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......

people132 Members        (0)

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

11 days

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Hi Mike, when we read that: "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 " Can you explain what it means more concretely in terms of costs, revenues and profits for EBY. Thank you and have a good day. Louiskeyboard_arrow_downShow Post

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8020 Admin

12 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 provide the following update on the Kuhn 4 and Kuhn 3 wells at the Company’s Wooden Horse project in Southwest Texas.

With the recent successful results in drilling and testing the Kuhn A5 well, the Company has begun moving forward with the following operations:

 

  • Kuhn 4 was re-entered and perforated in the Austin Chalk formation earlier this week, and then stimulated with acid.  The well is currently flowing unassisted and over the past 48 hours the well and has produced over 300 bbls of fluid.  Our technical team estimates that the well will produce approximately 1200 bbls per day of total fluid with a 10% oil cut.  The existing pumpjack is now being replaced with an Electric Submersible Pump (ESP) to increase flow rates.

 

  • Kuhn 3 will now be re-entered and stimulated with acid as the well has been producing unstimulated to date.  We will then deploy an ESP in Kuhn 3 to increase the flow rates.  As Kuhn 3 is 40 feet high to Kuhn 4 our technical team anticipates similar, if not better results to Kuhn 4.

The Kuhn A5, Kuhn 4, and Kuhn 3 wells confirm the Austin Chalk as the primary target at Wooden Horse and the Buda formation will be developed after depleting the Austin Chalk.

Commented Shelby D. Beattie, President and CEO, “Having invested over $1,000,000 in our production facilities, including our salt water disposal well, we have the capability to produce high fluid volume wells as we move forward with our development of the Wooden Horse property.”

 

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)

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8020 Admin

12 days

8020 Admin posted a press release Emerald Bay Energy Reports on Kuhn 4 and Kuhn 3 Wells 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 the Kuhn 4 and Kuhn 3 wells at the Company’s Wooden Horse project in Southwest Texas.

With the recent successful results in drilling and testing the Kuhn A5 well, the Company has begun moving forward with the following operations:

 

  • Kuhn 4 was re-entered and perforated in the Austin Chalk formation earlier this week, and then stimulated with acid.  The well is currently flowing unassisted and over the past 48 hours the well and has produced over 300 bbls of fluid.  Our technical team estimates that the well will produce approximately 1200 bbls per day of total fluid with a 10% oil cut.  The existing pumpjack is now being replaced with an Electric Submersible Pump (ESP) to increase flow rates.

 

  • Kuhn 3 will now be re-entered and stimulated with acid as the well has been producing unstimulated to date.  We will then deploy an ESP in Kuhn 3 to increase the flow rates.  As Kuhn 3 is 40 feet high to Kuhn 4 our technical team anticipates similar, if not better results to Kuhn 4.

The Kuhn A5, Kuhn 4, and Kuhn 3 wells confirm the Austin Chalk as the primary target at Wooden Horse and the Buda formation will be developed after depleting the Austin Chalk.

Commented Shelby D. Beattie, President and CEO, “Having invested over $1,000,000 in our production facilities, including our salt water disposal well, we have the capability to produce high fluid volume wells as we move forward with our development of the Wooden Horse property.”

 

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)

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Mike Rice

18 days

Mike Rice posted a News Item Emerald Bay Energy AGM - Review of past year highlights. in EMERALD BAY ENERGY INC

To all our valued shareholders and interested investors:

I wanted to give a little more insight to our recent news release regarding our operational and financial highlights for the year that were discussed at our AGM this week.

It is clear that our decision last year to increase our working interest in the Wooden Horse, Nash Creek and Cottonwood projects from 27.8% to 50% is starting to pay off.   Emerald Bay will realize a significant increase in revenue from all wells drilled, completed, and put online to date and in the future. This is nearly double what Emerald Bay previously held as a WI,  and will certainly be a benefit as we deliver crude oil to market going forward.

The two recently drilled wells at Wooden Horse (Kuhn4 and Kuhn A5) were both successful, and this will begin to show financial increases to our shareholders value on future quarterly and annual financial reports.

