Hemi Energy Group Inc. (fka HMGP)

[kelseyf]

YUP........and take my opinion for what it is worth.

During my visit and tour of the Hemi sites with Craig, John and Les in May 2008, they specifically identified and showed me the HMGP lease sites that were hit hard by the 2007 flooding and the lease sites that were back on line and producing oil.

Flood insurance claims can have a very long tail, the industry refers to this as "an open claim".

Until the insurance carrier or FEMA confirms with Hemi that this damaged and/or loss of income from this flood claim is a "closed claim", the assumption of an insurance settlement to Hemi Energy for the flood damage IMO is correct.

Kels