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HOGC |
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DENVER -- Heartland Oil and Gas Corp (OTC BB: HOGC, "Heartland," or "the Company") has initiated drilling activities on three locations, beginning what the Company plans to be a new phase of drilling on the approximately 90,000 acres it owns in the northern Cherokee Basin of eastern Kansas. Finally, the acquisition delivers real value to UPDA's balance sheet, as indicated in the SEC Form 8-K that was filed earlier, through the procurement of 50,631,764 common shares of HOGC and $4,756,000 of Heartland debt convertible into 118,900,000 common shares in consideration of a combination of cash and restricted common shares of UPDA. |
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