The Kuhn 3 well at Wooden Horse was re-completed and is now producing. This is significant as it was a non-producing asset prior to this successful re-completion.

As a result of the successful drilling of Kuhn 4, Kuhn A5, and the re-completion of the Kuhn 3 well, we sought to acquire more land to lease adjacent to these wells. We have been successful in acquiring this additional lands where further wells will be drilled in the coming weeks and months. We are very optimistic that we will continue to have success, as we have a high level of condidence in our new technical team and their evaluation of the 3-D seismic at Wooden Horse.

To round out our technical team, we recently added two operations experts that have worked in the South Texas area for another company for several years. This was a significant addition , and has already proved invaluable as we have begun producing wells in these formations for the first time in this area.   

Emerald Bay has increased its ownership in Production Resources Inc. (PRI) from 10% to 75%, which will continue to show significant shareholder value over time.  Over the past year, PRI has re-worked 40+ wells in the Somerset and Taylor-Ina fields,  and as a result has seen an increase in daily production of 28%. 

Emerald Bay also completed 8 additional Marpat wells, for a total of 16 wells with our joint venture farm-in partner. Emerald Bay has a carried interest of 25%, and we are the operator of this project.  The 25% carried working interest came at no cost to EBY.

We are very excited to have eliminated $1.33M of debt over the past year.   To accomplish this we sold our entire working interest in the Nevis Power project in Alberta for $408K.  With electricity prices continuing to languish at historical lows we were very fortunate to divest of this asset for our costs to date. 

Additionally, we recently settled debt of $925K for shares at $0.05/share conversion.  The lender was an entity owned by our largest shareholder and his willingness to convert this loan to shares at essentially double the current market price is a real vote of confidence for the path that Emerald Bay is on.

Emerald Bay also completed three (3) Private Placements over the past year totalling $1.22M

As we look to the future, we were very excited to present our new website at the AGM.  Our new website is part of our ongoing committment to inform and educate our shareholders and interested investors as to what we are doing and when.  The new website will launch within the next week.

Please feel free to ask any questions pertaining to these past year highlights.

Mike Rice

CFO

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8020 Admin

19 days

8020 Admin posted a press release Emerald Bay Energy Reports on Annual Shareholders Meeting 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 report on the Annual and Special Meeting of Shareholders held yesterday, June 27, 2018. 

Shelby D. Beattie, Gibson C. Scott, Kendall Dilling, and Conrad Wagenaar were elected to serve as Directors of the Company.  BDO Canada LLP was appointed as Auditors of the Corporation.  Resolutions regarding the Company’s Stock Option Plan and a possible future Share Consolidation, as outlined in pages 15-17 of the Company’s Information Circular, were approved.

The following operational and financial highlights of the past year were reported on:

  • The Company increased its working interest ownership in the Wooden Horse, Nash Creek, and Cottonwood Creek projects from 27.78% to 50%.
  • The Company drilled two new wells (Kuhn 4 and Kuhn A5) at Wooden Horse.
  • The Company re-completed Kuhn 3 at Wooden Horse.
  • The Company acquired additional offset acreage at Wooden Horse.
  • The Company added a new technical team to evaluate and execute development plans at Wooden Horse and Nash Creek.
  • The Company increased its ownership in Production Resources Inc. (PRI) from 10% to 75%.
  • PRI re-worked 40+ wells in Somerset and Taylor-Ina to increase daily production 28%
  • The Company completed 8 additional MarPat wells, for a total of 16 wells, to earn a 25% carried working interest in the wells.
  • The Company eliminated $1,332,334 of debt by selling its entire interest in the Nevis power project in Alberta for $407,676, and settling $924,658 of debt for shares at $0.05/share.
  • The Company completed three Private Placements for proceeds of $1,220,000.

Also during the meeting, the Company announced that it has been working on a new website as part of an ongoing marketing campaign.  The new website is near completion and was presented at the meeting.  The new website will launch in the coming days.

