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HINTO ENERGY
5350 S. Roslyn Road, Greenwood Village, Colorado 80111
Tel: (303) 647-4842 Fax: (303) 848-8353
www.hintoenergy.com
Hinto Energy, Inc. Announces Increased Oil Production
DENVER, CO, June 18, 2014, HINTO ENERGY, INC. (OTCQB: HENI) announces increased
production from its Mason Lakes, Montana oil field.
George Harris, the Company's Chief Executive Officer, remarked, "We have seen an
increase in production from our Mason Lake Field in Montana as a result of our
re-work and production enhancement efforts and are now producing between 25 and
40 barrels of oil per day, from three wells. We will be increasing our pumping
operations, storage capacity and expanding our transportation and sales
relationships as we bring two additional wells on line during the next few
weeks." Harris continued, "We now have greater visibility on the true potential
of this field and we're hopeful that recent increases in production will be
maintained and enhanced in the coming months helping us meet our overall
production goals."
After completing the rework of its existing wells, the Company will begin
evaluating Phase Two of the field development plan which includes drilling
additional injection and production wells. The Company is also evaluating
several additional oil fields in Musselshell County, Montana that have existing
production, potential upside from production enhancements and adequate spacing
options for additional wells.
Hinto Energy, Inc. engages in the exploration, acquisition, and development of
oil and gas properties, with current properties in Utah and Montana encompassing
approximately 15,000 acres and 40 wells. The Company is based in Greenwood
Village, 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. Hanover Financial Services
Gary Herick, Vice President - Finance Ronald J. Blekicki - President/CEO
5350 S. Roslyn Road 6388 Clearview Road, Suite 100
Greenwood Village, CO 80111 Boulder, CO 80303
(303) 647-4850 (303) 494-3617
www.hintoenergy.com http://www.hanoverfinancialservices.com
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