POSTED OIL PRICE in 13 KEY STATES
(These States look familiar)

POSTED OIL PRICE in 13 KEY STATES
(These States look familiar)


Plains Marketing, L.P. Where have I heard that name????
http://abyss.kgs.ku.edu/pls/abyss/oil.ogl5.MainLease?f_lc=1001106964

These states look familiar.......
POSTED OIL PRICE in 13 KEY STATES

Yes, that is correct. Will post graphic confirmation. em

Last wells......

More wells......

More Wells...

More wells....

More Wells.........

Some RWNW Well Listings with the State

OT The search and PM features are invaluable.
Congratulations.

Wednesday's news re-released by a promoter.
"Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Today's activity on the OTC PK market has brought this company to the attention of our research team."

Possible future scenario for HMGP. This is the account of another tiny oil company with obvious good leadership similar to our team HEMI.

" A tiny oil company has snapped up leasing rights to a half-million acres in central Utah that it says could yield a billion barrels or more of oil. Geologists are calling it a spectacular find — the largest onshore discovery in at least 30 years, located in a region of complex geology long abandoned for exploration by major oil companies."

http://www.pttc.org/tech_sum/ts_v11n2/ts_v11n2_2.htm
http://deseretnews.com/dn/view/0,1249,600131526,00.html

State, County, Lease info taken from PR's and Board DD.....

KANSAS
Woodson County:
The independent geo report estimates 7.2 million bbls of oil for the 5 leases in Woodson Co. Hemi also has another 1440 acres in Woodson Co. and believes it is comparable, for a total of 14+ million bbls of oil. Hemi Energy Group, Inc.'s first new oil well on our Woodson County leases confirms our information of this lease's geological formation reserves and also information from the reserve report about blanket formations.

Montgomery County:
Hemi Energy Group, Inc. (Pink Sheets HMGP) is currently exploring options to bring the one shut-in gas well on line for future gas production on its Montgomery County lease near the town of Cherryvale, Kansas. Hemi Energy has 100% working interest (net revenue interest of 80%) in this lease. Hemi believes this well will produce over 200 MCF to as much as 500 MCF per day based on detailed history of the lease from the pumper and information sharing with a local Kansas gas operator and producer.
We are discussing the possibility for drilling a new joint venture gas well with this local Kansas operator because of the value of these multiple gas production formations... This operator could provide turnkey drilling of the gas wells, with all necessary equipment and personnel to expedite the completion process to produce the wells.
The two reworked oil wells on the front of the Montgomery County lease are producing combined total of 25 bbls per day. The tank capacity on the back of the lease is currently being increased so that we can bring the four additional mature reworked oil wells on line. Therefore, the production for the full month of March from all six reworked oil wells will clearly exceed our February projection of 1500 bbls of oil. The shut-in gas well on this lease and the value of the two gas zones on the lease will make developing the gas formations financially obvious. Hemi Energy has 100% working interest (net revenue interest of 80%) in this lease near the town of Cherryvale, Kansas.


TEXAS
Sabine County:
Hemi Energy Group, Inc. (Pink Sheets: HMGP) acquired three adjacent oil and gas leases with a total of 360 gross acres in Sabine County near the town of Hemphill, Texas. Natural gas prices are currently more than two times higher than at the time the leases were purchased in 2003. The geological formations under Hemi's leases, known as James Lime, Cotton Valley and Travis Peak, are the same formations that are under the major gas field that is now only approximately four miles to the north in Shelby County. In the past these leases have had two producing gas wells, but because of economic reasons they were abandoned in the 1970s. Major oil companies have been developing and producing these natural gas fields for over five years which started approximately 15 miles away and have been steadily trending toward the Hemi leases. Currently new gas wells are being drilled approximately 4 miles north. The width of the proven gas reserves in these geological formations are narrow, being only 5 to 10 miles wide. The average gas well in this major gas field in Shelby County typically produces over 2,000 MCF per day 2(mMCF) or gross revenue of approximately $360,000 per month. These gas wells and gas fields have common characteristics of a slow rate of decline in gas production and have an economically viable life of over ten years...


