Emerald Bay Energy Purchases Oil Well Cementing Equipment
Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the “Company” or “Emerald Bay”) is pleased to announce that the Company has purchased a cement pumping rig and a cement bulk rig on behalf of the Company’s subsidiary Production Resources Inc. (“PRI”). The Rigs will be used to cement and plug shallow wells in South Texas.
Commented Shelby D. Beattie, President and CEO, “We are very excited to have acquired the cementing equipment at such an important time in the growth of the Company. Cementing and plugging wells has become very expensive in recent years. Having our own cement rigs will give PRI the ability to cement our wells and gives the Company a significant advantage over our competition.”
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 operating partner of the Wooden Horse, Nash Creek, and Cottonwood Creek Projects in Guadelupe County, Texas, where the Company currently now owns a 50.00% working interest in those projects. Additionally, the Company owns various working interests in the MarPat and HugoCellR partnerships. 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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