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......

people151 Members       (0)


EBY News Alert: Provides Update on Kuhn 5


EBY News Alert: Provides Update on Kuhn 5

info This topic contains 2 replies, has 2 voice , and was last updated by Thumb 10389189 1001055793243166 6457888455133848488 n Mike Rice 10 months ago.
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Emerald Bay Provides Update on Kuhn 5

Emerald Bay Provides Update on Kuhn 5

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) provided the following update on the Company’s plans to drill the Kuhn 5 well at the Wooden Horse Property in South Texas.  As previously announced, the Kuhn 5 well location was chosen as Buda target.  Based on the results of the Kuhn 3 well, recently completed in upper Austin Chalk, the Company’s geophysical team is now in the process of re-evaluating Kuhn 5 to possibly reposition the location of the well as an Austin Chalk target.  The final location and the targeted formation of the Kuhn 5 well will be made upon completion of perforating and stimulating the additional 5 feet of the Buda formation in the Kuhn 4 well as previously announced.  It is anticipated that the location will be decided, surveyed and permitted in the next two to three weeks with drilling to commence shortly thereafter.

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, natural gas, and electricity generation 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 associated document to this release, please click on the following link:
public://news_release_pdf/EmeraldBay02232018.pdf
Source: Emerald Bay Energy Inc. (TSX Venture:EBY, OTC Bulletin Board:EMBYF)
 
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  #927 | REPLY

Hello Mike. When reading this, should we understand that we will have an update on Kuhn 4 early next week? Thank you and continue your excellent work. Louis
 
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  #929 | REPLY

Hello Louis. We will be working on equiping Kuhn 3 next week and then moving over to Kuhn 4 immediately after that. I anticipate that we will be conducting the operations on Kuhn 4 late next week or early the week after. Mike
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8020 ADMIN
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Emerald Bay Provides Update on Kuhn 5

Emerald Bay Provides Update on Kuhn 5

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Company” or “Emerald Bay”) provided the following update on the Company’s plans to drill the Kuhn 5 well at the Wooden Horse Property in South Texas.  As previously announced, the Kuhn 5 well location was chosen as Buda target.  Based on the results of the Kuhn 3 well, recently completed in upper Austin Chalk, the Company’s geophysical team is now in the process of re-evaluating Kuhn 5 to possibly reposition the location of the well as an Austin Chalk target.  The final location and the targeted formation of the Kuhn 5 well will be made upon completion of perforating and stimulating the additional 5 feet of the Buda formation in the Kuhn 4 well as previously announced.  It is anticipated that the location will be decided, surveyed and permitted in the next two to three weeks with drilling to commence shortly thereafter.

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, natural gas, and electricity generation 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 associated document to this release, please click on the following link:
public://news_release_pdf/EmeraldBay02232018.pdf
Source: Emerald Bay Energy Inc. (TSX Venture:EBY, OTC Bulletin Board:EMBYF)
 
access_time
  #927 | REPLY

Hello Mike. When reading this, should we understand that we will have an update on Kuhn 4 early next week? Thank you and continue your excellent work. Louis
 
access_time
  #929 | REPLY

Hello Louis. We will be working on equiping Kuhn 3 next week and then moving over to Kuhn 4 immediately after that. I anticipate that we will be conducting the operations on Kuhn 4 late next week or early the week after. Mike

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