Hemi Energy (GM) (USOTC:HMGP)
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Hemi Energy Group Inc. (Pink Sheets: HMGP) has entered
into an exclusive purchase agreement with Plains Crude Oil Marketing
Group, part of Plains All American Pipelines LP (NYSE: PAA), to sell
all oil produced from the oil leases located in Woodson County,
Kansas. Currently Hemi's oil storage is at full capacity and is
awaiting pickup for the first sale of oil off these leases. Keith
Anderson, CEO and president of Hemi Energy Group, stated, "As
reworking and upgrades to these wells continue, we are seeing stronger
than expected production as we bring these wells back online.
Currently we are still analyzing the methods that are allowing maximum
production and reserve recovery and will be better prepared to
disclose average daily production rates in the near future."
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 http://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.