April 09, 2013 06:00 ET
Hinto Energy, Inc. Adds Natural Gas
DENVER, CO--(Marketwired - Apr 9, 2013) - HINTO ENERGY, INC. (
George Harris, the Company's Chief Executive Officer, remarked, "It is taking longer than expected to complete the well due to the higher sustained gas pressure encountered, but this is a good sign for potential future production for this well and other rework and exploration wells in the area. The recent rise of natural gas prices makes these shallower wells attractive at this time."
The company will continue its work over of additional wells, is returning several wells to oil production and identifying locations to permit for new drilling. The Company is also seeking 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.