NEXERA ENERGY INC

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Nexera 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, Nexera has transitioned from a research and development entity to exploration and production of natura...

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NEXERA ENERGY INC

publicPublicGroup

Nexera Energy Inc.  is an emerging oil and gas producer headquartered in Calgary, Alberta, Canada with production pro......

people181 Members       (0)

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patfest posted an update in NEXERA ENERGY INC

10 minutes ago

Good update from Shelby. "we are confident that the addition of these assets will assist the Company in maintaining and even growing operations in the weeks and months ahead. We are able to affordably maintain operations as we have our own service rigs and equipment through our subsidiary Production Resources Inc., and we have favorable contracts in place whereby we receive the WTI price plus bonuses for all of our oil production.
Looking forward to seeing the new website up and running soon.

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NGY CommunityMGR

19 hours ago

NGY CommunityMGR posted a press release Nexera Finalizes Acquisition of AOC Assets in NEXERA ENERGY INC

CALGARY, AB, and SAN ANTONIO, TX / ACCESSWIRE / March 24, 2020 / Nexera Energy Inc. (TSX Venture:NGY) (formerly Emerald Bay Energy Inc. (TSX Venture: EBY)) (the "Corporation", the "Company" or "Nexera") today announced that the TSX Venture Exchange has provided final approval of the purchase agreement dated Feb. 3, 2020, between the Company and Advantagewon Oil Corp ("AOC"). Under the agreement, Nexera acquired assets comprising 30 oil and gas leases in South Texas. The total amount of consideration paid to the AOC for the assets is as follows:


(i) total cash payments of $50,000 (U.S.) and;


(ii) 2,601,800 common shares of Nexera (the "NGY Shares") at the post consolidation deemed price of 15 cents per common share, representing in aggregate USD$300,000.


The NGY Shares issued to AOC will be held in escrow by Nexera until December 31, 2020. On or before December 31, 2020, Nexera (or its designee) may acquire the 2,601,800 NGY Shares for an aggregate USD$300,000. Should Nexera elect not to acquire the NGY Shares, then the NGY Shares will be returned to Nexera's treasury and the balance of the purchase price for the assets will be paid via an overriding royalty interest on the Acquired Leases being granted to AOC as follows:



  • 5-per-cent overriding royalty interest on all acquired leases with a net revenue interest of 75 per cent or greater;

  • 2-per-cent overriding royalty on all acquired with a net revenue interest of 72 per cent up to, but not including, the acquired leases with a net revenue interest of 75 per cent;

  • No overriding royalty shall be assigned to leases with a net revenue interest of less than 72 per cent.

  • The overriding royalty interest shall be in place until such time as AOC has received an aggregate USD$400,000.00 at which point the royalty interest shall be terminated.


Shelby Beattie, President and CEO of the Company commented: "Although we are all in uncertain times, we are confident that the addition of these assets will assist the Company in maintaining and even growing operations in the weeks and months ahead. We are able to affordably maintain operations as we have our own service rigs and equipment through our subsidiary Production Resources Inc., and we have favorable contracts in place whereby we receive the WTI price plus bonuses for all of our oil production. We add our prayers to yours as we all move forward with the resolve to overcome the Covid-19 crisis."


About Nexera Energy Inc.


Nexera Energy Inc. (TSX Venture: NGY) is an energy company with oil producing properties in Southwest Texas. Nexera is owner and operator of the Lavernia, Wooden Horse and Nash Creek Projects. Additionally, the Company owns and operates various working interests in the HugoCellR, Cotulla, and MarPat partnerships. The Company also owns 75% of Production Resources Inc., a South Texas oil company.


For further information, please contact:


Nexera Energy Inc. President, Shelby D. Beattie, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.nexeraenergy.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.
























Nexera Energy Inc



Symbol



NGY



Shares Issued



23,606,891



Close 2020-03-19



C$ 0.035



Recent Sedar Documents


View Original Document



Nexera Energy, Advantagewon Oil property agreement


2020-03-19 20:34 ET - Property Agreement


TSX Venture Exchange has accepted for filing documentation a purchase agreement dated Feb. 3, 2020, between the company and Advantagewon Oil Corp. Under the agreement, the company has decided to acquire a variety of assets mainly comprising 30 oil and gas leases. The total amount of consideration to be paid to the vendor for the assets is as follows: (i) total cash payments of $50,000 (U.S.) and 2,601,800 common shares at a deemed price of 15 cents per common share on a postconsolidation basis. The share consideration will be subject to escrow by the company until Dec. 31, 2020.


At any time prior to Dec. 31, 2020, the company will have the option to purchase the share consideration for $300,000 (U.S.) in further cash payments. As per the agreement, should the company not acquire the share consideration, the assets purchased will be subject to the following:



  • 5-per-cent overriding royalty interest on all acquired leases with a net revenue interest of 75 per cent or greater;

  • 2-per-cent overriding royalty on all acquired with a net revenue interest of 72 per cent up to, but not including, the acquired leases with a net revenue interest of 75 per cent;

  • No overriding royalty shall be assigned to leases with a net revenue interest of less than 72 per cent.


The overriding royalty interest may be terminated if the vendor receives an aggregate of $400,000 (U.S.). The vendor involved in this transaction is considered an arm's-length party to the company.


For further details, please see the company's news release dated Feb. 3, 2020


SOURCE: Nexera Energy Inc.


View source version on accesswire.com:
https://www.accesswire.com/582331/Nexera-Finalizes-Acquisition-of-AOC-Assets

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patfest posted an update in NEXERA ENERGY INC

6 days ago

Once upon a time, Emerald Bay shareholders were reassured there would be no consolidation.
As the oil market crashed, we were quite pleased to see EBY hold at one cent.
Then came the announcement that at some time there would be a 15 to 1 share consolidation, after a majority of voters were in favour, (though retail investors knew are votes wouldn't count against the vast holdings of insiders).
The share price crashed to a half cent, but if there was no consolidation, we knew it couldn't go any lower.
But in managements wisdom, the shares we're rolled back at the worst time in the oil market, and the value of our holdings have been cut in half again.
On a day when the share prices of my oil and gas index are mostly rising, some as much as 20%, EBY/NGY has the unique distinction of falling a further 30%.
Please, Mike, give us a reason why we should continue to have faith in your management team. Or maybe even a reason why we should buy more at these cheap prices?
Please, Mike, give

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8020 Admin

12 days ago

8020 Admin posted a press release Nexera Energy (Formerly Emerald Bay) Confirms Name Change/Consolidation in NEXERA ENERGY INC

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / March 13, 2020 / Nexera Energy Inc. (TSX Venture:NGY) (formerly Emerald Bay Energy Inc. (TSX Venture:EBY)) (the "Corporation", the "Company" or "Nexera") today announced that, further to its press release dated March 2, 2020 and further to the shareholder approvals received at its special meeting of the Company's shareholders held on February 28, 2020 (the "Special Meeting"), the Corporation will, effective March 17, 2020: (i) complete its consolidation of the issued and outstanding Common Shares of the Corporation on a "1 new for 15 old" basis (the "Consolidation"); and (ii) change the Corporation's name to "Nexera Energy Inc." (the "Name Change"). The Board of Directors believes that the Consolidation could lead to increased interest by a wider audience of potential investors resulting in a more efficient market for the Common Shares. The Name Change is being completed in order to better reflect the future business and operations of the Corporation.


Effective March 17, 2020 (the effective date for the Consolidation and Name Change), there will be 23,606,891 Common Shares issued and outstanding (pre-Consolidation there were 354,103,367 Common Shares issued and outstanding). The exercise price and number of common shares of the Corporation issuable upon the exercise of outstanding stock options, warrants or other convertible securities will be proportionately adjusted to reflect the Consolidation. The Corporation's new stock symbol for trading on the TSX Venture Exchange will be "NGY".


A letter of transmittal was sent to all shareholders advising them of the Consolidation (and Name Change) as part of the materials sent out for the Special Meeting. The letter of transmittal provides details to shareholders on how to surrender the old share certificates and obtain new share certificates representing the number of common shares to which they are entitled as a result of the Consolidation. Until surrendered, each share certificate formerly representing common shares will be deemed for all purposes to represent the number of common shares to which the holder thereof is entitled as a result of the Consolidation.


About Nexera Energy Inc.


Nexera Energy Inc. (TSX Venture: NGY) is an energy company with oil producing properties in Southwest Texas. Nexera is owner and operator of the Lavernia, Wooden Horse and Nash Creek Projects. Additionally, the Company owns and operates various working interests in the HugoCellR, Cotulla, and MarPat partnerships. The Company also owns 75% of Production Resources Inc., a South Texas oil company.


For further information, please contact:


Nexera Energy Inc. President, Shelby D. Beattie, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.nexeraenergy.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: Nexera Energy Inc.


View source version on accesswire.com:
https://www.accesswire.com/580578/Nexera-Energy-Formerly-Emerald-Bay-Confirms-Name-ChangeConsolidation

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patfest posted an update in NEXERA ENERGY INC

14 days ago

Hello Mike. There is some talk in the chat boards suggesting that the "1 new for 15 old" consolidation be held back a bit until the oil markets settle down.
It would be definitely be nice to see it done when our share price is over a cent, imho, but I leave it in your capable hands.

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8020 Admin

23 days ago

8020 Admin posted a press release Emerald Bay Announces Results of Special Meeting of Shareholders in NEXERA ENERGY INC

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / March 2, 2020 / Emerald Bay Energy Inc. (TSXV:EBY)(OTC:EMBYF) (the "Corporation", the "Company" or "Emerald Bay") today announced that at its special meeting of the Company's shareholders held on February 28, 2020 (the "Special Meeting") the shareholders approved, via special resolutions, the following: (i) the consolidation of the issued and outstanding Common Shares of the Corporation on a "1 new for 15 old" basis (the "Consolidation"); and (ii) changing the Corporation's name to "Nexera Energy Inc." (the "Name Change").


The Corporation is currently coordinating the timing for the implementation of the Consolidation and Name Change (management of the Corporation anticipates it to occur in the next 5 to 10 business days). As of the today's date, there are 354,103,367 Common Shares issued and outstanding. There will be, post-Consolidation, approximately 23,606,891 Common Shares issued and outstanding.


About Emerald Bay


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


For all upcoming news releases, articles, comments and questions, to stay updated and speak with management about Emerald Bay Energy. Please JOIN our Investor Information Group at:
http://bit.ly/8020EBY


For further information, please contact:


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


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


SOURCE: Emerald Bay Energy Inc.


View source version on accesswire.com:
https://www.accesswire.com/578692/Emerald-Bay-Announces-Results-of-Special-Meeting-of-Shareholders

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patfest posted an update in NEXERA ENERGY INC

23 days ago

How did the special vote go?

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8020 Admin

1 month ago

8020 Admin posted a press release Emerald Bay Energy Updates DCRC and Rouse Lease Operations in NEXERA ENERGY INC

CALGARY AB, and SAN ANTONIO, TX / ACCESSWIRE / February 19, 2020 / Emerald Bay Energy Inc. (TSXV:EBY)(OTC:EMBYF) (the "Company" or "Emerald Bay") reported that the Company has completed drilling the fifth well, #4HC, on the Duval County Ranch Company ("DCRC") "E" lease, and the well is now on production. The five wells drilled to date at DCRC are now producing 73 bbls/day of oil. Additionally, repairs to the flow line on the Rouse lease have been competed, and 6 bbls/day of oil production has been added as anticipated.


About Emerald Bay


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


For all upcoming news releases, articles, comments and questions, to stay updated and speak with management about Emerald Bay Energy. Please JOIN our Investor Information Group at:


http://bit.ly/8020EBY


For further information, please contact:


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


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


SOURCE: Emerald Bay Energy Inc.



View source version on accesswire.com:
https://www.accesswire.com/577047/Emerald-Bay-Energy-Updates-DCRC-and-Rouse-Lease-Operations

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patfest posted an update in NEXERA ENERGY INC

1 month ago

Interesting trading activity lately. We've had someone buying up almost every half cent share offered up over the past couple weeks. Then there's no bids when the price of oil dropped. And today, the half cent bids came back, but no one is selling at less than a penny. Looking positive before next weeks special meeting, imho.

