DH Enchantment Inc (ENMI)

[wildwes35]

Just sent this to Energy Management International IR:

Hello

Can you please reply with specifics to this beautiful PR that you all put today? How much oil does the 460 acre Boyett-Chalmers oil field produce in it's current condition? Any plans for deeper drilling or adding more scheduled producing wells with this newly acquired property? An answer to these questions would be greatly appreciated as there are some negative murmurings going on in the stock forums who believe this PR was nothing but a ploy to pump. I know this is not the case with my DD of your fine company.


Energy Management International, Inc. (Pink Sheets:ENMI) announces today that it has acquired BC Oil LLC; with the acquisition is a one-quarter (25%) working interest in the 460 acre Boyett-Chalmers Oil and Gas field previously held by BC Oil LLC, Taylor County Texas. The closing of this deal puts a newly purchased producing oil field into Energy Management International, Inc's property inventory, from which extended oil production and enhanced recovery work can begin. The Boyett-Chalmers Oil field produces primarily from the Flippen Sandstone at a depth of 2800 feet and has 14 wells, of which 5-6 are scheduled producers, and 3-5 are pressure maintenance wells.
The acquisition of BC Oil LLC has been a work in progress for sometime now. Energy Management was able to finally close the acquisition under modified terms from its original purchase agreement, which had called for a larger cash payment in return for 51% working interest. "By lowering participating working interest received we were able to reduce debts payable to the operator, maintain an option to acquire additional acreage, and finalize the purchase, so that we can move forward into other property purchase negotiations," remarked President Howard Dunn.

Our short term goal is to produce a significant amount of crude oil from our existing properties and to acquire oil properties that we believe will be capable of producing profitable quantities with this strategy. Technology is paramount in oil recovery and this acquisition fits nicely with the plan to merge AM Oil Resources Technology (a newly acquired, wholly owned, subsidiary http://www.amoilresources.com/) with currently producing fields held by or in working partnership with ENMI.