The Los Dos Apaches #6 Joint Venture Project hit gas in February 2009 and is now producing and on the way to market. Following their success in December of 2007, with the Bigger Badder Wolf Project and again in September 2008 with West Janice #1 and then West Janice #2 shortly thereafter, Permian Asset Management, AVV and their Industry Partners are happy to announce the sales of this very productive strike; proving once again that Permian Asset Management, AVV is a great choice for oil and gas investments.
A spokesperson of Permian Asset Management, AVV, when questioned about Los Dos Apaches #6 had this to say. "Between 11:00 and 12:00 on April 18th Los Dos Apaches #6 went to sales. The well had a shut in tubing pressure of 1400 lbs. and it is now flowing on a 14/64th choke. Gas is flowing through all lines and pressuring up production vessels. Our partners will be monitoring the well and getting the flow rates stabilized and then they can gauge and report on progress daily. It is too early to know field rates until the well has been on line a while longer."
:: Company Philosophy and Ethos ::
Permian Asset Management’s philosophy is to add value and be accordingly rewarded, this has proven to be our simple yet successful formula throughout the years.
Our expertise and excellent reputation provides a solid ground to build-up continuously long term relationships with our industry partners and customers, and allows us to expand our 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 a positive contribution to society through our focus on the environment, our people, responsible business practices, community investment and by strengthening the next generation. Since our company was established and thrives on the key acumen of doing first-class business in a first-class way, we take the grander view that the way business is done means a lot to our clients.
Our world view, and global citizenship, is a direct manifestation of Permian Asset Management’s core values and 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 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.
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: https://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.
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