Hemi Energy Group Inc. (fka HMGP)

[1581]

I expect we will get more information including an upgrade of the proven reserves and production numbers after all of the lease acquisitions are finished in Woodson County. There is the possibility they decide to try to acquire more in Montgomery County so this could delay things. As someone on the FAT CATs board mentioned they are operating, right now, as if they were a private company. I understand the reason about the cost of leases.

We may be at a strange point now. The lack of real info in the prs (not counting lease acquisitions) could allow the pps to suffer. On the other hand, there are a good number of investors who recognize the value of owning hemi and see that current pps is a bargain. So anyone who gets impatient and sells or tries to flip may see their shares sucked up by long term holders. We seem to have support at the 200dma. It has held twice now.