NEW MEXICO
Chaves County:
Hemi Energy has approximately four thousand acres on a lease in southeastern New Mexico near Roswell in Chaves County. This lease has historic oil production. There have been new wells drilled by other oil companies that are currently producing, and new reserves being explored in Eddy and Lea County adjacent to and south of Chaves County.

NORTH DAKOTA
Burke and Divide Counties:
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.

Lowman....According to the Journal, geologists estimate that there might be as much as 200-400 billion barrels of oil in an area that covers parts of Montana, North Dakota, and Canada, known as "The Bakken." You got that report on Richard Findlay's 300 wells that are producing 48,000 bopd? Average 160 bopd per well? Hemi's N.D. leases are right there in the heart of it all. This lease is right in the heart of the Bakken formation, which the DOE themselves have stated is the largest oil find in the U.S. in 56 years.

WYOMING
??????????????????????

NVMG Potential Market:

Oglala Sioux Tribe A Profile



Pine Ridge is home to the Oglala Lakota who are members of a major Sioux division known as the Western or Teton Sioux. Pine Ridge has a tribal membership that totals 17,775. One third of the total population report Lakota as their first language.

Pine Ridge Reservation Districts:

1. Eagle Nest 4. Pass Creek 7. Wakpamni
2. LaCreek 5. Pine Ridge 8. White Clay
3. Medicine Root 6. Porcupine 9. Wounded Knee

Tribal/Agency Headquarters: Pine Ridge, SD
Counties: Bennett, Jackson, Shannon, South Dakota
Enrolled membership: 17,775
Reservation Native Population: 20,806*
Labor Force: 10,280
Unemployment rates: 83%
Language: Lakota, English
Lakota Bands: Oglala
*However, a study conducted by Colorado State University and accepted by the Federal Department of Housing and Urban Development estimate the resident population to be approximately 28,000.



LAND:

Land Status: Acres
Total Area: 2,000,000
Tribal Owned: 706,340
Allotted Owned: 1,064,840
Total Tribal/Allotted Owned: 1,771,180
Government Owned: 1,536
Non-Indian Owned: Not available
Reservoir Taken area: Not available

Terrain: Rolling hills, woodlands, river valleys and creeks dominate the reservation.

Tribal Lands Acres
Agriculture 84,983
Grazing 1,308,064
Forestry 230,729

The Pine Ridge Reservation is situated in southwestern South Dakota on the Nebraska state line, about 50 miles east of the Wyoming border. The area includes over 11,000 square miles contained in seven counties; Bennett, Custer, Fall River, Jackson, and Shannon counties in South Dakota. Pine Ridge, Kyle, and Wanblee are the largest communities on the reservation. Other smaller communities include Manderson, Oglala, Porcupine, Red Shirt, and Wounded Knee.

The three diverse geographic regions within the service unit borders make Pine Ridge one of the most scenic service units within the Aberdeen Area. The southern and eastern sections of the service unit consists of wide open grassy plains. In the west central section the prairie merges into the small eastern spurs of the Black Hills which are further to the west. The result is an area of rolling pine covered hills and ridges, providing the inspiration for the name Pine Ridge. To the north of the wooded area are approximately 160,000 acres of badlands, characterized by roughly eroded ridges, peaks, and mesas. The badlands are known for their panoramic beauty created by the shapes and colors of the land formations.

The Pine Ridge reservation is home to the Oglala Sioux Tribe. The Reservation is located in southwestern South Dakota with Fall River and Custer County lines as the western border with the Badlands and Jackson County as the northern border joining the Rosebud Reservation on the northeast corner. The Bennett County line is the eastern boundary and the Nebraska border is the southern boundary of the reservation. The total land area of the Pine Ridge reservation is 2.8 million acres with 1.7 million acres tribally or individually owned. The land is an integral part of the Lakota culture and the economic base of the reservation.


HOUSING

Public housing on the reservation is managed by the Oglala Sioux Tribal Housing Authority. The Authority has constructed housing for approximately 43% of the approximately 2,300 families on the reservation. The Housing Authority manages housing units in the communities an on scattered rural sites through HUD Low Rent and Mutual Help home ownership housing programs. Other housing is available through the Bureau of Indian Affairs and Indian Health Service for their employees. Private housing stock is limited.

The housing has been apportioned to the nine (9) districts by population and need. The Housing Authority is working on reducing the backlog of substandard housing and also to construct houses for approximately 4% of the families that do not have any housing of their own.

Posted by: Rocketstocks
In reply to: None Date:3/27/2007 8:13:26 PM
Post #of 11612

this came out 6 hours ago....

Hurricanes May Target Gulf of Mexico, Forecasters Say (Update1)

By Courtney Dentch

March 27 (Bloomberg) -- Powerful tropical storms and hurricanes are forecast to strike the Gulf Coast this year, threatening an area still recovering from the worst natural disaster in U.S. history, AccuWeather.com said.

The June-November hurricane season may spawn intense storms in the Gulf of Mexico, where Hurricane Katrina caused at least $81 billion in damage, including ripping up oil rigs, during the record 2005 season. Oil and gasoline prices reached new highs as the storm briefly halted energy production in the region and reduced output by 1 million barrels a day for months.

``This year's stronger storms are likely to cause the kind of disruption that will be felt in wallets and pocketbooks,'' said Joe Bastardi, chief forecaster for State College, Pennsylvania-based AccuWeather.

Energy traders watch the Atlantic hurricane season closely because of the potential for storms to enter the Gulf of Mexico, where 30 percent of U.S. oil and 21 percent of its natural gas are produced.

``As we saw with Katrina, you can get some damage to production facilities that will knock out supply for a while,'' said George Ellis, an energy analyst with BMO Capital Markets in New York. ``You've got the potential for damage to rigs and platforms.''

AccuWeather's prediction comes after the 2006 hurricane season produced fewer storms than forecasters expected. Last year, 10 Atlantic weather systems reached tropical-storm strength, and five became hurricanes, with two strengthening to major status with winds above 111 mph (179 kilometers per hour).

Fewer Storms Expected

Weather systems become named tropical storms once winds reach 39 mph. Hurricanes have winds of more than 74 mph.

Bastardi expects this year will yield fewer storms than the record-breaking 27 that formed in 2005, although he didn't forecast a specific number. Warm Atlantic Ocean temperatures and historical weather cycles will drive the storms, he said.

``We are in a cycle where weather extremes are more the norm and not the exception,'' Bastardi said. ``Last year was just a breather, because the overall pattern shows no sign of reversing.''

The Atlantic Ocean temperatures are warming as part of a naturally weather pattern that could last another 15 to 20 years, Bastardi said today in New York.

The East Coast will also probably see storms make landfall this year, said Ken Reeves, director of forecast operations at AccuWeather. AccuWeather correctly forecast last year that the East Coast faced a bigger threat from storms than the Gulf.

Colorado Forecast Next

``Less risk does not necessarily mean no risk,'' Reeves said. ``All it takes is one storm to change the face of a coast and the lives of its residents.''

AccuWeather emphasizes the potential track and intensity of storms in forecasting the severity of the hurricane season, rather than predicting the number of storms, Reeves said.

Tropical Storm Risk, a U.K.-based group of forecasters and insurance companies, predicted last week that 17 tropical storms will form, with nine reaching hurricane force and four of those becoming major hurricanes.

Colorado State University researchers Philip Klotzbach and William Gray forecast 14 storms and seven hurricanes, including three major, in a December report. The team will update its 2007 forecast next week.

On average, 10.6 named storms and 5.9 hurricanes were recorded annually in the Atlantic basin from 1965 to 2004, according to the U.S. National Oceanic and Atmospheric Administration.

To contact the reporter on this story: Courtney Dentch in New York at cdentch1@bloomberg.net .
Last Updated: March 27, 2007 15:04 EDT

Posted by: Rocketstocks
In reply to: None Date:3/27/2007 7:45:40 PM
Post #of 11612


Traders on hair-trigger, oil spikes more than $5

SHAWN MCCARTHY

Globe and Mail Update

OTTAWA — Anxious energy traders displayed a hair-trigger reaction Tuesday to tight crude oil markets, driving prices sharply higher on a mere rumour of military confrontation between Iran and the United States and its British ally.

