Energy Management International, Inc. Increases Texas Oil Field Holdings
18 5월 2011 - 9:05PM
Energy Management International, Inc. (Pink Sheets:ENMI) announces
today that management has completed execution of an agreement with
DBAR Leasing, Inc. (http://dbarcapital.com) to receive a one-eight
net working interest in the "M.G. Burnam" oil field property lease
that is held by production. The net working interest was purchased
for corporate stock as specified in the agreement. DBAR Leasing,
Inc., headquartered in Abilene, TX, is the field operator and
production oil is gathered and purchased by Plains Marketing, L.P.
Energy Management International's President Howard Dunn
negotiated the agreement and perceives this as management's
continued effort to identify and acquire marginally producing oil
fields that can benefit from the new oil well steam treatment
technology recently acquired by the company and other secondary
recovery efforts.
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
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
DH Enchantment (PK) (USOTC:ENMI)
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