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Press Release Source: Heartland Oil and Gas Corp.
Heartland Fractures 8 New Wells - Continues Installation of 8 Miles of Flow Lines to Wells Expected to Double Coalbed Methane Production
Monday August 11, 7:05 am ET
MIAMI COUNTY, Kan.--(BUSINESS WIRE)--Heartland Oil and Gas Corp. (OTCBB: HTOG - News) (FWB: HOCA) has successfully fractured the coal seams in 8 of its newly drilled wells in Miami County, Kansas and preliminary testing of the Prothe 42-3 indicates that the wells will deliver methane production in significant excess of the amount originally anticipated. Heartland also has continued installation of about 44,000 feet of 4 inch flow lines with over 26,000 feet trenched, laid and backfilled in preparation for full production of the wells.
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“Our preliminary testing indicates that the Prothe 42-3 is making 50-60 mcf gas per day,” reports Susie Glaze, Operations Manager of Heartland’s prime contractor, Aztec Well Services, Inc., another UPDA subsidiary. “This is about double our target production amounts.”
Within the past week, Heartland has fractured the coal seams in the Reichert 14-2, the Reichert 13-2, the Reichert 43-3 and the Vohs 32-3. Heartland has also completed the salt water disposal well necessary and testing indicates that this well has appreciably more disposal capacity than will be necessary for the maximum number of wells that it will be required to service.
The wells have been fractured at depths ranging from 370 feet to 456 feet in the Lexington, Mulke and Summit coal seams. They will now be connected to the salt water disposal well for de-watering and will be prepared for production as the flow lines reach them.
About Heartland Oil and Gas Corp.
In April 2007, Universal Property Development and Acquisition Corporation (OTCBB: UPDV - News) (www.universalpropertydevelopment.com) acquired a controlling interest in Heartland Oil and Gas Corp. and designated Heartland as its exploration and production arm. Since that time, UPDA has also established Aztec Well Services, Inc. (www.aztecwell.net) as its wholly owned field services subsidiary. For further information, visit www.heartlandoilandgas.com.
Heartland Oil & Gas Corp. (OTCBB: HTOG) recently received a reiterated “Speculative Buy” from Beacon Equity Research Analyst Victor Sula, Ph.D. The full report is available at http://www.BeaconEquity.com/m.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Contact:
Heartland Oil and Gas Corp.
Investor Relations:
Jack Baker, 561-630-2977
info@heartlandoilandgas.com
Heartland Fractures 8 New Wells - Continues Installation of 8 Miles of Flow Lines to Wells Expected to Double Coalbed Methane Production
Monday August 11, 7:05 am ET
MIAMI COUNTY, Kan.--(BUSINESS WIRE)--Heartland Oil and Gas Corp. (OTCBB: HTOG - News) (FWB: HOCA) has successfully fractured the coal seams in 8 of its newly drilled wells in Miami County, Kansas and preliminary testing of the Prothe 42-3 indicates that the wells will deliver methane production in significant excess of the amount originally anticipated. Heartland also has continued installation of about 44,000 feet of 4 inch flow lines with over 26,000 feet trenched, laid and backfilled in preparation for full production of the wells.
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“Our preliminary testing indicates that the Prothe 42-3 is making 50-60 mcf gas per day,” reports Susie Glaze, Operations Manager of Heartland’s prime contractor, Aztec Well Services, Inc., another UPDA subsidiary. “This is about double our target production amounts.”
Within the past week, Heartland has fractured the coal seams in the Reichert 14-2, the Reichert 13-2, the Reichert 43-3 and the Vohs 32-3. Heartland has also completed the salt water disposal well necessary and testing indicates that this well has appreciably more disposal capacity than will be necessary for the maximum number of wells that it will be required to service.
The wells have been fractured at depths ranging from 370 feet to 456 feet in the Lexington, Mulke and Summit coal seams. They will now be connected to the salt water disposal well for de-watering and will be prepared for production as the flow lines reach them.
