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Mike Rice

active 5 hours ago

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Company Associations
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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 hours 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)
  • 8020 COMMUNITY

    Public Group

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

    1780

  • EMERALD BAY ENERGY INC

    Private Group

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

    146

  • 8020 CAPITAL DAILY

    Public Group

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

    74

  • COMMODITIES INSIGHT

    Public Group

    News and Views on the Commodities Markets...

    56

Groups 4
  • image

    8020 COMMUNITY

    Public Group

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

    1780

  • image

    EMERALD BAY ENERGY INC

    Private Group

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

    146

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

    EMERALD BAY ENERGY INC Active 2 hours

    people 146 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 hours

    people 146 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 5 hours ago

  • remove_red_eye12 Profile views
  • tag_faces5
  • supervisor_account7 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.

Thumb 10389189 1001055793243166 6457888455133848488 n

@MIKE RICE

active 5 hours 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)
  • 8020 COMMUNITY

    Public Group

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

    1780

  • EMERALD BAY ENERGY INC

    Private Group

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

    146

  • 8020 CAPITAL DAILY

    Public Group

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

    74

  • COMMODITIES INSIGHT

    Public Group

    News and Views on the Commodities Markets...

    56

Groups 4
  • image

    8020 COMMUNITY

    Public Group

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

    1780

  • image

    EMERALD BAY ENERGY INC

    Private Group

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

    146

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

    EMERALD BAY ENERGY INC Active 2 hours

    people 146 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 hours

    people 146 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

5 hours

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

5 days

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

5 days

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

14 days

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

14 days

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

19 days

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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Mike Rice commented on patfest  update inEMERALD BAY ENERGY INC

27 days

Hello Pat. These are questions that are impossible for me to answer. While I have my own thoughts/opinion it would be best for you to direct these type of questions to your broker or directly to the TSX. Thanks, Mike Rice CFO
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patfest

27 days

patfest posted an update inEMERALD BAY ENERGY INC

Hello Mike. I've got a question I'm not sure you can answer, but here goes. You've been putting out great news, the share price responds accordingly, and then, TD Securities or TD clients will often cross-trade it down a half cent and kill the momentum and the gains. Yesterday, for example, TD7 traded the EBY share price down to .02 cents. Yet it seems no one but TD7 can buy shares at .02 cents. Is this stock being manipulated? Is this a question for securities regulators perhaps?

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Mike Rice posted an update inEMERALD BAY ENERGY INC

28 days

Hi all, I have been asked by a couple of our shareholders recently why it is that when they have purchased shares that it doesn’t show on the TSX-V volume. This is because there is an “Alternative Market” of other trading platforms. This is part of the “best fill” rules, and as such your purchases sometimes automatically go to an alternative trading platform for the purchase. These other platforms include Aequitas NEO Exchange, Pure, ChiX, Alpha, TriAct and CX2. I will tell you that you can see these trades, on the stockwatch.com site, by simply entering the symbol EBY. Today for example the shares that have traded 690,200 shares as of 1:10 PM. I hope that this helps answer this question to all. Mike Rice - CFO

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Mike Rice commented on Ford Victoria  update inEMERALD BAY ENERGY INC

1 month

Good morning Ford Victoria, Thank you for your post, continued interest and questions concerning your investment in EBY. We are indeed doing more to market the company to the investment community than ever before. We speak regularly and meet in person with numerous retail investment advisors that have been supporting the company over the past couple of years. EBY has also recently revamped our website completely and made it much easier to navigate and are keeping it current with new on ground developments, for the investment community to access as they wish. Our group on 8020 Connect, is our way to communicate directly with our valued shareholders and interested investors and the group is growing daily. I would encourage you and all other 8020 / EBY group members to invite people to learn about EBY and also be able to ask questions of management so that they can be informed about our progress simply by coming to the group at their discretion. Additionally, we have started an active GoogleAds marketing campaign in Canada and the USA, to bring the EBY story to the largest amount of investment industry representatives as we can, as recommended to us by our PR Marketing experts. In this regard we will continue to market our field work and success to the largest audience we can, and intend to even do more as we get into fall when the investment community is back to work from summer vacation season. As far as management investment, we have two very close business associates that work with us and have been very supportive of EBY over the past several years. Although the direct shareholdings of management is not massive, it is also not small either. The amount of shares held between management and these close business associates of ours represents over 50% of the issued and outstanding share capital, and that is and should give confidence to our shareholders. Although these people are not in direct management they are partners in many of our well drilling programs and land holdings, as per the many news releases we have disseminated. I hope this helps you understand that we are actually doing more than people may realize and will continue to bring EBY to the attention of as many professionals in the investment community as we can over the next weeks and months. Thank you, Mike Rice CFO
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Ford Victoria posted an update inEMERALD BAY ENERGY INC

Hello EBY management, I got one question, what is being done to make the stock price appreciate?, guys for the last several months you have been doing a great job informing us about the development and work done on site, increase of producing wells and there for production, however the stock is failing to gain any traction, the same way I bought into the story and now controlling over 5 million shares institutions, private investors other companies would invest and buy EBY stock with the proper approach and presentation, We are also really lacking management investment into the company, Last time I check I own more shares that all directors combine and I am a really small investor, there many things management can do to protect EBY stock from being manipulated as it is been for a long time now, we have almost no volume, when we get volume is downwards and mainly cross trades. It is wild in the TSXV but if management is to protect value for all investors I think we need to do a bit more on investors awareness side so maybe we can go hand in hand with the progress you guys are making on the field. Thank you for your hard work, have no doubt one of the reasons I am here is because I find you are great at what you do.

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Mike Rice posted an update inEMERALD BAY ENERGY INC

2 months

It's really exciting to have Kuhn A5 producing. I've been on location for the past week. Here is a picture I took right after the well started pumping. Mike Rice CFO

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