FYI, this glitch still exists.

I replied to my message which describes the small glitch but basically, while you are reading this message in the single view (not like next 10 or next 20 view) move your mouse up to the top menu and right before you get there take note of this area and you'll see the box which contains this message "grow" vertically when you mouse over one of the menu items. Not a big deal but I'm sure, if possible, you guys want to fix all these little glitches as you can :)

Only one MM left at .10 with 5 minutes left :)

Not a bad day at all. Mostly all buying with bids rising and only one .10 left (HDSN). Looking good!

LOL! Cool. Just wanted to make sure it was known that it seems to be really big and very bold :)

Cool! But, did you realize it defaults to 115% YIKES! Looked like a kiddie school page until I went in and put it back to 100%. LOL :)

LOL! Love your analogies, duelittle.

Big fish, chopping off limbs, or swallowing whole. LOL

On a more serious note, I very much agree with your below statement...

The Drive to Prove Up the Reserves In Kansas @ Present is No coincidence...imo! (WaddayagotthereSon)

Keith has boxes upon boxes upon boxes (like a sealand full of info from my understanding) of information, core sample results, well longs, old timer notes, etc. etc. HE knows what is under his leases. The reason to officially prove them up could therefore be for a nearer future major deal with with major money involved as well as officially proving them up for a buyout.

That is actually something some newbies may not fully understand... proving up oil and gas reserves is not done to determine where a good area to drill might be (they use drill logs, cores, and other info from drill sites already on and around the area) but instead done to officially show "others" what you have. There is really not much need to do this type report if the only intent is for the operator to drill the land and be happy with that. These reports are typically done when a big boy requests it prior to sinking in major money with the company or to provide data to officially increase (exponentially I might add!) the value of the particular lease(s) because bigger future plans (like a buyout) are in progress.

cdaniel, and roughly 85% of the volume today has been at the ASK. Most of the 15% of the bid volume was to the bid before the news.

Similar to the bid/ask percentage volume we saw just prior to the beginning of the increase from the .05 area.

mtrewulf, $131.68 now and so far the .10s are going away and bids are rising. So, looks like that extra $1.68 might have done the trick for ya :) LOL

Jay Walka, here is a little discussion for you as well as a bit of an eduction.

It is illegal to name specifically the name of another company in a press release without written consent by that other company. This goes for all stocks, not just HMGP. You can be generic, but can't specifically name them without them agreeing to it.

The smaller more vocal investors who spend less time and do less research are continually screaming for more information, more updates, blah blah blah. Since this company is public and all investors are important to a public company, I think Keith was only trying to provide the information he could about this at this point in time. Not only would it be illegal for him to have specifically named the companies but it would be very foolish at this point in time! Just think about it... you want to piss off the people you are negotiating with??? I think not. If you'd have done any amount of DD into what is being talked about or even just read a fraction of the posts here you would have been able to tell the severe competition going on right now in this area. You sound like you think it would be wise for Keith to step on the toes of the people he is making deals with??? Wake up, please :)

You say "scammer material" but have you even visited the oil fields or offices? Are you going to come back and publicly apologize for this statement when more detail information IS able to be given? Doubtful.

It is just fine and OK to have an opinion but such outlandish statements as "scammer material" when you have done zero or little DD will make your opinions carry very little weight, if any, with anybody.

Excellent, Kels! I was going to ask for your feedback to see if you thought my deductions were accurate based on your own DD and you answered that question for me :)

Funny how at the beginning of the year some thought even getting one major to recognize Hemi existed was a pie in the sky thought but, now, just a few short months later at least two majors have taken notice. Makes, at least to me, the next few short months something to really look forward to to see how this plays out.

XTO is the 2nd major oil company in this press release.

A multi-billion dollar oil company on the New York stock exchange, with home offices in Fort Worth, has asked Hemi Energy Group, Inc. (Pink Sheets: HMGP) for geological information for our Sabine, Texas leases and also some leases we hold in other states. There are dozens of producing gas wells that are only approximately four miles from our Sabine leases. These gas wells, of several major oil companies, have an average revenue of $2.5 million per year, per well and some have substantially greater revenue. These gas wells in Texas also have long life and slow decline curves and an economic life of ten or more years.

