HMGP Hemi Energy Group Inc (GM)

Hemi Energy Group, Inc. (Pink Sheets:HMGP) Hemi-2 is a good producing new oil well that exceeded our expectations but we have chosen to try to maximize oil production by using additional advanced completion techniques for this first new well that have not been previously used in our area of southeast Kansas. Therefore, more time than was initially allocated for well completion is being used before the baseline bbls per day can be announced. The independent written reserve report has been studied, and along with recent core samples, Hemi decided the extra time and expense was justified in this first new well to improve future production of other new wells to be drilled on our six leases in Woodson County, Kansas. Using the information derived from this additional testing and completion techniques will allow additional new wells to be completed much more efficiently and in a more timely manner. Hemi will drill a second well on the same lease as soon as drilling equipment is available in the next 5 to 10 days. We are doing drilling site preparation on this lease to enable the drilling equipment access to the new drilling site. Based on our experience of previously reworked wells on adjacent leases, we will be selecting sites for drilling multiple new wells each month in our ongoing developmental drilling program throughout the second quarter. Hemi�s Pulstar 20000 heavy duty truck, rigged out for pulling/workover of oil and gas wells, is being used on the Woodson County Bennett lease to begin reworking of 8 to 10 additional wells. Three wells on this lease have good production of 3 to 5 bbls per day per well and have been producing for months. The Bennett lease is one of our better leases and has an additional 8 to 10 mature wells that we are in the process of reworking as the spring weather is allowing access to this area of the lease. Based on its library of extensive geological information on Woodson County, Hemi is in the process of acquiring additional leases, some of which have mature oil wells and some which have never been drilled but are adjacent to leases with mature wells. 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. For additional information, please go to http://hemienergy.com or http://www.stockinformationsystems.com/c/HMGP/index.html.