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Re: kelseyf post# 30015

Sunday, 09/07/2008 9:17:01 AM

Sunday, September 07, 2008 9:17:01 AM

Post# of 46420
kelseyf, straight from the 5/29/2007 PR...SP .24

There is no intent to use equity dilution in any form for future development of Hemi leases. Stockholder's equity interests will continue to be maintained as it has been in 2007. Management believes that the market cap and the market price are currently artificially low. This belief is based on the total value of the oil and gas reserves on leases in Kansas, lease values in four other states, its extensive research library and management's experience.


HEMI maintains this in all PR'S... .037

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