Emerald Bay Energy Reports on Kuhn 4 and Kuhn 3 Wells
Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to provide the following update on the Kuhn 4 and Kuhn 3 wells at the Company’s Wooden Horse project in Southwest Texas.
With the recent successful results in drilling and testing the Kuhn A5 well, the Company has begun moving forward with the following operations:
- Kuhn 4 was re-entered and perforated in the Austin Chalk formation earlier this week, and then stimulated with acid. The well is currently flowing unassisted and over the past 48 hours the well and has produced over 300 bbls of fluid. Our technical team estimates that the well will produce approximately 1200 bbls per day of total fluid with a 10% oil cut. The existing pumpjack is now being replaced with an Electric Submersible Pump (ESP) to increase flow rates.
- Kuhn 3 will now be re-entered and stimulated with acid as the well has been producing unstimulated to date. We will then deploy an ESP in Kuhn 3 to increase the flow rates. As Kuhn 3 is 40 feet high to Kuhn 4 our technical team anticipates similar, if not better results to Kuhn 4.
The Kuhn A5, Kuhn 4, and Kuhn 3 wells confirm the Austin Chalk as the primary target at Wooden Horse and the Buda formation will be developed after depleting the Austin Chalk
Commented Shelby D. Beattie, President and CEO, “Having invested over $1,000,000 in our production facilities, including our salt water disposal well, we have the capability to produce high fluid volume wells as we move forward with our development of the Wooden Horse property.”
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 and natural gas 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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For further information, please contact: Emerald Bay President, Shelby D. Beattie, (403) 262-6000, firstname.lastname@example.org, www.ebyinc.com
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