SAN ANTONIO, March 2, 2011 (GLOBE NEWSWIRE) -- 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. () 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.
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About AM Oil Resources & Technology, Inc.: () 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: email@example.com