A multi-billion dollar oil company ASKED HEMI for these records. Hemi didn't go door to door so to speak trying to get somebody to take notice but rather the major came to Hemi asking for the info. That is pretty interesting IMO.

Another example of how the areas Keith picked for leases sure look to be spot on.

Hemi has acquired, for cash, additional Barnett-Shale leases in Fort Worth since our press release on April 22nd. These additional checker-boarded leases will absolutely be legally necessary to be pooled with their leases before these two companies, with major urban development drilling programs, can begin to drill. The multi-billion dollar oil company, with home offices in Fort Worth, is also showing interest in our Barnett-Shale leases in Fort Worth.

Hemi got the leases for cash. IMO, that means no additional shares were used to acquire these leases.

Absolutely be legally necessary means that as time has progressed and Hemi has learned more about the leases and drilling intentions of these other two companies that, due likely to the spacing requirements, both these companies must work with Hemi before they can drill. Again, my take on Keith anticipating the drilling of the two majors in this area and "getting in their way" was NOT to make a quick 500% or 1000% on the leases but instead to develop a line of communication and bargaining with these larger companies which based on the April 22nd press release and today's press release is obviously happening. I'll do something for you... but you need to do something for me :)

Notice my headline where I mentioned XTO? It takes a bit of digging but here is my reasoning for that statement. In the April 22nd press release, Hemi states being in negotiations and now there is mention of interest. "Negotiations" is much stronger than "interest". So, IMO, Chesapeake is the major in negotiations and XTO is the major being talked about as being interested. XTO does have a home office in Fort Worth, Chesapeake does not. XTO has the urban drilling program and are also on the NYSE. Putting all this together clarifies who the two major oil companies are that are in competition and need Hemi's leases even though Hemi can't yet specifically name them :)


The rain in Kansas that had saturated the ground in the area of this well and delayed the completion of the fracing techniques and thereby the barrel count per day but results will be available any day next week from this oil well. The new oil wells will be drilled next week on our leases in the Cherry Creek Trend in Woodson County, Kansas. There will be no delay on drilling the new wells because all supplies necessary for drilling these virgin leases are already in place. The ground condition on the lease location to be drilled has been prepared and therefore rain will not be a delaying factor. McPherson Drilling LLC has been contracted to drill these wells.

A very reasonable explanation about why it is taking longer than anticipated for the Collins well results. But, just means the delay causes the results of all three wells to be more tightly grouped :) A reminder that the next two drills are in an area which has had a skyrocketing of NOIs and drilling activities with excellent wells (IMO ~100 bopd). I believe we can expect some very good wells, based on DD, out of these next two drills next week because they are very near these other excellent producing oil wells mentioned in the April 22nd press release.

Hemi's big picture plans continue to move along nicely!

Just curious as to how hard it would be to make it an option for your "Mailbox" count to behave like it did before and NOT like it does in Beta? This whole thing of the number staying the same even after you've clicked on the post/PM/message is not as straight forward as it is in non Beta. Sometimes it seems like it even takes a couple clicks for it to "go away" and I've found myself clicking the Mailbox link only to find it going down as soon as I click it.

If it can't be an option then I'll just have to get used to it but, at least to me, it makes a lot more sense how the "counting" works now as opposed to how it works in Beta.

sneaky, that wasn't really the message one was supposed to get out of my post. :)

I am like you and look at this stock as a long term investment and not something to flip which is why I haven't even tried to flip even 1% of what I have in well over a year. There is a lot going on with HMGP and I don't want to sell 100k or so shares "hoping" to buy back cheaper then have a great PR come out and lose shares. MUCH easier to just buy and hold and that has been my strategy.

My point was that I'm not aware of STRONGUS ever claiming to be a long and he made it pretty clear in the posts I read of his that he was a trader. You will NEVER keep short term traders and flippers out of a stock. You just can't do it. Heck, I've bought and sold stocks for a quick gain only knowing the ticker and not even knowing the name of the company. LOL! I recognize that one will always have short timers and flippers in a stock that may know very little about the company... that's just the way it is and it cannot be avoided. The point of my post was not to pat him on the back because he bought low and sold high (as I sure would have preferred he hung around longer!) but because he sold and moved on... unlike some. I too am somewhat disgusted at the tactics being used and only used him as an example of what I consider to be one of the more respectable traders (since you ain't gonna get rid of them, it is better to have somebody like him in your stock IMO). THAT was my main point as you are always going to have "traders" in your stock and traders like him are much more welcome in my book than traders who rely on the weakness of others. If I wasn't clear on that, I do apologize.

