Hemi Energy Group Inc. (fka HMGP)

[bdahl385]

Some interesting well completion results in North Dakota. I beleive that Hemi holds 640 acres (one section) on the Burke / Divide County line area.

Here is a map link of ND for this, look in the extreme NW corner.

http://quickfacts.census.gov/qfd/maps/north_dakota_map.html

Here's the PR;

http://www.oilvoice.com/n/Continental_Resources_Announces_Additional_Well_Completions_In_North_Dakota_Bakken_Shale/903fbc53.aspx

Two observations I came away with per this PR and others I have seen in that area of the Bakken. The well results in Burke / Divide counties seem to be consistently lower than those in Williams Co. to the South and others more in the heart of the Bakken trend. The other observation is that these wells are drilled as laterals (horizontal sections) on spacings of 1280 acres (two sections). That would mean that Hemi's 640 acre block would potentially be too small for drilling a horizontal well completion by any acquiring company if this is a mandated spacing or economic spacing requirement.