HMGP Hemi Energy Group Inc (GM)

Hemi Energy Group, Inc. (Pink Sheets HMGP) In 2006 there were 25 newly drilled wells producing oil within approximately a three mile radius of Hemi's leases in Woodson County, KS. These new wells are on the same 150 thousand acre Humboldt-Chanute oilfield geological structure as Hemi's five leases, totaling over 3 square miles. These new wells have flushed-in at 40-100 bbls a day. All of these new wells have been drilled on mature oilfields that currently have re-worked and/or producing old wells on the leases. A major reason why as much as 75% of the oil reserves has remained un-produced in these mature fields is due to the fact that these wells were drilled using less advanced technologies than those available today. This Humboldt-Chanute oilfield with a shallow sandstone (squirrel) and dolomite formation (Mississippian) in southeast Kansas, presents itself as probably one of the best candidates for secondary oil recovery, using pressure water flooding or enhanced oil recovery production (EOR), in all of the domestic United States. The value of the Hemi Energy leases are benefiting from the increasing trend of new producing wells and prove-up of oil reserves near the company's leased area in Woodson County. Partly based on this information, Hemi Energy will start developing the proven oil fields in their Kansas leases by drilling new wells in the spring of 2007. Hemi has now established a base-line of oil production from the re-worked wells in Woodson County, Kansas, which comprise approximately 30 percent of the total wells located in the leased area. For the month of November, the company completed four shipments of 180 bbl each. Cash flow from oil production will, therefore, be more than sufficient to allow the company to complete the re-working of all its remaining wells in 2007. 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" Statement under the Private Securities Litigation Reform Act of 1995 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) In 2006 there were 25 newly drilled wells producing oil within approximately a three mile radius of Hemi's leases in Woodson County, KS. These new wells are on the same 150 thousand acre Humboldt-Chanute oilfield geological structure as Hemi's five leases, totaling over 3 square miles. These new wells have flushed-in at 40-100 bbls a day. All of these new wells have been drilled on mature oilfields that currently have re-worked and/or producing old wells on the leases. A major reason why as much as 75% of the oil reserves has remained un-produced in these mature fields is due to the fact that these wells were drilled using less advanced technologies than those available today. This Humboldt-Chanute oilfield with a shallow sandstone (squirrel) and dolomite formation (Mississippian) in southeast Kansas, presents itself as probably one of the best candidates for secondary oil recovery, using pressure water flooding or enhanced oil recovery production (EOR), in all of the domestic United States. The value of the Hemi Energy leases are benefiting from the increasing trend of new producing wells and prove-up of oil reserves near the company's leased area in Woodson County. Partly based on this information, Hemi Energy will start developing the proven oil fields in their Kansas leases by drilling new wells in the spring of 2007. Hemi has now established a base-line of oil production from the re-worked wells in Woodson County, Kansas, which comprise approximately 30 percent of the total wells located in the leased area. For the month of November, the company completed four shipments of 180 bbl each. Cash flow from oil production will, therefore, be more than sufficient to allow the company to complete the re-working of all its remaining wells in 2007. 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" Statement under the Private Securities Litigation Reform Act of 1995 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.