Hemi Energy (GM) (USOTC:HMGP)
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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.