Hemi Energy (GM) (USOTC:HMGP)
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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.