Hemi Energy Explores Financing to Expedite Well Development in Kansas
San Antonio -- Hemi Energy Group, Inc. (Pink Sheets HMGP): In November(2006) several financial entities contacted Hemi Energy with offers to acquire stock and/or participation in well development. The company is in discussions with these parties in developing financial options to expedite development of our Kansas oil field without diluting shares and thereby safeguarding our stockholders interest. Hemi is considering an equipment debt instrument, one of several financing options available to us. This funding could also be used in conjunction with other financial ventures in expediting new well development. No form of convertible adjustable price debenture, commonly known in the marketplace as death spiral financing, will be issued by Hemi Energy for any form of financing.
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