Hemi Energy Group Inc. (fka HMGP)

[bdahl385]

Contractor - Welcome to Hemi. You ask good questions but unfortunately, Hemi - and most pink's, don't provide much in the way of concrete numbers like the type you ask about. The stated goal is for the company to use its oil production to stay out of debt and be cash flow positive to buy assets (leases) and to build up reserves through selective drilling. Their core holdings are in SE KS with ~10k acres of both oil and gas (coal bed methane and conventional that is presently not produced due to lack of a pipeline and the needed infrastructure). Monthly oil production is somewhere between 500 and 1000 barrels based on my best guess and their last official PR stating Jan-Feb 2008 numbers. Very small lease holdings are in the shale plays of ND (Bakken) and in TX (Barnett and Haynesville).

The endgame is supposed to be having the company bought out by a larger company by 2010 or there abouts.