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HMGP Hemi Energy Group Inc (GM)

0.000001
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Hemi Energy Group Inc (GM) USOTC:HMGP OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.000001 0.000001 0.00 01:00:00

Hemi Energy to Sell First Oil Produced from Kansas Leases

01/08/2006 1:00pm

Business Wire


Hemi Energy (GM) (USOTC:HMGP)
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From Jul 2019 to Jul 2024

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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.

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1 Year Hemi Energy (GM) Chart

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1 Month Hemi Energy (GM) Chart

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