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WKN: A1JEFH ISIN: CA2909291080 Ticker-Symbol: 8EB 
Berlin
18.10.19
14:19 Uhr
0,010 Euro
+0,003
+49,28 %
Branche
Öl/Gas
Aktienmarkt
Sonstige
1-Jahres-Chart
EMERALD BAY ENERGY INC Chart 1 Jahr
5-Tage-Chart
EMERALD BAY ENERGY INC 5-Tage-Chart
14.02.2019 | 13:20
(34 Leser)
(0 Bewertungen)

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / February 14, 2019 / Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the "Company" or "Emerald Bay") announced today that drilling of the wildcat test well has commenced at the Company's Bauer prospect in South Texas. The well was spudded at 4:36 Central Time yesterday afternoon, and it is anticipated that drilling operations will take up to two weeks.

Management has imposed "tight-hole" status on the well, whereby drilling data and geologic information will be kept confidential until such time that the Company has assessed the results and secured any additional mineral leases to enhance the prospect.

The Bauer wildcat test well is the first well drilled with the Company's partner Cotulla Energy Resources Ltd. ("Cotulla"). Under terms of the agreement, Cotulla will pay 100% of the costs of the well to earn a 75% interest. As managing partner and operator, Emerald Bay earns a 25% interest in the well at no cost to the Company. Furthermore, the Company looks forward to integrating the experience and expertise of the Cotulla partners in the drilling of the Bauer wildcat well, as well as our exploration strategy going forward.

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 and operates various working interests in the HugoCellR, Cotulla, 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.



View source version on accesswire.com:
https://www.accesswire.com/535281/Emerald-Bay-Energy-Spuds-Bauer-Prospect-Wildcat-Well


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