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Quotes & Info
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| HPGS > SEC Filings for HPGS > Form 8-K on 10-Jul-2012 | All Recent SEC Filings |
10-Jul-2012
Other Events
High Plains Gas, Inc. ("High Plains Gas" or the "Company") on March 6, 2012 issued the following as a press release:
HIGH PLAINS GAS, INC TO FOCUS ON ENERGY CONSTRUCTION SERVICES DIVISION
Gillette, WY, July 6, 2012 /Business Wire/ -- High Plains Gas, Inc. (OTC.BB:
HPGS) announced today that in view of its exceptional results in its energy
construction division, it has elected to temporarily shut in its natural gas
production due to the substantial decrease of gas prices which have resulted in
diminished profitability from that sector. The Company has decided to redirect
its resources to the substantially more profitable energy construction division
to increase overall company revenues and profitability. The Company may
determine to resume its natural gas production in the near future if and when
that market becomes economically viable, and market conditions have stabilized.
Brandon Hargett, CEO High Plains Gas, Inc., stated, "Miller Fabrication, our energy services construction division, continually exceeds our expectations with regards to revenues and profitability. We believe that it is prudent to continue our focus of driving top-line revenue up by investing our resources into this segment."
High Plains Gas Inc. is a provider of goods and services to regional end markets serving the energy industry. We provide construction and field maintenance services primarily to the energy and energy related industries mainly located in Wyoming and North Dakota through our subsidiaries Miller Fabrication LLC, and HPG Services. We produce natural gas from the Powder River Basin located in Northeast Wyoming through our subsidiary High Plains Gas, LLC. For additional information on High Plains Gas, please visit the Company's website at www.highplainsgas.com/.
Safe Harbor
Statements made about our future expectations are forward-looking statements and subject to risks and uncertainties as described in our most recent filings made with the US Securities and Exchange Commission, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.
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