Hemi Energy Group Inc. (fka HMGP)

[bdahl385]

Excellent observation Hillzman, I too came to the same conclusion.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36963035

Summary: 2 years ago, the problem was too much water in the zone so Hemi "dewatered" the leases, now in 2009 the problem is low formation pressure so Hemi wants to start a water flood program.

Maybe the easily gotten "movable oil" has already been extracted. I bought in to Hemi's story from their website and PR's claiming to be using EOR to unlock this "left behind" oil. Here is the Schlumberger Oil Field Glossary definition for EOR - doesn't seem that Hemi's used or planning to use any such technique any time soon.

enhanced oil recovery
1. n. [Production Enhancement] ID: 11160

The third stage of hydrocarbon production during which sophisticated techniques that alter the original properties of the oil are used. Enhanced oil recovery can begin after a secondary recovery process or at any time during the productive life of an oil reservoir. Its purpose is not only to restore formation pressure, but also to improve oil displacement or fluid flow in the reservoir.

The three major types of enhanced oil recovery operations are chemical flooding (alkaline flooding or micellar-polymer flooding), miscible displacement (carbon dioxide [CO2] injection or hydrocarbon injection), and thermal recovery (steamflood or in-situ combustion). The optimal application of each type depends on reservoir temperature, pressure, depth, net pay, permeability, residual oil and water saturations, porosity and fluid properties such as oil API gravity and viscosity.

Enhanced oil recovery is also called improved oil recovery or tertiary recovery and it is abbreviated EOR.