Hey guys just wondering if people bailed on this puppy for now to come back later or if your accumulating on the shares you already own, because i feel like i want to keep adding at these levels but who knows how long we will be here, still deciding input would be most appreciated, thanks
Hey guys just wondering if people bailed on this puppy for now to come back later or if your accumulating on the shares you already own, because i feel like i want to keep adding at these levels but who knows how long we will be here, still deciding input would be most appreciated, thanks
Hey Mau,
nope I haven't forgot about EBY. With oil prices over $100 a barrel and nat gas bouncing back slowly, I have been loading up at 4.5. Between their old and new production they should have around 200-250boed and oil should be between 40-50% of that production. Their O/S is still not bad, but they do have some bank debt. Regardless, Eby should be trading at much higher value. Biggest problem is that management has not told us the updated production number. So until their financials come out, the stock will linger at these prices. That new land acquisition they made was a steal. 532k shares at 8c for a couple hundred acres of producing land with a well on it, a very good deal. Plus the fact that they bought the land with shares(at twice the current value) shows that the stock is undervalued. Then you got JDM(now known as Consolidated International Investment Holdings Inc) dumping those flow through shares at 5c.
Emerald Bay closes first tranche for $375,185 2011-03-29 12:49 MT - News Release
Mr. Shelby Beattie reports EMERALD BAY ANNOUNCES CLOSING OF PRIVATE PLACEMENT Emerald Bay Energy Inc. has closed the first tranche of its previously announced private placement. Pursuant to the private placement, 7,503,701 units were issued at a price of five cents per unit, for total consideration of $375,185.05. Each unit consisted of one common share of the corporation (issued either as a common share or as a flow-through share pursuant to the Income Tax Act (Canada) at the subscriber's option) and one share purchase warrant. Each full warrant shall entitle the holder thereof to purchase one additional common share of the corporation for a period of 18 months from the issuance of the units at a price of 10 cents. Of the total 7,503,701 common shares issued under this offering, a total of 6,163,701 were issued as flow-through shares. A finder's fee of $10,000 was paid to Limited Market Dealer Inc. along with the issuance of 400,000 finder's options. A finder's fee of $3,500 was paid to Pope & Company Limited along with the issuance of 70,000 finder's options. Each finder's option entitles the holder to acquire one unit (on a non-flow-through basis) of the corporation (on the same terms and conditions as those received by the subscribers under this offering) at a purchase price of five cents per unit for a period of 12 months from the issuance of the finder's option. The proceeds will be used for drilling wells, seismic activities and increasing working capital. All of the flow-through shares, common shares and warrants issued pursuant to the private placement are subject to a four-month hold period. Completion of the private placement is subject to the final approval of the TSX Venture Exchange. |
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Emerald Bay closes $95,500 final tranche 2011-04-13 13:03 MT - News Release
Mr. Shelby Beattie reports EMERALD BAY ANNOUNCES FINAL CLOSING OF PRIVATE PLACEMENT Emerald Bay Energy Inc. has closed the final tranche of its previously proposed private placement. Pursuant to the private placement, an additional 1.91 million units were issued at a price of five cents per unit, for total consideration of $95,500. Each unit consisted of one common share of the corporation and one share purchase warrant (each full warrant shall entitle the holder thereof to purchase one additional common share of the corporation for a period of 18 months from the issuance of the units at a price of 10 cents). Of the total 1.91 million common shares issued under this closing, none were issued as flow-through shares. As reported in Stockwatch on March 29, 2011, the corporation closed the first tranche whereby 7,503,701 units were issued for total consideration of $375,185.05, of which a total of 6,163,701 were issued as flow-through shares. The private placement's proceeds will be used for drilling wells, seismic activities and increasing working capital. All of the flow-through shares, common shares and warrants issued pursuant to the private placement are subject to a four-month hold period. Completion of the private placement is subject to the final approval of the TSX Venture Exchange. |
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CALGARY, Jan. 10, 2012 /CNW/ - Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Corporation" or "Emerald Bay") is pleased to provide an operational update on recent events.
Emerald Bay has recently drilled and cased a prospective oil well in Guadalupe County, Texas. The logs and geological data support our original optimism on this prospect, and the Company will now move forward with perforation and testing operations.
About Emerald Bay
Emerald Bay Energy Inc., based in Calgary, is a junior oil and gas producer with production properties in Western Canada and South Texas. The common shares of Emerald Bay trade on the TSX Venture Exchange under the symbol "EBY". Please visit www.emeraldbayenergy.com.
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nice bump up today..more to come... Open ......03, Close......035 , volume..1.7mil.
CALGARY, Jan. 10, 2012 /CNW/ - Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Corporation" or "Emerald Bay") is pleased to provide an operational update on recent events.