Nice post, Big. I hope people not only read it but read it closely and really understand what you are saying.

One thing that people should take note of IMO is that there is a pattern. The pattern is that those who are typically most vocally negative about HMGP are admitted flippers who are riding FREE SHARES or damn near completely "free" positions. People need to just think about that for a minute... the people constantly finding fault and complaining really have nothing to lose! Again so it SOAKS IN... the people who are the most upset have nothing to lose! Pretty damn eye opening, eh? The people who have the much larger positions and actually do have a lot to lose are the ones who understand their HMGP investment much better and don't whine and complain about every little thing or stumble because they DO understand. Somebody might ask... Why is it like this? The reason, IMO, are flippers typically do not do near the research into a company that the large shareholders do and thus do not have near the understanding of the larger share holders so will usually feel the need to immediately "panic" and whine and complain the moment something doesn't go exactly to their flipping strategy. Or... start their little rants back up when it suits their agenda.

As Kels said, there are many different trading strategies one can use when trading HMGP. Some are respectable and some are not. Just look at a recent respectable trader of HMGP... STRONGUS. He is a very disciplined trader. He met his goal, sold his position, and moved on. Will he be back? Maybe, maybe not but the point is he traded this stock like a respectable trader would. He used his own trading abilities to make his purchase and then to calculate his exit. He did not put up negative innuendo posts of half truths in an attempt to further his own gains. STRONGUS used his trading skills to make his own trade. Bravo to him. I think there are a few who could take some lessons from him in using ones own abilities as opposed to attempting to cause others to lose so they can profit more. The weak trade like this... the better traders like STRONGUS use their own trading abilities.

Ovidius, credentials are credentials and independent is independent. It makes no difference if you use a company you are familiar with or not. In fact, it might be better to use a company for which you know about and are familiar with. To imply there might be some kind of underhanded thing going on IF Keith happened to know the people before hand is a bit out there. They had the credentials to do the reserves report and it was signed off as being INDEPENDENT. I doubt people would risk their reputation and credentials by getting in bed with the people they are working for and then calling it "independent". So, when you have people work for you do you purposely go out of your way to hire somebody you never heard of? Doubtful.

And the other thing to be said is that people aren't even factoring in the reserves report in the price right now. Just look at the price. DUH! LOL I don't see this as a reason for you to get all bothered but if you are it is like being ticked off that the brand new Ferrari you just bought for $5k needs an antenna!

Yeah, duelittle, even though mid-may is a fairly broad range of days (I've seen some "mid-month" dates as late as the 22nd) it is usually interpreted by most people as the 15th... right or wrong that is the way it is. The first part of the month is not THE first... I think it is usually viewed as being sometime within the first 7 days. Same for the "end of the month" and same for mid-month.

I too think it would have been best to at least make mention of the reason why this didn't happen. I believe it to be because of the heavy rains experienced for well over a week and the need to let the ground dry out on the Collins lease before brining in the very heavy fracing equipment. But, no mention was made of that so people who don't follow Hemi as closely as we do don't know what is going on and get worried. I still fully expect a nice update soon but that doesn't help missing the mid-may statement and not saying anything about it. But, if people are selling now because of this I think they'll be disappointed they sold when the update does come out... even if it is a little late.

bdahl385, that is partially correct :)

The independent reserves report is for only the 5 mature leases of ~2000 acres but does NOT contain reserves/info from all known/existing pay zones. The report contained no gas reserves at all and no oil reserves from the deeper formations.

This was PR'd on 2/23/07

http://markets.chron.com/chron?GUID=1428685&Page=MediaViewer&Ticker=HMGP

The probable reserves were then revised to 3.1 BOE which is the reason the number in my post doesn't match the number in the press release.

