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HINTO ENERGY, INC.
Acquires oil wells and leases in Montana
DENVER, CO, July 16, 2013, HINTO ENERGY, INC. (OTCQB: HENI) announced the
acquisition of a 95% working interest in a 6 wells and approximately 1,160 gross
leased acres in the Mason Lakes oil field in Musselshell, Montana.
George Harris, the Company's Chief Executive Officer, remarked, "We are
extremely pleased to acquire these wells and oil leases in Montana. Source,
injection and production wells are in place and we expect to rework the field
and begin production during the third quarter. We believe the combination of
recoverable oil and current oil prices make this a very attractive acquisition."
In addition to existing production and rework opportunities, the Company
believes the leases acquired provide significant potential for drilling
additional oil wells. The Company is continuing to evaluate opportunities to
expand its lease holdings in the Musselshell county 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
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.co
