Hinto Energy, Inc. Announces Increased Oil Production
18 June 2014 - 8:00PM
Marketwired
Hinto Energy, Inc. Announces Increased Oil Production
DENVER, CO--(Marketwired - Jun 18, 2014) - HINTO ENERGY, INC.
(OTCQB: HENI) announces increased production from its Mason Lakes,
Montana oil field.
George Harris, the Company's Chief Executive Officer, remarked,
"We have seen an increase in production from our Mason Lake Field
in Montana as a result of our re-work and production enhancement
efforts and are now producing between 25 and 40 barrels of oil per
day, from three wells. We will be increasing our pumping
operations, storage capacity and expanding our transportation and
sales relationships as we bring two additional wells on line during
the next few weeks." Harris continued, "We now have greater
visibility on the true potential of this field and we're hopeful
that recent increases in production will be maintained and enhanced
in the coming months helping us meet our overall production
goals."
After completing the rework of its existing wells, the Company
will begin evaluating Phase Two of the field development plan which
includes drilling additional injection and production
wells. The Company is also evaluating several additional oil
fields in Musselshell County, Montana that have existing
production, potential upside from production enhancements and
adequate spacing options for additional wells.
Hinto Energy, Inc. engages in the exploration, acquisition, and
development of oil and gas properties, with current properties in
Utah and Montana encompassing approximately 15,000 acres and 40
wells. The Company is based in Greenwood Village, Colorado.
Notice Regarding
Forward-Looking Statements
This press release
may contain certain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as
amended. Investors are cautioned that such
forward-looking statements involve risks and uncertainties, which
include among others, the inherent uncertainties associated with
petroleum exploration and development stage exploration companies
including without limitation, other risks detailed from time to
time in the Company's periodic reports filed with the Securities
and Exchange Commission.
Contact Information: Hinto Energy, Inc. Gary Herick Vice
President - Finance 5350 S. Roslyn Road Greenwood Village, CO 80111
(303) 647-4850 www.hintoenergy.com Hanover Financial Services
Ronald J. Blekicki President/CEO 6388 Clearview Road, Suite 100
Boulder, CO 80303 (303) 494-3617
http://www.hanoverfinancialservices.com
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