HMGP Hemi Energy Group Inc (GM)

Hemi Energy Group, Inc. (Pink Sheets: HMGP) The company acquired two oil and gas leases with a total 640 gross acres divided by the county line of Burke and Divide Counties, in northwestern North Dakota in 2002. Current natural gas prices are now almost three times higher than at the time the lease was purchased. The three other leases adjoining Hemi's lease on three sides have five producing wells owned by other oil companies which are within one mile and less of the Hemi lease. Three of these wells have been completed after Hemi acquired its lease and development of other reserves is ongoing. Each one of the five producing natural gas wells adjacent to the company's lease has a common characteristic of an approximate revenue of $4 million or more over an economically viable life of ten/fifteen years at current natural gas prices. Management is in discussions with interested parties about how to develop the natural gas reserves on Hemi's lease that has the same geological formations as the adjoining leases. Several financing options are available and are being considered for funding the development of the lease. 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 Provision 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) The company acquired two oil and gas leases with a total 640 gross acres divided by the county line of Burke and Divide Counties, in northwestern North Dakota in 2002. Current natural gas prices are now almost three times higher than at the time the lease was purchased. The three other leases adjoining Hemi's lease on three sides have five producing wells owned by other oil companies which are within one mile and less of the Hemi lease. Three of these wells have been completed after Hemi acquired its lease and development of other reserves is ongoing. Each one of the five producing natural gas wells adjacent to the company's lease has a common characteristic of an approximate revenue of $4 million or more over an economically viable life of ten/fifteen years at current natural gas prices. Management is in discussions with interested parties about how to develop the natural gas reserves on Hemi's lease that has the same geological formations as the adjoining leases. Several financing options are available and are being considered for funding the development of the lease. 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 Provision 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.