Replies to post #38510 on Hemi Energy Group Inc. (fka HMGP)

[bdahl385]

hillzman - Agreed, all the Hemi new well completions in SEK sound great on the initial PR. Some get a follow up PR with limited new info and some just quietly fade into oblivion.

I am cautiously optimistic on the new Collins well based on PR'd info up to this point. There is potential for this one well to surpass virtually their entire oil production the first month if the zone is as good as it sounds. I'm assuming monthly totals are now running around 600 bbls. but it's only a guess. Collins would need to avg. about 20 bbls. a day on a stabilized rate to pass all the others...

I believe its Craig's turn to be in KS this week so am sure he is hard at it trying to get the equipment in place to get the well completion finalized.

The SP has definitely firmed up so with any positive news in the next 7 days could start a nice little run.

[kelseyf]

Hillzman, I never said is was not relevant but rahter I said to compare the Sturgeon (Montgomery County) and the Collins (Woodson County ) is like comparing apples to oranges. Yes they are both round but they have different colors, taste and appearance.

Yes the Sturgeon and Collins are wells of Hemi but they are located in completely different locations with completely different characteristics, topography and now initial results as they relate to development and ultimate production of a well.

Sorry but I'm not in position to answer your last question on production however again given the Hemi business model and the current price of oil I do believe that the Sturgeon Hemi -1 is also contributing its part or pulling its own weight in allowing Hemi to maintain its current cash flow positive status due to oil producing revenue.

Thanks for the re-fresher on the updte status of The Sturgeon-Hemi 1

Kels