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I read this mail may be very late. Although may be for other person can get help from this.
To come out from this problame.
Set weblogic home
eg: SET WL_HOME=D:\weblogic\server
and check that D:\weblogic\server contains follwin files
TIPS: Better search for file weblogic.jar in your weblogic directory and set direcoty name to WL_HOME
I had to put a file called persistence.install in a folder called persistence immediately under weblogic.jar. So if you copy weblogic.jar then add ./persistence/persistence.install to it. The content of that file is one line: