Attached files
HINTO ENERGY, INC. ADDS NATURAL GAS
DENVER, CO, Apr 09, 2013 (Marketwired via COMTEX) -- 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