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Energy Management International Sees First Oil Production Test From Texas

^{Published on 2010-05-27 05:11:27 - Market Wire}
 

SAN ANTONIO, TX--(Marketwire - May 27, 2010) - 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.