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)

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Darren Stewart commented on Mike Rice  update in EMERALD BAY ENERGY INC

27 days

Sweet! Good work to the team at Emerald Bay
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Mike Rice

27 days

Mike Rice posted an update inEMERALD BAY ENERGY INC

Hi to all of our valued Emerald Bay shareholders. As you can see from the news release we disseminated today, this is the most productive well that we have drilled in the Austin Chalk formation to date. The 142bopd rate that we have tested the well at is better than we expected, and we are moving to put this well on production as quickly as possible. Our geophysical team has done an excellent job in choosing the Kuhn A5 location. We will certainly keep everyone apprised as new developments occur. This is a picture from when we acidized the well a few days ago as I am currently on sight in Texas now. Mike Rice CFO

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Mike Rice posted an update in EMERALD BAY ENERGY INC

27 days

Hi to all of our valued Emerald Bay shareholders. As you can see from the news release we disseminated today, this is the most productive well that we have drilled in the Austin Chalk formation to date. The 142bopd rate that we have tested the well at is better than we expected, and we are moving to put this well on production as quickly as possible. Our geophysical team has done an excellent job in choosing the Kuhn A5 location. We will certainly keep everyone apprised as new developments occur. This is a picture from when we acidized the well a few days ago as I am currently on sight in Texas now. Mike Rice CFO

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8020 Admin

28 days

8020 Admin posted a press release Emerald Bay Energy Tests Kuhn A5 Well at 142 BBLS/Day of Oil 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 testing operations of the Kuhn A5 well have been completed.  The Company perforated and acid stimulated a seven foot interval of the Austin Chalk formation, and swab tested the well for two days to determine inflow rates and oil cut.  Over the course of the test the well produced oil at the rate of 142 barrels per day.  The Company is now making preparations to put the well on 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 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)

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Louis Paul posted an update in EMERALD BAY ENERGY INC

1 month

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 !!!

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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.
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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.

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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
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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.

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Mike Rice posted an update in EMERALD BAY ENERGY INC

1 month

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.

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8020 Admin

1 month

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)

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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 ?
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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.

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

11 days

...

Hi Mike, when we read that: "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 " Can you explain what it means more concretely in terms of costs, revenues and profits for EBY. Thank you and have a good day. Louiskeyboard_arrow_downShow Post

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8020 Admin

12 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 provide the following update on the Kuhn 4 and Kuhn 3 wells at the Company’s Wooden Horse project in Southwest Texas.

With the recent successful results in drilling and testing the Kuhn A5 well, the Company has begun moving forward with the following operations:

 

  • Kuhn 4 was re-entered and perforated in the Austin Chalk formation earlier this week, and then stimulated with acid.  The well is currently flowing unassisted and over the past 48 hours the well and has produced over 300 bbls of fluid.  Our technical team estimates that the well will produce approximately 1200 bbls per day of total fluid with a 10% oil cut.  The existing pumpjack is now being replaced with an Electric Submersible Pump (ESP) to increase flow rates.

 

  • Kuhn 3 will now be re-entered and stimulated with acid as the well has been producing unstimulated to date.  We will then deploy an ESP in Kuhn 3 to increase the flow rates.  As Kuhn 3 is 40 feet high to Kuhn 4 our technical team anticipates similar, if not better results to Kuhn 4.

The Kuhn A5, Kuhn 4, and Kuhn 3 wells confirm the Austin Chalk as the primary target at Wooden Horse and the Buda formation will be developed after depleting the Austin Chalk.

Commented Shelby D. Beattie, President and CEO, “Having invested over $1,000,000 in our production facilities, including our salt water disposal well, we have the capability to produce high fluid volume wells as we move forward with our development of the Wooden Horse property.”

 

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)

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8020 Admin

12 days

8020 Admin posted a press release Emerald Bay Energy Reports on Kuhn 4 and Kuhn 3 Wells 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 the Kuhn 4 and Kuhn 3 wells at the Company’s Wooden Horse project in Southwest Texas.