And analysts said North Americans motorists face the potential for much higher prices in the coming driving season if the standoff over Iran threatens to disrupt crude oil shipments in the Middle East.

In after-hours trading, U.S. crude oil futures Tuesday spiked more than $5 (U.S.) per barrel to briefly top $68 (U.S.) – the highest mark since last September – after rumours surfaced of military action over Iran's seizure of 15 British marines and sailors.

After the initial surge, prices settled back to $64.50 a barrel, up $1.59 from Monday's close.
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The Globe and Mail

Calgary-based oil analyst Peter Linder said the market is extremely nervous about the potential for war in Iran, and any subsequent closing of the Gulf of Hormuz, through which a quarter of the world's oil passes.

“This is the most dangerous area in the world in terms of supply and demand for oil,” said Mr. Linder, vice-president, investment, for Delta One Energy Fund.

“If there is war with Iran and the straits are closed, you could see $100 oil. So you ain't seen nothing yet – possibly.”

A Pentagon spokesman said the U.S. military was not aware of any confrontation in the Persian Gulf.

“I'm not aware of anything. No one is beating down the door,” said Defence Department spokesman James Turner, when asked about a possible military response to the incident.

He noted that prices spiked to a record $78 last summer based on concerns about Iran's nuclear program and the loss of several hundred thousands barrels of oil when the Alaska pipeline was shut down.

A military confrontation with Iran would have a far greater impact, he said.

So far there has been no disruption to Iran's daily shipments of around 2.2 million barrels, but supply concerns helped push U.S. oil to a three-month high of $63.30 Monday.

Bart Melek, commodities analyst with BMO Nesbitt Burns, said traders had largely ignored the growing threat in Iran, but can now be expected to build in a risk premium that could add as much as $10 to the price of crude oil.

Even as Iran looms increasingly large in world oil markets, traders also had to digest a renewed threat from weather forecasters about storms in the U.S. Gulf Coast, which is still rebuilding from two powerful hurricanes that hit in 2005.

After a quiet hurricane season last year, Florida and other Gulf Coast states likely will be hit again with destructive storms, AccuWeather said Tuesday.

U.S. crude traded lower for much of Tuesday's session before rebounding in late activity.

Additional support for crude came ahead of U.S. government oil inventory to be released on Wednesday.

Analysts forecast the data would show a gasoline draw of 1.8 million barrels for the week ending March 23, the seventh straight week of declines. The data were expected to show a rise of 1.6 million barrels in crude stocks, with distillates down 1.2 million barrels, a Reuters poll showed.

“A number of consecutive gasoline draws is adding pressure to the price, and it has been for the last six weeks,” said Jason Schenker, economist for Wachovia Bank. “If we see another big draw this week, that's going to push up crude prices.”

Continued.............

North Dakota wells in Divide / Burke Counties various formations.
(Hemi Leases on Divide / Burke county line)
Posted by: lowman
In reply to: RobinSLCC who wrote msg# 3586 Date:1/31/2007 10:59:15 AM
Post #of 7797

They oughta be, Robin. I was just looking at the 11/14/06 PR when it finally occurred to me the value of this lease that no one has even paid any attention to.

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.

NORTH DAKOTA INDUSTRIAL COMMISSION
DATE: March 22, 2007 DAILY REPORT: 14815

PERMIT LIST

#16576 - KODIAK OIL & GAS (USA) INC., DRAWBOND 11-10, NESW 10-163N-102W, DIVIDE CO.,
1980' FSL and 1980' FWL, DEVELOPMENT, SKJERMO, 10800, 9-5/8 " - 2700', 2176' Ground,
API #33-023-00510 (Approved: 3/22/2007)

NORTH DAKOTA INDUSTRIAL COMMISSION
DATE: March 1, 2007 DAILY REPORT: 14800

#16207 - Continental Resources, Inc., Zimmerman #1-13H, NW NW 13-161N-95W, Divide Co.
28 bopd, 2 bwpd - Bakken

#16307 - JED Oil (USA) Inc., Landstrom #1-33H, NE NE 33-164N-97W, Divide Co.
87 bopd, 148 bwpd - Madison/Midale

