Attached files
Hinto Energy, Inc. Receives $2,000,000 of Additional Capital
DENVER, CO--(Marketwired - Jan 23, 2014) - HINTO ENERGY, INC. (OTCQB: HENI)
announces receipt of $2,000,000 of additional capital through issuance of a
three year convertible note.
George Harris, the Company's Chief Executive Officer, remarked, "We are very
pleased to announce the receipt of this $2,000,000. This additional investment
enables the Company to accelerate production improvements from existing oil
wells in our Montana and Utah oil and gas fields. The Company intends to also
begin obtaining permits to drill new wells on existing leases in Utah."
Management believes drilling additional oil wells on the Company's Mason Lake,
Montana and Cisco, Utah leases provides significant upside oil production
potential. The Company is continuing to evaluate opportunities to expand its
well and lease holdings in Montana, Colorado, Utah and Wyoming through
acquisition or joint venture.
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 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.com
