EBY recompletes Kuhn 3 at Wooden Horse. Emerald Bay sells first 700 bbls of oil from the Kuhn 3 & 4 wells. Drills and tests Kuhn A5 at Wooden Horse and leases minerals rights to approximately 134 acres adjacent to Kuhn A5. Continues a work-over program on 40+ wells on PRI properties in Somerset and Taylor-Ina fields. Sells interest in electricity generation project. Adds new technical team to evaluate and execute development plans at Wooden Horse and Nash Creek.