EMERALD BAY ENERGY ACQUIRES 50 ACRE POENITZ LEASE FOR HUGOCELLR PARTNERSHIP
Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce that the Company has acquired the 50 acre F. Poenitz mineral lease near LaVernia Texas for the new well development program with HugoCellR, LTD. (“Hugo”). The lease has 16-20 potential drilling locations with targets in the Navarro, Olmos, Pecan Gap, and Austin Chalk formations.
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, Nash Creek, and Cottonwood Creek Projects in Guadalupe County, 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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