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  • EMERALD BAY ANNOUNCES PRIVATE PLACEMENT

    January 31, 2012

    Emerald Bay Energy Inc. today reported that the Corporation is proposing a Private Placement offering of up to maximum of 13,000,000 common shares ("Common Shares") of the Corporation » Read More

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  • EMERALD BAY ANNOUNCES DISPOSITION OF INTERESTS IN EDSON AREA PROPERTIES

    January 23, 2012

    Emerald Bay Energy Inc. is pleased to announce that it has accepted an offer on various interests in certain oil and gas properties situated in Edson, Alberta to an arm’s length party. » Read More

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  • Emerald Bay Cases Exploratory Oil Well in Texas

    January 10, 2012

    Emerald Bay has recently drilled and cased a prospective oil well in Guadalupe County, Texas. » Read More

News

March 17 2011

EMERALD BAY ANNOUNCES PRODUCTION AND LEASE ACQUISTION IN TEXAS

For Immediate Release: March 17, 2011

EMERALD BAY ANNOUNCES PRODUCTION AND LEASE ACQUISTION IN TEXAS

Calgary, Alberta, March 16, 2011 – Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Corporation") is pleased to announce that it has acquired 100% working interest in the Wilson “A” oil and gas lease situated in Medina County from Flinthill Energy Ltd., a private, Texas based oil company. The Corporation acquired its 100% working interest in the Wilson A lease for USD$42,625.

Information about the Acquisition

Under the terms of the purchase agreement, the Corporation will issue, subject to the final approval of the TSX Venture Exchange, 532,812 common shares (at $0.08 per share for aggregate proceeds of $42,625.00) of the Corporation.

The strategic 200 acre parcel has a 78% net revenue interest lease that is held by approximately 2 barrels a day of oil production. The lands directly offset wells recently drilled by the Corporation this past fall.

“The acquisition of Wilson A lease provides Emerald Bay with quality, low-risk oil assets for future development. The attraction to this particular tract was the proximity to our existing production and the upside of the undrilled, in-fill drilling locations", stated Shelby Beattie, President and CEO.

Emerald Bay Energy Inc., based in Calgary, is a junior oil and gas producer with production properties in Western Canada and South Texas. The common shares of Emerald Bay trade on the TSX Venture Exchange under the symbol "EBY". Please visit our website at http://www.emeraldbayenergy.com.

For further information, please contact:

Emerald Bay President, Shelby D. Beattie, by telephone at (403) 262-6000 or by email at (JavaScript must be enabled to view this email address),

or

CHF Investor Relations: Robin Cook, Senior Account Manager, (416) 868-1079 x228, (JavaScript must be enabled to view this email address). If you would like to receive press releases via email please contact (JavaScript must be enabled to view this email address). Please specify “Emerald Bay press releases” in the subject line.

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.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES