Energy Management International, Inc. Expands Oil Field Interest Holdings
02 März 2011 - 2:05PM
Energy Management International, Inc. (Pink Sheets:ENMI) announces
today that it has acquired, from D-Bar Leasing, Inc., a one-eighth
(12.5%) interest of D-Bar Leasing's working interest, in a suite of
properties held by production. The purchase secured interest in the
Kessler, Graham, Camp Barkley, and Burnam Oil and Gas fields,
located in Taylor and Callahan Counties of Texas, and increases
Energy Management's production acreage by approximately 210 acres.
Closing on the purchased interest in these properties has been a
focus of Energy Management and completes the first round of
production interest acquisitions in the Abilene area of Texas. The
Energy Management team has now opened the door to apply its newly
acquired recovery technology to these producing fields. President
Howard Dunn comments, "We anticipate that these additional
acquisitions provide an ample opportunity to work with the operator
in efforts to use AM Oil Resources & Technology's steam
generation recovery technology, in coordination with a pressure
maintenance program, to demonstrate the ability to improve and
increase secondary recovery production."
The Texas oil and gas interests, held by Energy Management,
produce from select sandstone formations less than 3,000 feet in
depth and typically have low bottom-hole pressures. Water flooding,
the injection of pressurized water in the oil bearing formations,
and steam injection into the well bore will clean and pressurize
the formations, providing a driving mechanism to increase oil
production. These programs can deliver excellent returns to
the company when oil is above $60 per barrel.
About Energy Management International, Inc.: Energy Management
International, Inc. (www.EnergyManagementInternational.com) 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.
The Energy Management International, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8741
About AM Oil Resources & Technology, Inc.:
(http://www.AmOilResources.com) is a recently acquired wholly owned
subsidiary of Energy Management International Inc. AM Oil holds
enhanced oil recovery and production technology suitable for
secondary recovery of oils from formations with new and historic
production.
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, 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 OTCMarkets.com and as required to the
Securities and Exchange Commission. These risks could cause Energy
Management Internationals, 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.
CONTACT: Energy Management International, Inc.
Corporate:
8023 Vantage Dr. Suite 680
San Antonio, TX 78230
Office: (210) 547-0736
Fax: (888) 452-8153
Email: info@energymanagementinternational.com
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