Attached files
EXHIBIT 99.1
HINTO ENERGY ANNOUNCES RECORD OIL PRODUCTION
DENVER, CO, NOVEMBER 5, 2014. HINTO ENERGY, INC. (OTCQB: HENI) is engaged in the
exploration, acquisition, and development of oil and gas properties, with
current producing properties in Utah and Montana, today announced that the
Company achieved its highest monthly oil production in its operating history
during the month of October.
Hinto has continued to increase oil production over the last several months, as
a result of the Company's field development activities and acquisition efforts.
The Company's net oil production for October 2014 increased 758% compared to
October 2013, with a 665% increase for the 10 month period ended October 2014
compared to the same period in 2013.
"We continue to look for ways to increase production from our existing assets,
while also adding production through strategic acquisitions," stated George
Harris, Chief Executive Officer of the Company. "The incremental increases in
production we've seen at our Mason Lake Field in Montana and Cisco Fields in
Utah are the result of enhanced recovery techniques being applied to older
producing wells. We expect to continue to see improving results as we approach
2015, with the addition of the wells at Ragged Point, Montana and our Medina,
Ohio assets. We believe the current turbulence in the oil marketplace is
creating opportunities to acquire oil and gas properties on terms more favorable
than have recently been available."
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
