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Mike Rice

active 2 days ago

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CFO, VP and Secretary @ EMERALD BAY ENERGY INC

Mr. Michael L. Rice has over 16 years of industry experience specializing in energy financing and production operations. Mr. Rice started working for the Corporation at the Company's inception and has held a variety of positions such as Secretary and Treasurer during this time. Mr. Rice has specialized in compliance and operations management for over 13 years. Mr. Rice graduated from the University of Utah with a B.Sc. in Economics and Consumer Studies, and has managed the Company's day-to-day operations for more than 13 years.

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@MIKE RICE

active 2 days ago

Company Associations
image
CFO, VP and Secretary @ EMERALD BAY ENERGY INC

Mr. Michael L. Rice has over 16 years of industry experience specializing in energy financing and production operations. Mr. Rice started working for the Corporation at the Company's inception and has held a variety of positions such as Secretary and Treasurer during this time. Mr. Rice has specialized in compliance and operations management for over 13 years. Mr. Rice graduated from the University of Utah with a B.Sc. in Economics and Consumer Studies, and has managed the Company's day-to-day operations for more than 13 years.

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    8020 COMMUNITY

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    Welcome to 80-20 Connect's (8020) community of members. In this group you will receive communi......

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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, C......

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    8020 CAPITAL DAILY

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    Our picks of the top news stories that could affect your investment portfolio. Be sure to share ......

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    COMMODITIES INSIGHT

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    News and Views on the Commodities Markets...

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Groups 4
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    8020 COMMUNITY

    Public Group

    Welcome to 80-20 Connect's (8020) community of members. In this group you will receive communi......

    1942

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    EMERALD BAY ENERGY INC

    Private Group

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

    151

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    EMERALD BAY ENERGY INC Active 2 days

    people 151 Members - Private

    Emerald Bay Energy is an emerging oil and gas producer headquartered in Calgary, Alberta, Canada with production properties in South Texas, USA and electrical power generation in central Alberta. ...

    Corporate Profile Press Releases

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    Investor Group
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    EMERALD BAY ENERGY INC Active 2 days

    people 151 Members - Private

    Emerald Bay Energy is an emerging oil and gas producer headquartered in Calgary, Alberta, Canada with production properties in South Texas, USA and electrical power generation in central Alberta. ...

    Corporate Profile Press Releases

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Mike Rice

active 2 days ago

  • remove_red_eye18 Profile views
  • tag_faces9
  • supervisor_account8 Connections
  • description49 Posts

Company Associations
image
CFO, VP and Secretary @ EMERALD BAY ENERGY INC

Mr. Michael L. Rice has over 16 years of industry experience specializing in energy financing and production operations. Mr. Rice started working for the Corporation at the Company's inception and has held a variety of positions such as Secretary and Treasurer during this time. Mr. Rice has specialized in compliance and operations management for over 13 years. Mr. Rice graduated from the University of Utah with a B.Sc. in Economics and Consumer Studies, and has managed the Company's day-to-day operations for more than 13 years.

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@MIKE RICE

active 2 days ago

Company Associations
image
CFO, VP and Secretary @ EMERALD BAY ENERGY INC

Mr. Michael L. Rice has over 16 years of industry experience specializing in energy financing and production operations. Mr. Rice started working for the Corporation at the Company's inception and has held a variety of positions such as Secretary and Treasurer during this time. Mr. Rice has specialized in compliance and operations management for over 13 years. Mr. Rice graduated from the University of Utah with a B.Sc. in Economics and Consumer Studies, and has managed the Company's day-to-day operations for more than 13 years.

Groups (4)
  • image

    8020 COMMUNITY

    Public Group

    Welcome to 80-20 Connect's (8020) community of members. In this group you will receive communi......

    1942

  • image

    EMERALD BAY ENERGY INC

    Private Group

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

    151

  • image

    8020 CAPITAL DAILY

    Public Group

    Our picks of the top news stories that could affect your investment portfolio. Be sure to share ......

    78

  • image

    COMMODITIES INSIGHT

    Public Group

    News and Views on the Commodities Markets...

    58

Groups 4
  • image

    8020 COMMUNITY

    Public Group

    Welcome to 80-20 Connect's (8020) community of members. In this group you will receive communi......

