EMERALD BAY ENERGY SELLS 165 BARRELS OF OIL FROM POENITZ-1
Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the “Company” or “Emerald Bay”) is pleased to announce that the Company has sold 165 barrels of oil from the Poenitz-1 well at the Company’s Cottonwood Creek project in Southwest Texas. The Poenitz lease currently has one well producing from the Navarro formation. The Company is in discussions with a potential partner to drill up to 10 additional Navarro and Austin Chalk wells on the 100 acre Poenitz lease, with the option to acquire 50 offset acres for additional drilling.
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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