Lowman sure had all the answers back in the heyday of Hemi.
Post #1773 lowman
Sat, 2006-12-30 (All day)
lowman Share Saturday, December 30, 2006 2:58:38 PM
Re: Chicken Fried Stock post# 1772 Post # of 50444
I'm not absolutely sure, but I think they're first new wells will be in Montgomery county. All their leases are choice, but which of them has the greatest potential for the strongest new producers, I can't quite say just yet.
Regarding the Hemi production going forward:
Last month, Hemi projected 900 bbls for this month, which despite the storm they had to contend with, which knocked down some of their powerlines and caused some slowdown, they were still able to meet...no excuses needed. What's more is, more than likely, they produced well above that, but only shipped that much.
When I say people should 'throw out the pinkie rulebook' on this one, I say this because I firmly believe Hemi shareholders will finally have found a company that is honest, if not even conservative...not commonly found in the world these days, and especially in pinksheet issues.
Now, going forward, taking on faith that Hemi is not 'blowing smoke', they have projected 2900 bbls between 2 separate counties, for Feb.
Not that I 'expected' this same proportion to continue throughout the year, but don't be surprised if it comes somewhat kinda near it, meaning (and this is only my projections):
Dec. 2006 900 bbls
Jan. 2007 1800 bbls
Feb. 2007 2900 bbls
Mar. 2007 4000 bbls
Apr. 2007 5200 bbls
May 2007 6400 bbls
June 2007 7700 bbls
...and so on.
Now, I hope I don't catch hell for making those assumptions, because I'm quite sure management doesn't want me to mislead anyone. My extrapolations are only by what we have seen so far, in terms of projections, production, and more projections.
Part of my point is: If Hemi projects it, we can almost take it to the bank.
The rest of my point is, to illustrate we have a REAL O&G company here, bent on ONE thing, and it's not smoke and mirrors, nor is it fluff PR.
It is production, plain and simple. Growing/increasing production.
*Note to the readers/buyers: NEVER chase the pps! Do NOT buy Hemi if the pps seems to have gained too much, too soon. Remember, the tortoise always wins the race
