News
November 04 2008
Emerald Bay Cases Wells at Joffre and Lacombe, Alberta
For Immediate Release: Tuesday, November 4, 2008Calgary, Alberta, November 4, 2008 – Emerald Bay Energy Inc. (TSX Venture: EBY) (“Emerald Bay” or the “Company”) today reported on recent drilling activities in Central Alberta.
JOFFRE, ALBERTA
At Joffre, the Company has drilled, cased and cemented its previously announced, 650 metre Horseshoe Canyon CBM well at Township 39, Range 25 W4. Cased-hole logging, perforation, stimulation, and testing operations are expected to begin within the next three weeks.
LACOMBE, ALBERTA
At Lacombe, Township 39, Range 25 W4, the Company has drilled, cased, and cemented another Horseshoe Canyon CBM well to a depth of approximately 650 metres. This is the second well drilled at Lacombe where the Company owns a 10.5% working interest. Completion operations will coincide with the Joffre work schedule to minimize completion costs.
Commenting on recent activities, Shelby Beattie, President of Emerald Bay, said: “Q4 2008 looks to be our most-active drilling quarter in the Company’s history. Lacombe is another in-fill, low risk location that meets our development profile for the remainder of 2008 and early 2009.”
ABOUT EMERALD BAY
Emerald Bay Energy Inc., based in Calgary, is a junior oil and gas producer with production properties in Western Canada. 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:
Catarina Cerqueira, Associate Account Manager, (416) 868-1079 x251, (JavaScript must be enabled to view this email address)
Christopher Haldane, Account Manager, (416) 868-1079 x237, (JavaScript must be enabled to view this email address)
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The TSX Venture Exchange has neither approved nor disapproved the information contained herein. BOEs and BOEPD may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
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 forward-looking 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.
Forwardlooking 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.



