HMGP Hemi Energy Group Inc (GM)

Hemi Energy Group, Inc. (Pink Sheets HMGP) reports the first shipment of 180 bbls at $53.70 per bbl has been completed in November. Hemi Energy will have 3 to 4 shipments of 180 bbls each completed in the month of November. More oil is produced each month than can be shipped because partial shipments of less than 180 bbls cannot be picked up by Plains Marketing, LLP, since safety regulations control how pickups may be made at tanks in an oilfield. Extensive rebuilding and reconditioning of equipment and lease improvement, i.e. electrical lines, road improvements and underground oil pipeline systems to oil storage tanks, has allowed improvements to be made to wells. A little over 20 percent of the wells in the Woodson County, Kansas five leases have now established base-line production figures, and are reworked completely and producing oil. Based on improvements being completed in November, Hemi Energy expects to have more than 900 bbls of oil production in December. The above lease improvements will enable Hemi to complete additional wells being reworked and bring more wells on line. Hemi Energy has approximately four thousand acres on a lease in southeastern New Mexico near Roswell in Chaves County. This lease has historic oil production. There have been new wells drilled by other oil companies that are currently producing, and new reserves being explored in Eddy and Lea County adjacent to and south of Chaves County. Hemi Energy also has leases in four additional states and some of these leases are near major oil/gas production. About Hemi Hemi Energy Group is an independent crude oil and natural gas producer employing a unique business model capitalizing on technological advances to exploit mature fields with millions of barrels of proven oil remaining in the ground. Using attractive lease/royalty packages, Hemi has secured, in its history, tens of thousands of acres of productive domestic projects. The company's forward-thinking strategy has placed it in an enviable position at a time when prices and global demand for oil continue to rise. Building on decades of experience in enhanced oil recovery, Hemi has successfully amassed a substantial and attractive portfolio of these high-quality domestic properties. By streamlining operations through cutting-edge technologies, Hemi has the ability to operate more effectively and efficiently than larger oil companies. For additional information, please go to http://hemienergy.com or http://www.stockinformationsystems.com/c/HMGP/index.html Safe Harbor Provision Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements. Hemi Energy Group, Inc. (Pink Sheets HMGP) reports the first shipment of 180 bbls at $53.70 per bbl has been completed in November. Hemi Energy will have 3 to 4 shipments of 180 bbls each completed in the month of November. More oil is produced each month than can be shipped because partial shipments of less than 180 bbls cannot be picked up by Plains Marketing, LLP, since safety regulations control how pickups may be made at tanks in an oilfield. Extensive rebuilding and reconditioning of equipment and lease improvement, i.e. electrical lines, road improvements and underground oil pipeline systems to oil storage tanks, has allowed improvements to be made to wells. A little over 20 percent of the wells in the Woodson County, Kansas five leases have now established base-line production figures, and are reworked completely and producing oil. Based on improvements being completed in November, Hemi Energy expects to have more than 900 bbls of oil production in December. The above lease improvements will enable Hemi to complete additional wells being reworked and bring more wells on line. Hemi Energy has approximately four thousand acres on a lease in southeastern New Mexico near Roswell in Chaves County. This lease has historic oil production. There have been new wells drilled by other oil companies that are currently producing, and new reserves being explored in Eddy and Lea County adjacent to and south of Chaves County. Hemi Energy also has leases in four additional states and some of these leases are near major oil/gas production. About Hemi Hemi Energy Group is an independent crude oil and natural gas producer employing a unique business model capitalizing on technological advances to exploit mature fields with millions of barrels of proven oil remaining in the ground. Using attractive lease/royalty packages, Hemi has secured, in its history, tens of thousands of acres of productive domestic projects. The company's forward-thinking strategy has placed it in an enviable position at a time when prices and global demand for oil continue to rise. Building on decades of experience in enhanced oil recovery, Hemi has successfully amassed a substantial and attractive portfolio of these high-quality domestic properties. By streamlining operations through cutting-edge technologies, Hemi has the ability to operate more effectively and efficiently than larger oil companies. For additional information, please go to http://hemienergy.com or http://www.stockinformationsystems.com/c/HMGP/index.html Safe Harbor Provision Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.