ENERMAX FEATURED IN JPT ONLINE

On December 11, 2008 one of our primary industry partners, EnerMax, Inc of Hurst, Texas was featured on JPT Online magazine, the official publication of the Society of Petroleum Engineers. JPT is reporting on EnerMax's newest seismic imaging technologies, GeoMax and StrataMax, which promise greater than 80 percent accuracy in finding reserves. These technologies were instrumental in helping Permian and EnerMax on the recently successful West Janice #1 project.

The following is the full text of the JPT article which can also be found online here.

New Technologies Promise Pinpoint Accuracy For Permian Reserves

11 December 2008 in JPT, Reservoir (RDD), US/Canada

Texas-based independent producer EnerMax recently announced the successful spudding of Permian basin wells using two new technologies that aim to increase the likelihood of pinpointing sizable oil reserves. The proprietary technologies, called GeoMax and StrataMax, promise greater than 80 percent accuracy in finding reserves in parts of the Permian that were previously not considered commercially viable.

According to the company, the technologies represent an advance in filtering techniques for seismic data that better identify major oil-deposit areas that had previously eluded detection. GeoMax is a filtering process that allows more accurate drill grids to be created that indicate where and where not to drill, while StrataMax reportedly helps identify specific signatures for locations in a reservoir that are likely to contain oil but were previously thought to be noncommercial.

The technologies were used together in the spudding of the West Janice #1 well in November. The West Janice #1 project, which was drilled seven miles west of 19 previously drilled wells that produced in excess of 26 million barrels of oil, was an 11,500 ft vertical test of the Wolf Camp formation and first and second porosity sections of the Devonian formation. The prospect was generated using 2-D and 3-D seismic data reprocessed with GeoMax and StrataMax.

At a depth of 9,000 to 9,530 ft, the Wolf Camp XX formation was perforated on 13 November 2008, showing a live reservoir charged with good pressures. EnerMax technical advisors estimate that the zone will achieve production rates of 250-300 barrels of oil per day. In addition, it is estimated that the first and second porosity sections of the Devonian formations are capable of producing in excess of 600,000 barrels of oil. According to EnerMax, this discovery is especially important because the second porosity section of the Devonian had not previously been identifiable with traditional geological and geophysical models.

EnerMax states that these technologies will help significantly reduce the frequency of drilling nonproductive, or dry, holes. In a recent case study, EnerMax ran data for a well-developed oil field that has been a prolific producer for decades. Their findings indicated that if the GeoMax grid had been available during the time the field was developed, it would have correctly predicted the most prolific producers as well as the areas that turned out to be noncommercial with an accuracy of above 80 percent. Because the technology was not available, the area was drilled using a hit-or-miss approach, which resulted in a high number of noncommercial wells being drilled.

"Each one of the zones tested prove that we have encountered a Devonian and Wolf Camp formation that is oil saturated," explained Bret Boteler, founder and president of EnerMax. "Field averages indicate that this well bore is capable of producing 1.2 million barrels of oil over its life."

"At a time where exploration costs remain extremely high and prices are seesawing in a very volatile manner, it is especially critical to push technology to the max to make better-informed decisions about where to drill," Boteler continued. We expect that these new filtering processes will virtually eliminate undesirable projects so that our capital can be allocated towards prospects with considerably higher probabilities of success."

Following the successful completion of West Janice #1, the West Janice #2 test well was spudded on 24 November 2008 and results are forthcoming.

:: About EnerMax:

EnerMax, Inc. is a petroleum exploration company that has been aggressively pursuing technology driven oil and gas projects since 2001. Known for it's strategic and efficient operations, EnerMax has recently been featured by Norman Schwarzkopf's "World Business Review", Platinum Television Group's "Pulse on America", and "U.S. Business Review", a national publication.

For more information visit http://www.enermaxinc.com.

EnerMax has proven once again that they are leading the way within our industry, and continually searching for and employing the latest cutting edge techniques to improve our ability to bring greater returns on our joint venture projects. As Bret Boteler, President of EnerMax, so aptly states in his interview with JPT, "We expect that these new filtering processes will virtually eliminate undesirable projects so that our capital can be allocated towards prospects with considerably higher probabilities of success." This is good news for all parties concerned.

