Hemi Energy Explores Financing to Expedite Well Development in Kansas
06 December 2006 - 1:15AM
Business Wire
Hemi Energy Group, Inc. (Pink Sheets HMGP): In November several
financial entities contacted Hemi Energy with offers to acquire
stock and/or participation in well development. The company is in
discussions with these parties in developing financial options to
expedite development of our Kansas oil field without diluting
shares and thereby safeguarding our stockholders interest. Hemi is
considering an equipment debt instrument, one of several financing
options available to us. This funding could also be used in
conjunction with other financial ventures in expediting new well
development. No form of convertible adjustable price debenture,
commonly known in the marketplace as death spiral financing, will
be issued by Hemi Energy for any form of financing. Shareholders
with blocks of stock may consider contacting the company for
information about referrals. This, in no way, should be construed
as an offer to buy or sell stock. Hemi Energy is not making an
offer to buy stock and is not acting as an agent for buying or
selling of stock. The company management believes that the current
market price of its common stock is artificially low based on the
company's current oil production from Kansas leases and its
increasing oil production in 2007. Hemi Energy will be cash flow
positive ending December from November oil shipment payments. There
will be no need nor intent to sell new shares to complete the
re-working of all the old wells in Woodson County, Kansas since
ongoing oil production will provide necessary funding. Hemi Energy
has not sold shares in the public market in 2006. Hemi management
has not sold shares out of their account in the public market in
2006. The shares issued by the company in 2006 were used to acquire
the five leases in Kansas, for funding that developed and improved
these leases, needed professional services, and partial salary
compensation for management. 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): In November
several financial entities contacted Hemi Energy with offers to
acquire stock and/or participation in well development. The company
is in discussions with these parties in developing financial
options to expedite development of our Kansas oil field without
diluting shares and thereby safeguarding our stockholders interest.
Hemi is considering an equipment debt instrument, one of several
financing options available to us. This funding could also be used
in conjunction with other financial ventures in expediting new well
development. No form of convertible adjustable price debenture,
commonly known in the marketplace as death spiral financing, will
be issued by Hemi Energy for any form of financing. Shareholders
with blocks of stock may consider contacting the company for
information about referrals. This, in no way, should be construed
as an offer to buy or sell stock. Hemi Energy is not making an
offer to buy stock and is not acting as an agent for buying or
selling of stock. The company management believes that the current
market price of its common stock is artificially low based on the
company's current oil production from Kansas leases and its
increasing oil production in 2007. Hemi Energy will be cash flow
positive ending December from November oil shipment payments. There
will be no need nor intent to sell new shares to complete the
re-working of all the old wells in Woodson County, Kansas since
ongoing oil production will provide necessary funding. Hemi Energy
has not sold shares in the public market in 2006. Hemi management
has not sold shares out of their account in the public market in
2006. The shares issued by the company in 2006 were used to acquire
the five leases in Kansas, for funding that developed and improved
these leases, needed professional services, and partial salary
compensation for management. 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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