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Mike Rice

active 3 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 3 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 CANADA

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    EMERALD BAY ENERGY INC

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    EnergyNow.ca

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    8020 COMMUNITY CANADA

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    Welcome to 8020 community of members Canada. In this group you will receive communication about......

    2053

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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......

    161

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    EMERALD BAY ENERGY INC Active 3 days

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    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. ...

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    EMERALD BAY ENERGY INC Active 3 days

    people 161 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 3 days ago

  • remove_red_eye19 Profile views
  • tag_faces11
  • supervisor_account8 Connections
  • description51 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 3 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 (6)
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    8020 COMMUNITY CANADA

    Public Group

    Welcome to 8020 community of members Canada. In this group you will receive communication about......

    2053

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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......

    161

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    8020 CAPITAL DAILY

    Public Group

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

    84

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    COMMODITIES INSIGHT

    Public Group

    News and Views on the Commodities Markets...

    66

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    EnergyNow.ca

    Public Group

    EnergyNow.ca is Canada’s #1 daily online news and data media service dedicated to providing essen......

    63

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    Datametrex AI Limited

    Public Group

    Datametrex AI Limited is a technology focused company with exposure to: Artificial Intelligence a......

    347

Groups 6
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    8020 COMMUNITY CANADA

    Public Group

    Welcome to 8020 community of members Canada. In this group you will receive communication about......

    2053

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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......

    161

Companies Following (1)
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    Investor Group
    Energy
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    EMERALD BAY ENERGY INC Active 3 days

    people 161 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
    Energy
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    EMERALD BAY ENERGY INC Active 3 days

    people 161 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 bluenoser.kd1964  update in EMERALD BAY ENERGY INC

8 days

Hello Bluenoser. I'm not sure I understand your concerns, and I think some of your comments might be misleading to some. The Floyd, Bauer, and Isabella projects that we took to Hugo and Cotulla ARE OUR PROJECTS. These are projects that WE DEVELOPED and brought Hugo and Cotulla into just as we brought partners into our Wooden Horse (Kuhn wells) project, the PRI project, etc. In no way is Wooden Horse, or any other of our projects, dead... as I have stated in numerous updates in the past several weeks here on 8020, and more updates will come on Wooden Horse as the electrical upgrades are nearing completion,etc. I have NO IDEA what you mean by "stand alone projects" ... please clarify as we have partners in EVERY project that we have. The fact that the management team and our technical team has been focusing on OUR Bauer prospect and OUR Isabella re-entry well should make you, and all EBY investors very excited about the potential of EBY given the high impact nature of these plays. The fact that we have brought new, proactive, partners in to risk THEIR capital to prove up OUR plays, whereby we earn an interest in the wells at NO COST OR RISK to the Company should add exponentially to your excitement. This is how WE earn a carried working interest (whatever that may be) in the projects that WE generate and develop and then execute the drilling and completion programs. To that end, and to be clear....ALL projects are moving forward! ALL disclosure will be disseminated when it is appropriate! I, personally, have never been more excited about the current status and future opportunities of EBY. I hope you will be too. Understand that EBY is in the exploration stages of these projects and I would stack our disclosure and processes up against anyone. Until the time comes that EBY has cash flow to develop "stand alone projects" this is how it is done and I couldn't be more excited about our new partnership with Cotulla. I truly don't know what else to say. Stay tuned. Mike
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bluenoser.kd1964 posted an update in EMERALD BAY ENERGY INC

Good afternoon Mike ..... interesting news announced today but I am more than a little concerned about all the fanfare that EBY seemingly in giving Cotulla on it's accomplishments and again nothing about EBY's stand alone projects. Are they dead ? .... were they all failures ? Yes .... the deal (s) that where struck with Cotulla are definitely a feather or two in our cap BUT what about all the seemingly unfinished projects that we started without Cotulla's help ? Mike ... we are WELL past the time ( and patience ) on receiving news on that front. We need answers on those projects ASAP !! Today's announcment should be a sidebar to EBY's growth ... not the main attraction. Quite frankly the next number of announcements need to be about what EBY has achieved .... without one word about Cotulla ... PERIOD !!! As you can tell by the tone of this email .... my patience are running very thin with all of this. I invested in EBY to yes ... make some money but also because I thought it would be really cool to be part of the beginnings of a new company. Did I .... and the rest of EBY's investors make a mistake here ? The time has come for detailed updates on what EBY is doing with it's own projects .... unless EBY has become a subsidiary of Cotulla. We want answers !!!

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Mike Rice commented on corystinchcombe  update in EMERALD BAY ENERGY INC

10 days

Hello Louis Paul. The partnership consists of Hugo and two of associates as the principals of the Company and there may be other investors in the future as well. Neither Emerald Bay nor our management team are investors in Cotulla. We are excited about our association with Cotulla because these associates of Hugo bring specific experience in South Texas counties and reservoirs that really compliment our current exploration strategy. Mike
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corystinchcombe posted an update in EMERALD BAY ENERGY INC

So really does this mean? Cause it sounds like hugocellR just walked away with Isabella II and the Wildcat Wells after wasting our time for the past 6 months. And know they will be using up PRI equipment. So where does this leave us? How does this benefit your investors?

