EMERALD BAY BEGINS DRILLING OPERATIONS AT KUHN 4
Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that drilling operations have commenced on the Kuhn 4 well at the Company’s Wooden Horse play in South Texas. Using the Company’s seismic data as well as well control from recent drilling activity in the area, including the recently drilled Kuhn 3 well, the Company will offset the previously producing Kuhn 1C well. The Company will drill the well to the upper Edwards formation and it is anticipated that the possible productive zones include the Austin Chalk, Buda, Georgetown and Edwards formations. Drilling to total depth will take approximately 5 days at which point the Company will assess the commercial viability of the well.
“We are very pleased with recent developments at Wooden Horse. Using the 3D seismic program that we have continued to refine over the past year, along with additional well control that we now have from recent drilling activity in the area, we have never been more confident about the potential at Wooden Horse. A lot of work and a lot of expertise has gone into selecting the location for this well and we feel that Kuhn 4 may be the start of exciting things to come at Wooden Horse”, stated Shelby Beattie, CEO of Emerald Bay.
As per our new release dated June 28th, 2017, this will be our first well being drilled under the new working interest of 50% to Emerald Bay Energy.
ABOUT EMERALD BAY
Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil, natural gas, and electricity generation interests in Central Alberta, Canada. EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadeloupe, Texas, where the Company currently now owns a 50.00% working interest in those projects. The Company also owns 75% of Production Resources Inc., a South Texas oil company.
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