Sincerely,

Management

Permian Asset Management, AVV
Caya Dr. J.E.M Arends 14
Oranjestad
Aruba

admin@permianco.com
www.permianco.com

Phone + 297.588.9664
Fax + 297.588.9665

Our New Secure Web-based Form For Inquires and Contact: http://www.permianco.com/contact/index.html

This press release / email may include forward-looking statements as defined by the Securities and Exchange Commission. Such statements are those concerning forecasts, estimates, expectations and objectives for future operations. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Statements regarding future production, reserve additions and capital expenditures are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas. These risks include, but are not limited to, inflation or lack of availability of goods and services, environmental risks, drilling risks and regulatory changes. Investors are cautioned that any such statements are not guarantees of future performance and that the actual results, or developments, may differ materially from those projected in the forward-looking statements.

PARTNERSHIP WITH EVANS ENERGY E2

Permian Asset Management, AVV Officially Announces Their Partnership With Evans Energy (E2)

www.evansenergyonline.com

In our continuing effort to partner with the best of the best within the Oil and Gas Industry, Permian Asset Management, AVV has cemented their partnership with Evans Energy (E2) of Laurel, MS.

Oranjestad, Aruba September 20, 2008-- "Most independent oil companies must contract their drilling to unaffiliated third parties that have no vested interest in hitting the well. Many drillers receive bonuses for how fast they finish a well. An environment like that can create havoc on sensitive areas down hole and can ruin an otherwise strong prospect," commented Permian's spokesperson. "With Evans Energy as a partner, we can be assured that great care will go into drilling our wells. We know Lavon Evans personally and know that he will treat our wells like his very own."

With experience and capital like that, Permian is very fortunate to have E2 on its team as its preferred driller, and Permian Asset Management, AVV is now a Featured Partner of E2.

:: About Evans Energy (E2) ::


Through generations of experience, E2 has developed, drilled, and/or produced hundreds of wells across the country. Being a strong independent Evans Energy has its own rigs and can mobilize them at any time and to almost any location.

Evans Energy takes enormous pride in their drilling teams and rigs. With a "safety first" attitude their Rig Managers and Hands are all highly motivated professionals dedicated to the success of every prospect.

:: Their Philosophy ::


As a child Lavon Evans was greatly influenced by his grandfather who taught him the value of hard work and respect for everyone. Lavon's grandfather owned a small country store that became the foundation of Lavon's entrepreneurial spirit and work ethic. Evans Energy is today the result of that development of work, pride and fair play.

:: Their Goals ::


Evans Energy (E2) knows success is a team effort and not merely a cliche. The Evans team is always focused on the prize of a successful well and a financially successful operation. With over 400 commercial wells under their belt, they have succeeded in establishing processes that are proven and profitable. E2 will continue to leverage past successes in order to develop new opportunities in all areas of the company's services which include exploration, operation and "contract" drilling.

:: Their Strategy ::


Evans Energy utilizes years of drilling and operating experience to intelligently select those prospects with the most potential for commercial success. Evans Energy is continuously reviewing and streamlining all areas of the company with the objective of increasing efficiencies and enhancing profitability.

:: Where They Have Been ::


S. Lavon Evans, Jr. founded and created S. Lavon Evans, Jr. Operating Company, Inc. in January of 1989 and the rest, as they say is history. The company has a rich history of hundreds of successful wells across Mississippi, Alabama, Tennessee, Kentucky, Ohio, Louisiana and Texas. From pioneer wildcatting in the Black Warrior Basin to the swamps of South Louisiana and the wide open spaces of South Texas, Lavon built his company along with a reputation of honesty, hard work and a knack for knowing a good prospect. Lavon is a true "oilman" and his company is true Oil & Gas. Today, the company Lavon founded has evolved to become Evans Energy.

