Hemi Energy Group Inc. (fka HMGP)

[stonecoldG]

There is an excellent story in the Investors Business Daily newspaper today about Arena Oil. I bring it up because the story is SO much like Hemi's. I encourage you to read it, I can't post it here since I don't want to infringe on copywrite or anything. Here is an exerpt:
How did a small firm started just six years ago get so lucky?

Its Oklahoma-based founders spent decades in the natural gas and oil business. They knew where to find, and how to extract, natural gas and oil in the area.

Also, Big Oil now mainly stay out of U.S. domestic oil production. They go offshore or overseas looking for much larger reserves.

Small and mid-sized firms like Arena are taking a fresh look at the oil fields that major oil firms first drilled decades ago.

Arena chose well. Though it also owns fields in Kansas and Oklahoma, most of its investment is in the Fuhrman-Mascho field in far west Texas and southeastern New Mexico. "They were very foresighted to establish their position there," said Philip L. Dodge, an analyst at Stanford Group Company.

So pick up a copy if you can...