Recent activity in North Dakota Divide/Burke Counties.........
NORTH DAKOTA INDUSTRIAL COMMISSION
DATE: February 21, 2007 DAILY REPORT: 14794

OVERVIEW
FORT PECK INDIAN RESERVATION
The Assiniboine and Sioux Tribes
Tribal Headquarters Poplar, Montana
Geologic Setting Western Williston Basin

General Setting
The Fort Peck Indian Reservation occupies about 1,456 square miles (931,792
acres) in Valley, Roosevelt, Daniels, and Sheridan Counties in northeastern
Montana. The reservation has natural boundaries on three sides; the Missouri
River on the south, Porcupine Creek on the west, and Big Muddy Creek on the
east. The northern boundary is along the upper part of the second tier of sections
through township 33 N., from the east side of Range 39 E. to the east side of
Range 55 E.
The Fort Peck Indian Reservation is in the Northern Great Plains and
typically has rolling uplands that are dissected by the Missouri and Poplar Rivers
and their tributaries. The Missouri River is the largest stream in the area, flowing
eastward at a gradient of about 1 foot per mile. The Poplar River flows south
across the central part of the reservation to join the Missouri River at Poplar. The
altitude ranges from about 3,050 feet in the northwestern part of the reservation
to less than 1,900 feet in the southeastern part.
The main settlements are in the valley of the Missouri River, along U.S.
Highway 2; the largest city is Wolf Point. The largest nearby city is Glasgow,
about 15 miles west of the southwest corner of the reservation. A few Post Office
stations are in the northern part of the reservation.

25-50' thickness of Bakken Formation
50-100' thickness of Bakken Form.

STATE OF MONTANA
DEPARTMENT OF NATURAL RESOURCES AND CONSERVATION
BOARD OF OIL AND GAS CONSERVATION
HELENA, MONTANA
CONSERVATION AND PREVENTION ) NOTICE OF PUBLIC HEARING
OF WASTE OF OIL AND GAS )
The Board of Oil and Gas Conservation will hold its regular business meeting at 2:00 p.m., Wednesday, September 6, 2006, in the Olympic Room at the Duck Inn in Havre, Montana.

APPLICANT: NANCE PETROLEUM CORPORATION – ROOSEVELT COUNTY, MONTANA
Upon the application of Nance Petroleum Corporation to create a permanent spacing unit comprised of the W½, NE¼ of Section 26, T28N-R58E, Roosevelt County, Montana, for production of oil and associated gas from the Ratcliffe Formation and to designate applicant’s Simard 13-26XH well as the authorized well for said spacing unit.

Docket No. 355-2006
APPLICANT: BILL BARRETT CORPORATION – ROOSEVELT COUNTY, MONTANA
Upon the application of Bill Barrett Corporation to create a permanent spacing unit comprised of all of Section 31, T30N-R58E, Roosevelt County, Montana, for production of oil and associated natural gas from the Ratcliffe Formation.

Docket No. 356-2006
APPLICANT: BILL BARRETT CORPORATION – ROOSEVELT COUNTY, MONTANA
Upon the application of Bill Barrett Corporation to create a permanent spacing unit comprised of all of Section 34, T30N-R58E, Roosevelt County, Montana, for production of oil and associated natural gas from the Ratcliffe Formation.

Docket No. 357-2006
APPLICANT: BILL BARRETT CORPORATION – ROOSEVELT COUNTY, MONTANA
Upon the application of Bill Barrett Corporation to create a permanent spacing unit comprised of the NW¼ of Section 4 and the N½ of Section 5, T29N-R58E, Roosevelt County, Montana, for production of oil and associated natural gas from the Ratcliffe Formation.

Docket No. 358-2006
APPLICANT: BILL BARRETT CORPORATION – ROOSEVELT COUNTY, MONTANA
Upon the application of Bill Barrett Corporation to pool all interests in the permanent spacing unit comprised of the NW¼ of Section 4 and the N½ of Section 5, T29N-R58E, Roosevelt County, Montana, for production of oil and associated natural gas from the Ratcliffe Formation and to authorize recovery of non-consent penalties in accordance with Section 82-11-202(2) M.C.A.

