There are a lot of novice oil companies in the U.S. right now trying to get a piece of the pie. Most will make very costly mistakes that will severely affect their investments. Seisma's primary focus is to select investment opportunities with experienced companies that have excellent risk / reward ratios
Hurst, TX (PRWEB) October 2, 2007
EnerMax is proud to announce a newly-formed partnership with Seisma Oil Research LLC, a Florida-based company that specializes in discovering and developing oil and gas properties in the United States. EnerMax is one of several companies selected by Seisma to provide its group of international partners with high-quality domestic drilling prospects.
Recently, as other currencies have strengthened compared to the U.S. dollar, foreign companies and individuals have grown increasingly interested in oil and gas opportunities in the United States. "Our partners are receiving a tremendous amount of value in today's economic environment," said Edwin Gomez, a Seisma executive, "With currency exchange rates the way they are right now, it makes sense for international investors to use that to their advantage. They can gain access to a high-value commodity at relatively low prices."
As with all top commodities, recent record prices have generated a frenzy as new oil companies try to enter the market. "There are a lot of novice oil companies in the U.S. right now trying to get a piece of the pie. Most will make very costly mistakes that will severely affect their investments. Seisma's primary focus is to select investment opportunities with experienced companies that have excellent risk / reward ratios," said Mr. Gomez.
Bret L. Boteler, President of EnerMax, is excited about the promising new partnership. "Seisma is helping us expand our partner base to the global level while keeping operations in our backyard. It's the best of both worlds. This relationship will allow us to accelerate the expansion our operations and we're very excited about that."
EnerMax and Seisma Oil Research will begin their partnership by focusing on exploration projects in the Texas Gulf Coast in West Texas regions.
EnerMax, Inc. is an independent oil and gas company specializing in the exploration and development of proven reserves. Our mission is to acquire and develop technology driven projects that increase in value. To accomplish our goal, EnerMax's experts utilize E&P technologies that provide an edge in every stage of planning and decision making: prospect generation, drilling and production. EnerMax is currently pursuing exploration and development opportunities in several areas including the Texas/Louisiana Gulf Coast, South Texas and West Texas.
For additional information on EnerMax Inc., visit http://www.enermaxinc.com
About Seisma Oil Research
Seisma's principal activities are to acquire, operate, explore, exploit and develop oil and gas properties in the United States. Seisma's portfolio emphasis includes production, exploration, pipeline and a new emphasis in renewable energy such as ethanol and bio diesel. Group operations are carried on mainly in the Mid-Continent Region, Permian Basin, Gulf Coast/Gulf of Mexico and other areas of South Texas. Seisma's principal partners live around the world.
For additional information on Seisma Oil Research , LLC, visit http://www.seismaoilresearch.com
This press release includes "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 actual results or developments may differ materially from those projected in the forward-looking statements.