Hi gtv and everyone on the board...
I'm just checking in real quick to let everybody know that I'm alive and well; very long Hemi and very pleased with the latest PR. I don't have enough time to go into it deeply right now as I am in the middle of two of the busiest weeks of the year for my own business.
However, suffice it to say that it appears Hemi has opened more doors to leases and wells that will expand the footprint, the reserves, and the book value of Hemi in a very short time. Mr. Hisenrodt is well known and respected in the oil business and I'm sure that the plan for working the properties has been well thought out.
I will post more frequently once I have completed this annual "bubble" of work for my own business.
Bottom line: Nothing but very good news to be found in that PR (just like the last one).
I believe the disposal well is saving big $$$ for Hemi every day by disposing of water very inexpensively and increasing the Oil/Water cut of the wells producing out of the Squirrel formation. Once the dewatering is complete, I'm confident that Hemi's wells on the core leases can be operated normally.
It is yet to be seen if the issues getting Consolidate Services (post Quest merger) will persist, or whether Craig and Hemi will need to make other arrangements. Either way, I am confident in their ability to assess the situation and arrive at the best decision for the company.
IMO, Keith, Craig and John continue to make good moves, operate smartly, overcome challenges and quietly make headway in building the net worth of our company.
Good luck to all longs--
xtrapink
xtrapink
(long, strong and very pink)
