EBY increases its interest in Production Resources Inc. (“PRI”) from 10% to 75% and its ownership in the Wooden Horse and Nash Creek projects from 27.78% to 50%. Average daily production rates at PRI increase approximately 15% to 57 bbls/day. EBY completes the MarPat drilling program, completing an additional 8 wells, for a total of 16 at the Somerset field. The Kuhn 4 well at Wooden Horse is tied in and production operations begin.

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