Hinto Energy, Inc. announces increased oil sales in December 2013.
George Harris, the Company's Chief Executive Officer, remarked, "We are pleased to announce oil shipments of approximately 370 barrels for December 2013, representing the highest monthly shipments to date and a significant increase over previous months. The Company continues to increase production through enhancements to pumping methods expected to double or triple Montana oil production, in addition to further enhancing production by reworking existing oil wells in the Cisco, Utah fields."
In addition to production from current wells, management believes that the Company's Mason Lake, Montana and Cisco, Utah leases provide significant upside potential by drilling additional oil wells. The Company is continuing to evaluate opportunities to expand its well and lease holdings in Montana, Colorado, Utah and Wyoming.