Evans Energy considers itself to be a hydrocarbon hound dog. Lavon and his team have seen literally thousands of prospects. Experience has taught them to recognize some of the most subtle geological problems that can determine a well's success or failure. There are a lot of "so-so" prospects out there and finding the best risk vs. reward opportunity only comes through practical experience and trusted advice. They are not newcomers. Their years of doing business in the "oil patch" have created lifelong friendships that are priceless business allies and prospects that are creme de la creme.

Sincerely,

Management

Permian Asset Management, AVV
Caya Dr. J.E.M Arends 14
Oranjestad
Aruba

admin@permianco.com
www.permianco.com

Phone + 297.588.9664
Fax + 297.588.9665

Our New Secure Web-based Form For Inquires and Contact: http://www.permianco.com/contact/index.html

This press release / email may include forward-looking statements as defined by the Securities and Exchange Commission. Such statements are those concerning forecasts, estimates, expectations and objectives for future operations. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Statements regarding future production, reserve additions and capital expenditures are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas. These risks include, but are not limited to, inflation or lack of availability of goods and services, environmental risks, drilling risks and regulatory changes. Investors are cautioned that any such statements are not guarantees of future performance and that the actual results, or developments, may differ materially from those projected in the forward-looking statements.

SMART OIL GOES TO PERMIAN BASIN

XTO Energy Buys Oil Fields From Exxon Mobil for $215 Million

FORT WORTH - XTO Energy of Fort Worth added to its Permian Basin oil properties, spending $215 million to buy several fields in Crane, Glasscock and Ector counties and in eastern New Mexico from Exxon Mobil Corp.

The deal is XTO's second purchase of older Exxon Mobil fields. Last year, XTO paid $342 million for properties in the Permian Basin in Gaines and Yoakum counties.

XTO will try to double the field's production of 2,400 barrels per day by refracturing and reacidizing, as well as by new water-flooding and liquid-carbon-dioxide injections.

XTO said it hoped to increase production by 25 percent during the next two years. The fields have proved reserves of 21 million barrels of oil.

This transaction highlights our ongoing focus in acquiring specific properties in regions where XTO has experience and a history of increasing production and reserves," said Bob Simpson, XTO's chairman.

The sale by Exxon Mobil is part of the multinational's strategy to withdraw from older fields in the United States in favour of newer plays overseas.

"Producing properties in Texas tend to be older and more costly to produce," Exxon Mobil President Rex Tillerson said at the company's annual meeting in May. "In many cases, buyers can produce them more profitably, and it becomes prudent for us to get value for our shareholders by selling."

That strategy has cost Exxon Mobil its long-standing position as Texas' largest producer. In 1994, Exxon and Mobil, then separate companies, together produced 55 million barrels of oil, leading second-place Amoco Production by 10 million barrels.

In 2004, Exxon Mobil was the No. 4 crude oil producer in Texas, with 13.4 million barrels.

But the decline hasn't hurt its stock price. Both companies saw rises after the announcement. XTO was up $1.50, closing Tuesday at $36.73, a 52-week high. Exxon Mobil closed at $60.14, up $1.83.

The Permian Basin properties represent a shift in emphasis for XTO, which during the 1990s built a strong natural gas franchise in East Texas and Louisiana, as well as in the Plains states and New Mexico. In Texas, XTO was the state's third-largest natural gas producer and the ninth-largest oil producer in 2004.

The Permian Basin fields acquired include the Vacuum Field in Lea County, N.M., and the Cordona Lake Field in Crane County, Texas. Other fields in the package include the Goldsmith in Ector County, the St. Lawrence in Glasscock County, and the Blanco in Rio Arriba County, N.M.

Permian Asset Management, AVV
Caya Dr. J.E.M Arends 14
Oranjestad
Aruba

admin@permianco.com
www.permianco.com

Phone + 297.588.9664
Fax + 297.588.9665

Our New Secure Web-based Form For Inquires and Contact: http://www.permianco.com/contact/index.html

This press release / email may include forward-looking statements as defined by the Securities and Exchange Commission. Such statements are those concerning forecasts, estimates, expectations and objectives for future operations. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Statements regarding future production, reserve additions and capital expenditures are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas. These risks include, but are not limited to, inflation or lack of availability of goods and services, environmental risks, drilling risks and regulatory changes. Investors are cautioned that any such statements are not guarantees of future performance and that the actual results, or developments, may differ materially from those projected in the forward-looking statements.

