Emerald Bay Energy Inc. (TSXV: EBY) has provided an update on its operations in Guadalupe County, Texas.
The company recently completed a land transaction of 1108 acres known as Nash Creek in Guadalupe County, Texas. They are three-year leases with a two year option to extend. This Guadalupe County play is expected to yield multiple locations for Navarro, Austin Chalk, Pecan Gap, Buda, and Edwards formations.
As the operator, Emerald Bay has planned a deeper test to evaluate the Pearsall shale on the subject lands.
According to the release, Nash ...