Hemi Energy Group Acquires Sabine Mineral Corp.
Thursday September 27, 9:50 am ET

FORT WORTH, Texas--(BUSINESS WIRE)--Hemi Energy Group, Inc. (Pink Sheets: HMGP - News) 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.

Wilshire Capital Group has shown interest in helping with the development of this financial instrument, Sabine Mineral Corp. Hemi continues to implement its business plan with this acquisition and strengthen its relationship with Wilshire Capital Group, who urged this acquisition as part of our operational plans. As development progresses Sabine Mineral Corp. will be renamed the Hemi-WJSE royalty trust, as part of on going negotiations with Wilshire Capital Group.

Wilshire is studying the independent reserve report on the five leases that have proven reserves in Woodson County, Kansas to determine their potential involvement for development. In addition, there are several new projects in two states that Hemi is presently reviewing that are at different stages of development and implementation.

Hemi President and CEO Keith A. Anderson stated, "Our Market cap is substantially undervalued, an artificially low market cap based on what the Oil and Gas Industry book value would value Hemi Assets, We are aware that some shareholders have issues and are concerned by after-hours stock trading. We would like to reassure the stockholders that Hemi management has no knowledge nor involvement in the after-hours trading that appears to be discounted stock prices to brokers. Management has used shares in 2007, most of them being restricted shares, to acquire assets for the benefit of Hemi, its shareholders and management compensation and services."

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.