EMM announces 2009 Operational Results and SEDAR filing of Second Quarter 2009 Financial Results, MD&A Revenue up 37.2%

    CALGARY, Sept. 1 /CNW/ - EMM Energy Inc. "EMM" (TSX VENTURE:M) announces
the SEDAR Filing of the Financial Statements for the quarter ended June 30,
2009 together with the management's discussion and analysis. The complete
reports can be viewed at www.SEDAR.com

    Financial and Operations Highlights
    Gross revenue for the three months ended June 30, 2009 were $3.3 million
a jump of 37.2 percent from the $2.4 million recorded in the same period of
    Cash flow from operations was $1.3 million ($0.21/share) for the quarter
ended June 30, 2009 unchanged from the $1.3 million ($0.20/share) for the same
quarter of 2008. The strong cash flow was the result of a payout adjustment
for 2008 production from the Ricinus well.
    Bank debt at June 30, 2009 was reduced to nil versus the $400,000
recorded at the end of June 2008.
    In the quarter ended June 30, 2009, EMM produced 371 boe/d net, a 63.4
percent increase from the 226 boe/d averaged in the same quarter of 2008. This
increased production was mainly from the Ricinus well.
    Gas production was up 119 percent to 1,833 mcf/d for the three months
ended June 30, 2009 versus 837 mcf/d in the first three months of 2009.
    EMM and partners shut in the Ricinus well in early July 2009 due the
continuing low natural gas and sulphur prices and the high costs of processing
the sour gas at the Caroline gas plant. The well will remain shut in until
prices improve or alternative processing can be arranged. EMM will review the
operating costs at other wells and may temporarily shut in additional
production until prices recover.
    EMM anticipates improving commodity prices and improving cash flows in
the winter of 2009 and into 2010. The company has a strong balance sheet and
cash available to persue acquisitions or merger opportunities.

                               2009 HIGHLIGHTS
                                                     Quarter ended June 30th
    ($000's Cdn unless otherwise noted)               2009     2008   Change
    Gross revenue                                    3,309    2,411   +37.2%
    Cash flow from operations                        1,320    1,298    +1.7%
    Per share (basic)                                 0.21     0.20    +5.0%
    Per share (diluted)                               0.21     0.20    +5.0%
    Net income (loss)                                  738      996   -25.9%
    Per share (basic)                                 0.12     0.15   -20.0%
    Per share (diluted)                               0.12     0.15   -20.0%
    Capital expenditures                               341       11   +3000%
    Bank debt                                            0      400      n/a
    Production sales
    Oil (bbls/d)                                      58.2     77.9   -25.3%
    Natural gas (mcf/d)                              1,833    837.2  +118.9%
    NGL (bbls/d)                                       6.8      8.7   -21.8%
    Total (boe/d at 6 mcf: 1 bbl)                      371    226.1   +63.4%
    Sulphur Sales (tonnes/d)                         1,150  1,784.2   -35.5%
    Average Pricing
    Natural gas ($/mcf)                               3.01     9.69   -68.9%
    Oil ($/bbl)                                      64.09   119.71   -46.5%
    NGL ($/bbl)                                      35.60    96.28   -63.0%
    Combined ($/boe) (excludes sulphur)              25.60    80.81   -68.3%
    Sulphur ($/T)                                     3.49   419.48   -99.2%

    EMM is a junior oil and gas company operating in Alberta and trades on the
TSX Venture Exchange under the symbol "M"
    Additional information and EMM financial statements are available on SEDAR
at www.sedar.com

    The TSX Venture Exchange has neither approved nor disapproved of the
    information contained herein.

    This press release may include forward-looking statements which are
statements other than of historical fact, such as information regarding
drilling potential and production forecasts. Factors that could cause actual
results to differ materially from our expectations include exploration and
development risks, commodity prices and operating hazards. A barrel of oil
equivalent (boe), derived by converting gas to oil in the ratio of six
thousand cubic feet of gas to one barrel of oil, may be misleading,
particularly if used in isolation. A boe conversion is based on an energy
equivalency conversion method primarily applicable at the burner tip and does
not represent a value equivalency at the wellhead.

    %SEDAR: 00014953E

For further information:

For further information: EMM Energy Inc., Brian Boulton, President,
phone (403) 213-3339

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