Attached files
EXHIBIT 99.1
HINTO ENERGY, INC. ANNOUNCES THIRD QUARTER RESULTS
DENVER, CO, NOVEMBER 12, 2014, HINTO ENERGY, INC. (OTCQB: HENI) engaged in the
exploration, acquisition, and development of oil and gas properties, with
current properties in Utah and Montana, today announced its results of
operations for the three and nine months ended September 30, 2014. The Company
generated oil sales of $159,167 during the third quarter of 2014 and $350,506
for the first nine months of 2014 which is a 718% increase over the comparable
period in 2013. Increasing oil production from the Mason Lakes, Montana field
accounted for the increase in oil production and revenues.
"Third Quarter of 2014 has been a quarter of firsts for the Company. We realized
not only revenue growth, but also have seen consistent production results from
our enhanced recovery efforts," George Harris, Chief Executive Officer of the
Company stated. "Management will continue to focus its efforts on increasing oil
production from our existing properties in both Utah and Montana and through
strategic property acquisitions, which we're currently pursuing. With record
production in October of 2014, announced last week, we believe we will see
continued growth in oil and natural gas production going forward."
During the third quarter of 2014, the Company announced its acquisition of 8 oil
wells in the Ragged Point Oil Field in Musselshell County, Montana and in
October of 2014, and announced its acquisition on a 75% non-operating interest
in an exploratory well in Medina, Ohio. These are continuing steps in our plan
to achieve production and revenue growth.
Hinto Energy, Inc. is involved in the acquisition, production, development and
exploration of Oil and Natural Gas properties in the Rocky Mountain Basins. The
Company is actively seeking to acquire producing oil and natural gas properties
that offer long term production opportunities and proven oil and natural gas
reserves. The Company employs state-of-the-art technology for reservoir
characterization, to discover by-passed reserves, and to evaluate unexploited
resources utilizing modern horizontal drilling techniques. For more information
visit www.hintoenergy.com.
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 Street (303) 494-3617
Greenwood Village, CO 80111 http://www.hanoverfinancialservices.com
(303) 647-4850
www.hintoenergy.com
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5350 S. Roslyn Street, Suite 400, Greenwood Village, Colorado 80111
Tel: (303) 647-4842 Fax: (303) 848-8353
www.hintoenergy.co
