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  • EMERALD BAY ANNOUNCES ACQUISTION OF 50% INTEREST IN TEXAS BASED OIL PRODUCER

    March 04, 2010

    March 4, 2010 – Emerald Bay Energy Inc. is pleased to announce that it and a private partner have acquired 100% of the issued and outstanding securities of Production Resources Inc. » Read More

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  • EMERALD BAY ANNOUNCES CHANGE TO BOARD OF DIRECTORS

    March 02, 2010

    Emerald Bay Energy Inc. (TSX Venture: EBY) today reported that Mr. Kendall Dilling has been appointed to the Corporation’s Board of Directors and as a member of the Corporation’s audit committee. » Read More

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  • EMERALD BAY ANNOUNCES PIPELINE CONSTRUCTION OPERATIONS UNDERWAY AT GILBY AND FERRYBANK ALBERTA

    December 17, 2009

    Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Company") is pleased to report on recent tie-in activities of eight wells in Alberta. » Read More

News

April 21 2009

EMERALD BAY INCREASES RESERVES 44% IN 2008; SOUTH TEXAS DRILLING AND ALBERTA TIE-INS PROCEED

For Immediate Release: Tuesday, April 21, 2009

EMERALD BAY INCREASES RESERVES 44% IN 2008; SOUTH TEXAS DRILLING AND ALBERTA TIE-INS PROCEED

Calgary, Alberta, April 21 – Emerald Bay Energy Inc. (TSX Venture: EBY) is pleased to report Company reserves at year end 2008 and current activities.

INCREASE IN COMPANY RESERVES

Emerald Bay announces the following results of the recently completed independent reserves assessment and evaluation of the Company’s Canadian Oil and Gas properties by GLJ Petroleum Consultants Ltd. At year end 2008, total proved plus probable reserves increased 44% over the previous year to 611 thousand boe from 425 thousand boe, and the net present value of proved plus probable reserves (before tax, discounted at 10%) increased 43% to $11.209 million as at December 31, 2008, from $7.818 million as at December 31, 2007. Reserve Life Index increased 35% to 10.4 years from the 7.7 years reported in 2007.

CURRENT PRODUCTION LEVEL

The Company is currently producing approximately 180 boepd, with “behind-pipe” potential of 100+ boepd in eight wells that are in various stages of completion and tie-in.

”As we continue our tie-in efforts in Alberta we are now beginning to see the impact of our recent drilling success. These efforts will carry on with eight additional wells to be put into production this spring and early summer. Equally gratifying is the reserve report that confirms the Company’s growth in high value, long life production assets in 2008,” stated Shelby Beattie, President and CEO.

SOUTH TEXAS

Emerald Bay has begun drilling operations on Oscar Schmidt C 3EB. It will be drilled to an approximate depth of 1,200 feet. Formations of interest that have oil production potential are the Escondido, Olmos, and Anacacho. Emerald Bay will be the operator of this property and has a 50% working interest in the test well.

CENTRAL ALBERTA

The Company recently completed its pipeline construction and tie-in operations for the wells recently drilled at Dorenlee and Kelsey Alberta. The Kelsey and Dorenlee wells are currently flowing natural gas at a combined rate of approximately 477 Thousand cubic feet per day. These recent tie-ins provide an additional 23 boepd (net) to the Company’s daily production. The Company expects this rate to increase over the coming weeks as facilities are optimized at Kelsey. After the spring break-up, when road bans are lifted, the Company will continue pipeline construction operations at the Joffre, Chigwell, Lacombe, and Gilby areas of Alberta.

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.

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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). 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.

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. 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.