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patfest commented on Louis Paul  update in NEXERA ENERGY INC

1 month ago

Good morning Mike. This will probably be my last attempt to get some feedback from you. You recently posted two photos of the work you are doing, which shows your interest in participating in discussions with EBY shareholders on this platform. However, my last few posts have gone unanswered. With all the projects announced over the last few months and the little news published about the results obtained, there is reason to wonder about your ability to carry out the work. Maybe my understanding is wrong and I would appreciate reading you on the subject. I am still a shareholder who has a lot of interest in EBY but I am starting to be a little concerned. Best of success to you and us. Louis

NEXERA ENERGY INC

publicPublic Group

Nexera 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, Nexera has transitioned from a research and development entity to exploration and production of natura...

people181 Members       (0)

Corporate Profile
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NEXERA ENERGY INC

publicPublicGroup

Nexera Energy Inc.  is an emerging oil and gas producer headquartered in Calgary, Alberta, Canada with production pro......

people181 Members       (0)

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patfest posted an update in NEXERA ENERGY INC

10 minutes ago

Good update from Shelby. "we are confident that the addition of these assets will assist the Company in maintaining and even growing operations in the weeks and months ahead. We are able to affordably maintain operations as we have our own service rigs and equipment through our subsidiary Production Resources Inc., and we have favorable contracts in place whereby we receive the WTI price plus bonuses for all of our oil production.
Looking forward to seeing the new website up and running soon.

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NGY CommunityMGR

19 hours ago

NGY CommunityMGR posted a press release Nexera Finalizes Acquisition of AOC Assets in NEXERA ENERGY INC

CALGARY, AB, and SAN ANTONIO, TX / ACCESSWIRE / March 24, 2020 / Nexera Energy Inc. (TSX Venture:NGY) (formerly Emerald Bay Energy Inc. (TSX Venture: EBY)) (the "Corporation", the "Company" or "Nexera") today announced that the TSX Venture Exchange has provided final approval of the purchase agreement dated Feb. 3, 2020, between the Company and Advantagewon Oil Corp ("AOC"). Under the agreement, Nexera acquired assets comprising 30 oil and gas leases in South Texas. The total amount of consideration paid to the AOC for the assets is as follows:


(i) total cash payments of $50,000 (U.S.) and;


(ii) 2,601,800 common shares of Nexera (the "NGY Shares") at the post consolidation deemed price of 15 cents per common share, representing in aggregate USD$300,000.


The NGY Shares issued to AOC will be held in escrow by Nexera until December 31, 2020. On or before December 31, 2020, Nexera (or its designee) may acquire the 2,601,800 NGY Shares for an aggregate USD$300,000. Should Nexera elect not to acquire the NGY Shares, then the NGY Shares will be returned to Nexera's treasury and the balance of the purchase price for the assets will be paid via an overriding royalty interest on the Acquired Leases being granted to AOC as follows:



  • 5-per-cent overriding royalty interest on all acquired leases with a net revenue interest of 75 per cent or greater;

  • 2-per-cent overriding royalty on all acquired with a net revenue interest of 72 per cent up to, but not including, the acquired leases with a net revenue interest of 75 per cent;

  • No overriding royalty shall be assigned to leases with a net revenue interest of less than 72 per cent.

  • The overriding royalty interest shall be in place until such time as AOC has received an aggregate USD$400,000.00 at which point the royalty interest shall be terminated.


Shelby Beattie, President and CEO of the Company commented: "Although we are all in uncertain times, we are confident that the addition of these assets will assist the Company in maintaining and even growing operations in the weeks and months ahead. We are able to affordably maintain operations as we have our own service rigs and equipment through our subsidiary Production Resources Inc., and we have favorable contracts in place whereby we receive the WTI price plus bonuses for all of our oil production. We add our prayers to yours as we all move forward with the resolve to overcome the Covid-19 crisis."


About Nexera Energy Inc.


Nexera Energy Inc. (TSX Venture: NGY) is an energy company with oil producing properties in Southwest Texas. Nexera is owner and operator of the Lavernia, Wooden Horse and Nash Creek Projects. Additionally, the Company owns and operates various working interests in the HugoCellR, Cotulla, and MarPat partnerships. The Company also owns 75% of Production Resources Inc., a South Texas oil company.


For further information, please contact:


Nexera Energy Inc. President, Shelby D. Beattie, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.nexeraenergy.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.
























Nexera Energy Inc



Symbol



NGY



Shares Issued



23,606,891



Close 2020-03-19



C$ 0.035



Recent Sedar Documents


View Original Document



Nexera Energy, Advantagewon Oil property agreement


2020-03-19 20:34 ET - Property Agreement


TSX Venture Exchange has accepted for filing documentation a purchase agreement dated Feb. 3, 2020, between the company and Advantagewon Oil Corp. Under the agreement, the company has decided to acquire a variety of assets mainly comprising 30 oil and gas leases. The total amount of consideration to be paid to the vendor for the assets is as follows: (i) total cash payments of $50,000 (U.S.) and 2,601,800 common shares at a deemed price of 15 cents per common share on a postconsolidation basis. The share consideration will be subject to escrow by the company until Dec. 31, 2020.