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Mike Rice commented on corystinchcombe  update in EMERALD BAY ENERGY INC

11 days

No problem Cory. This is one of the reasons I am excited that we have 8020, so that we can communicate with our shareholders in a quick and concise manner. Take care and stay tuned. Mike
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corystinchcombe posted an update in EMERALD BAY ENERGY INC

So really does this mean? Cause it sounds like hugocellR just walked away with Isabella II and the Wildcat Wells after wasting our time for the past 6 months. And know they will be using up PRI equipment. So where does this leave us? How does this benefit your investors?

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Mike Rice commented on corystinchcombe  update in EMERALD BAY ENERGY INC

11 days

Hello Cory. I'm not sure how you interpreted the press release to conclude that it meant that Hugo had walked away from Isabella and the Wildcat well. It is quite the opposite. The purpose of the news release was to inform the public that Hugo is in the process of assigning their interests in our projects into a new partnership that he is forming, and that entity, Cotulla, will be our partner going forward on these two projects, not HugoCellR, Ltd. To clarify, over the past several months Hugo has become increasingly interested in oil and gas projects including the Emerald Bay projects he is participating in. To that end he is forming a partnership with several of his business associates that have extensive oil & gas backgrounds. Their entity will be called Cotulla Energy Resources Ltd. As the press release states, HugoCellR is putting their interest in the upcoming Isabella and Bauer projects into Cotulla. As the press release also states, Cotulla will be doing their own projects, the first of which is a 3 well acquisition that Cotulla has engaged our subsidiary PRI to operate. Finally, the press release also states that the two entities, EBY and Cotula, will be working together in the future to identify new projects. I cannot overstate our enthusiasm about the direction that our partnership with Hugo (now Cotulla) is headed.
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corystinchcombe posted an update in EMERALD BAY ENERGY INC

So really does this mean? Cause it sounds like hugocellR just walked away with Isabella II and the Wildcat Wells after wasting our time for the past 6 months. And know they will be using up PRI equipment. So where does this leave us? How does this benefit your investors?

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Mike Rice commented on Ford Victoria  update in EMERALD BAY ENERGY INC

14 days

Good morning Fernando, Mark, et al. No need to apologize for your sentiment. It is understandable. While we cannot address every person's expectations it is clear that we have not met many of yours in recent months. As you pointed out above we have anticipated being further along on several projects at this point. As I've pointed out recently, we are moving forward and making progress on all projects. There really isn't a point to walk through the current status of each project as anything short of completion and results will be viewed (understandably so) as excuses and Mark has already pointed this out. I encourage you to be a little more patient, projects will progress and get completed in the coming days and weeks. Hopefully we will have the results we are looking for and then your patience will be rewarded. Thanks again for your ongoing support and feel free to contact me any time. Mike Rice CFO (403) 262-6000
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Ford Victoria posted an update in EMERALD BAY ENERGY INC

Hello Mike There is anything you can tell us about the progress or unprogressive of the Kuhn wells?, to me these are the flags wells of EBY, the ones that really can produce a lot of oil and soon they will be one year behind production schedule, still no movements on the electric upgrade ?. Last December this was mentioned in a PR. We anticipate that the electrical upgrades will be completed in December (We are into February and no news about it) What about an update in the average production on the Floyd wells, I am assuming these are low production wells but it is good to know anyways. Any advancement in the Isabella property? . With the rig secured, the wellbore will be deepened to the base of the Buda formation at 8,200 feet, and both the Eagle Ford and Buda formations will be tested in December. Many weeks after that we have no news or updates. Is there any news about the wild cat well?, any rig on site? This was supposed to be drilled early to mid-January. The Company will pursue acquisitions and dispositions which would allow us to add production, reserves, and cash flow in a cost effective manner while maintaining a level of flexibility in our balance sheet. I hope there is nothing else added to EBY looking at the inability of the company to actually develop the projects it already has. Overall is sad to see there is no a single event, project that EBY gets in that goes to completion on schedule and without problems and setbacks, I hope there will be 180 degree change in how things are happening so far, Many investors are not happy with the overall progress of the company and it shows in our share price stalled at a year low without any excitement to even have a hiccup. It is nice to see the PP it did go through but regardless of who bought into it is dilution to the share structure of the company. I hope this was the last one and the company reach profitability so there is no need to print more shares. Sorry if my questions and comments are not cheerful is the sentiment I have for our lack of progress, Have a great day and looking forward to your answer.

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

17 days

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Good morning Stephen. Yes, it is very positive. Clarence is Emerald Bay's largest shareholder and his continuing support is very important to all of us. Mark, I'm not sure you have a question, but your speculation about Clarence's intent is inaccurate. If you do have any questions about his participation and involvement in Emerald Bay I would be happy to arrange an introduction or I'm happy to answer any questions you may have. As far as the structure of our debt, if you are not aware, the majority of the Company's debt was taken on (through friendly lenders) to increase our ownership interest in various projects in Texas including Production Resources Inc. These projects do generate some cashflow at this time and as we explore and develop them further over the coming months and years we are confident that we will be able to service this debt and generate a solid return on our investment. keyboard_arrow_downShow Post

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8020 Admin

18 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

CALGARY, AB / ACCESSWIRE / February 4, 2019 / Further to the press release dated May 29, 2018, Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the "Corporation", the "Company" or "Emerald Bay") is pleased to announce that it has received final approval from the TSX Venture Exchange and has settled all amounts owing in connection with two separate loan/credit arrangements previously provided to the Corporation by Hillcrest Investments Ltd., a company controlled by Clarence Wagenaar (who currently controls, directly and indirectly, 10.43% of the outstanding common shares of the Corporation) via the issuance of an aggregate of 18,493,178 common shares of the Corporation at a price of $0.05 per share. The aggregate debt amounts settled is equal to $924,658.90, being the aggregate balance of the principal amounts owing on the two separate loan/credit arrangements between the parties plus all applicable interest. Mr. Wagenaar controls, directly and indirectly, an aggregate 31,537,000 common shares of the Corporation, or 10.43% of the outstanding common shares of the Corporation.


All of the foregoing common shares are subject to a statutory four-month hold period in accordance with applicable securities laws.


The settlement of the debt with Mr. Wagenaar's company may be considered a "Related Party Transactions" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions, however the Corporation will rely upon available exemptions from the minority shareholder approval and valuation requirements set forth in that Instrument (the fair market value of this transaction/consideration received/debt amount is less than 25% of the Corporation's market capitalization (exemptions found in sections 5.5(a) and 5.7(1)(a) of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions)). The actions disclosed herein were approved by the board of directors of Emerald Bay via written resolution, signed and approved by all directors.


About Emerald Bay


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


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


For further information, please contact:


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


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


SOURCE: Emerald Bay Energy Inc.

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

17 days

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Hi Alex. Yes, you are correct and I'm not sure why the TSX took so long. We submitted our form 4E and paid the applicable fees many months ago. Maybe it is just their process that takes this long or perhaps it was overlooked for a period of time. In any case it is now finalized. Thanks, Mike Rice CFOkeyboard_arrow_downShow Post

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8020 Admin

18 days

8020 Admin  posted an update in EMERALD BAY ENERGY INC

CALGARY, AB / ACCESSWIRE / February 4, 2019 / Further to the press releases dated May 29, 2018 and February 4, 2019 (collectively, the "Press Releases"), Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the "Corporation", the "Company" or "Emerald Bay") wishes to announce Clarence Wagenaar, after the issuance of the 18,493,178 common shares of the Corporation announced in the Press Releases, controls, directly and indirectly, an aggregate 50,030,178 common shares of the Corporation, or 15.6% of the outstanding common shares of the Corporation.


About Emerald Bay


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


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


http://bit.ly/8020EBY


For further information, please contact:


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


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


SOURCE: Emerald Bay Energy Inc.

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Mike Rice commented on corystinchcombe  update in EMERALD BAY ENERGY INC

28 days

Hello Cory. As you are aware, the Isabella 2 re-entry, the Kuhn wells electrical upgrade, and the Bauer prospect wildcat well are the Company's primary focus at this time, and all three projects are well underway and moving forward as we speak. We have made a lot of progress on all fronts over the past few weeks, and rest assured that all three projects will be completed in Q1. As soon as we have material information to disclose (which could come at any time now) we will do so. I'm not sure if you saw our press release regarding the closing of the Private Placement? We were very excited to get the support of our business associates to fully close the Private Placement quickly. The Private Placement press release outlines some of the additional plans we are moving forward with in coming months. Furthermore, we continually work with our partners, including HugoCellr to identify new opportunities. I hope that answers your questions. If there is any other way I can help please let me know and feel free to contact me directly if you wish. Mike Rice CFO
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corystinchcombe posted an update in EMERALD BAY ENERGY INC

Hello Mike.. So what can you tell us about Isabella 2 and how it is coming along? Along with the Kuhn wells? It's been a while since we've heard anything about their progress... Any other plans coming down the pipe?

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Mike Rice posted an update in EMERALD BAY ENERGY INC

29 days

Good afternoon Emerald Bay Investors. I receive calls from time to time about trading volume, and I received one today. Today is a good example of how you may not be aware of the traded volume if you only view the trades that went through on the TSXV. Over the past year EBY has traded over 100,000,000 shares on these "alternative markets". I don't want to get into why they exist, if they are good or bad, etc., but I just wanted to point out today that you can keep informed as to the total volume traded by looking it up on Stockwatch and perhaps other such websites.

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Mike Rice

1 month

Mike Rice has joined EnergyNow.ca

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