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HTOG, will it even out?
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[QUOTE]Originally posted by JimSC: [QB] Thanks, JU. ***** HTOG: 0.0035 OS: 75 M shares Market cap: 264 K$ Ann rev: 3.2 M$. Recent PR from HTOG: *** Posted by: turn around Date: Friday, May 30, 2008 6:47:26 AM In reply to: None Post # of 2873 Record Revenues Posted by Heartland Oil and Gas in April - Pipeline Extension Nears Completion FRIDAY , MAY 30, 2008 06:29 AM SAN ANTONIO, May 30, 2008 (BUSINESS WIRE) -- Heartland Oil and Gas Corp. (OTC BB: HTOG) (FWB: HOCA) posted revenues from the sale of natural gas in excess of $266,000 during the month of April, including sales of more than $100,000 for the first time ever from its coal bed methane fields in Kansas. "The production from Kansas has been consistently increasing since UPDA first acquired Heartland about one year ago and with the steady escalation of prices, revenues have increased at an even steeper rate," remarked Heartland Spokesman Jack Baker. "With the 12 additional wells to be connected soon to the pipeline extension, revenue growth should become even more dramatic, perhaps as much as double." "We have also greatly expanded production from our Catlin Oil and Gas Field in Jack County, Texas, generating over 300 mcfg/day as well as enlarging quantities of crude oil," continued Baker. "These increases, coupled with the significant G & A and payroll cost reductions we implemented last year, should considerably strengthen our bottom line in the coming quarters." Heartland continues its efforts to further enhance production with the nearing completion of construction of the 4 1/2 mile pipeline extension to connect the 12 new wells in its Jake Coal Bed Methane Field and substantially expand its area of operations in Miami County, Kansas. In Palo Pinto County, Texas, Heartland will soon drill another salt water disposal well and is negotiating terms for connection to a highly efficient low pressure sales line which will allow for expanded production from Heartland's 5 wells drilled and completed in the Barnett Shale. "Even in this difficult investment climate and despite steadily increasing costs for oil field equipment and services, we have maintained our commitment to the growth of our field operations," concluded Heartland's Baker. "Progress has been slower than anticipated but steady. We will continue to apply all available resources to the development of our vast acreage in Kansas and to exploit the considerable potential of our well-positioned assets in Texas. While the results we have already achieved are significant, we are even more confident in the promise of the future." About Heartland Oil and Gas Corp. In April 2007, Universal Property Development and Acquisition Corporation (OTC BB: UPDV) (www.universalpropertydevelopment.com) acquired a controlling interest in Heartland Oil and Gas Corp. and designated Heartland as its exploration and production arm. Since that time, UPDA has also established Aztec Well Services, Inc. (www.aztecwell.net) as its wholly owned field services subsidiary [/QB][/QUOTE]
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