The Bakken Shale Formation
Significant Unconventional Oil Development Potential

Bakken progressing into Fort Peck

Bill would promote Kansas oil storage
By Barbara Hollingsworth
The Capital-Journal
Published Thursday, February 08, 2007
Rep. Carl Holmes remembers the gas lines of the 1970s and how the country was strained after Hurricane Katrina devastated the Gulf Coast region in 2005.

So Holmes is proposing legislation that would promote oil storage in Kansas. The House Energy and Utilities Committee took up the bill in talks Wednesday and is expected to vote on whether to send it to the House today.

Holmes, R-Liberal, the committee's chairman, doesn't expect much opposition.

"This is not about gas prices," he said after the meeting. "This is about availability."

Kansas refineries, he said, could be cut off from their supply of crude oil during a terrorist attack or a natural disaster. The bill, he said, would promote the storage of enough oil in the state through the use of tax incentives to keep refineries up and running if other supply lines were temporarily shut off.

"With this proposal, it would store enough oil to keep our refineries running in Kansas for 50 days," Holmes said.

His bill would attract a crude oil reserve large enough to store 10 million barrels.

The feedback committee members received Wednesday morning — mostly from those in the industry — was positive.

Ron Gaches, a lobbyist, said he recently had a client that considered constructing a crude oil storage site in Kansas that could help accommodate the federal government's Strategic Oil Reserve capacity. However, he said those plans were dropped.

Incentives would include a 10-year property tax exemption, as well as income tax deductions. Without incentives, Holmes doubted development would occur.

http://cjonline.com/stories/020807/sta_146015817.shtml

March 7, 2007
Federal Reserve Districts


Tenth District--Kansas City


Energy
Energy activity slowed further, but remained high by historical standards. The count of active oil and gas drilling rigs in the region fell when compared with the previous survey. The recent decline was more concentrated in the Rocky Mountain area where weather conditions limited activity. Contacts throughout the District continued to report high costs to drill, equip, and produce wells, although these cost pressures were less intense when compared with previous surveys. Most contacts anticipated drilling activity to decline, as energy prices remained below year ago levels. The expansion in District ethanol production was also expected to slow, with high corn prices and crude oil prices below year ago levels.

http://www.federalreserve.gov/fomc/beigebook/2007/20070307/10.htm

Producing Hemi Leases
(*2006 data incomplete at this time.)

BENNETT C Lease
Operator: Hemi Energy Group, Inc.
Location: T25S, R17E, Sec. 28
KS Dept. of Revenue Lease Code: 100830
Field: Humboldt-Chanute
County: Woodson
Producing Zone:
http://abyss.kgs.ku.edu/pls/abyss/oil.ogl5.MainLease?f_lc=1001106994
--------------------------------------------------------------------------------
PURCELL Lease
Operator: Hemi Energy Group, Inc.
Location: T25S, R17E, Sec. 20
KS Dept. of Revenue Lease Code: 113003
Field: Humboldt-Chanute
County: Woodson
Producing Zone:
http://abyss.kgs.ku.edu/pls/abyss/oil.ogl5.MainLease?f_lc=1001126234
--------------------------------------------------------------------------------
ORTH-SILVEY Lease
Operator: Hemi Energy Group, Inc.
Location: T25S, R17E, Sec. 28
KS Dept. of Revenue Lease Code: 100802
Field: Humboldt-Chanute
County: Woodson
Producing Zone:
http://abyss.kgs.ku.edu/pls/abyss/oil.ogl5.MainLease?f_lc=1001106964

Bad image. This one better..........

One of our active neighbors. Note the location of their wells as compared to ours.
Practically next door.

API: 15-207-27112
Lease: RENO
Well HEMI 2
Original operator:
Hemi Energy Group, Inc.
Field: Humboldt-Chanute
Location: T25S R17E, Sec. 21, SW SW SW
Operator: Piqua Petro, Inc.
Location: T25S, R17E, Sec. 21

Great find...........

NAHN

Native American Housing News, NAIHC's newspaper, is published up to nine times each year. In each issue, you can read about the latest Indian housing success stories and innovative programs, as well as funding opportunities. Also available is Quick Facts, a bi-weekly publication of the latest news and developments at NAIHC.

http://www.naihc.net/news/index.asp?bid=493

Here's the story......

