August 11, 2008
Heartland Fractures 8 New Wells – Continues Installation of 8 Miles of Flow Lines to Wells Expected to Double Coalbed Methane Production
Heartland Oil and Gas Corp. (OTCBB: HTOG) (FWB: HOCA) has successfully fractured the coal seams in 8 of its newly drilled wells in Miami County, Kansas and preliminary testing of the Prothe 42-3 indicates that the wells will deliver methane production in significant excess of the amount originally anticipated. Heartland also has continued installation of about 44,000 feet of 4 inch flow lines with over 26,000 feet trenched, laid and backfilled in preparation for full production of the wells.
"Our preliminary testing indicates that the Prothe 42-3 is making 50-60 mcf gas per day," reports Susie Glaze, Operations Manager of Heartland's prime contractor, Aztec Well Services, Inc., another UPDA subsidiary. "This is about double our target production amounts."
The wells have been fractured at depths ranging from 370 feet to 456 feet in the Lexington, Mulke and Summit coal seams. They will now be connected to the salt water disposal well for de-watering and will be prepared for production as the flow lines reach them.
About Heartland Oil and Gas Corp.
In April 2007, Universal Property Development and Acquisition Corporation (OTCBB: UPDV) (www.universalpropertydevelopment.com) acquired a controlling interest in Heartland Oil and Gas Corp. and designated Heartland as its exploration and production arm. Since that time, UPDA has also established Aztec Well Services, Inc. (www.aztecwell.net) as its wholly owned field services subsidiary. For further information, visit www.heartlandoilandgas.com.
Heartland Oil & Gas Corp. (OTCBB: HTOG) recently received a reiterated "Speculative Buy" from Beacon Equity Research Analyst Victor Sula, Ph.D. The full report is available at http://www.BeaconEquity.com/m.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.