Wildcat Stocks: High Plains Gas Completes $1.12 Million Common Stock Financing

REASONS THIS STOCK COULD SOAR WHEN OIL PRICES SPIKE 50 - 100%

The company was founded by a former Exxon Mobil president responsible for 300,000 barrels of production a day (BOPD).
Management has invested over $1.5 MILLION in establishing the corporate structure, refining acquisition parameters and developing the current deal pipeline.
Current production averages 1133 barrels of oil per month (BOPM) representing 950,000 BO proved / probable reserves. This project is estimated to do 3400 BOPM after rework.
Proven and probable (2P) reserves associated with their Louisiana assets have a discounted present value (PV10) of $41,245,950 as of a March 1, 2011 reserve summary prepared by management, indicating attractive potential for growth.
Closed bridge financing for $150,000 and went public in 2011.
Plans to acquire over 1,500 acres with over 59 shut-in wells and 30 producing wells with 40 BOPD of current production, which will do 200 BOPD with minimal rework representing 2.1 MILLION barrels of proven reserves. A preliminary agreement has already been secured.
Plans to acquire and develop $200 MILLION in proven reserves.

Monday, August 22, 2011

High Plains Gas Completes $1.12 Million Common Stock Financing

GILLETTE, Wyo., Aug. 15, 2011 /PRNewswire/ -- High Plains Gas, Inc. (OTC:HPGS.ob - News) announced it has completed an initial round of funding of approximately $1.12 million from institutional investor Ironridge Global Energy, in exchange for unregistered shares of Company common stock. The Company expects to continue working with Ironridge Global to raise up to $3.5 million in additional funding.

"With the proven track record of their experienced management team, High Plains Gas is well positioned to take advantage of a robust domestic energy sector," commented John Kirkland, Managing Director of Ironridge Global. "We believe that producing more energy at home will improve both economic national security and shareholder value."

"We are pleased to complete this first stage in our financing, the proceeds of which will help support our strategies to create long-term growth in our company and drive our success going forward," stated Joe Hettinger, CFO of High Plains Gas, Inc. "Furthermore, we remain focused on continuing to operate our current assets and build our services unit, as well as looking for acquisition opportunities that complement our strategy to purchase high quality, revenue producing assets in the oil and gas industry."

Source: PR Newswire

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