PERMIAN BASIN A SOUND CHOICE

Occidental Petroleum (OXY) Announces West Texas and Piceance Acquisitions

Occidental Petroleum Corporation (NYSE: OXY) announced the signing of a definitive purchase and sale agreement with Plains Exploration & Production Company (NYSE: PXP) to purchase all of PXP's interests in the Permian Basin of West Texas and New Mexico and Piceance Basin of Colorado for $1.25 billion.

In a transaction that was announced last year, Occidental acquired a 50% interest in these properties, and is purchasing the remainder in this transaction. Closing of this transaction is expected in the fourth quarter and is subject to government approvals.

Occidental Petroleum Corporation is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions.

Sincerely,

Permian Asset Management, AVV
Caya Dr. J.E.M Arends 14
Oranjestad
Aruba

admin@permianco.com
www.permianco.com

Phone + 297.588.9664
Fax + 297.588.9665

Our New Secure Web-based Form For Inquires and Contact:

http://www.permianco.com/contact/index.html


This press release / email may include forward-looking statements as defined by the Securities and Exchange Commission. Such statements are those concerning forecasts, estimates, expectations and objectives for future operations. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Statements regarding future production, reserve additions and capital expenditures are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas. These risks include, but are not limited to, inflation or lack of availability of goods and services, environmental risks, drilling risks and regulatory changes. Investors are cautioned that any such statements are not guarantees of future performance and that the actual results, or developments, may differ materially from those projected in the forward-looking statements.

LIVE VIDEO STREAM

Permian Asset Management,AVV and EnerMax, Inc. are excited to inform their partners that drilling operations of the Permian and EnerMax, Inc. West Janice project will be broadcast live via video stream direct from the drill site and derrick of the West Janice Project, and then, all future Permian Projects that are forthcoming. This is all a part of Permian and EnerMax, Inc.'s continuing efforts to remain at the forefront of the oil and gas industry, fulfill their mission, and to bring in better results time and time again.

WEST JANICE #1 COMMERCIALLY VIABLE

I received wonderful news from our Joint Venture Partner, EnerMax today that we encountered our first productive reservoir at West Janice #1, the San Andres. Please read what EnerMax Inc President Bret Boteler has to say about the progress being made over at West Janice #1.

Partners,

I have some very good news!

Last night at approximately 9:00 PM CST, we encountered our first productive reservoir, the San Andres. The top of the reservoir was encountered at 5,145’. The primary section of the reservoir extended to 5,220'. Within this section we experienced a high percentage (up to 80% fluorescence). We had a streaming oil cut and oil in the pits. The maximum gas kick was 143 units. We also experienced an increase in our rate of penetration (ROP). It appears that we have a commercially productive reservoir with approximately 75' of pay.

In addition to the primary showing discussed above, there is also a secondary showing which ranges from 5,220' - 5,300'. Within this section we had 20-50% fluorescence and a maximum gas kick of 231 units of gas. There are several good porosity streaks within this section that should be commercially productive as well.

The San Andres is a very prominent reservoir within the PermianBasin. The wells can produce at rates of 100 BOPD and have a life of 30-40 years. They will typically produce on average 50,000 - 100,000 barrels of oil out of each well bore. You certainly don't drill a 12,000' well to produce at 5,250', however it's nice to know that we have a reservoir in place that will recoup our investment dollars, even if the Wolfcamp and Devonian are non-commercial. However, this discovery gives us great confidence that the Wolfcamp and Devonian will also be productive in this area.

The best part of this discovery is that it solidifies 3-5 offset locations that can be drilled specifically to 5,250' to generate a nice return on investment. As of this morning, we have begun the process of acquiring additional acreage in the area to protect our holdings.

I have enclosed a copy of the mud log and most recent drilling report for your review.

