Mr. Shelby Beattie reports
EMERALD BAY ENERGY ACQUIRES INTEREST IN LEONA RIVER NATURAL GAS WELLS
Emerald Bay Energy Inc., in partnership with Cotulla Energy Resources Ltd., has acquired five natural gas wells and the mineral rights to approximately 490 acres in Zavala county, Texas. The Leona River project currently has three wells which are intermittently producing approximately 105 thousand cubic feet per day. The company is now implementing optimization processes on the three producing wells, and is working with Cotulla on plans to bring the additional two wells back on-line. Under terms of the of partnership agreement, Cotulla owns 75 per cent of the Leona River project, and Emerald Bay owns 25 per cent.
About Emerald Bay Energy Inc.
Emerald Bay is an energy company with oil producing properties in southwest Texas as well as non-operated oil and natural gas interests in central Alberta.
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