InvestorsHub Logo
Followers 575
Posts 24391
Boards Moderated 0
Alias Born 08/15/2007

Re: newenergy post# 2578

Wednesday, 06/25/2008 6:55:39 PM

Wednesday, June 25, 2008 6:55:39 PM

Post# of 16569
All that needs to be said is below, another of several alerts hitting people. This one came out aft hours today

Heartland Oil and Gas Corp. (OTCBB: HTOG - http://finance.yahoo.com/q?s=HTOG.ob)

June 25th, 2008-- With revenues from its Coalbed Methane Field in Miami County, Kansas continuing to advance, Heartland Oil and Gas Corp. (OTC BB: HTOG) (FWB: HOCA) is expecting to soon double its production from this field with the completion of Heartland's 18,000 foot pipeline expansion project and the subsequent connection of 12 additional wells.

As demonstrated by the chart, since its acquisition by Universal Property Development and Acquisition Corporation (OTC BB: UPDV), Heartland's gross revenue on production in Kansas has steadily increased and more than doubled to $110,729 in just 12 months.

In addition to this increasing revenue, Heartland's pipeline expansion will connect to 12 CBM wells Heartland previously drilled and which production testing indicates will double the current output from this field. The pipeline will also open many more acres to additional drilling activity.

"We expect to have the 8 inch main completed by the end of the week," reports Susie Glaze, Operations Manager of Heartland's prime contractor, Aztec Well Services, Inc., another UPDA subsidiary. "The pipe will be in the ground, buried, four road crossings made, 2 creek crossings and the 8 inch pipe will be hooked into the 12 inch main. The pipeline will be stubbed out at the salt water disposal well location and we intend to go directly back to the SWD well and take it down another 100-200 ft. with a smaller drill bit. We currently have the SWD well down to 1000 feet and it has been cased with 5 1/2" production pipe and cemented in. We expect to have the SWD well done by the end of the next week and then start moving tanks so we can turn on the production wells."

"The production increases we have been able to achieve from the existing wells are quite remarkable," commented Heartland Spokesman Jack Baker. "And the numbers we have seen so far from the new wells are very encouraging. With the completion of the pipeline and connection of these 12 wells, we expect to double our production again and we can continue to drill new wells on the vast acreage accessible along the three miles of new pipeline. We are very optimistic that our revenue growth will accelerate at an even higher rate as we go forward with our plans."

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.