Joint Venture To Address
Affordable Energy-
Efficient Housing Needs
in Indian Country

Native American Energy Group,
Inc., in a joint venture profit share agreement
signed on October 4 with
homebuilder Eurowest, is now licensed
to build affordable energy-efficient
homes within a territory that includes
all federally recognized tribes in the U.S.
as well as non-tribal lands in the states
of Montana, Wyoming, North Dakota,
South Dakota, Idaho, Oregon, and
Washington, as reported by Business
Wire. NAEG has been helping the Native
Montana community of Fort Peck,
where it is based, to use energy resources
as the foundation for building
a stable economy, according to its
CEO, Joseph D’Arrigo. Specializing in
locating and revitalizing shut-in production
and/or abandoned oil fields on and
off tribal lands, NAEG has concluded
that “a multi-faceted approach was really
in order,” said D’Arrigo. Eurowest,
based in Alberta, Canada, has developed
a cost-effective method of manufacturing
manufacturing
a cellular cementfilled
steel panel system—
the “Eurowest Panel System”—
for residential
homes, commercial buildings,
warehouses, farm
buildings, and other structures,
and a patented process
that includes a polymer
stucco coating on the
exterior and interior of the
steel panels. The joint venture
will also market valueadded
products such as
solar panels, water and
sewage treatments, and
garbage handling technologies.
For more information
on NAEG, visit www.native
americanenergy.com.

http://www.naihc.net/NAIHC/files/ccLibraryFiles/Filename/000000001090/Nov-Dec%202006.pdf

NEW MEXICO
Chaves County:
Hemi Energy has approximately four thousand acres on a lease in southeastern New Mexico near Roswell in Chaves County. This lease has historic oil production. There have been new wells drilled by other oil companies that are currently producing, and new reserves being explored in Eddy and Lea County adjacent to and south of Chaves County.

NORTH DAKOTA
Burke and Divide Counties:
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.
(Divide County is in the upper left hand corner and Burke is directly to the right. Hard to read due to concentration of wells. Note: this is 1999 info and many more wells currently)


North Dakota oil producing counties (yellow)
with the producing wells (blue).

State, County, Lease info taken from PR's and Board DD.....

KANSAS
Woodson County:
The independent geo report estimates 7.2 million bbls of oil for the 5 leases in Woodson Co. Hemi also has another 1440 acres in Woodson Co. and believes it is comparable, for a total of 14+ million bbls of oil. Hemi Energy Group, Inc.'s first new oil well on our Woodson County leases confirms our information of this lease's geological formation reserves and also information from the reserve report about blanket formations.

Montgomery County:
Hemi Energy Group, Inc. (Pink Sheets HMGP) is currently exploring options to bring the one shut-in gas well on line for future gas production on its Montgomery County lease near the town of Cherryvale, Kansas. Hemi Energy has 100% working interest (net revenue interest of 80%) in this lease. Hemi believes this well will produce over 200 MCF to as much as 500 MCF per day based on detailed history of the lease from the pumper and information sharing with a local Kansas gas operator and producer.
We are discussing the possibility for drilling a new joint venture gas well with this local Kansas operator because of the value of these multiple gas production formations... This operator could provide turnkey drilling of the gas wells, with all necessary equipment and personnel to expedite the completion process to produce the wells.
The two reworked oil wells on the front of the Montgomery County lease are producing combined total of 25 bbls per day. The tank capacity on the back of the lease is currently being increased so that we can bring the four additional mature reworked oil wells on line. Therefore, the production for the full month of March from all six reworked oil wells will clearly exceed our February projection of 1500 bbls of oil. The shut-in gas well on this lease and the value of the two gas zones on the lease will make developing the gas formations financially obvious. Hemi Energy has 100% working interest (net revenue interest of 80%) in this lease near the town of Cherryvale, Kansas.


