Replies to post #24643 on Hemi Energy Group Inc. (fka HMGP)

[kelseyf]

As I stated in my earlier post today (prior todays PR) and reasons why I firmly believe that the best is yet to come from HMGP:

"HMGP has engaged during the past 3 months in re-working a large number of wells, obtain the proper KSS permit for water injection, establishing new lease opportunities along with the field observations of the current storage tanks are filling up from the current leases in place; the bacon is being delivered by HMGP and the street will soon start hearing the news."


Kels

[duelittle2]

"The total value of the reserves alone in the independent reserve report on the five leases that have proven reserves in Woodson County have a value substantially above market cap valuation."

"We now have added 10 more reworked oil wells that are also de-watering and producing oil than we reported in the October 18th press release."

Nice!!

The "the independent reserve report" should look good if we ever get to see it?..takes a lot of time and always going Up with the
new acquisitions!..imo


http://news.moneycentral.msn.com/ticker/article.aspx?Feed=BW&Date=20071101&ID=7741787&Symbol=HMGP

[lowman]

Excellent (highlighted) PR update!

Hemi Energy Group, Inc. (Pink sheets: HMGP): The Tebbens-Hemi2 new oil well re-completion process is being done in order to stimulate and maximize the well's oil production. We will have the results in the next one to two weeks. The use of the newly permitted water injection well was needed first in order to dispose of the amount of water that would be generated by the completion process on this well. Therefore, the necessary steps needed to complete the new oil well could not be done at the time it was drilled on the lease in Woodson County, Kansas.

Hemi continues the process of de-watering the leases each day with approximately 45-50 wells on the leases in Woodson County, Kansas. Water from all these mature oil wells is being pumped into the water injection well. This salt water injection well is allowing us to begin to produce the maximum potential from these re-worked mature oil wells without having to restrict oil flow because of a water disposal problem. De-watering the leases is allowing the oil to migrate more efficiently to the wells. We now have added 10 more reworked oil wells that are also de-watering and producing oil than we reported in the October 18th press release.

Management's opinion is natural gas from deeper geological pay zones is the cause for re-pressurization on two of Hemi's leases in Woodson County, Kansas that have a total of 6-10 shut-in gas wells, that we continue to evaluate and explore possible revenue sources for this gas. Management believes, based on experience, that these deeper gas pay zones will add important valuation to the independent reserve report once the deeper zone is drilled and proved up. The total value of the reserves alone in the independent reserve report on the five leases that have proven reserves in Woodson County have a value substantially above market cap valuation. Hemi also has leases in four other states and additional leases in Kansas that add several times the lease acreage that is not included in the independent reserve report.