Hemi Energy Group, Inc. Completes Three Months of Oil Shipments from Kansas
28 October 2006 - 1:53AM
Business Wire
Hemi Energy Group, Inc. (Pink Sheets: HMGP) has completed three
months of ongoing production and shipments from its Kansas leases.
Tanks are nearly at the capacity required for another pickup, and
will be ready for shipment in early November from the leases
located in Woodson County, Kansas. Since the acquisitions, the
company and contract service crews are continuing to rehabilitate,
test pump, re-work and upgrade wells, thereby increasing average
daily production on a well-by-well basis. Keith A. Anderson, CEO
and president of Hemi Energy Group, left on an inspection trip
Thursday, Oct. 26, to do a detailed valuation of reconditioned and
rebuilt equipment at the wells located on over 3 square miles of
leases in eastern�Kansas. A substantial amount of time and funds
has been invested on this equipment, i.e., tanks, pump jacks,
pumps, etc., to improve the value of the lease properties. On this
trip Mr. Anderson will also be meeting with landowners/mineral
owners in Woodson County whose properties are adjacent to or near
the existing leases. These meetings will be early discussions in
regard to possible future expansion in this area. About Hemi Hemi
Energy Group is an independent crude oil and natural gas producer
employing a unique business model capitalizing on technological
advances to exploit mature fields with millions of barrels of
proven oil remaining in the ground. Using attractive lease/royalty
packages, Hemi has secured, in its history, tens of thousands of
acres of productive domestic projects. The company's
forward-thinking strategy has placed it in an enviable position at
a time when prices and global demand for oil continue to rise.
Building on decades of experience in enhanced oil recovery, Hemi
has successfully amassed a substantial and attractive portfolio of
these high-quality domestic properties. By streamlining operations
through cutting-edge technologies, Hemi has the ability to operate
more effectively and efficiently than larger oil companies. For
additional information, please go to http://hemienergy.com or
http://www.stockinformationsystems.com/c/HMGP/index.html. "Safe
Harbor" Statement under the Private Securities Litigation Reform
Act of 1995 Statements in this press release relating to plans,
strategies, economic performance and trends, projections of results
of specific activities or investments, and other statements that
are not descriptions of historical facts may be forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-looking
information is inherently subject to risks and uncertainties, and
actual results could differ materially from those currently
anticipated due to a number of factors, which include, but are not
limited to, risk factors inherent in doing business.
Forward-looking statements may be identified by terms such as
"may," "will," "should," "could," "expects," "plans," "intends,"
"anticipates," "believes," "estimates," "predicts," "forecasts,"
"potential," or "continue," or similar terms or the negative of
these terms. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements.
The company has no obligation to update these forward-looking
statements. Hemi Energy Group, Inc. (Pink Sheets: HMGP) has
completed three months of ongoing production and shipments from its
Kansas leases. Tanks are nearly at the capacity required for
another pickup, and will be ready for shipment in early November
from the leases located in Woodson County, Kansas. Since the
acquisitions, the company and contract service crews are continuing
to rehabilitate, test pump, re-work and upgrade wells, thereby
increasing average daily production on a well-by-well basis. Keith
A. Anderson, CEO and president of Hemi Energy Group, left on an
inspection trip Thursday, Oct. 26, to do a detailed valuation of
reconditioned and rebuilt equipment at the wells located on over 3
square miles of leases in eastern Kansas. A substantial amount of
time and funds has been invested on this equipment, i.e., tanks,
pump jacks, pumps, etc., to improve the value of the lease
properties. On this trip Mr. Anderson will also be meeting with
landowners/mineral owners in Woodson County whose properties are
adjacent to or near the existing leases. These meetings will be
early discussions in regard to possible future expansion in this
area. About Hemi Hemi Energy Group is an independent crude oil and
natural gas producer employing a unique business model capitalizing
on technological advances to exploit mature fields with millions of
barrels of proven oil remaining in the ground. Using attractive
lease/royalty packages, Hemi has secured, in its history, tens of
thousands of acres of productive domestic projects. The company's
forward-thinking strategy has placed it in an enviable position at
a time when prices and global demand for oil continue to rise.
Building on decades of experience in enhanced oil recovery, Hemi
has successfully amassed a substantial and attractive portfolio of
these high-quality domestic properties. By streamlining operations
through cutting-edge technologies, Hemi has the ability to operate
more effectively and efficiently than larger oil companies. For
additional information, please go to http://hemienergy.com or
http://www.stockinformationsystems.com/c/HMGP/index.html. "Safe
Harbor" Statement under the Private Securities Litigation Reform
Act of 1995 Statements in this press release relating to plans,
strategies, economic performance and trends, projections of results
of specific activities or investments, and other statements that
are not descriptions of historical facts may be forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-looking
information is inherently subject to risks and uncertainties, and
actual results could differ materially from those currently
anticipated due to a number of factors, which include, but are not
limited to, risk factors inherent in doing business.
Forward-looking statements may be identified by terms such as
"may," "will," "should," "could," "expects," "plans," "intends,"
"anticipates," "believes," "estimates," "predicts," "forecasts,"
"potential," or "continue," or similar terms or the negative of
these terms. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements.
The company has no obligation to update these forward-looking
statements.
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