LOL! Not a big deal but I do use the smiley every so often in my posts and I noticed that when I do it now it appears like I'm drunk and disoriented. If the current smiley stays, I might have to back off on the smiley usage. LOL

Test: :D :) ;) :p

(not sure how many are recognized so tried a few above)

(oh, btw, the smilies don't work in the preview mode ;) )

EDIT: If the current smiley stays, I'll just use the big smile smiley : D :D

LOL

Smiley emoticon...

The regular smiley emoticon looks dazed and confused. LOL Maybe consider changing it to a "normal" smiley for the normal : ) input? :)

On a side note, I very much like the beta version and how it DOES recognize the text features from the main page where all posts are viewed and not just when you click on the post. Nice update there as opposed to seeing the code like in the current version!

len, thanks... and major lack of concept on how that particular search worked on my part.

I originally thought the top drop down WAS PART OF the search criteria for the bottom search WHERE YOU TYPE IN YOUR TEXT. I completely overlooked the "GO" button. Had I thought a little more about this I would have realized that "something was up" because how would one search Private Messages in the upper dropdown and the iBox in the lower? Duh. LOL

This does allow me to search members for something other than 2008. THANKS!

Now for the feature request... Have a little drop down for "Year" next to "Search This Members Posts" on the member Profile page. This would be similar to the search box for "Board Search" on a board's main page :)

Thanks!

len, yep, really confused now. LOL

I just tried it again in both beta and non beta and after clicking "Other" then "Advanced Search", I get the same first drop down but my second drop down has nothing like that???

Here is what I see...

len, dang, I must be blind or something because I'm just not seeing that. LOL

Going to go through it now...

Click "Other"
Click "Advanced Search"

First drop down allows me to search public or private messages. I desire public so select that.

The next drop down box allows whatever I type in to search for to search in either "Subjects", "Members", "Public Messages", "My Private Msgs", "iBox", "Quote/Chart/Ticker"

That's all I have? You have another drop down?

REAZO, I'm not certain how reserves in the ground in this area of Kansas are exactly valued so can't comment on your numbers but even if it is just 1/2 of what you are thinking, it is still very good.

len, thanks for the suggestion. However, I'm unable to enter two search criteria there. I'd have to be able to search for the search term AND a specific member. As far as I can tell, I can only search for the search term in all members. Am I missing something? It is very possible I am. LOL

When searching a member's posts, the search only searches 2008. I don't see a way to change the year or search all?

This also goes for the non beta version. I could have sworn that when I searched a member's posts not long ago I was getting 2007 posts too but now just getting 2008 posts in both.

Should this not either search all posts and if not an option be made to select which year?

Hey xtrapink! Long time no hear :)

I've always liked this statement you made back in 2007 :)

My opinion is that oil production is the "low hanging fruit" right now, even though the natural gas (NG) and coal based methane (CBM) gas may hold the keys to a dramatic increase in the estimated worth of Hemi's Kansas reserves. Think in terms of BIG numbers when you imagine the potential impact of proving up NG reserves in Woodson County.

Looks like that statement was right on track. But, with all the talk of gas, I don't want to discount the oil... lots of oil under Hemi's leases which could dramatically increase the value as well :)

REAZO, if you like "doing the math" take a look at post #19580 (#msg-22180661) that I made a while back when oil was $62 a barrel! LOL

Here is a copy and paste of that post... some of it outdated a bit because oil has nearly doubled! :)

------------------------------------

Posted by: zguy Date: Saturday, August 18, 2007 1:33:35 PM
In reply to: None Post #19580 of 35261

Hemi's proven reserves of OIL $100+ mil

I've talked about this a little before but a reminder never hurts!

-------------------------

"Read between the lines" of what Hemi has in store...

Some new investors and even long timers may not have yet connected the dots for what Hemi is doing in Woodson County Kansas (which is just one of many areas where Hemi has acquired land).

There are some important things to realize when connecting the dots... First, the oil under the 5 leases in Woodson County for which we have a reserves report has blanket formations. Blanket formations extend laterally over large areas. Meaning, what is under the ground right here is likely the same way over there. Second, many of the leases Hemi has been acquiring in Kansas are contiguous to the 5 leases mentioned above (meaning they are touching or next to them).

