Calgary, Alberta (FSCwire) – Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) (the “Company” or “Emerald Bay”) is pleased to announce that surveying was completed today for the location of the Wildcat test well on the Company’s Bauer project in Southwest Texas. The well will be drilled to an approximate depth of 3,750 feet, targeting multiple formations. The Company has secured a rig to drill the well in Q4 of this year. Drilling operations will take approximately two weeks. The well will be drilled in partnership with HugoCellR Ltd. (“Hugo”), whereby Hugo will pay 100% of the costs of the well to earn a 75% interest. Emerald Bay will be the operating partner and will earn a 25% interest in the well at no cost to the Company. Additional information on the well and the Bauer project will be provided as it becomes available.
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 Guadalupe 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.