The top of the Wolfcamp formation should be 8,600 TVD (true vertical depth) and 8,710 MD (measured depth). It will be another 7-10 days of drilling before we reach this depth. We are deviating our well bore approximately 800' which requires the use of directional tools and consequently slows down the drilling process. The well bore is being deviated so that we penetrate the Wolfcamp and Devonian formations at the most prominent location.

I will keep you posted as information becomes available from the field.

Soak up the good news and enjoy your weekend!

Regards,

Bret Boteler

President

:: About EnerMax ::

EnerMax, Inc. is a petroleum exploration company that has been aggressively pursuing technology driven oil and gas projects since 2001. Known for it's strategic and efficient operations, EnerMax has recently been featured by Norman Schwarzkopf's "World Business Review," Platinum Television Group's "Pulse on America," and "U.S. Business Review," a national publication.

For more information visit http://www.enermaxinc.com/

As we have always said in the past, we are so pleased and proud to have Enermax as our partner. This strike at West Janice #1 is only one of the reasons why our level of confidence in EnerMax keeps growing project by project.

Sincerely,

Permian Asset Management, AVV
Caya Dr. J.E.M Arends 14
Oranjestad
Aruba

admin@permianco.com

http://www.permianco.com/

Phone + 297.588.9664
Fax + 297.588.9665


This press release / email may include forward-looking statements as defined by the Securities and Exchange Commission. Such statements are those concerning forecasts, estimates, expectations and objectives for future operations. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Statements regarding future production, reserve additions and capital expenditures are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas. These risks include, but are not limited to, inflation or lack of availability of goods and services, environmental risks, drilling risks and regulatory changes. Investors are cautioned that any such statements are not guarantees of future performance and that the actual results, or developments, may differ materially from those projected in the forward-looking statements.

PERMIAN RESEARCH

Project Analysis

Permian Energy Investment Research is one of the financial industry's dominant thought leaders in equity and fixed-income investing. Our analysts, economists, and strategists have earned this reputation through timely, in-depth analysis of companies, industries, markets, and the world’s economies. Our teams collaborate to assist Permian Energy clients with investment decisions, using cash and derivative instruments across major asset classes and geographies.

Global Footprint

Research teams are organized by country, region, and global industry to cover all major markets in Asia, Europe, EMEA, Japan, Latin America, and North America, with over 2,300 stocks under coverage.

Economics

Our analysts not only forecast economic activity within the oil and gas industry, they also track inflation, interest and exchange rates and they also provide daily insights into policy, economic, and political trends that would influence the industry and market place.

Investment Strategy

Working exclusively in the petrochemical markets, Permian’s strategy team of seasoned professionals seeks noteworthy market trends, themes, and investment strategies that lead to greater returns and long-term stability.

Company and Industry Research

Our seismic and oil and gas research analysts utilize a variety of analytics, metrics and resources to assess prospective oil and gas investments. These include, but are not limited to, the commensurate partnership associations, industry contacts, as well as insights from Permian Energy analysts that follow and track other industries, oil bearing regions, and asset classes. We look for variation points that the market may not always readily reveal and use case-by-case scenario analysis to identify future elements that will shape companies and industries which allows us to establish relative values.

2-D and 3-D Analysis


PROMAX 3D SEISMIC ANALYSIS


HALIBURTON/PROMAX 3D SEISMIC IMAGING & SURVEY TOOLS

Having the correct scientific data Is critical for success when investing in oil. Permian Energy uses the most advanced computer imagery software in the world today. Our team of professionals uses a comprehensive suite of geological, petrophysical and mapping applications. Utilizing a shared-visualization environment and database, our geological applications ensure that, regardless of the exploration or development challenge, our team has all the necessary tools to compliment their collective expertise.

Regardless of whether our challenge is structural or stratigraphic, onshore or offshore, the systems we use provide proven, robust solutions that ensure accurate interpretations and high productivity in the most demanding plays. From our traditional 2-D and 3-D seismic interpretations to our powerful multi-volume visualization models, our geophysical tools integrate with our entire family of upstream technology to afford us all the scientific information we utilize to make confident and knowledgeable decisions.