    1942

  • image

    EMERALD BAY ENERGY INC

    Private Group

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

    151

Companies Following (1)
  • image
    Investor Group
    Energy
    $
    0.00-

    EMERALD BAY ENERGY INC Active 2 days

    people 151 Members - Private

    Emerald Bay Energy is an emerging oil and gas producer headquartered in Calgary, Alberta, Canada with production properties in South Texas, USA and electrical power generation in central Alberta. ...

    Corporate Profile Press Releases

Companies Following (1)
  • image
    Investor Group
    Energy
    $
    0.00-

    EMERALD BAY ENERGY INC Active 2 days

    people 151 Members - Private

    Emerald Bay Energy is an emerging oil and gas producer headquartered in Calgary, Alberta, Canada with production properties in South Texas, USA and electrical power generation in central Alberta. ...

    Corporate Profile Press Releases

Recent Group Activity
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Mike Rice commented on corystinchcombe  update inEMERALD BAY ENERGY INC

27 days

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

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

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Mike Rice commented on Louis Paul  update inEMERALD BAY ENERGY INC

27 days

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

1 month

Louis Paul posted an update inEMERALD BAY ENERGY INC

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

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Mike Rice commented on Mark  update inEMERALD BAY ENERGY INC

27 days

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

28 days

Mark posted an update inEMERALD BAY ENERGY INC

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

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Mike Rice commented on mathieu_leblanc06  update inEMERALD BAY ENERGY INC

2 months

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

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

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Mike Rice commented on corystinchcombe  update inEMERALD BAY ENERGY INC

3 months

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

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

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Mike Rice commented on Ford Victoria  update inEMERALD BAY ENERGY INC

3 months

Hello Ford. Sorry for the delayed reply, I usually try to get to questions more quickly, but have been busy getting the Floyd wells underway. Details of the ownership interests of the Bauer lease and the wildcat/first well are still TBD, so I don't have any further information to provide on that at this point. One of the PRI rigs is currently at Wooden Horse working on our operations there, and the other well is in Taylor Ina working on PRI wells. Thanks, Mike
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Ford Victoria posted an update inEMERALD BAY ENERGY INC

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

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Mike Rice posted an update inEMERALD BAY ENERGY INC

3 months

Hello everyone. It has been a very busy week so far down here in Texas. Here's a picture I took just before we spudded Floyd 1 on our new lease an hour ago. Very exciting to get our first project underway with Hugo. Mike Rice CFO

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Mike Rice commented on Ford Victoria  update inEMERALD BAY ENERGY INC

3 months

Hello Ford. I think you may be missing the fact that as a Canadian Company, with offices, legal, accounting, audit, listing fees, etc. all being generated on the Canadian side you will see the discrepancy you are looking at. Rest assured, what Canadian assets we have are not a drain/drag on the Company. Hope this helps. Have a great day. Thanks, Mike Rice
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Ford Victoria posted an update inEMERALD BAY ENERGY INC

Thank you for your prompt answer, as Canadian operation I was referring to the info in page 20 incise 18. nd natural gas. Product segmentation is as follows: Revenue Oil Natural Gas NGL’s Total June 30, 2018 ($) 585,892 11,603 7,871 605,366 June 30, 2017 ($) ‐ 4,428 43 4,471 Geographical segmentation is as follows: Three months ended June 30, 2018 ($) Canada United States Total Petroleum and natural gas sales 20,924 284,445 305,369 Depletion, depreciation and impairment ‐ 27,339 27,339 Net loss 264,158 123,324 387,482 Property and equipment 35,677 6,569,939 6,605,616 Exploration and evaluation assets ‐ 3,071,938 3,071,938 Investment in Partnership ‐ ‐ ‐ Total liabilities 9,747,483 8,328,304 18,075,787 Sorry it does not show in the proper format when I try to paste. basically it shows that we have more net loss from Canada than the US, maybe you could bring some light to that. You guys are doing a great job with the PR, no complains about that, still I am sure there will be a way to bring some light to production numbers since I am not the only one and I appreciated you take my suggestions into consideration. Yes it is normal policy for companies not to discus or speculate about the share price but is also understood that at the end is what is important to investors and the health of the company itself saying that I think EBY should grow as a producing company in the coming months and also the share price with it. I am hopping we will get more good news any time now since we passed the average time lapse for news, hahaha lets bring a bit of humor. Thank you again.