At any time prior to Dec. 31, 2020, the company will have the option to purchase the share consideration for $300,000 (U.S.) in further cash payments. As per the agreement, should the company not acquire the share consideration, the assets purchased will be subject to the following:



  • 5-per-cent overriding royalty interest on all acquired leases with a net revenue interest of 75 per cent or greater;

  • 2-per-cent overriding royalty on all acquired with a net revenue interest of 72 per cent up to, but not including, the acquired leases with a net revenue interest of 75 per cent;

  • No overriding royalty shall be assigned to leases with a net revenue interest of less than 72 per cent.


The overriding royalty interest may be terminated if the vendor receives an aggregate of $400,000 (U.S.). The vendor involved in this transaction is considered an arm's-length party to the company.


For further details, please see the company's news release dated Feb. 3, 2020


SOURCE: Nexera Energy Inc.


View source version on accesswire.com:
https://www.accesswire.com/582331/Nexera-Finalizes-Acquisition-of-AOC-Assets

!
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patfest posted an update in NEXERA ENERGY INC

6 days ago

Once upon a time, Emerald Bay shareholders were reassured there would be no consolidation.
As the oil market crashed, we were quite pleased to see EBY hold at one cent.
Then came the announcement that at some time there would be a 15 to 1 share consolidation, after a majority of voters were in favour, (though retail investors knew are votes wouldn't count against the vast holdings of insiders).
The share price crashed to a half cent, but if there was no consolidation, we knew it couldn't go any lower.
But in managements wisdom, the shares we're rolled back at the worst time in the oil market, and the value of our holdings have been cut in half again.
On a day when the share prices of my oil and gas index are mostly rising, some as much as 20%, EBY/NGY has the unique distinction of falling a further 30%.
Please, Mike, give us a reason why we should continue to have faith in your management team. Or maybe even a reason why we should buy more at these cheap prices?
Please, Mike, give

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8020 Admin

12 days ago

8020 Admin posted a press release Nexera Energy (Formerly Emerald Bay) Confirms Name Change/Consolidation in NEXERA ENERGY INC

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / March 13, 2020 / Nexera Energy Inc. (TSX Venture:NGY) (formerly Emerald Bay Energy Inc. (TSX Venture:EBY)) (the "Corporation", the "Company" or "Nexera") today announced that, further to its press release dated March 2, 2020 and further to the shareholder approvals received at its special meeting of the Company's shareholders held on February 28, 2020 (the "Special Meeting"), the Corporation will, effective March 17, 2020: (i) complete its consolidation of the issued and outstanding Common Shares of the Corporation on a "1 new for 15 old" basis (the "Consolidation"); and (ii) change the Corporation's name to "Nexera Energy Inc." (the "Name Change"). The Board of Directors believes that the Consolidation could lead to increased interest by a wider audience of potential investors resulting in a more efficient market for the Common Shares. The Name Change is being completed in order to better reflect the future business and operations of the Corporation.


Effective March 17, 2020 (the effective date for the Consolidation and Name Change), there will be 23,606,891 Common Shares issued and outstanding (pre-Consolidation there were 354,103,367 Common Shares issued and outstanding). The exercise price and number of common shares of the Corporation issuable upon the exercise of outstanding stock options, warrants or other convertible securities will be proportionately adjusted to reflect the Consolidation. The Corporation's new stock symbol for trading on the TSX Venture Exchange will be "NGY".


A letter of transmittal was sent to all shareholders advising them of the Consolidation (and Name Change) as part of the materials sent out for the Special Meeting. The letter of transmittal provides details to shareholders on how to surrender the old share certificates and obtain new share certificates representing the number of common shares to which they are entitled as a result of the Consolidation. Until surrendered, each share certificate formerly representing common shares will be deemed for all purposes to represent the number of common shares to which the holder thereof is entitled as a result of the Consolidation.


About Nexera Energy Inc.


Nexera Energy Inc. (TSX Venture: NGY) is an energy company with oil producing properties in Southwest Texas. Nexera is owner and operator of the Lavernia, Wooden Horse and Nash Creek Projects. Additionally, the Company owns and operates various working interests in the HugoCellR, Cotulla, and MarPat partnerships. The Company also owns 75% of Production Resources Inc., a South Texas oil company.


