دورة المؤشرنت للتحليل الفني
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June 25, 2008 - 9:33 AM EDT وهذه السمكه طازجه
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HOCA N/A N/A
Today 5d 1m 3m 1y 5y 10y
HTOG 0.0073 -0.0012
Today 5d 1m 3m 1y 5y 10y
UPDV 0.0048 0.0012
Today 5d 1m 3m 1y 5y 10y
Heartland Coalbed Methane Revenues Continue to Advance - 18,000 Foot Pipeline to be Completed by End of June and 12 Wells Connected - New Wells Expected to Double CBM Production
With revenues from its Coalbed Methane Field in Miami County, Kansas continuing to advance, Heartland Oil and Gas Corp. (OTC BB: HTOG) (FWB: HOCA) is expecting to soon double its production from this field with the completion of Heartland’s 18,000 foot pipeline expansion project and the subsequent connection of 12 additional wells.
As demonstrated by the chart, since its acquisition by Universal Property Development and Acquisition Corporation (OTC BB: UPDV), Heartland’s gross revenue on production in Kansas has steadily increased and more than doubled to $110,729 in just 12 months.
In addition to this increasing revenue, Heartland’s pipeline expansion will connect to 12 CBM wells Heartland previously drilled and which production testing indicates will double the current output from this field. The pipeline will also open many more acres to additional drilling activity.
“We expect to have the 8 inch main completed by the end of the week,” reports Susie Glaze, Operations Manager of Heartland’s prime contractor, Aztec Well Services, Inc., another UPDA subsidiary. “The pipe will be in the ground, buried, four road crossings made, 2 creek crossings and the 8 inch pipe will be hooked into the 12 inch main. The pipeline will be stubbed out at the salt water disposal well location and we intend to go directly back to the SWD well and take it down another 100-200 ft. with a smaller drill bit. We currently have the SWD well down to 1000 feet and it has been cased with 5 1/2" production pipe and cemented in. We expect to have the SWD well done by the end of the next week and then start moving tanks so we can turn on the production wells.”
“The production increases we have been able to achieve from the existing wells are quite remarkable,” commented Heartland Spokesman Jack Baker. “And the numbers we have seen so far from the new wells are very encouraging. With the completion of the pipeline and connection of these 12 wells, we expect to double our production again and we can continue to drill new wells on the vast acreage accessible along the three miles of new pipeline. We are very optimistic that our revenue growth will accelerate at an even higher rate as we go forward with our plans.”
About Heartland Oil and Gas Corp.
In April 2007, Universal Property Development and Acquisition Corporation (OTC BB: UPDV) (www.universalpropertydevelopment.com) acquired a controlling interest in Heartland Oil and Gas Corp. and designated Heartland as its exploration and production arm. Since that time, UPDA has also established Aztec Well Services, Inc. (www.aztecwell.net) as its wholly owned field services subsidiary. For further information, visit www.heartlandoilandgas.com.
Heartland Oil & Gas Corp. (OTCBB: HTOG) recently received a reiterated “Speculative Buy” from Beacon Equity Research Analyst Victor Sula, Ph.D. The full report is available at http://www.BeaconEquity.com/m.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Heartland Oil and Gas Corp.
Investor Relations
Jack Baker, 561-630-2977
info@heartlandoilandgas.com
Source: Business Wire (June 25, 2008 - 9:33 AM EDT)
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Print Email Article Font Down Font Up Charts
close
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Your Name
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Receive Copy: yes
HOCA N/A N/A
Today 5d 1m 3m 1y 5y 10y
HTOG 0.0073 -0.0012
Today 5d 1m 3m 1y 5y 10y
UPDV 0.0048 0.0012
Today 5d 1m 3m 1y 5y 10y
Heartland Coalbed Methane Revenues Continue to Advance - 18,000 Foot Pipeline to be Completed by End of June and 12 Wells Connected - New Wells Expected to Double CBM Production
With revenues from its Coalbed Methane Field in Miami County, Kansas continuing to advance, Heartland Oil and Gas Corp. (OTC BB: HTOG) (FWB: HOCA) is expecting to soon double its production from this field with the completion of Heartland’s 18,000 foot pipeline expansion project and the subsequent connection of 12 additional wells.
As demonstrated by the chart, since its acquisition by Universal Property Development and Acquisition Corporation (OTC BB: UPDV), Heartland’s gross revenue on production in Kansas has steadily increased and more than doubled to $110,729 in just 12 months.
In addition to this increasing revenue, Heartland’s pipeline expansion will connect to 12 CBM wells Heartland previously drilled and which production testing indicates will double the current output from this field. The pipeline will also open many more acres to additional drilling activity.
“We expect to have the 8 inch main completed by the end of the week,” reports Susie Glaze, Operations Manager of Heartland’s prime contractor, Aztec Well Services, Inc., another UPDA subsidiary. “The pipe will be in the ground, buried, four road crossings made, 2 creek crossings and the 8 inch pipe will be hooked into the 12 inch main. The pipeline will be stubbed out at the salt water disposal well location and we intend to go directly back to the SWD well and take it down another 100-200 ft. with a smaller drill bit. We currently have the SWD well down to 1000 feet and it has been cased with 5 1/2" production pipe and cemented in. We expect to have the SWD well done by the end of the next week and then start moving tanks so we can turn on the production wells.”
“The production increases we have been able to achieve from the existing wells are quite remarkable,” commented Heartland Spokesman Jack Baker. “And the numbers we have seen so far from the new wells are very encouraging. With the completion of the pipeline and connection of these 12 wells, we expect to double our production again and we can continue to drill new wells on the vast acreage accessible along the three miles of new pipeline. We are very optimistic that our revenue growth will accelerate at an even higher rate as we go forward with our plans.”
About Heartland Oil and Gas Corp.
In April 2007, Universal Property Development and Acquisition Corporation (OTC BB: UPDV) (www.universalpropertydevelopment.com) acquired a controlling interest in Heartland Oil and Gas Corp. and designated Heartland as its exploration and production arm. Since that time, UPDA has also established Aztec Well Services, Inc. (www.aztecwell.net) as its wholly owned field services subsidiary. For further information, visit www.heartlandoilandgas.com.
Heartland Oil & Gas Corp. (OTCBB: HTOG) recently received a reiterated “Speculative Buy” from Beacon Equity Research Analyst Victor Sula, Ph.D. The full report is available at http://www.BeaconEquity.com/m.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Heartland Oil and Gas Corp.
Investor Relations
Jack Baker, 561-630-2977
info@heartlandoilandgas.com
Source: Business Wire (June 25, 2008 - 9:33 AM EDT)
News by QuoteMedia
www.quotemedia.com
مساهم عالمي
موقوف
- التسجيل
- 12 نوفمبر 2007
- المشاركات
- 662
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دورة المؤشرنت للتحليل الفني
50 دينار كويتي