Hinto Energy, Inc. Receives $2,000,000 of Additional Capital
January 23 2014 - 5:00AM
Marketwired
Hinto Energy, Inc. Receives $2,000,000 of Additional Capital
DENVER, CO--(Marketwired - Jan 23, 2014) - HINTO ENERGY, INC.
(OTCQB: HENI) announces receipt of $2,000,000 of additional capital
through issuance of a three year convertible note.
George Harris, the Company's Chief Executive Officer, remarked,
"We are very pleased to announce the receipt of this
$2,000,000. This additional investment enables the Company to
accelerate production improvements from existing oil wells in our
Montana and Utah oil and gas fields. The Company intends to
also begin obtaining permits to drill new wells on existing leases
in Utah."
Management believes drilling additional oil wells on the
Company's Mason Lake, Montana and Cisco, Utah leases provides
significant upside oil production potential. The Company is
continuing to evaluate opportunities to expand its well and lease
holdings in Montana, Colorado, Utah and Wyoming through acquisition
or joint venture.
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 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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