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Hinto Energy (OTCQB:HENI) reported that it generated oil sales of $159,167 during the third quarter of 2014 and $350,506 for the first nine months of 2014 — a 718% increase over the comparable period in 2013. The increased oil production and revenues is attributed to oil production from the Mason Lakes, Montana field.
As quoted in the press release:
The Company generated oil sales of $159,167 during the third quarter of 2014 and $350,506 for the first nine months of 2014 which is a 718% increase over the comparable period in 2013. Increasing oil production from the Mason Lakes, Montana field accounted for the increase in oil production and revenues.
Hinto Energy CEO, George Harris, said:
Third Quarter of 2014 has been a quarter of firsts for the Company. We realized not only revenue growth, but also have seen consistent production results from our enhanced recovery efforts. Management will continue to focus its efforts on increasing oil production from our existing properties in both Utah and Montana and through strategic property acquisitions, which we’re currently pursuing. With record production in October of 2014, announced last week, we believe we will see continued growth in oil and natural gas production going forward.
Click here to read the Hinto Energy (OTCMKTS:HENI) press release
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