Hemi Energy Group Inc. (fka HMGP)

[bdahl385]

Sputnik - you're wasting your time researching data from the KGS site, you've already been told that their data is incomplete and inaccurate by other posters. The production figures at the KGS do not match the official Hemi PR's.

Another case in point, here is the official PR from Hemi released 11/12/2007 regarding the Tebbens-Hemi #2 well:

http://hemienergy.com/11-12-07.html

FORT WORTH, Texas--(BUSINESS WIRE)--Hemi Energy Group, Inc. (Pink Sheets:HMGP - News): The Tebbens-Hemi-2 oil well flushed in at 43 bbls per day after the fracing process was completed on our lease in Woodson County, KS.

Now here is the Well Completion document I found at the KGS for this same well:

http://www.kgs.ku.edu/PRS/Documents2/2008_10_01_KCC/A0012243.pdf

At the bottom of page two, dated 11/12/2007 shows the IP (Initial Production) of oil at 18 barrels and 30 barrels of water.


The PR number and the KGS document don't seem to match, now do they??? But wait a minute, if you read the Hemi PR again, carefully, the 43 bbls it refers to doesn't specifically mention that it is oil. If you add together the KGS filed report, you see that 18 + 30 is 48.... So the Hemi PR is close, it did "flush in" at 48 barrels but only 18 was actually oil.