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Re: USC Cowboy post# 45836

Saturday, 04/11/2009 4:24:21 PM

Saturday, April 11, 2009 4:24:21 PM

Post# of 51429
USC Cowboy again I do not quite understand your post. The reality is that everyone, every business and every country is feeling the impact of the overall economy and world economic health. And yet here is Hemi in 2009 as the economy is starting to turn the corner sitting there as a Debt Free O&G company.

Doesn't it make you wonder by your own stated comment that these oil operations that you reference that were posting staggering profits when oil was escalating beyond imagination are some of the oil operations today that are sinking fast in Debt??? But here is Hemi hanging back and positioning itself while the current economic situation presents a clearer going forward picture. Sounds like a business doing what is most appropriate given the rapid declination that occurred during the last half of 2008 and thru the first quarter of 2009.

Again your own comment and post again reflects that you still have not grasp or understand the actual business strategy of Hemi Energy as an O&G Company. Unless I am not reading this right Hemi has never stated that it's primary business purpose was to be a pure producer of oil and or gas. But rather utilize that oil and any gas production opportunities as a means to pay on going operation and expenses as Hemi moves down the platform of building up its proven reserves through lease acquisitions.

Wow, I can only imagine why it has been 4 days and not a reply from Craig.

FYI, I shot out an e-mail this AM and had a reply inside an hour.

I guess I too must be one of those little people along side Keith and Craig :o))

Kels
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