News
May 07 2009
EMERALD BAY CASES OIL WELL IN MEDINA COUNTY TEXAS
For Immediate Release: Wednesday, May 7, 2009
EMERALD BAY CASES OIL WELL IN MEDINA COUNTY TEXAS
Calgary, Alberta, May 7th – Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company”) is pleased to report on recent drilling activities in South Texas.
MEDINA COUNTY, TEXAS
The Company has drilled, cased and cemented its previously announced well, Oscar C 3EB. The Company is encouraged by the oil shows during drilling operations, and the open-hole logs. Multiple prospective pay zones have been identified, including the Escondido, Olmos, and Anacacho. Perforation, stimulation, and testing operations are expected to begin within the next two weeks. Emerald Bay is the operator and a 50% working interest participant.
“We have always been very confident that the Oscar C lease had good Olmos oil production based on offset production. Now, based on the good oil shows and logs, the Escondido and Anacacho zones have the potential to provide some additional upside to this low-risk development in South Texas,” 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.
-30-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:
Catarina Cerqueira, Associate Account Manager, (416) 868-1079 x251, (JavaScript must be enabled to view this email address)
Robin Cook, Senior Account Manager, (416) 868-1079 x228, (JavaScript must be enabled to view this email address).
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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.
Forward-Looking Statements This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forwardlooking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a well is actually developed. Forward-looking statements in this document include statements regarding the Company’s exploration, drilling and development plans, the Company’s expectations regarding the timing and success of such programs. Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in the prices of oil and gas, uncertainties inherent in estimating quantities of oil and gas reserves and projecting future rates of production and timing of development activities, competition, operating risks, acquisition risks, liquidity and capital requirements, the effects of governmental regulation, adverse changes in the market for the Company's oil and gas production, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the applicable securities regulators.