With the recent successful results in drilling and testing the Kuhn A5 well, the Company has begun moving forward with the following operations:

 

  • Kuhn 4 was re-entered and perforated in the Austin Chalk formation earlier this week, and then stimulated with acid.  The well is currently flowing unassisted and over the past 48 hours the well and has produced over 300 bbls of fluid.  Our technical team estimates that the well will produce approximately 1200 bbls per day of total fluid with a 10% oil cut.  The existing pumpjack is now being replaced with an Electric Submersible Pump (ESP) to increase flow rates.

 

  • Kuhn 3 will now be re-entered and stimulated with acid as the well has been producing unstimulated to date.  We will then deploy an ESP in Kuhn 3 to increase the flow rates.  As Kuhn 3 is 40 feet high to Kuhn 4 our technical team anticipates similar, if not better results to Kuhn 4.

The Kuhn A5, Kuhn 4, and Kuhn 3 wells confirm the Austin Chalk as the primary target at Wooden Horse and the Buda formation will be developed after depleting the Austin Chalk.

Commented Shelby D. Beattie, President and CEO, “Having invested over $1,000,000 in our production facilities, including our salt water disposal well, we have the capability to produce high fluid volume wells as we move forward with our development of the Wooden Horse property.”

 

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)

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Mike Rice

18 days

Mike Rice posted a News Item Emerald Bay Energy AGM - Review of past year highlights. in EMERALD BAY ENERGY INC

To all our valued shareholders and interested investors:

I wanted to give a little more insight to our recent news release regarding our operational and financial highlights for the year that were discussed at our AGM this week.

It is clear that our decision last year to increase our working interest in the Wooden Horse, Nash Creek and Cottonwood projects from 27.8% to 50% is starting to pay off.   Emerald Bay will realize a significant increase in revenue from all wells drilled, completed, and put online to date and in the future. This is nearly double what Emerald Bay previously held as a WI,  and will certainly be a benefit as we deliver crude oil to market going forward.

The two recently drilled wells at Wooden Horse (Kuhn4 and Kuhn A5) were both successful, and this will begin to show financial increases to our shareholders value on future quarterly and annual financial reports.

The Kuhn 3 well at Wooden Horse was re-completed and is now producing. This is significant as it was a non-producing asset prior to this successful re-completion.

As a result of the successful drilling of Kuhn 4, Kuhn A5, and the re-completion of the Kuhn 3 well, we sought to acquire more land to lease adjacent to these wells. We have been successful in acquiring this additional lands where further wells will be drilled in the coming weeks and months. We are very optimistic that we will continue to have success, as we have a high level of condidence in our new technical team and their evaluation of the 3-D seismic at Wooden Horse.

To round out our technical team, we recently added two operations experts that have worked in the South Texas area for another company for several years. This was a significant addition , and has already proved invaluable as we have begun producing wells in these formations for the first time in this area.   

Emerald Bay has increased its ownership in Production Resources Inc. (PRI) from 10% to 75%, which will continue to show significant shareholder value over time.  Over the past year, PRI has re-worked 40+ wells in the Somerset and Taylor-Ina fields,  and as a result has seen an increase in daily production of 28%. 

Emerald Bay also completed 8 additional Marpat wells, for a total of 16 wells with our joint venture farm-in partner. Emerald Bay has a carried interest of 25%, and we are the operator of this project.  The 25% carried working interest came at no cost to EBY.

We are very excited to have eliminated $1.33M of debt over the past year.   To accomplish this we sold our entire working interest in the Nevis Power project in Alberta for $408K.  With electricity prices continuing to languish at historical lows we were very fortunate to divest of this asset for our costs to date. 

Additionally, we recently settled debt of $925K for shares at $0.05/share conversion.  The lender was an entity owned by our largest shareholder and his willingness to convert this loan to shares at essentially double the current market price is a real vote of confidence for the path that Emerald Bay is on.

Emerald Bay also completed three (3) Private Placements over the past year totalling $1.22M

As we look to the future, we were very excited to present our new website at the AGM.  Our new website is part of our ongoing committment to inform and educate our shareholders and interested investors as to what we are doing and when.  The new website will launch within the next week.

Please feel free to ask any questions pertaining to these past year highlights.

Mike Rice

CFO

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8020 Admin

19 days

8020 Admin posted a press release Emerald Bay Energy Reports on Annual Shareholders Meeting 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 report on the Annual and Special Meeting of Shareholders held yesterday, June 27, 2018. 

Shelby D. Beattie, Gibson C. Scott, Kendall Dilling, and Conrad Wagenaar were elected to serve as Directors of the Company.  BDO Canada LLP was appointed as Auditors of the Corporation.  Resolutions regarding the Company’s Stock Option Plan and a possible future Share Consolidation, as outlined in pages 15-17 of the Company’s Information Circular, were approved.

The following operational and financial highlights of the past year were reported on:

  • The Company increased its working interest ownership in the Wooden Horse, Nash Creek, and Cottonwood Creek projects from 27.78% to 50%.
  • The Company drilled two new wells (Kuhn 4 and Kuhn A5) at Wooden Horse.
  • The Company re-completed Kuhn 3 at Wooden Horse.
  • The Company acquired additional offset acreage at Wooden Horse.
  • The Company added a new technical team to evaluate and execute development plans at Wooden Horse and Nash Creek.
  • The Company increased its ownership in Production Resources Inc. (PRI) from 10% to 75%.
  • PRI re-worked 40+ wells in Somerset and Taylor-Ina to increase daily production 28%
  • The Company completed 8 additional MarPat wells, for a total of 16 wells, to earn a 25% carried working interest in the wells.
  • The Company eliminated $1,332,334 of debt by selling its entire interest in the Nevis power project in Alberta for $407,676, and settling $924,658 of debt for shares at $0.05/share.
  • The Company completed three Private Placements for proceeds of $1,220,000.

Also during the meeting, the Company announced that it has been working on a new website as part of an ongoing marketing campaign.  The new website is near completion and was presented at the meeting.  The new website will launch in the coming days.

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)

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Darren Stewart commented on Mike Rice  update in EMERALD BAY ENERGY INC

27 days

Sweet! Good work to the team at Emerald Bay
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Mike Rice

27 days

Mike Rice posted an update inEMERALD BAY ENERGY INC

Hi to all of our valued Emerald Bay shareholders. As you can see from the news release we disseminated today, this is the most productive well that we have drilled in the Austin Chalk formation to date. The 142bopd rate that we have tested the well at is better than we expected, and we are moving to put this well on production as quickly as possible. Our geophysical team has done an excellent job in choosing the Kuhn A5 location. We will certainly keep everyone apprised as new developments occur. This is a picture from when we acidized the well a few days ago as I am currently on sight in Texas now. Mike Rice CFO

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Mike Rice posted an update in EMERALD BAY ENERGY INC

27 days

Hi to all of our valued Emerald Bay shareholders. As you can see from the news release we disseminated today, this is the most productive well that we have drilled in the Austin Chalk formation to date. The 142bopd rate that we have tested the well at is better than we expected, and we are moving to put this well on production as quickly as possible. Our geophysical team has done an excellent job in choosing the Kuhn A5 location. We will certainly keep everyone apprised as new developments occur. This is a picture from when we acidized the well a few days ago as I am currently on sight in Texas now. Mike Rice CFO

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8020 Admin

28 days

8020 Admin posted a press release Emerald Bay Energy Tests Kuhn A5 Well at 142 BBLS/Day of Oil 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 testing operations of the Kuhn A5 well have been completed.  The Company perforated and acid stimulated a seven foot interval of the Austin Chalk formation, and swab tested the well for two days to determine inflow rates and oil cut.  Over the course of the test the well produced oil at the rate of 142 barrels per day.  The Company is now making preparations to put the well on 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 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)

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Louis Paul posted an update in EMERALD BAY ENERGY INC

1 month

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 !!!

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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.
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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.

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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
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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.

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Mike Rice posted an update in EMERALD BAY ENERGY INC

1 month

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.

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https://youtu.be/duToyzpZqos

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8020 Admin

1 month

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)

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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 ?
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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.

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