Heartland Oil and Gas Corp (HTOG.OB) Pursues Institutional/Private Equity Financing
Heartland Oil and Gas Corp (HTOG.OB) engages in the exploration, development, production, and sale of coalbed methane in Kansas and Texas. The company owns and operates oil and gas leases in these states on nearly 650,000 acres of property. As of December 31, 2007, Heartland Oil and Gas had proved developed net reserves of 2,410,484 thousand cubic feet of gas, and 3,002 thousand barrels of crude oil. The management of Heartland Oil and Gas recently initiated contact with institutional investors and private equity funds that specialize in oil and gas exploration and production. These discussions have focused on the development…