Hemi Energy (GM) (USOTC:HMGP)
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From Jul 2019 to Jul 2024
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Hemi Energy (Pink Sheets: HMGP) is finalizing the
acquisition of approximately 104 additional wells. These additional
wells are located adjacent and offsetting to the 63 wells currently
being upgraded and converted to EOR (Enhanced Oil Recovery). This
acquisition will allow for ongoing expansion of Hemi's current Eastern
Kansas EOR operations. This critical acquisition will give Hemi in
excess of four contiguous square miles of EOR operations. This
acquisition is expected to close within 7-14 working days
On a further note, Canadian geologist E. A. Eddie Hunt of Tectonic
Energy Consulting Inc., Calgary, Alberta, Canada, has completed his
Kansas field research and has returned to Calgary to begin preparation
of optimum EOR stimulation methods in order to yield maximum
production and recovery of the petroleum reserves. According to Hunt,
preliminary indications show significantly higher than anticipated
proved reserves, which may also warrant the need for in-fill and
step-out drilling of new wells. A full geological report should be
completed within 7-14 working days.
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 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 www.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.