Hemi Energy Explores Financing to Expedite Well Development in Kansas

  
    
  
  
    
      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.