Office Managers, Inc. Subsidiary Western Gas Corporation Signs Agreement for a Gas Drilling Prospect with the Ken Lyons Company of San Angelo, Texas.Business Editors SALT LAKE CITY--(BUSINESS WIRE)--Aug. 26, 2003 Office Managers, Inc (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :OFFM OFFM Office of Federal Financial Management (OMB) ) is an incubator company whose purpose is to identify and acquire companies with a unique technology and/or product, infuse inĀ·fuse v. 1. To steep or soak without boiling in order to extract soluble elements or active principles. 2. To introduce a solution into the body through a vein for therapeutic purposes. them with necessary capital and development, and spin off those companies as a value-added to OFFM shareholders. The purpose of the formation of wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Western Gas Corporation is to take advantage of the ever-increasing need for energy in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. coupled with the price of gas in excess of $5.00 per thousand cubic feet. Western Gas Corporation has signed an Agreement with The Ken Lyons Company of San Angelo, Texas San Angelo is a city in and the county seat of Tom Green CountyGR6, Texas, United States. It is also the principal city of the "San Angelo, Texas Metropolitan Statistical Area" that includes all of Irion and Tom Green county. to participate on a percentage bases in a variety of Prospect gas drilling programs beginning in September 2003. The first Agreement signed is to take a 5.625% working interest in the leases of the Lightner Prospect in Concho and Mc Culloch Counties, Texas. The Assignment shall be made without warranty and shall convey to Western Gas, a 4.50% net revenue interest in the Leases. The Lightner Prospect first Well-Krieg "A"#1 includes 646 acres and is located 4 miles South of Melvin, Texas Melvin is a town in McCulloch County, Texas, United States. The population was 155 at the 2000 census. Geography Melvin is located at (31.197066, -99.580582)GR1. . The Wells total depth will be 1750 feet and can possibly encounter 3 pay zones within such shallow drilling. With natural gas prices so outstanding and the inexpensive costs to drill at these depths, makes this an outstanding prospect. The Operator, Le Clair Operating Co, expects to take possession of the drilling rig the week of September 8, 2003. The drilling is expected to take approximately two weeks and further news will be released at that time. By the Board of Directors The foregoing contains forward looking statements. For this purpose any statements contained in this document that are not statements of historical fact may be deemed to be forward looking statements. Without limiting the foregoing, such works as "may", "will", "believes", "anticipates", "estimate", "continue", or comparable terminology intends to identify forward looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending upon a variety of factors, including but not limited to, the successful negotiation and execution of the definitive acquisition agreement and receipt of certain exhibits and schedules requested by Office Managers, Inc. |
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