Emerald Bay has recently drilled and cased a prospective oil well in Guadalupe County, Texas. The logs and geological data support our original optimism on this prospect, and the Company will now move forward with perforation and testing operations.
About Emerald Bay
Emerald Bay Energy Inc., based in Calgary, is a junior oil and gas producer with production properties in Western Canada and South Texas. The common shares of Emerald Bay trade on the TSX Venture Exchange under the symbol "EBY". Please visit www.emeraldbayenergy.com.
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nice bump up today..more to come... Open ......03, Close......035 , volume..1.7mil.
Yes Deep, it is looking sweet..... pick up some at .03 and .035, will be sitting on them and start selling some at .05
CALGARY, Jan. 23, 2012 /CNW/ - Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Corporation" or "Emerald Bay") is pleased to announce that it has accepted an offer on various interests in certain oil and gas properties situated in Edson, Alberta to an arm's length party. The total consideration to be received by the Corporation for this disposition is $1,500,000 and is reflective of a five month sales process. The agreement has an effective date of January 1, 2012 and is expected to close on or before January 31, 2012. The sale will allow the Corporation to significantly reduce bank debt and focus on the exploration and development of oil opportunities Southwest Texas. Completion of this transaction is subject to, among other things, the execution of a conveyance agreement; approval of the Corporation's bank lender; and the approval of the TSX Venture Exchange.
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NIce NR, i did sold 123K @ .05 the other day and manage to pickup 50K at .04 yesterday. let see where we go from here.
CALGARY, Jan. 23, 2012 /CNW/ - Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Corporation" or "Emerald Bay") is pleased to announce that it has accepted an offer on various interests in certain oil and gas properties situated in Edson, Alberta to an arm's length party. The total consideration to be received by the Corporation for this disposition is $1,500,000 and is reflective of a five month sales process. The agreement has an effective date of January 1, 2012 and is expected to close on or before January 31, 2012. The sale will allow the Corporation to significantly reduce bank debt and focus on the exploration and development of oil opportunities Southwest Texas. Completion of this transaction is subject to, among other things, the execution of a conveyance agreement; approval of the Corporation's bank lender; and the approval of the TSX Venture Exchange.
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/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/*
CALGARY, Jan. 31, 2012 /CNW/ - Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Corporation" or "Emerald Bay") today reported that the Corporation is proposing a Private Placement offering of up to maximum of 13,000,000 common shares ("Common Shares") of the Corporation. The Common Shares are to be issued under a unit offering whereby up to a maximum of 13,000,000 units ("Units") at a subscription price of $0.05 per Unit are to be offered. Each Unit shall consist of one (1) Common Share of the Corporation and one (1) share purchase warrant (the "Warrant") (each full Warrant shall entitle the holder thereof to purchase one (1) additional Common Share of the Corporation for a period of 12 months from the issuance of the Units at a price of $0.10) (the "Offering").
The proceeds will be used for drilling wells, contributing to the Corporation debt facilities and increasing working capital.
All of the Common Shares and Warrants issued pursuant to the Private Placement are subject to a 4-month hold period. Completion of the Private Placement is subject to the final approval of the TSX Venture Exchange.
About Emerald Bay
Emerald Bay Energy Inc., based in Calgary, is a junior oil and gas producer with production properties in Western Canada and South Texas. The common shares of Emerald Bay trade on the TSX Venture Exchange under the symbol "EBY". Please visit our website at www.emeraldbayenergy.com.
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* So you guys south of the border...don't read this ...I told you so I ain't responsible for your actions.. understand!
Canada NewsWire
CALGARY, May 29, 2012
CALGARY, May 29, 2012 /CNW/ - Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Corporation" or "Emerald Bay") is pleased to provide an operational update on recent events.
MEDINA COUNTY, TEXAS
A multi-well drilling program has been initiated in the Taylor-Ina field of Medina County, Texas. 12 wells (3 net wells) are planned through Q2 and the first part of Q3, 2012. The program will be drilled in 4-well packages, and as of this writing 4 wells have been drilled, cased, and cemented. The logs were consistent with expectations and consistent oil "shows" were observed confirming the target zones of Escondido and Olmos sands. Completion operations are scheduled to begin June 2nd, with production operations expected to begin the week of June 11th. The drilling locations are direct offsets to existing production.
GUADALUPE COUNTY, TEXAS
After initial testing operations, the Company recently completed a land transaction of approximately 1230 acres surrounding its previously announced Imhoff #1 exploratory well in Guadalupe County, Texas. We are currently awaiting regulatory approval of a salt water disposal well on Company lands before continuing production testing operations. This Guadalupe County play is expected to yield multiple locations for Austin Chalk, Buda, Edwards intervals. Deeper tests are also planned at a later time to evaluate zones of interest below 5000 ft. on the subject lands. Horizontal drilling continues to unlock substantial reserves in this oil-rich region of South Central Texas.
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