Hinto Energy has entered into a letter of intent to acquire a 100% working interest in 9 natural gas wells and in excess of 4,400 gross leased acres in the Cisco Springs oil and gas field, in the Uintah Basin of Grand County, Utah. The company is planning to connect the well into the local gas gathering system, as soon as proper testing and evaluation is completed. The Company expects to complete the acquisition in May of this year.

George Harris, the Company's Chief Executive Officer, remarked, "We have been working to acquire this Cisco acreage for the past year. The property is adjacent to the Company's existing Cisco leases and increases holdings in the area to over 9,000 acres and 35 wells. The leases being acquired include a natural gas gathering system connected to a local pipeline that greatly simplifies collection and sale of natural gas from existing Company gas wells in the area. The recent rise of natural gas prices continues to make the production economics of shallow gas in the area attractive."

Tags: Hinto Energy Inc.