Hinto Energy, Inc. Announces Production Increase
April 29 2014 - 6:00AM
Marketwired
Hinto Energy, Inc. Announces Production Increase
DENVER, CO--(Marketwired - Apr 29, 2014) - HINTO ENERGY, INC.
(OTCQB: HENI) announces increase in production from its Mason
Lakes, Montana oil field.
George Harris, the Company's Chief Executive Officer, remarked,
"After weather delays resulting from the very severe winter, we are
extremely pleased to announce progress in our re-work and
production enhancement efforts in the Mason Lake Field in Montana
and are now producing between 20 to 25 barrels of oil per
day. In early May we will increase pumping capacity of one
well by an estimated factor of 5. After evaluating the benefit
of this initial pumping upgrade, additional pumping upgrades are
expected to be deployed. Although delayed, the anticipated
field potential is starting to be realized. The Company
expects to see an increase in its production levels during the
second quarter at the field and is making progress in meeting field
production goals."
The Company is also focusing on re-work efforts at its Cisco
holdings in Utah and plans to rework its Natural Buttes gas
well. The Company is continuing to evaluate opportunities to
expand its well and lease holdings in Montana, Colorado, Utah and
Wyoming.
Hinto Energy, Inc. engages in the exploration, acquisition, and
development of oil and gas properties, with current properties in
Utah and Montana encompassing approximately 15,000 acres and 40
wells. The Company is based in Greenwood Village, 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 5350 S. Roslyn Road Greenwood Village, CO 80111
(303) 647-4850 www.hintoenergy.com
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