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Friday, 10/27/2006 12:23:03 PM

Friday, October 27, 2006 12:23:03 PM

Post# of 7609
on watch...HMGP...
Hemi Energy Group, Inc. Completes Three Months of Oil Shipments from Kansas
Friday October 27, 11:53 am ET


GRAHAM, Texas--(BUSINESS WIRE)--Hemi Energy Group, Inc. (Pink Sheets: HMGP - News) has completed three months of ongoing production and shipments from its Kansas leases. Tanks are nearly at the capacity required for another pickup, and will be ready for shipment in early November from the leases located in Woodson County, Kansas. Since the acquisitions, the company and contract service crews are continuing to rehabilitate, test pump, re-work and upgrade wells, thereby increasing average daily production on a well-by-well basis.
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Keith A. Anderson, CEO and president of Hemi Energy Group, left on an inspection trip Thursday, Oct. 26, to do a detailed valuation of reconditioned and rebuilt equipment at the wells located on over 3 square miles of leases in eastern Kansas. A substantial amount of time and funds has been invested on this equipment, i.e., tanks, pump jacks, pumps, etc., to improve the value of the lease properties.

On this trip Mr. Anderson will also be meeting with landowners/mineral owners in Woodson County whose properties are adjacent to or near the existing leases. These meetings will be early discussions in regard to possible future expansion in this area.

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, in its history, 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://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.



Contact:
Stock Information Systems Inc.
Jim McBeth, 801-568-1873

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Source: Hemi Energy Group, Inc.


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