The West Janice #1 Joint Venture Project has struck oil in the 1st Devonian as well as the Wolfcamp formation proving once again that Permian Asset Management, AVV is a great choice for oil and gas investment.
Boca Raton, FL - September 5, 2008 -- The West Janice #1 Joint Venture Project has struck oil in the 1st Devonian as well as the Wolfcamp formation. Following their success in December of 2007, with the Bigger Badder Wolf Project, West Janice #1 is poised to be an even more productive strike proving once again that Permian Asset Management, AVV is a great choice for oil and gas investment.
The company's spokesperson , when questioned about the potential of this strike had this to say. "West Janice #1 is a great success for us and for our partners. We knew from the initial seismic data and 3-D imaging that we had some great potential exhibited in the West Janice area, but to say we are simply pleased with the proven result would be an understatement. We are continuing to analyze the data coming from the drill site and we will soon know the true enormity of this particular venture."
Permian is currently checking all the data from the recent FMI (Formation Microresistivity Imager) and Permian's technical team is more than confident they have a commercially productive well in the ABO and San Andres pay zones as well. This most recent discovery and strike help to reinforce the belief in a very large regional trend which will increase Permian and its partners niche in the Texas drilling industry and the American oil investment market as well.
:: About Permian Asset Management, AVV ::
Permian Asset Management is one North America’s leading independent brokers of Oil Well Joint Venture Partnerships. Our projects and, our partners’ projects, to date have realized in excess of a hundred million barrels petrochemical product.
Our staffs are experts in their field with backgrounds in venture capital, 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.
:: 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
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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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