Replies to post #59 on Hiko Energy Corp. (fka HIKO)

[eom7]

Drilling a well in May:

The well is expected to be drilled in May of this year it is being permitted under the name Lincoln Energy Management. Hiko shall have a carried interest.

[db7]

nice! i didn't catch the update in time but saw her starting to get a little action... explains it now ;)

thanks for posting!

[db7]

Update
Thu, 03/15/2012 - 12:49
Mining:
Currently management is researching 6 patented mining claims in Utah and Nevada to determine their status. They were reported in old SEC flings which dated back to the 70's Management has seen no records indicate they were sold.

Oil and Gas:
Hiko Energy has selected an operator for the drilling of the No. 1 Michael Meaney. Lincoln Energy Management has committed to participation in the well based on their assumption of operations. The wildcat well is located Duval Co. in the Jackson Yegua Trend. The well is expected to be drilled in May of this year it is being permitted under the name Lincoln Energy Management. Hiko shall have a carried interest.
Hiko also has taken a position in a field development well in Otter Lake Field in Michigan. This well location is classified as a proved undeveloped location with three know targeted producing zones to test. The field originall was drilled to test deeper zones which were plugged without testing the upper zones.

Financing:
Hiko is in discussions on bridge financing to finalize audits for financials in its SEC filings, for the acquisition of various oil and gas leases and production and the acquisition or reacquisition of certain mining claims.

[Phull1]

Good find eom7, sounds promising