Replies to post #35148 on Hemi Energy Group Inc. (fka HMGP)

[mortgage1]

Wow! Thanks for that indepth review zguy...very informative and a keeper.

[Ericus]

Quite impressive DD. Thanks ! Deserves a better place... in the permanent iBox

[legolas233]

definitely post of the day/week/month/...

[duelittle2]

UNCONVENTIONAL GAS RESOURCES IN KANSAS


BOTTOM LINE

Unconventional gas resources have become an increasingly important part of natural gas production from the domestic United States. Coalbed methane gas, alone represented 9% of all natural gas produced in 2003 and 2004. Opportunities to reap the benefits of unconventional gas plays exist in Kansas and the adjoining areas of Colorado, Missouri and Oklahoma. This workshop provides an overall prospective of unconventional gas resources in Kansas by the Survey. Companies involved in the development also shared their expertise with fellow operators. One challenge is to scale down new technologies to make them available and economic to the small independent operators working in the Midcontinent.

PROBLEM ADDRESSED

The need for increased unconventional natural gas production in the next 10 to 20 years has created a market, which independent operators in Kansas want to share in. However, information on the resources and techniques to evaluate them has been minimal. The Kansas Geological Survey has a responsibility to the people of Kansas to provide information on the development and economic production of resources vital to Kansas' economy.


"New technologies and methodologies and prediction capabilities can allow the small independent operators in Kansas to participate in economic recovery from unconventional gas plays."

http://www.pttc.org/workshop_summaries/sol_2005/543.pdf

****Guess who Is participating in proving the Reserves Up!!

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Tidbits


Interesting Map..

http://www.kgs.ku.edu/PRS/AAPG2005/forestcity/p3-07.html

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Coalbed Methane Alert
Current CBM Prospects
Providing the E&P community with the latest information, data and resources for the coalbed methane industry.
http://www.ticora.com/cbmalerts/CBM%20ALERT%20NOVEMBER%202002.pdf

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Kansas Coal Bed Methane Gas Update
FORT WORTH, Texas--(BUSINESS WIRE)--Hemi Energy Group, Inc. (Pink sheets: HMGP) has identified five coal bed layers under the five mature leases with oil production in Woodson County, Kansas
http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080514005716&newsLang=en

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"Kansas ranks first in drilling permits in the U.S. for oil and gas wells
being drilled at a depth less than 5,000 feet; Texas ranks second at a
level of 30% below that of Kansas."

http://www.cyperus.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/05-07-2008/0004808824&EDATE=

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[REAZO]

Excellent info zguy. Big Mur....This gets my vote for "Post of the Day".

And here we sit in the pennies still. The proven Oil reserves alone place hemi at just over $1. I think we will find that the original proven oil is only a fraction of Hemi's overall value.

Soon, those buying at .11 will be very glad they did.

[kelseyf]

Zguy........ outstanding insight, information and DD on the lease areas (states) that involve gas reserves for HMGP, IMO this puts the HMGP potential into a very clear perspective.

Big Mur.....my vote is that this information provided by Zguy is an IBOX KEEPER for HMGP and for those who want to review this in the future.

Kels

[icemann]

Just went back and read Z-guys post for the third time and something keeps jumping out at me.

"In Sabine County, TX, Hemi has 360 acres with 3 adjacent oil and gas leases. Wells in Shelby County that are about 4 miles to the north average over 2,000 mcf/day. The average well is producing over $400,000 per month when using $7/mcf. These gas wells and gas fields have a slow rate of decline and have an economical life of over ten years".

This is some serious cash for one well... I was curious to know if anyone knows how deep they had to drill to achieve this kind of production and what kind of well spacing was needed.