Hinto Energy, Inc. Adds Natural Gas
09 Abril 2013 - 7:00AM
Marketwired
HINTO ENERGY, INC. (OTCQB: HENI) is pleased
to report the Company has recommenced its work over program for the
Cisco Springs oil and gas field, in the Uintah Basin of Grand
County, Utah. In reworking its 5A well, the company perforated a
gas zone at a depth of approximately 500 feet and had an immediate
sustained gas blow that the crew had difficulty shutting off. The
well gas pressure could not be bled down sufficiently to allow for
well completion. A new well head was ordered to manage the higher
than expected gas pressure and enable production tubing to be
installed. The company is planning to connect the well into the
local gas gathering system, as soon as proper testing and
evaluation is completed.
George Harris, the Company's Chief Executive Officer, remarked,
"It is taking longer than expected to complete the well due to the
higher sustained gas pressure encountered, but this is a good sign
for potential future production for this well and other rework and
exploration wells in the area. The recent rise of natural gas
prices makes these shallower wells attractive at this time."
The company will continue its work over of additional wells, is
returning several wells to oil production and identifying locations
to permit for new drilling. The Company is also seeking
opportunities to expand its lease holdings in the Greater Cisco
area.
Hinto Energy, Inc. engages in the exploration, acquisition, and
development of oil and gas properties. The company was formerly
known as Garner Investments, Inc. and changed its name to Hinto
Energy, Inc. in September 2011. The company was founded in 2011 and
is based in Arvada, Colorado.
Notice Regarding Forward-Looking
Statements
This press release may contain certain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Investors are cautioned that such
forward-looking statements involve risks and uncertainties, which
include among others, the inherent uncertainties associated with
petroleum exploration and development stage exploration companies
including without limitation, other risks detailed from time to
time in the Company's periodic reports filed with the Securities
and Exchange Commission.
Contact Information: Hinto Energy, Inc. Gary Herick Vice
President - Finance 7609 Ralston Road Arvada, CO 80002 (303)
647-4850 www.hintoenergy.us Investor Relations: DME Capital,
LLC David Elias 516-967-0205 Email Contact
Hinto Energy (PK) (USOTC:HENI)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Hinto Energy (PK) (USOTC:HENI)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024