Hemi Energy Group Announces Texas and Kansas Updates
Tuesday September 18, 9:47 am ET

FORT WORTH, Texas--(BUSINESS WIRE)--Hemi Energy Group, Inc. (Pink Sheets: HMGP - News): Hemi has been selected, because of its prior relationship, expertise and experience, to negotiate and acquire a lease for our investor client. Hemi will be drilling a new high value well in Texas for this client to prove up reserves in this lease. Hemi will participate as the operator/developer in this well and will acquire additional leases for Hemi in the same area of this drill site. This investor entity will fund the drilling and development of their Texas leases.

Hemi is also negotiating to acquire additional valuable leases in Texas for itself, in addition to the above property. The company is reviewing its leaseholdings in Texas for the purpose of drilling on these leases in the fourth quarter of 2007. Fourth quarter will bring more development of leases not only in Kansas but also in Texas.

We are redoing the completion process on the new well in Montgomery County near the town of Cherryvale, Kansas to better produce the oil well. We will be keeping the natural gas pay zones in this well "behind pipe" for future development as well as the existing producible shut-in gas well on this lease. Hemi has implemented its business plan of expanding its physical presence in Kansas by acquiring several buildings and city lots being used as an office and storage facility in Piqua, Woodson County, Kansas. We are currently storing several types of tanks, drilling supplies and other needed equipment at this site for future well development. The leasing program in Woodson County is ongoing as other valuable properties are still being evaluated. There have been additional reworked wells brought back on line in the last month after leases infrastructures were repaired. Also, additional wells are in the process of being reworked and brought on line in Woodson County, KS.

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, in its history, 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

"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.