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Article: Hemi Energy Group Acquires Sabine Mineral Corp.
- Article from:
- Business Wire
- Article date:
- September 27, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FORT WORTH, Texas -- Hemi Energy Group, Inc. (Pink Sheets: HMGP) Tulsa, OK based Sabine Mineral Corp. has been acquired as a wholly owned subsidiary of Hemi Energy Group, Inc. Sabine Mineral Corp. is a long-established company that holds leases, mineral rights and overriding royalty interests ("ORRI") in individual gas and oil wells on many leases and income streams from those assets owned by the trust. This Sabine Mineral Corp. was purchased for cash and the assets in Sabine Mineral will remain intact with in the company and is intended to be used as a vehicle to acquire additional leases and individual wells.
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