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January 2019


Emerald Bay Energy Begins Pumping Floyd 1 and Floyd 2 Wells


By Emerald Bay Energy Inc.

CALGARY, AB AND SAN ANTONIO, TX / ACCESSWIRE / January 17, 2019 / Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the “Company” or “Emerald Bay”) is pleased to report that pumping operations commenced today on the Floyd 1 and Floyd 2 wells at the Company’s F. Poentiz lease near LaVernia, Texas. The wells were fracture stimulated on December 28th and 29th, and the pump jacks were installed earlier this week. The Floyd wells are completed in the Navarro formation at approximately 1000′ deep, and the lease has an additional 14-18 drilling locations for future development.

Floyd 1 and Floyd 2 are the first two wells drilled in partnership with HugoCellR Ltd., whereby HugoCellR pays 100% of the costs to drill the wells to earn a 75% interest. As the operating partner, Emerald Bay earns a 25% interest in the wells at no cost to the Company. Partnerships like the HugoCellR Ltd. partnership represent a unique opportunity to grow at no risk or cost to the Company.

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.

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Emerald Bay President, Shelby D. Beattie, by telephone at (403) 262-6000

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.

ReleaseID: 532966