TEXAS
Sabine County:
Hemi Energy Group, Inc. (Pink Sheets: HMGP) acquired three adjacent oil and gas leases with a total of 360 gross acres in Sabine County near the town of Hemphill, Texas. Natural gas prices are currently more than two times higher than at the time the leases were purchased in 2003. The geological formations under Hemi's leases, known as James Lime, Cotton Valley and Travis Peak, are the same formations that are under the major gas field that is now only approximately four miles to the north in Shelby County. In the past these leases have had two producing gas wells, but because of economic reasons they were abandoned in the 1970s. Major oil companies have been developing and producing these natural gas fields for over five years which started approximately 15 miles away and have been steadily trending toward the Hemi leases. Currently new gas wells are being drilled approximately 4 miles north. The width of the proven gas reserves in these geological formations are narrow, being only 5 to 10 miles wide. The average gas well in this major gas field in Shelby County typically produces over 2,000 MCF per day 2(mMCF) or gross revenue of approximately $360,000 per month. These gas wells and gas fields have common characteristics of a slow rate of decline in gas production and have an economically viable life of over ten years...


NEW MEXICO
Chaves County:
Hemi Energy has approximately four thousand acres on a lease in southeastern New Mexico near Roswell in Chaves County. This lease has historic oil production. There have been new wells drilled by other oil companies that are currently producing, and new reserves being explored in Eddy and Lea County adjacent to and south of Chaves County.

NORTH DAKOTA
Burke and Divide Counties:
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.

Lowman....According to the Journal, geologists estimate that there might be as much as 200-400 billion barrels of oil in an area that covers parts of Montana, North Dakota, and Canada, known as "The Bakken." You got that report on Richard Findlay's 300 wells that are producing 48,000 bopd? Average 160 bopd per well? Hemi's N.D. leases are right there in the heart of it all. This lease is right in the heart of the Bakken formation, which the DOE themselves have stated is the largest oil find in the U.S. in 56 years.

WYOMING
??????????????????????

Doesn't appear to be company specific as PR mentions broad topic and multiple companies involved. Think the paid ones are company profiles like some of the archived programs.

"This television production will be part of a program about small oil companies re-developing mature oil fields and stimulating domestic oil production by technologically advanced methods of enhanced oil recovery being used in the USA."

http://biz.yahoo.com/bw/070226/20070226005759.html

After doing a little research, the potential in Woodson County, Kansas leases alone could justify multi-dollar PPS. Throw in Montgomery County, Kansas leases, which could easily be bigger than Woodson county and potential PPS starts looking phenomenal. Moving to North Dakota and the leases in the Bakken play , then the leases for the gas play in Texas, then moving into leases in New Mexico and Wyoming it's hard to put into words what is coming and how high the PPS could go.

"Management is aware of the exaggerated price swings that occurred very recently and believes that over time the fundamental asset values of the company will reflect its accurate worth. As the reserves are proved up and the leases in five states are properly valued, surely the present market cap will be seen as still very under-valued for Hemi."


http://biz.yahoo.com/bw/070305/20070305005713.html

Gas Storage Field--Liberty North

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Field name: Liberty North ; Operated by UCG Storage, Inc.
Located in: Montgomery County
Reservoir discovered: 1910 ; Year Activated: 1952 ; Active?: Yes

Storage Type: Depleted Reservoir
Original Contents: Gas ; Original Pressure: 200 (psig); Original reserves: 4500 (mmcf)

Formation Name: Squirrel Sand
Storage Lithology:
Gross Thickness: 60 (feet)
Trap Type: Structural Trap
Formation Depth Maximum: 470 ; Minimum: 420

Injection or Withdrawl Wells: 28
Observation, Pressure Control Wells: 6
Compressor Horsepower: 3450
Pipe Diameter Maximum: 12 ; Minimum 3

Base Gas Volume: 1500 (mmcf)
Maximum Developed Gas Volume: 3000 (mmcf)
Maximum Storage Pressure: 220 (psig)
Maximum Daily Delverability: 35000 (mcf)
Maximum Designed Daily Volume: 30000 (mcf)
Annual Cycling Capability: 1
Undeveloped Capacity: 0 (mmcf)



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Kansas Geological Survey
Comments to webadmin@kgs.ku.edu
URL=http://abyss.kgs.ku.edu/pls/abyss/oil.ogf4.GasStorage
Programs Updated Nov. 2004.
General field info courtesy American Gas Association.