Replies to post #39174 on Hemi Energy Group Inc. (fka HMGP)

[Badge714]

If management would produce financials and production reports there would be no question about what is going on.

[bdahl385]

Kels - so do you think this is a production result from a New well on the Reno lease or some kind of New completion on an existing Reno well?

There is no NOI for Hemi on the Reno lease going back 365 days. If this is a new completion of an old well, then I think this is a positive development and would have come out in a Hemi PR. The SP could use any positive PR's it can get right now. Mid .03's already this week, that's a lifetime low isn't it?

I also think that the Hemi "tanking" strategy should be implemented in an uptrending oil price environment, not a downtrending one. Oil was mid $140's when KA announced this in a PR. Now at $106 and dropping, seems like you would want to sell each tank as quickly as possible...