Open Letter to Shareholders Issued by High Plains Gas CEO Brandon Hargett
(PressMethod) - The following is a letter from High Plains Gas CEO Brandon Hargett to shareholders:
Fellow Shareholders:
2011 was a very busy year for us. High Plains Gas had more than our share of significant accomplishments including the completion and development of the acquisition from Marathon Oil of the "North and South Fairway", a significant coal bed methane asset in the Powder River Basin. We currently own and operate over 1,650 coal bed methane wells encompassing approximately 155,000 acres and we continue to reactivate shut-in wells on a monthly basis. In the context of plunging natural gas prices, this asset nevertheless realizes revenues of approximately $3-4 million per quarter. Also, we are quite excited about the formation and growth of HPG Services (detailed below). Unfortunately, we also had misses. Most notably, we were unable to secure the adequate funding to complete the Huber acquisition in mid-year. CONTACT INFORMATION Email Us http:// ### Disclaimer: If you have any questions regarding information in these press releases please contact the company listed in the press release. Please do not contact PressMethod. We will be unable to assist you with your inquiry. PressMethod disclaims any content contained in these release. |