HMGP Hemi Energy Group Inc (GM)

Hemi Energy Group, Inc.�s (Pink Sheets:HMGP) first new oil well on our Woodson County leases results confirm our information of this lease�s geological formation reserves and also information from the reserve report about blanket formations. It will take nearly a week to complete all the necessary steps to fully bring this well online in order to determine the bbls per day of output. The well had a very good oil show thru drilling tests, confirming this as a good well, even before the steps which will be been taken to enhance the online production of BBLs per day. Hemi has extensive oil well experience using carefully chosen completion techniques which increases oil production. The main oil zone we are producing from has 11 feet of payzone based on open hole well logging and formation cuttings obtained while drilling. We are evaluating geological information gathered from this drilling, by using several methods, that will allow us to more efficiently develop geological reserves from future oil wells on these six leases. Hemi will drill a second oil well (Hemi 1) in March, 2007 on the same lease because of the success of the first well (Hemi 2) and also based on new geological information derived from the Hemi 2 well. Hemi�s developmental new well drilling program will drill multiple new wells per month throughout the second quarter on the Woodson County, Kansas leases. As we get into warmer spring weather, we will have access to some of the better locations on each lease. Based on our experience of previously reworked wells on these leases, we will be selecting sites for drilling new wells. Management is aware of the exaggerated price swings that occurred very recently and believes that over time the fundamental asset values of the company will reflect its accurate worth. As the reserves are proved up and the leases in five states are properly valued, surely the present market cap will be seen as still very under-valued for 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. 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. For additional information, please go to http://hemienergy.com or http://www.stockinformationsystems.com/c/HMGP/index.html