always to maintain lean operations to maximize the netbacks on every barrel of oil we produce regardless of the commodity price. This is the main reason we moved the focus of all of our operations to South Texas. Having a lot of our own service equipment we are able to be profitable at times when other Companies really struggle to afford service equipment. Additionally, and it may sound counterintuitive, but it is actually easier, in some respects, for us to grow when times are a little "tougher" as more opportunities come along at times like that. I'm not sure that really answers your question, but for us everything is business as usual at anything north of $30/bbl.
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corystinchcombe posted an update inEMERALD BAY ENERGY INC

Hey Mike.. I was wondering what EBY thoughts are on what's going on with OPEC and how do you think it will affect us directly? Are there concerns there? Or is everything going to be business as usual?

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Mike Rice commented on Louis Paul  update inEMERALD BAY ENERGY INC

20 hours

Hello Louis Paul. Sorry for the late reply. PRI has many wells with various working interests. I think the current count is approximately 242 shallow wells. Approximately 2/3 are producing at this time and we are working with PRI to get all the wells optimized and producing. These are what would be called stripper wells making anywhere from 1/4 to 5 bbls/day each. These wells have been producing for a long time and will continue to produce for years into the future. PRI production numbers will be reflected in our consolidated financials going forward as well as our oil & gas disclosure requirements...NI 51-101. Further updates on our other projects will be forthcoming in the weeks ahead as we are finally starting to dry up down there. Cross your fingers for clear skies. Thanks for your support. Mike Rice CFO
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Louis Paul posted an update inEMERALD BAY ENERGY INC

Hello Mike. In a news on May 17, the company mentions that work has been done to put 12 wells in operation and that another 10 wells will be added in the weeks to follow. Should we understand that there are currently 22 wells in operation at PRI or if the number is higher? Will the production results of these wells be presented soon? We are looking forward to the results for several other wells: Kuhn 3, 4 and A5, Floyd 1 and 2. The best of success for EBY and the shareholders. Louis

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Mike Rice commented on Mark  update inEMERALD BAY ENERGY INC

20 hours

Hello Mark. I just got back from a week in Texas. 4 days of rain. Here is a link speaking to the crazy past couple of months. https://www.expressnews.com/news/local/article/Combined-rainfall-in-September-and-October-broke-13359531.php I understand your frustration. Rest assured that we are doing all we can to make sure all our projects are moving forward in as timely manner as possible. We have never experienced this kind of fall in South Texas where we literally can't access leases for weeks and months at a time. I've experienced long spring breakups in Alberta in the past so this is similar to that. There is a bit of a snowball effect at times like this as other operators are also waiting on things like fracing equipment, so even when it starts to dry up we can't just go as we have to wait our turn, for lack of a better term. In any case we haven't just been sitting and waiting for the rain to stop. We have been actively preparing to optimize our current projects as well as pursuing new future projects. I think you will be pleased in the coming months as we move forward as things are starting to dry up. Thanks for your support and stay in touch. Mike Rice CFO
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Mark

1 day

Mark posted an update inEMERALD BAY ENERGY INC

Hi Mike. Weeks have gone by with no news about the two Floyd wells getting completed. I know it doesn’t take weeks to frac and complete a well. You still having problems working in the rain? I’m sure I can get some rubber boots and rain gear together and ship them to Texas if it will help get things moving again.

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Mark posted an update inEMERALD BAY ENERGY INC

1 day

Hi Mike. Weeks have gone by with no news about the two Floyd wells getting completed. I know it doesn’t take weeks to frac and complete a well. You still having problems working in the rain? I’m sure I can get some rubber boots and rain gear together and ship them to Texas if it will help get things moving again.

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Louis Paul posted an update inEMERALD BAY ENERGY INC

8 days

Hello Mike. In a news on May 17, the company mentions that work has been done to put 12 wells in operation and that another 10 wells will be added in the weeks to follow. Should we understand that there are currently 22 wells in operation at PRI or if the number is higher? Will the production results of these wells be presented soon? We are looking forward to the results for several other wells: Kuhn 3, 4 and A5, Floyd 1 and 2. The best of success for EBY and the shareholders. Louis

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corystinchcombe posted an update inEMERALD BAY ENERGY INC

13 days

Hey Mike.. I was wondering what EBY thoughts are on what's going on with OPEC and how do you think it will affect us directly? Are there concerns there? Or is everything going to be business as usual?

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DArcy Funfer commented on PKen  update inEMERALD BAY ENERGY INC

14 days

Thanks PKen for sharing this information with the group. As a trader a number of years ago, I am aware of the trading that does happen in the "Alternative" or "Dark Pool" or "Grey Markets" as they are sometimes called. This is actually other Exchanges that have Issuer trading exactly like the TSX Venture that many people do not even realize existed. So yes company share volumes can be many times more than anyone may even realize, if they are only seeing the trading data from the TSX or CSE. Thank you again PKen great post, and very important knowledge for all shareholders and investors, that may not have known about these other Exchanges. ..
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PKen

15 days

PKen posted an update inEMERALD BAY ENERGY INC

EBY had a very good volume day today. Considering that oil has been down slightly this week, and the market as a whole has been quite beat up over the last month, this is very positive to see.

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PKen posted an update inEMERALD BAY ENERGY INC

15 days

EBY had a very good volume day today. Considering that oil has been down slightly this week, and the market as a whole has been quite beat up over the last month, this is very positive to see.

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8020 Admin

16 days

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

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / October 31, 2018 / Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Company" or "Emerald Bay") announced today that perforators were able to access the F. Poentz lease and the Floyd 1 and Floyd 2 wells have been perforated in the Navarro formation.The Company will now make arrangements to frac the wells and put them on production in November.

Commented Shelby D. Beattie, President and CEO, "We are very excited to be able to resume operations on several projects, included the Floyd wells, that have been on hold due to the significant rainfall we've been experiencing in South Texas over the past month and a half.Our leases are starting to dry up and the forecast looks good for the coming weeks."

About Emerald Bay

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

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

For further information, please contact:

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

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

Forward-Looking Statements

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

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

SOURCE: Emerald Bay Energy Inc.

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This is great news for us EBY shareholders as now the company can significantly reduce costs associated to well completions. Thanks to EBY management for thinking of all kinds of cost reductions and maybe more importantly well services delays because of a robust Texas industry and service provider timely availability.

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8020 Admin

21 days

8020 Admin posted a press release Under the Symbol: EBY Emerald Bay Energy Purchases Oil Well Cementing Equipment in EMERALD BAY ENERGY INC

Thursday, October 25, 2018 8:30 PM

CALGARY, ALBERTA AND SAN ANTONIO, TEXAS /ACCESSWIRE / October 25, 2018 / Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF)(the "Company" or "Emerald Bay") is pleased to announce that the Company has purchased a cement pumping rig and a cement bulk rig on behalf of the Company's subsidiary Production Resources Inc. ("PRI"). The Rigs will be used to cement and plug shallow wells in South Texas.

Commented Shelby D. Beattie, President and CEO, "We are very excited to have acquired the cementing equipment at such an important time in the growth of the Company. Cementing and plugging wells has become very expensive in recent years. Having our own cement rigs will give PRI the ability to cement our wells and gives the Company a significant advantage over our competition."

About Emerald Bay

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

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.

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mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

29 days

Very appreciated thank you for this update Mike. Next few month are very exciting !

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Mike Rice commented on mathieu_leblanc06  update inEMERALD BAY ENERGY INC

29 days

Hello Mathieu. Good to hear from you. I've had other inquiries too about the current state of operations in South Texas and I think I can sum up your questions in one word... RAIN. San Antonio had all time record rainfall amounts in the month of September and it has continued into October. As an example, Lake Travis, just north of San Antonio, rose 32 feet in the past two days. At PRI we have had to shut in two leases that are close to the Hondo River that have been under water several times over the past month. While we often have very wet falls due to being so close to the gulf of Mexico, this year is unprecedented. Rest assured that everything discussed in recent Press Releases, at Wooden Horse (Kuhn Lease), the Floyd wells, and the Wildcat well on the Bauer prospect, is moving forward in as timely a manner as possible. We are very fortunate to have our own service equipment for many of the operations and we can move quickly when surface conditions are dry enough to access. One silver lining to all the rain is the effect that high levels in the aquifer have on production rates in many of our wells. As far as your question about HugoCellR, let me just say that the partnership is off to a great start!!! I look forward to further updating you on progress as things typically start to dry up as we get in to the latter part of October and November. Thanks for your support. Mike Rice CFO
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mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