Knowing the above, we can "look ahead" so to speak.

The 5 leases above make up ~2000 acres or a little less. This is 3.125 sq miles. Hemi now controls 11 sq miles in this blanket formation and should have finalized the paperwork for 17 square miles by the end of June (see PR). Keith has mentioned wanting to go for 40 square miles but let's just stick with the 17 square miles for now. 17 square miles is 5.44 times more than the land we have the reserves report for. It has already been stated in press releases that Hemi believes, based on numerous records, cores, past history, etc. that the land around the 3.125 sq miles the 5 leases make up will have similar reserves. Also to note... the reserves report does not even contain all existing pay zones (even more potential reserves... see below).

So, lets do a little math. The current INDEPENDENT reserves report has proven reserves of 2.15 million BOE and probable of 3.1 million BOE for a total of potentially 5.25 million BOE.

If you talk only about the proven reserves and take 2.15 million BOE and multiply it by 5.44 (remember, blanket formations and contiguous leases... Keith acquiring contiguous leases is no accident) it is my opinion we will likely see at least 11.7 million BOE proven in the not too distant future. Oil is going for around $62 barrel in Kansas so at that price, it is not unlikely that we could have more than $725,000,000 in proven reserves once we start drilling these other leases and get enough wells on them to perform and updated report. Now, throw in the probable and you are looking at the potential that would approach TWO BILLION DOLLARS worth of oil and just in Woodson County! This doesn't include Montgomery or even all the other states... and you wonder why so many people think this is undervalued? The above also doesn't include the block of leases Hemi just acquired with all the gas (above is just oil!).

Now, just let me hit you over the head with a 2x4... the reserves report doesn't contain the deeper zone, the Mississippian. It contains the other 4 shallower pay zones but not this deeper zone. Hemi has not yet drilled to that zone. BUT, production of oil and gas does exist from the Mississippian within a few miles all around and in all 4 directions of our contiguous Woodson County leases. What's it mean when others all around you are producing gas and oil from this zone on all your sides? Means you don't need to think too hard about good production coming from the Mississippian on Hemi's contiguous leases as well. AND, once this happens, it will be added to the reserves report making it that much more impressive.

Bottom line, Hemi is sitting on a ton of gas and oil with a ludicrously low market cap. Congrats to those who have done their DD and can extrapolate the above as well. Granted, the above is extrapolation... but not unreasonable extrapolation. For those who want to wait until Hemi actually proves up this land, don't expect to pay anywhere near these prices once this happens. Read the press releases closely, do your DD, and you can see that Keith and crew are building something that is going to be very big and I, for one, am very excited to be a part of it.

duelittle, with the NOIs filed for the next two already I would say they have a pretty good idea what they want to do for those drills. However, I think the results of the first three may determine or help to determine where to drill and how to drill additional wells in the area.

I agree, cdaniel394. Also, that's another item I really like about HMGP... there is a good number of longer term large shareholder investors in this company waiting for much larger gains. This, essentially, reduces the number of shares available in the market for trading and will make shares harder to come by during our nice smooth take off :)

Nice update, Kels. With most of the attention in KS right now, people can overlook the Tarrant County activities. Nice reminder of this other aspect of Hemi :)

When viewing a single post (like reading this one), if you move your mouse up to any link in the top menu area and "mouse over" the link, the post area "grows" vertically a small amount. It stays slightly larger so if you do it again, it doesn't grow again. It does this each time you first mouse over a link in the top menu area.

I have not noticed this behavior anywhere else except when viewing a post off the main board area (doesn't happen in PMs). Also, the area that grows is the message area ABOVE the signature.

Nope! Bid/Ask means nothing in after hours on the weekend for pinks :)

Only one MM currently logged in. They just never logged out for whatever reason which is the reason you even have a bid/ask right now. Before market open on Monday, the MMs will have logged back in and we'll likely be at the same bid/ask we were at market close on Friday :)

Much better... I like it!

My visited vs non visited links suddenly stand out MUCH better! I like this change. Thanks!