About Heartland Oil and Gas Corp.
In April 2007, Universal Property Development and Acquisition Corporation (OTCBB: UPDV - News) (www.universalpropertydevelopment.com) acquired a controlling interest in Heartland Oil and Gas Corp. and designated Heartland as its exploration and production arm. Since that time, UPDA has also established Aztec Well Services, Inc. (www.aztecwell.net) as its wholly owned field services subsidiary. For further information, visit www.heartlandoilandgas.com.
Heartland Oil & Gas Corp. (OTCBB: HTOG) recently received a reiterated “Speculative Buy” from Beacon Equity Research Analyst Victor Sula, Ph.D. The full report is available at http://www.BeaconEquity.com/m.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Contact:
Heartland Oil and Gas Corp.
Investor Relations:
Jack Baker, 561-630-2977
info@heartlandoilandgas.com
Composite Indicator -- Signal -- -- Strength -- -- Direction --
Trend Spotter (TM) Buy Minimum Weakening
Short Term Indicators
7 Day Average Directional Indicator Buy Weak Weakening
10 - 8 Day Moving Average Hilo Channel Buy Minimum Weakening
20 Day Moving Average vs Price Buy Minimum Weakening
20 - 50 Day MACD Oscillator Buy Minimum Strongest
20 Day Bollinger Bands Hold Falling
Short Term Indicators Average: 80% - Buy
(www.barchart.com)
Dilutions News vorsicht.
Antwort auf Beitrag Nr.: 34.700.038 von SGDfigther am 11.08.08 14:53:04SDG, Du solltest wirklich mal zum Psychater gehen.
Antwort auf Beitrag Nr.: 34.700.148 von Wallgrekk am 11.08.08 15:02:59Tut mir leid aber es wird wohl abwärts gehen.
Trading Spotlight
Antwort auf Beitrag Nr.: 34.700.172 von SGDfigther am 11.08.08 15:05:24keine Ahnung was Du da verzapfst,
aber ich denke es ist wieder so
ein verbittertes Posting....
aber ich denke es ist wieder so
ein verbittertes Posting....
USA bid/ask up!!
Bid schon bei 0,0135
Bid schon bei 0,0135
Antwort auf Beitrag Nr.: 34.700.232 von Wallgrekk am 11.08.08 15:10:54Hi Wallgrekk!
Dein Einsatz hier ist wirklich des Lobes wert, aber musstest du für diese News gleich nen neuen Thread öffnen?
Es gibt doch bereits einen "News-Thread" für Heartland.
Man muss doch nicht gleich für jede Meldung, dass die Jungs mal wieder ein Loch gebohrt haben, einen separaten Thread auf machen.
Nix für ungut.
Aber so richt es dann nur nach gepushe...
Dein Einsatz hier ist wirklich des Lobes wert, aber musstest du für diese News gleich nen neuen Thread öffnen?
Es gibt doch bereits einen "News-Thread" für Heartland.
Man muss doch nicht gleich für jede Meldung, dass die Jungs mal wieder ein Loch gebohrt haben, einen separaten Thread auf machen.
Nix für ungut.
Aber so richt es dann nur nach gepushe...
50-60 mcf gas per day
das sind 10 fass öläquivalent
also 10 badewannen voll am tag
was iss das denn für eine klitsche
das sind 10 fass öläquivalent
also 10 badewannen voll am tag
was iss das denn für eine klitsche
Antwort auf Beitrag Nr.: 34.701.764 von Coxos am 11.08.08 17:39:05mit einer (1) well
geplant sind auf erworbenen Lizenzen von mehr als 500.000 acres
300 wells...
wenn man keine Ahnung hat ------ einfach mal ruhig sein.
geplant sind auf erworbenen Lizenzen von mehr als 500.000 acres
300 wells...
wenn man keine Ahnung hat ------ einfach mal ruhig sein.
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