HMGP Hemi Energy Group Inc (GM)

Hemi Energy Group, Inc. (Pink Sheets:HMGP) Hemi Energy announces that McPherson Drilling of Cherryvale, Kansas has moved onto Hemi�s Tebbens lease, located in Woodson County, where they will commence drilling the Tebbens_Hemi 1 into the Arbuckle formation. The Arbuckle formation is a relatively deep formation by Eastern Kansas standards. Hemi has undertaken this deeper drilling horizon in order to test and evaluate many of the known and unknown oil and gas formations which lie below the current Squirrel formation. Current production in the Squirrel formation is from the 750� to 800� range. Additionally, once the drilling of this well has been completed later this week, McPherson will commence drilling on the Sturgeon Lease located near Cherryvale Kansas. Hemi has selected the Sturgeon_Hemi 1 to the Mississippian formation as the target of this drill. This well will be drilled 100� offsetting a well that was drilled into the Mississippian formation in 1953. At the time this well was originally drilled, the developer discovered natural gas in the Mississippian formation and due to the lack of demand for natural gas and lack of infrastructure to get the natural gas to market, the driller chose to plug and abandon the well. 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. "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.