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Article: Hemi Energy Group, Inc. April Update.
- Article from:
- Business Wire
- Article date:
- April 17, 2008
CopyrightCOPYRIGHT 2008 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) The evaluation of the well logs and the drill cutting samples from the new well drilled on the Collins lease in Woodson County, Kansas has good oil shows from multiple pay zones. This well should be a good producing oil well after it is frac'ed and other completion techniques are finalized based on experience of industry professionals. This is not a mature lease and therefore should have longer lasting production at a higher rate than wells that are drilled on leases with mature wells in southeast Kansas. Hemi learned much more about deeper pay zones (the Company has declared tight hole status) from this ...
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