Emerald Bay Energy Inc. has received an additional four-well drilling commitment through its partnership with Alliance Petroleum Interests, bringing the total number of new wells in development drilling in South Texas to eight.
The previously announced four-well drilling program is under way. The MarPat 1 and MarPat 2 were drilled in mid-January and drilling operations at MarPat 3 and MarPat 4 were completed late last week. All four wells showed the presence of hydrocarbons in multiple formations as expected, and Emerald Bay is moving forward with completing and equipping the wells within the next two to three weeks.
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Emerald Bay Energy Inc.
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