Emerald Bay Energy Drills in S. Texas, 'Encouraged' by Oil Shows

Emerald Bay Energy has drilled, cased and cemented its previously announced well, Oscar C 3EB in Medina County in South Texas. The Company is encouraged by the oil shows during drilling operations, and the open-hole logs. Multiple prospective pay zones have been identified, including the Escondido, Olmos, and Anacacho. Perforation, stimulation, and testing operations are expected to begin within the next two weeks. Emerald Bay is the operator and a 50% working interest participant.

"We have always been very confident that the Oscar C lease had good Olmos oil production based on offset production. Now, based on the good oil shows and logs, the Escondido and Anacacho zones have the potential to provide some additional upside to this low-risk development in South Texas", stated Shelby Beattie, President and CEO.