EMERALD BAY ANNOUNCES KUHN 3 RESULTS
Feb 22 2018
Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) announced today that the Company has perforated a four foot section of the upper Austin Chalk formation in the Kuhn 3 well at the Company’s Wooden Horse play in south Texas. The company has been conducting an unstimulated swabbing test on the well for the past 24 hours. Over the course of the test the Company has observed in-flow rates of approximately 60 bbls/day of fluid with a 90-95% oil cut. The Company will equip the well and tie it into the tank battery in the coming days at which point the formation may be stimulated with acid and the well will be put on production.
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, natural gas, and electricity generation interests in Central Alberta, Canada. EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadeloupe, Texas, where the Company currently now owns a 50.00% working interest in those projects. The Company also owns 75% of Production Resources Inc., a South Texas oil company.
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For further information, please contact: Emerald Bay President, Shelby D. Beattie, (403) 262-6000, email@example.com, www.ebyinc.com.
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