EBY successfully drills and completes the Kuhn A5 well in the Austin Chalk formation. During swabbing, the well tests at 142 bbl/day of oil. Sells interest in electricity generation project to reduce the Company’s outstanding debt. The Company arranges to settle $924,658.90 of debt to a lender of the Company through the issuance of shares at $0.05/share. EBY enters into a partnership agreement for a new well drilling program in South Texas with HugoCellR Ltd and initiates the first three projects: Floyd 1 and 2 wells, the Bauer lease Wildcat well, and the Isabella 2 well.

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