For further information, please contact:


Nexera Energy Inc. President, Shelby D. Beattie, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.nexeraenergy.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: Nexera Energy Inc.


View source version on accesswire.com:
https://www.accesswire.com/580578/Nexera-Energy-Formerly-Emerald-Bay-Confirms-Name-ChangeConsolidation

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patfest posted an update in NEXERA ENERGY INC

14 days ago

Hello Mike. There is some talk in the chat boards suggesting that the "1 new for 15 old" consolidation be held back a bit until the oil markets settle down.
It would be definitely be nice to see it done when our share price is over a cent, imho, but I leave it in your capable hands.

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8020 Admin

23 days ago

8020 Admin posted a press release Emerald Bay Announces Results of Special Meeting of Shareholders in NEXERA ENERGY INC

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / March 2, 2020 / Emerald Bay Energy Inc. (TSXV:EBY)(OTC:EMBYF) (the "Corporation", the "Company" or "Emerald Bay") today announced that at its special meeting of the Company's shareholders held on February 28, 2020 (the "Special Meeting") the shareholders approved, via special resolutions, the following: (i) the consolidation of the issued and outstanding Common Shares of the Corporation on a "1 new for 15 old" basis (the "Consolidation"); and (ii) changing the Corporation's name to "Nexera Energy Inc." (the "Name Change").


The Corporation is currently coordinating the timing for the implementation of the Consolidation and Name Change (management of the Corporation anticipates it to occur in the next 5 to 10 business days). As of the today's date, there are 354,103,367 Common Shares issued and outstanding. There will be, post-Consolidation, approximately 23,606,891 Common Shares issued and outstanding.


About Emerald Bay


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


For all upcoming news releases, articles, comments and questions, to stay updated and speak with management about Emerald Bay Energy. Please JOIN our Investor Information Group at:
http://bit.ly/8020EBY


For further information, please contact:


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


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


SOURCE: Emerald Bay Energy Inc.


View source version on accesswire.com:
https://www.accesswire.com/578692/Emerald-Bay-Announces-Results-of-Special-Meeting-of-Shareholders

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patfest posted an update in NEXERA ENERGY INC

23 days ago

How did the special vote go?

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8020 Admin

1 month ago

8020 Admin posted a press release Emerald Bay Energy Updates DCRC and Rouse Lease Operations in NEXERA ENERGY INC

CALGARY AB, and SAN ANTONIO, TX / ACCESSWIRE / February 19, 2020 / Emerald Bay Energy Inc. (TSXV:EBY)(OTC:EMBYF) (the "Company" or "Emerald Bay") reported that the Company has completed drilling the fifth well, #4HC, on the Duval County Ranch Company ("DCRC") "E" lease, and the well is now on production. The five wells drilled to date at DCRC are now producing 73 bbls/day of oil. Additionally, repairs to the flow line on the Rouse lease have been competed, and 6 bbls/day of oil production has been added as anticipated.


About Emerald Bay


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


For all upcoming news releases, articles, comments and questions, to stay updated and speak with management about Emerald Bay Energy. Please JOIN our Investor Information Group at:


http://bit.ly/8020EBY


For further information, please contact:


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


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


SOURCE: Emerald Bay Energy Inc.



View source version on accesswire.com:
https://www.accesswire.com/577047/Emerald-Bay-Energy-Updates-DCRC-and-Rouse-Lease-Operations

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patfest posted an update in NEXERA ENERGY INC

1 month ago

Interesting trading activity lately. We've had someone buying up almost every half cent share offered up over the past couple weeks. Then there's no bids when the price of oil dropped. And today, the half cent bids came back, but no one is selling at less than a penny. Looking positive before next weeks special meeting, imho.

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patfest commented on Louis Paul  update in NEXERA ENERGY INC

1 month ago

Good morning Mike. This will probably be my last attempt to get some feedback from you. You recently posted two photos of the work you are doing, which shows your interest in participating in discussions with EBY shareholders on this platform. However, my last few posts have gone unanswered. With all the projects announced over the last few months and the little news published about the results obtained, there is reason to wonder about your ability to carry out the work. Maybe my understanding is wrong and I would appreciate reading you on the subject. I am still a shareholder who has a lot of interest in EBY but I am starting to be a little concerned. Best of success to you and us. Louis