Energy Management International Sees First Oil Production Test From Texas
27 Mayo 2010 - 7:00AM
Marketwired
Energy Management International, Inc. (PINKSHEETS: ENMI) announces
that the new #B1 well, recently completed as an off-set, wildcat
well, was tested for production by Energy Management
International's operator D-BAR Leasing, Inc., who reported initial
test production at 13 bbls per day with little water production and
some gas. The production test was completed in the well known
Flippen Sand formation and is one of several zones anticipated to
potentially produce from this well. The #B1 well, is located on the
Boyett-Chalmers lease in Taylor County, Texas and is a
Boyett-Chalmers wildcat field off-set well. The Boyett-Chalmers
lease has 14 wells and is adjacent to the Kessler field in which 7
wells exist. These two areas have 21 wells of which up to 8 wells
are planned for reentry and secondary recovery efforts by Energy
Management International. The two lease area fields are currently
under a partially completed purchase option agreement by Energy
Management International, Inc. for a 51% net working interest
ownership. Additional zone completions and further Flippen zone
tests are needed to determine a longer term economic well
production rate.
About Energy Management International,
Inc: Energy Management International, Inc. is positioning
itself to add North and South American oil and gas production, and
enter into downstream processing design, build, and/or operating
agreements in Paraguay, Bolivia, and Argentina.
DISCLOSURES: "Safe Harbor" statement under
the Private Securities Litigation Reform Act of 1995: This press
release contains forward-looking statements that are subject to
risk and uncertainties, including, but not limited to, the impact
of competitive products, product demand, ability to establish
economic production, market acceptance risks, fluctuations in
operating results, political risk and other risks detailed from
time to time in Energy Management International, Inc.'s filings
with the Securities and Exchange Commission. These risks could
cause Energy Management International, Inc.'s actual results to
differ materially from those expressed in any forward-looking
statements made by, or on behalf of, Energy Management
International, Inc.
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For additional information, please visit our website
(www.EnergyManagementInternational.com) or contact our Investor
Relations firm A S Austin Company 858-537-7439 Email Contact
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