Hemi Energy Group Inc. (fka HMGP)

[davidmarkblack]

Repost of today's great news...........

Hemi 2 Well Comes in at 68 Bbls Per Day and Increases Mature Wells Production
04/16/2007 09:45

Hemi's first new oil well (the Hemi 2) on the Reno lease located in Woodson County, Kansas, has Initial Production at 68 bbls per day. The oil pay zone stimulation process used to complete the Hemi 2 well has produced a more efficient and better producing well. This Initial Production is significantly higher than the results seen in the typical SE Kansas oil wells. The application of the information derived from the additional testing and completion techniques used on the Hemi 2 well will allow all new wells to be completed in a much more efficient and timely manner.

This important oil pay zone stimulation process developed by Hemi greatly increased oil production in its mature reworked wells, which were located within 1/2 to 1 mile from the new well, at the same time it was producing the first new well. Five mature wells that were producing approximately 3 to 5 bbls per day each have increased their baseline production to more than 5 to 8 bbls per day each.

There are also an additional eight wells that are in the process of being reworked within a 3/4-mile radius to the new well. Based on a test well production, Hemi's opinion is that this stimulation process will also improve each of these 8 reworked wells' oil production that will be baselined in bbls per day within less than two weeks. Hemi's process will increase production from 4 geological pay zones as multiple new wells are completed this spring on contiguous leases.

Hemi's extensive library of geological information about all pay zones in our area of southeast Kansas, and the testing information derived from producing our first new well, was used for the development of this process. The application of this process for new wells to be drilled on all five leases, which also have mature reworked wells and encompasses over 3 square miles in Woodson County, Kansas, will substantially increase total oil production from mature reworked wells.

The importance of being able to efficiently produce more oil per well at less cost per bbl from mature reworked wells cannot be over-emphasized. The blanket geological formations in southeast Kansas and the Humboldt-Chanute field will become more valuable pay zones using Hemi's oil stimulation process on leases with mature oil wells.

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.
Monday April 16, 2007 12:40pm ET -- U.S. Markets Open

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