Boca Raton, FL (PRWEB) February 6, 2009
Seisma Oil Research, LLC, and their drilling partners in Texas, on February 2, 2009 announced that the West Janice #1 Joint Venture Project in Yoakum, County TX is expected to start paying dividends as early as April or May 2009, despite recent delays due to salt water mixing with the oil and creating a need for disposal. Previously it had been assumed by Bret Boteler, President of Enermax, Inc that dividends would start paying out in or around December 2008, but the presence of salt water has changed that estimated production start date. Notwithstanding this minor issue, the project is moving ahead at a steady pace and production will commence as soon as it is technically possible.
Also announced on that same day is the great news that the West Janice #2 Joint Venture Project, also in Yoakum, County TX, is expected to start paying dividends as early as March or April 2009. The lessons learned from the issues that arose whilst drilling West Janice #1 have helped Seisma to better understand the formations within the drilling area and certain set-backs were avoided, thus allowing West Janice #2 to start producing at an earlier date than the West Janice #1 project.
This area is highly developed, and shows much potential. Our proprietary filtering process allows us to pinpoint specific locations within these prolific areas that were overlooked by traditional geophysical models. Based on our technology, Enermax believes that the EnerMax Exxon West Janice #2 prospect is of sound technical merit, with a high probability of success.