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HINTO ENERGY, INC.
Acquires additional wells and 4,400+ acres
DENVER, CO, July 2, 2013, HINTO ENERGY, INC. (OTCQB: HENI) is pleased announce
the acquisition of a 100% working interest in 9 natural gas wells and
approximately 4,400 gross leased acres in the Cisco Springs oil and gas field,
in the Uintah Basin of Grand County, Utah from Pride Ventures. The company is
planning to connect the gas wells of its other Cisco holdings into the newly
acquired local gas gathering system, as soon as proper testing and evaluation is
completed.
George Harris, the Company's Chief Executive Officer, remarked, "We have been
working to acquire this Cisco acreage for the past year. The property is
adjacent to the Company's existing Cisco leases and increases holdings in the
area to over 9,000 acres and 35 wells. The leases being acquired include a
natural gas gathering system connected to a local pipeline that greatly
simplifies collection and sale of natural gas from existing Company gas wells in
the area. The recent rise of natural gas prices continues to make the production
economics of shallow gas in the area attractive."
In addition to existing production and rework opportunities, the Company
believes the leases acquired provide significant potential for drilling
additional oil and gas wells. The Company will continue to look at 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.u