Is that what you call "Mur CAD?" LOL

And like you said... blanket formations are the key for both Hemi's oil and gas in this area.

lordbain, nope, you were correct about the buying pressure :) One 5000 share trade to the bid doesn't negate buying pressure. So far today, 177,728 buy volume and 26,500 sell volume. THAT is most definitely good buying pressure!

We are setup nicely for a good next week I think. A slight retrace this week then holding for a bit is healthy and for some investors "required" before they'll buy. We've seen the .10 area hold nicely and very good buying pressure today. Not too bad at all :)

duelittle2, the press release talking about There are more than two billion cubic feet of coal bed layers and these results only include some of the layers of coal beds. is only referring to some of the layers on the 5 mature leases for which we currently have a reserves report. Keith then talks about there is significantly more total cubic feet of coal beds and therefore there will be a large volume of CBM gas when the updated reserves report about oil and gas is released. I *think* but could be wrong that he is right here talking about only the 5 leases. With the information they currently have is how they got the "two billion cubic feet" but will need the final data from the lab before they can complete the updated reserves report for the 5 leases.

Now, later in the PR Keith mentions I feel the preliminary CBM gas reserves being quoted in this press release has the potential of being increased exponentially in the final completed reserve report, we recently commissioned." is what he is referring to when including some? all? of the contiguous leases surrounding the 5 mature leases. So, we'll have an updated reserves report to add CBM to the 2.15 mil BOE of proven oil on only the 5 mature leases and then have a final reserves report for CBM which will include some or all of the surrounding leases (which are 3 to 5 times larger in size than the 5 leases being talked about). That's why IMO he originally talks about the updated report being significantly more than 2 billion cubic (not all layers analyzed) and then the final report being exponentially higher than this. Take 2 billion and increase that significantly then take that number and multiply it by 3 to 5 times and that's how you get to the 2 billion number being increased exponentially

One thing not factored into this... what about the OIL on the contiguous/adjacent leases??? Like I mentioned yesterday, this area has blanket formations for the oil as well. Will the geologist have enough information on the other leases to also include the oil? Not sure about that... will have to wait for more info :)

Big Mur, if you think I misunderstood some aspects of the press release or you have additional information, please do correct me! :) Thanks!

In the Beta version, it is much more difficult for me to glance at a page and easily be able to tell the "visited" hyperlinks (posts for example) vs the "non-visited" hyperlinks.

In the current version, this difference really stands out nicely and I like that since that is often times how I determine what I've read and what I haven't. In the Beta version, the visited links are not as easily seen. In the Beta version the visited links seem to be a darker blue which doesn't provide the contrast the lighter blue does in the original version.

Just a minor comment but would be nice to be able to have a greater contrast between the visited vs non-visited links.

Agree USC Cowboy. There was a bit of bid hiding today as well. Support is strong around this level and with only one MM at .11 then the others at .13 or higher... not looking too bad at all :)

More really nice finds there, duelittle!

People just need to look in the ibox and see the price of gas and read some larger company press releases to realize that, while people for the most part ignored this gas 10 or 20 years ago, that is NOT the case now.

Keith has positioned his company very nicely over the last several years. Using a "sealand" full of information he bought up and researched a lot of leases (many before he even took the company public) in areas that were considered "dead" but he anticipated the comeback of oil and gas. IMO, we are beginning to see Keith's forward thinking being right on track. He hasn't gotten "lucky" just once or twice. His choices for leasing in the areas he has was no accident and we are beginning to see some of the results of this forward thinking. Hemi is far and above JUST an oil producer. If only an oil producer, Hemi would have focused all efforts on drilling only on the 2000 acres. Instead, he now not only has oil production in his arsenal but has strategically located leases (checkerboarding) in Fort Worth, shale in KS which could become very valuable later as technologies improve, a huge amount of gas in existing wells behind pipe as well as yet to be proved up, leases in North Dakota where surrounding areas have become very hot recently, etc. etc. etc. LOL That's just a few "extra" items off the top of my head but goes to show that, IMO, the big overall plan is coming together.

Thanks guys! And, please feel free to add to anything I may have left out. There is a lot going on in Hemi Land and the DD by everyone helps provide the bigger picture for all. Heck, I could have missed an entire lease. That is just what I was able to dig up about the gas in TX, KS, WY, NM, and ND but I'm sure it's not everything :)