Hemi Energy Group Inc. (fka HMGP)

[bdahl385]

Thanks PF - I must have missed that excellent explanation...

Here is an excerpt from one of my earlier Posts about this KGS / tanking / storing / hedging topic:

"I find that statement odd that the KGS only reports on what they are told and that oil that is "sold"....

Production helps investors evaluate the lease much better than sales IMHO....

To me, production is defined by extracting the oil from the ground and placing it into a storage tank. Oil sales is defined by having a transport company pick up the load of oil out of your tank in exchange for payment at the going rate.

The KGS website I referenced says "Sample Monthly Oil Production, (bbls)". Maybe they need to change their wording to "Sample Monthly Oil Sales" since there is a distinct difference. "

Oh well, it's a government run site - what do you expect??? LOL