Hinto Energy, Inc. Acquires Oil Wells and Leases in Montana
July 16 2013 - 10:42AM
Marketwired
HINTO ENERGY, INC. (OTCQB: HENI) announced
the acquisition of a 95% working interest in a 6 wells and
approximately 1,160 gross leased acres in the Mason Lakes oil field
in Musselshell, Montana.
George Harris, the Company's Chief Executive Officer, remarked,
"We are extremely pleased to acquire these wells and oil leases in
Montana. Source, injection and production wells are in place and we
expect to rework the field and begin production during the third
quarter. We believe the combination of recoverable oil and current
oil prices make this a very attractive acquisition."
In addition to existing production and rework opportunities, the
Company believes the leases acquired provide significant potential
for drilling additional oil wells. The Company is continuing to
evaluate opportunities to expand its lease holdings in the
Musselshell county area.
Hinto Energy, Inc. engages in the exploration, acquisition, and
development of oil and gas properties. The company was formerly
known as Garner Investments, Inc. and changed its name to Hinto
Energy, Inc. in September 2011. The company is based in Arvada,
Colorado.
Notice Regarding Forward-Looking
Statements
This press release may contain certain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Investors are cautioned that such
forward-looking statements involve risks and uncertainties, which
include among others, the inherent uncertainties associated with
petroleum exploration and development stage exploration companies
including without limitation, other risks detailed from time to
time in the Company's periodic reports filed with the Securities
and Exchange Commission.
Contact Information: Hinto Energy, Inc. Gary Herick Vice
President - Finance 7609 Ralston Road Arvada, CO 80002 (303)
647-4850 www.hintoenergy.com
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