HMGP Hemi Energy Group Inc (GM)

Hemi Energy (Pink Sheets: HMGP) is finalizing the acquisition of approximately 104 additional wells. These additional wells are located adjacent and offsetting to the 63 wells currently being upgraded and converted to EOR (Enhanced Oil Recovery). This acquisition will allow for ongoing expansion of Hemi's current Eastern Kansas EOR operations. This critical acquisition will give Hemi in excess of four contiguous square miles of EOR operations. This acquisition is expected to close within 7-14 working days On a further note, Canadian geologist E. A. Eddie Hunt of Tectonic Energy Consulting Inc., Calgary, Alberta, Canada, has completed his Kansas field research and has returned to Calgary to begin preparation of optimum EOR stimulation methods in order to yield maximum production and recovery of the petroleum reserves. According to Hunt, preliminary indications show significantly higher than anticipated proved reserves, which may also warrant the need for in-fill and step-out drilling of new wells. A full geological report should be completed within 7-14 working days. About Hemi 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 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. For additional information, please go to www.hemienergy.com. or http://www.stockinformationsystems.com/c/HMGP/index.html. "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.