Hi Mike, I'm glad to see your comment on 8020-EBY Group talking about the Electric Submersible Pump (ESP) that will be install in the Kunh 3 the near future! I will like to know if Kuhn 5 is still in production. Correct me if im wrong but I think Kuhn 5 doesnt have an electric installation. Do you know if we can have electric installation on Kuhn 5 this year ? Overall, how goes the HugoCellR partnership ? We now past the middle of the month, and as the last new release show we should have new by now about the Floyd 1 & 2 Wells. I'm just hoping the waiting is a good sign and nothing wrong happen. And have you thinking about the proposition that make some big shareholders like me (who hold 1,8 millions shares) and Ford Victoria (who hold 5 millions shares) about the montly production. I think it will have a great impact on the company. Keep your hard work Mike. In emerald bay Energy We trust ! :) Best Regard! Thanks you

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mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

1 month

Hi Mike, I'm glad to see your comment on 8020-EBY Group talking about the Electric Submersible Pump (ESP) that will be install in the Kunh 3 the near future! I will like to know if Kuhn 5 is still in production. Correct me if im wrong but I think Kuhn 5 doesnt have an electric installation. Do you know if we can have electric installation on Kuhn 5 this year ? Overall, how goes the HugoCellR partnership ? We now past the middle of the month, and as the last new release show we should have new by now about the Floyd 1 & 2 Wells. I'm just hoping the waiting is a good sign and nothing wrong happen. And have you thinking about the proposition that make some big shareholders like me (who hold 1,8 millions shares) and Ford Victoria (who hold 5 millions shares) about the montly production. I think it will have a great impact on the company. Keep your hard work Mike. In emerald bay Energy We trust ! :) Best Regard! Thanks you

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8020 Admin

2 months

8020 Admin posted a press release Emerald Bay Energy Surveys Wildcat Well Location in EMERALD BAY ENERGY INC

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the “Company” or “Emerald Bay”) is pleased to announce that surveying was completed today for the location of the Wildcat test well on the Company’s Bauer project in Southwest Texas.  The well will be drilled to an approximate depth of 3,750 feet, targeting multiple formations.  The Company has secured a rig to drill the well in Q4 of this year.  Drilling operations will take approximately two weeks. The well will be drilled in partnership with HugoCellR Ltd. (“Hugo”), whereby Hugo will pay 100% of the costs of the well to earn a 75% interest.  Emerald Bay will be the operating partner and will earn a 25% interest in the well at no cost to the Company.  Additional information on the well and the Bauer project will be provided as it becomes available.

 

About Emerald Bay

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

 

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

 

For further information, please contact:

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

Email: info@ebyinc.com

www.ebyinc.com

 

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

 

Forward-Looking Statements

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

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


To view the original release, please click here


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

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8020 Admin

2 months

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

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

 

About Emerald Bay

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

 

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

 

For further information, please contact:

 

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

Email: info@ebyinc.com

www.ebyinc.com

 

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

 

Forward-Looking Statements

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

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



To view the original release, please click here


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

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Mike Rice commented on corystinchcombe  update inEMERALD BAY ENERGY INC

2 months

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

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

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corystinchcombe posted an update inEMERALD BAY ENERGY INC

2 months

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

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Ford Victoria commented on Ford Victoria  update inEMERALD BAY ENERGY INC

2 months

Excellent Mike, I am happy to see you guys are all busy and rolling, so 3 rigs busy and more wells on their way. Good Job
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Ford Victoria posted an update inEMERALD BAY ENERGY INC

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

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