This from actual pr's IMO makes the discussion relevant. Underlined emphasis is my own:
"Hemi Energy Group, Inc. (Pink Sheet:HMGP) The Sturgeon-Hemi 1 is a good producing new well with a high quality green oil (39 specific gravity) exceeding our expectations for our first new well located on the Sturgeon Lease near the town of Cherryvale in Montgomery County, KS. This new pay zone in the Bartlesville geological formation on this lease, in our opinion, still has its original gas-water solution drive. This well, that has been thoroughly logged and tested, and when the completion techniques are finalized in less than two weeks, will produce an exceptional volume of high-quality oil. We will be able to give shareholders a barrel count per day as soon as the fracing fluid is recovered and production baselined. There were also two pay Coal Bed Methane (CBM) zones of very economically viable natural gas development, we chose not to produce at this time and leave "behind pipe" for future development."
"The Montgomery County lease currently has three mature oil wells that have returned to production on the Sturgeon lease. The new well drilled on the Sturgeon lease earlier this year primarily showed more amounts of natural gas than oil in the lower Bartlesville formation. Given the lack of natural gas infrastructure and pipelines in the area, this natural gas cannot be economically produced when compared to crude oil. Therefore we are preparing to come uphole and recomplete the well in the upper Bartlesville payzone. This recompletion work is expected to be conducted in January, pending weather and equipment availability issues."
"Additionally, last week the company conducted a series of re-completion techniques on the Sturgeon-Hemi 1 well. The well was put back on-line on Thursday. The well has been yielding very promising early oil production results, with oil production increasing on a daily basis since the well came back on-line."
So what is it producing now???
