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.