Date Open High Low Last Change Volume % Change 01/31/07 0.2300 0.2500 0.2200 0.2500 +0.0300 392919 +13.64%
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy 20-Day Average Volume - 721485
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy 50-Day Average Volume - 761226
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 502348
posted
New Geological Information on Hemi Leases in Southeast Kansas Friday February 9, 9:45 am ET
GRAHAM, Texas--(BUSINESS WIRE)--Hemi Energy Group, Inc. (Pink Sheets HMGP) is currently exploring options to bring the one shut-in gas well on line for future gas production on its Montgomery County lease near the town of Cherryvale, Kansas. Hemi Energy has 100% working interest (net revenue interest of 80%) in this lease. Hemi believes this well will produce over 200 MCF to as much as 500 MCF per day based on detailed history of the lease from the pumper and information sharing with a local Kansas gas operator and producer. This operator's information about the blanket geological formations on Hemi's lease, when compared with his very similar blanket geological information and extensive production from gas wells on his leases in this area, forms the basis of our gas well production projection. ADVERTISEMENT
We are discussing the possibility for drilling a new joint venture gas well with this local Kansas operator because of the value of these multiple gas production formations. There are four geological oil and gas formations -- the Maulky, Squirrel, Bartlesville and Mississippian -- on this lease. This operator could provide turnkey drilling of the gas wells, with all necessary equipment and personnel to expedite the completion process to produce the wells.
The two wells on the front of the lease are flushing in oil and we are base-lining the production before releasing the number of bbls per day next week. We have almost completed all the necessary work to bring all six mature oil wells on line in the Montgomery County lease near Cherryvale.
Updated logs and new geological information on Woodson County leases, along with the extensive library of Kansas geological information that Hemi has researched since acquiring these leases, allows the independent geologist to complete the formal reserve report that will be available by next week. Newly discovered geological information and pay zones are being closely evaluated by the geologist, but due to proprietary reasons this information will not be released yet. We expect to confirm the additional values of these geological formations by coring and open hole well logging on the first Hemi well to be drilled not later than early March.
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.
"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.
posted
Hemi Energy Group Announces Oil & Gas Reserve Study for Woodson County, Kansas Leases Friday February 23, 9:47 am ET
GRAHAM, Texas--(BUSINESS WIRE)--The proven oil reserve as submitted by Geosystems Engineering, Inc., Dallas, Texas to Hemi Energy Group, Inc. (Pink Sheets:HMGP - News) is 2.15 million proved BOE and the probable reserve of 5.1 million BOE for Hemi's five leases in Woodson County, Kansas. The total potential reserves are 7.2 million Barrels Of (oil) Equivalent for this report. ADVERTISEMENT
Hemi does not yet have the formal written report, therefore, we are releasing only the basic conclusions of the reserve report about the proven and probable oil reserves in BOE's for only the five Woodson County leases with mature oil wells. Hemi is very excited about the conclusions for both of the oil reserves in the report. However, Hemi needs to see all of the information, including geological make up of the formations, engineering reports, economic and valuation variables along with any other pertinent data, before Hemi accepts the formal independent geological reserve report. After Hemi management has had an opportunity to read and study the entire written report they will release any additional information which is relevant to the oil reserves on these leases in Woodson County, Kansas.
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, 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.
"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.
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