Permian Energy employs the leading providers of seismic processing tools for 2-D, 3-D and 4-D land and marine surveys. From interactive velocity analysis, through powerful algorithms for prestack and post-stack imaging, our processing tools provide high-resolution results to our team and to our industry partners. These applications have been optimized for high-performance, high value, multi-processor hardware cluster.

SEISMIC ANALYSIS

3D & 4D SEISMIC ANALYSIS


The significant difference between hitting pay or a dry hole often resides in our ability to understand lithology and fluid properties at the drill target. We carefully evaluate our comprehensive set of well-to-seismic calibration tools that allow interpreters to correlate essential information such as prestack response, well-control data and seismic synthetics, ensuring the right prospects are being generated.

The ability to select optimal drilling targets depends on our ability to build an accurate subsurface model. Using the most impressive graphic software, Permian’s research team and affiliates can easily perform time-to-depth conversions and velocity modeling - fast and accurately. This ensures that Permian is in complete control of the subsurface picture.

Permian is committed to staying on the leading edge of this exciting field of science. Our team approach has, and will continue to benefit, those involved in the origination, development, interpretation, and deployment of our company’s resources.

PERMIAN ASSET MANAGEMENT

Permian Asset Management is a leading independent broker of oil well joint venture partnerships. Our projects and our partners’ projects, to date have realized in excess of a hundred million barrels petrochemical products.

http://www.permianco.com/

Our team of experts and industry partners has concise expertise in their chosen fields, and includes venture capital companies, major oil companies, well drillers, rig and pumping operators and petrochemical marketers.

Permian Energy is a private concern, and all its owners are active employees of the company.

WHAT WE DO

Our main brokerage activity consists of sourcing a wide range of joint venture drilling opportunities, and the marketing of petrochemical products in the North America and the South/Southwest Regions, also know as the Permian Energy Basin.

Relative to each of our customers’ circumstances and expectations, Permian Asset Management has proven to be of great assistance in helping our joint venture partners in finding economically attractive products and increasing product values.

In today's fast moving economy, we always need to be ahead of the game. By providing day to day market information and creating new business opportunities, we aim to keep our clients fully updated not only today's petrochemical markets, but also on tomorrow's upcoming markets.

COMPANY PHILOSOPHY AND ETHOS

Permian Asset Management’s company philosophy is to deliver to our clients consistent and valuable oil, gas and alternative energy investment information. This has proven to be our simple yet successful formula.

Our expertise and excellent reputation provides a solid ground to build-up long term relationships with our industry partners and clients, and allows us to expand our client relationships and business horizons.

Our ethos, our fundamental and distinctive character taken within a social context, is an attitude of team spirit and unquestionable ethics. We strictly adhere to proper business practices and traditionally conservative business beliefs.

* We strive to provide our clients with the most ethical financial investment services.
* We endeavour to be fair, empathetic and responsive in serving our clients.
* We know we must always earn and be worthy of our clients' trust.

COMMUNITY COMMITMENT

Permian Asset Management is dedicated to making positive contributions to society through our focus on the environment, our people, responsible business practices, community investment and by strengthening the next generation. Our company was established and thrives on the key acumen of doing first-class business in a first-class way.

Our world view, and global citizenship, is a direct manifestation of Permian Asset Management’s core values. This augments our ability to provide superior service to our clients, our employees and the communities where we invest, work and choose to live.

Permian Asset Management is committed to doing its share as a conscientious corporation, by improving the quality of life in the communities that we touch. We also strive to apply our intellectual capital towards addressing issues of global concern that may be side-effects of our industry, and to mitigate these issues to the greatest degree. Our people are Permian Asset Management's cornerstone, our distinct competitive advantage and our future. We work each day with respect for our firm, our industry and the world in which we conduct business.

PARTNERS

Permian is committed to finding and nourishing the best partnerships in the oil and gas industry. Permian 's partners have proven their value and are well respected among their peers. The following are just a few of the industry partners with which Permian chooses to share their research:

ENERMAX, INC.

http://www.enermaxinc.com/


EVANS ENERGY E2

http://www.evansenergyonline.com/


NEOFIRMA, INC.

http://www.neofirma.com/