NEW YORK, May 8, 2003 (PRIMEZONE) -- Heartland Oil and Gas Corp. (OTCBB:HOGC) has enrolled in the unique shareholder empowerment platform administered by Investrend Communications, Inc., a provider of financial intelligence programs.
Benchmark analyst coverage will be initiated by Investrend Research analyst J. Damien Kolb, and the company will also be participating in Investrend Broadcast's Company of the Week(tm) webcast in partnership with ON24. Investrend Research is located on the web at http://www.investrendresearch.com
Heartland Oil & Gas began operations in the spring of 2001. In February, 2003, Heartland commenced its first coalbed methane pilot program at its acreage in the Forest City Basin, Kansas. The program consists of four new wells surrounding the company's Engelke 16-18 discovery well. The Engelke well was drilled by Heartland in the fall of 2001 and encountered 57 feet of coal, one of the thickest coal sections in the Forest City Basin. The well was logged and tested for permeability and was cased as a potential coalbed producer.
Using its proprietary mapping of the area and results from earlier drilling, Heartland has acquired a dominant position in the thickest part of the coal fairway in the Forest City Basin. Heartland has acquired leasehold interests in approximately 165,000 acres in the Forest City Basin, which based on an 80 acre spacing is expected to provide over 2,000 drill locations.
Since Heartland initiated its CBM project in 2001 the Forest City/Cherokee basin fairway has experienced dramatically increased activity. There is existing coalbed methane production in the southern and eastern parts of the fairway and there are a number of pilot programs underway throughout the basin. Other Company's active in this emerging CBM play include Layne Christensen, Devon Energy, Calpine Energy, Suncor and most recently Evergreen Resources.
For more information, visit http://www.heartlandoilandgas.com/
An InvestorPower(tm) page has been created regarding the company athttp://www.investrend.com/company/list.asp?sPathParam=yes.
Mr. Kolb is a member of AIMR and the Boston Security Analysts Society. He is a Level III Candidate for the CFA designation and a candidate for the American Society of Appraisers' Business Valuation certification. Mr. Kolb served as Investment Banking Analyst at a boutique investment-banking firm, and previously held Associate positions at Lehman Brothers and Morgan Stanley. Mr. Kolb received an MBA in Finance from the Weatherhead School of Management at Case Western Reserve University and a Master of International Management degree in Global Finance and Latin American Emerging Markets from Thunderbird, The American Graduate School of International Management. Mr. Kolb is president and founder of the Commonwealth Holding Company, Inc.
Investrend Research has been the leading independent equity research publishing and distribution program since 1996, with over 65 AIMR-qualified professional analysts posting more than 550 reports to date. Anyone may enroll a company in the Investrend platforms. Enrollment fees for the Benchmark Research platform is $1,150 per month, and the Company of the Week(tm) program, which provides shareholders with a dynamic view into the company's operations and a key executive, is listed at $2,485. These enrollment fees are being paid by the company. Analysts are paid in advance for their initial reports by Investrend Research to limit or eliminate pecuniary interests, and no one associated with the program may own or trade in the equities of companies under coverage.
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Anyone interested in receiving alerts regarding Heartland Oil and Gas research or webcasts should e-mail info@investrend.com with "HOGC" in the subject line, or click on http://www.investrend.com/contact.asp.