Emerald Bay Energy Inc. (TSXV: EBY) is an emerging oil and gas producer headquartered in Calgary, Alberta, Canada with production properties in South Texas, USA. It was founded in 1998 as a research and development entity to develop the patented Lateral Drainhole Drilling Technology. In 2005, the Company ended its R&D efforts and transitioned to exploration and production of natural gas in Central Alberta. When natural gas prices collapsed in 2009, the Company had established a significant land position in Alberta with over 50 drilling locations and had grown production to over 200 boe/day. However, due to instability in natural gas prices, Emerald Bay began to divest its Canadian gas assets and pursue South Texas oil opportunities in 2010. Led by a very capable and experienced management team, Emerald Bay is assembling a solid land position across multiple prospects in South Texas and venturing into electrical power generation in Alberta.