Replies to post #38178 on Hemi Energy Group Inc. (fka HMGP)

[sneaky2]

Hemi has acquired, for cash, additional Barnett-Shale leases in Fort Worth since our press release on April 22nd. These additional checker-boarded leases will absolutely be legally necessary to be pooled with their leases before these two companies, with major urban development drilling programs, can begin to drill. The multi-billion dollar oil company, with home offices in Fort Worth, is also showing interest in our Barnett-Shale leases in Fort Worth.

Are we undervalued? I believe we are.

[zguy]

EXACTLY, sneaky2. That is the point that I have been trying to make for several months. Statements such as that and cash flow positive FROM THE SALE OF OIL are far more important than a small oil company issuing a press release stating they have x bopm production. I don't think investors realize how many small oil companies do shifty financing deals in order to finance wells and production. Hemi is not in this situations. Without knowing the details behind WHO gets the money, production reports aren't, IMO, as valuable as the statements Hemi has already been making. I've posted about a year ago there are small oil companies out there with decent production but they KILLED themselves getting there and just their interest payments may exceed the monies taken in from production. Hemi has provided us with the BOTTOM LINE in that oil production monies are paying all bills. That is more important to me than ONLY knowing a bopm production rate because without this info, a company could be pumping 4000 bopm but if it take 5000 bopm (after you pay everyone else with their hand in your pocket!) to pay the bills, that ain't so great!

Very good point indeed :)