An update on the "insurance settlement" would be nice. This is from the June 2, 2008 PR:
The insurance claim process is continuing to move ahead for the major flood damage in 2007 to our five mature producing oil leases in Woodson County, Kansas. This claim is more than $1.2 million, and additional information has been gathered this quarter by the insurance carrier. Hemi has already funded all repairs and upgrades, therefore all monies funded from this claim will be available for future development.
Do you folks realize how huge this amount of money would be to the company? I think that this is more of a potential SP mover than any new well, Collins included, based on the amount of money in question. I think it is so important that every Hemi PR should provide an update on this claim settlement. $1.2M is about 2 cents a share based on 58M shares outstanding.