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Mike Rice commented on Ford Victoria  update inEMERALD BAY ENERGY INC

3 months

Hello Ford. Thank you for your comments. I just saw them and thought I would get back to you right away as I have a few minutes this morning. I hope you can appreciate that we do not engage in discussions about "selling pressure" or any speculation in regards to the share price. Please refer to my last post here on 8020 in regards to our policy on discussing production rates. I will reiterate that we release all disclosure in the appropriate way and time frame. I appreciate the recommendations you have made and we will take them into account. We have been very proactive over the past year regarding the operations of the Company (releasing on average approx. 1 press release per week) and we will continue to keep our shareholders and the public informed as we move forward. I'm not quite sure what Canadian operations you are referring too. We sold our entire interest in the electricity generation project recently and used the proceeds to pay down debt. The only remaining operations we have in Canada are non-operated working and net profit interests in a few wells. Our focus is in Texas where will will continue to expand operations at the Wooden Horse (Kuhn wells), Nash Creek, Cottonwood Creek plays as well as developing new partnerships such as the one we recently announced with HugoCellR Ltd. where we can add cash flow and reserves at no cost to the Company. I assure you that we are moving forward on all front in Texas as rapidly as possible. I am confident that we will see the benefits of this strategy in the coming months and years. I'm not sure that I answered all of your concerns or questions. Please let me know if there is anything else I can help you with. Thank you, Mike Rice CFO
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Ford Victoria posted an update inEMERALD BAY ENERGY INC

Hello Since the last quarter results EBY share price is taking a beating mostly because the numbers are still far from braking even and it looks We might even touch .015 again selling pressure is strong. While we get PR from time to time when a well start production and what are they producing at the time there is no way to know for us share holders the average production nor even how many wells are producing even on a quarterly bases, there is nothing in the quarter results that says this well produced 1000 BB a quarter and the average was 11 BB a day, one PR that would be really appreciated is one informing how many wells in total are producing and what is the current production or daily or monthly or per quarter any will bring some light to investors (update in the website a good way to do it). Other big issue is the Canadian properties is the company trying to do anything with it?, I see it is a big drag in the financials from them, now that EBY has plenty of properties in Texas where is cheaper to produce and the product more valuable on the market why don't the company try to sell, lease, or find a partner to develop them, EBY will have no money for it in the foreseeable future. Any info, really appreciated.

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Mike Rice commented on mathieu_leblanc06  update inEMERALD BAY ENERGY INC

3 months

Hello Mathieu, thank you for your questions. Let me clarify things for you. Emerald Bay does not own any rigs. PRI owns 2 service rigs that Emerald Bay can use as Emerald Bay now owns 75% of PRI. This is very advantageous to Emerald Bay and one of the main reasons we increased our interest in PRI last year. PRI also has other service equipment including backhoes, water trucks, plugging units, etc. that Emerald Bay also can use now. HugoCellR does not own any rigs. Drilling plans for future wells at Wooden Horse, including wells on the Kuhn lease, will be released publicly when we have firm dates as always. Any plans with partners such as HugoCellR Ltd. are being done in parallel to our plans at Wooden Horse. We do not discuss production rates outside of our public dissemination. Let me just say that actual production numbers can lag behind testing data by several months for many reasons, so the impact of new wells are usually measured in subsequent quarters from when they first begin production testing. Thanks, Mike Rice CFO
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mathieu_leblanc06 posted an update inEMERALD BAY ENERGY INC

Hi Mike I got several question for you. Question #1 In end of April, the company close a private placement that show the drilling plan for the Kuhn 6. We now at the end of summer, what happen with the plan for Kuhn 6? Can you put an approximative date. Did the Hugo CellR parthnership Bypass the currently drilling plan with Kuhn 6. Question #2 How many rig the company have ? My research show that EBY have 1 rig, and on other one is available from PRI. Correct me im wrong but a third rig is now available from HugoCellR.. The last news release indicated that EBY secured a rig to consecutively drill two new wells on the F. Poenitz lease this September with Hugo. What is this the correct number of rig. Question #3 Is it possible to you to put production rate in a montly basic? I think its could drive trust in all investor right now. I will give you an exemple. In 21 mars news release show that the Kuhn 3 and 4 produce 700 barreles of oil per week without the acid stimulation. How is possible that the quaterly financial information show in date of 31 mars, the average sale is 37 BBLs/d, and this number go to 42 BBLs/d , one quater later in date of 30 June. Hope thoses questions could bring back confident from investor. Thanks

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