Can not deploy ESB 4.7 project to server using Run As -> Run on Server

I created a new ESB Project using latest nightly build of JBoss Tools and selected 4.7 as the JBoss ESB version and Target Runtime of JBoss 5.1 Runtime. When I try to deploy the project on the server (Run As -> Run on Server) I get the message " The selection is not within a valid module".