News
September 02 2009
EMERALD BAY CASES WELL AT ALLIANCE ALBERTA
For Immediate Release: Wednesday, September 2, 2009
EMERALD BAY CASES WELL AT ALLIANCE ALBERTA
Calgary, Alberta, September 2 – Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company”) is pleased to report on recent developments in East-Central Alberta.
ALLIANCE ALBERTA
Emerald Bay Energy Inc. recently drilled, cased, and cemented a development well at 8-25-40-13W4 in the Alliance area of east-central Alberta. The target was an upper Viking sand unit which is an oil and gas producing unit in this area with reported levels of production over 5 m3 of oil production and 3 e3m3 of gas in an immediate offsetting well. The Company’s 8-25 well encountered the same oil bearing sand within one metre elevation of the prognosis and showed upwards of 5 metres of significant oil staining in the cutting samples. The well was drilled through the entire Viking section and encountered a second lower Viking sand not present in the closest offset producer but which correlates closely with gas producing sands in adjacent sections. Gas detection data showed the presence of gas in both sand units and the electric logs clearly point to the presence of hydrocarbons in both the upper and lower sand units. Testing of this well will commence shortly on both Viking sand units. Two excellent gas shows were also seen in the Colorado Group and may be considered for future testing following the evaluation of both Viking sands.
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).
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", "plan", "intend", "anticipates", "projects", "potential" or similar expressions.. 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.
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. BOE’s may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Emerald Bay at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Emerald Bay that actual results achieved will be the same in whole or part as those indicated in the forward-looking statements. 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. In particular, forward-looking information in this news release includes, but is not limited to, statements with respect to: pipeline acquisitions and leasing; pipeline permits, pipeline construction, production estimates, drilling operations, completion operations, finding and development goals. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, level of activity, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. 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.

