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Mike Rice

active 5 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 5 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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Mike Rice

active 5 days ago

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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 5 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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    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......

    137

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

5 days

...

That is correct Louis Paul.keyboard_arrow_downShow Post

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Thumb 8020 monitor 200 200  png

8020 Admin

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

5 days

...

If you have any additional questions, please let me know Louis. Mike Rice CFOkeyboard_arrow_downShow Post

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8020 Admin

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

5 days

...

Hello Louis, I thought I had answered you previously on this. My apologies. Your assumption is correct. A 50% working interest means that we pay 50% of costs and receive 50% of the revenue net of royalties. To clarify when oil companies lease mineral rights there are royalties that are the first thing paid. A typical lease for us in Texas is 70-80%, meaning that 20-30% is paid in royalties to the lessor and the balance is what we get. keyboard_arrow_downShow Post

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8020 Admin

17 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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Mike Rice

23 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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Mike Rice posted an update in EMERALD BAY ENERGY INC

1 month

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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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.

Thumb image1

https://youtu.be/duToyzpZqos

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Mike Rice posted an update in EMERALD BAY ENERGY INC

2 months

Good morning Emerald Bay shareholders and interested investors. I've had several comments and questions about the resolution to approve a possible share consolidation in our recently mailed out Information Circular. Consistent with our last few Information Circulars we have put this resolution in so that approval would be in place if necessary. As I stated at last years AGM, the Company has no plans now, or in the foreseeable future, to do a consolidation. If you have any further questions regarding this, please feel free to ask. Thanks, Mike Rice CFO

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

2 months

...

Good Morning Emerald Bay Investor Group. After meeting with our technical team to review the Kuhn A5 drilling results we were very excited to get the news out about our completion and testing plans for the well. It was a surprise to see the Buda in this well. Our geologist, Andy Alff is quite excited about the oil content in the Buda samples and he is also excited about how highly fractured the Buda samples are. Andy and our geophysicist, Phil Lakin, chose this location as an Austin Chalk target and the oil shows we saw during drilling were confirmed by the logs….exactly what we hoped for so far. There is the potential here for a well were we would commingle the two producing formations or we might drill an offset well to produce both formations independently if they are both very productive. As soon as testing begins we will provide further updates. Mike Rice CFO keyboard_arrow_downShow Post

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8020 Admin

2 months

8020 Admin  posted an update in EMERALD BAY ENERGY INC

May 31, 2018

Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the Company’s technical team has completed their evaluation of the recently drilled Kuhn A5 well.  During the review process, good oil content was identified in the Buda formation samples that were highly fractured. Additionally, the logs confirmed the significant oil shows in two intervals of the Austin Chalk formation that were observed during drilling operations.  The Company is now scheduling services to perforate and acidize a 5 foot interval of the Buda and test the well for three days to determine flow rates.  After testing the Buda, the Company will move up hole to test a 7 foot interval in the upper Austin Chalk formation for three days.  Once testing operations are completed, the Company will put facilities in place to begin production.  Further information about testing and initial production results will be forthcoming when available.

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil and natural gas interests in Central Alberta, Canada.  EBY is the 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.

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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.


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

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