Hemi Energy Group Inc. (fka HMGP)

[Badge714]

According to the semi- annual report sales of oil was $117.366 for the first 6 months of 2007. I’m assuming Hemi received around $55.00 average per BBL. during this time. That makes production around 2,100 BBLS. for the first 6 months. In the October 10 PR Keith finally told the shareholders production was down to 90-95% because of the floods. In the same PR Keith said “We feel that we can very easily dispose of a minimum of 1000 BOWD. As the water is extracted from the formation, the water-oil contact levels will drop, and we will again be able to pump oil from these mature wells.” In the December 18 PR Keith said” As of today we have lifted and disposed of over 10,000 barrels of water from the producing formation.” This is a far cry of 1,000 BOWD. I have taken a look at different company’s PR’S that are drilling in eastern Kansas and from their reports of production I’m going to give my opinion of Hemi production since Keith will not give the shareholders hard numbers. For the month of July..50 BBLS…August..50 BBLS…September…50 BBLS…October..300 BBLS..November.. 500 BBLS and December..800 BBLS. for a total of 1,750 for July – December. 1581 I would like to hear your opinion.