HUMBLE PETROLEUM INC :: 35421 KANIS RD, PARON, AR - 72122
humble Petrolium Inchumble Petrolium Inchumble Petrolium Inchumble Petrolium Inchumble Petrolium Inc
humble Petrolium Inchumble Petrolium Inchumble Petrolium Inchumble Petrolium Inchumble Petrolium Inchumble Petrolium Inc
   
 

2011--Press release
MIRIAM NEWS RELEASE FEBRUARY 2011

Humble Petroleum, Inc. and affiliated companies have purchased and interest in 88 wells in Louisiana and Arkansas.

The Louisiana wells (85) are located in the Haynesville shale area, De Soto Parish and most are producing in the shale formation. In addition, the company

has agreed to participate in the drilling of three additional horizontal wells in the Haynesville with XTO and El Paso E & P, LP the operators of the

wells. The Arkansas wells (3) are in Columbia County and are Royalty interests. The Haynesville shale is believed to be the most prolific of the shale

areas for the production of natural gas.In 2010 Louisiana produced nearly 2 trillion cubic feet of natural gas, 61% was from the Haynesville according to the Louisiana department of Natural resources...

The Humble Companies own an interest in more than 240 wells in 9 states. This ownership is held in working interest and royalty interest.

The companies reserves are estimated to be 350,000,000 cubic feet of natural gas (98%) and gas equivalents (oil 2%). Humble Petroleum, Inc. owns a public company, Humble Energy, Inc. (HUML). The companies have home offices in Paron, Arkansas.

 

2010 HUMBLE PETROLEUM, INC. UPDATE

The management is proceeding on a slow and deliberate path to bring Humble public. In the summer 2008 we began negotiating to purchase a shell corporation, changed its’ name to Humble Energy, Inc., changed it to a Nevada Corporation, and negotiated to have issued to Humble Petroleum Inc.83% of the Humble Energy, Inc. stock. This transaction was completed May 1, 2009.

We have now purchased an interest in157 wells, 82 of which were used to purchase the 9,000,000 shares of Humble Energy, Inc.. This represents 83% of the outstanding shares.

Shareholders of Humble Petroleum, Inc. have nothing to do at this juncture, but if you move please notify us, 50 stockholders have moved with no forwarding address to us. Ultimately we will issue shares to you from Humble Energy, Inc. We will have an Audit , register the shares and then your shares should be free and trading. Humble Petroleum, Inc. was formed as a Texas corporation in November of 1999.

Humble’s business plan is working, but a higher price on natural gas would be helpful. Many of our wells are getting less than the quoted price for its’ natural gas and some of our higher producing wells are shut in pending higher natural gas prices. Exxon and Shell are buying natural gas companies anticipating higher prices and new uses for this clean fuel. If you believe as they do you have made a
wise investment.

Thank you for your continued interest and support.

 

The Management of Humble Petroleum, Inc.

The Management of Humble Petroleum, Inc.
 
NOVEMBER 2008 SUMMARY
NEWS RELEASE

1. Work is being completed on the paper to allow Humble to go public. We have agreement for the shell corporation’s move to Nevada. The shell is traded on the “pink sheets”. Corporations do not have to pay Nevada taxed. Humble Energy, Inc. will be the new name of the company. Previous owners of the shell will be owners of 10% of the new corporation.

2. The keystones of the Humble business plan are:

 
i. Low fixed cost-No salaries for management. Low outside warehouse rent for inventory. This must be paid. ($600). Agreements with management are they only get paid if cash is available (no fixed amount). Outsource or collaborate with others for geology and other services are on a project by project basis.

ii. Create cash flow and invest those funds in natural gas and oil wells. Nearly $ 300,000 in the 2007-2008 tax years. We now have a royalty and/or working interest in 117 wells. We do not operate any wells. Operating is labor intensive.

iii. Humble owes no money on loans. No borrowing.

iv. Being Green- the T. Boone Picken’s plan o use natural gas as a transition fuel for vehicles is sound. Natural gas is plentiful, cheap, and clean and the equipment can be installed on existing vehicles to burn both. Most of Humble’s production is natural gas.

  Dehumidification Equipment—(ATTI) $194,000 in debt was settled and collection and sales of the inventory allowed us to shape the kind of company we are now. The higher the electricity cost the more this part of Humble should be worth.

Power Klean— a low cost way of removing dirty spent carbon from combustion engines at oil change is needed in this country. Dirty oil wears out engines, worn out engines spew out more carbon and carbon dioxide. Power Klean used before oil changes increases engine life by two. We own the rights to Power Klean.

Coal— we have two contracts on hand to lease our coal. Foreign companies are looking the country over to buy semi-anthracite coal. The specification of our coal is correct for the Pulverized Coal Injection process for making steel. Cleaner coal is not a dream, it’s a reality. This coal will also convert to coal oil and coal gas.

Financial Conclusions—in the 3 months ended Sept 30, our cash inflow averaged $30,000 per month. The cash for investment was around $20,000.00. Declining oil ($150 to $65) and natural gas ($12+ to $7) prices will impact this total. Natural gas prices need to stay above $6.00 or higher. Our break even is $4.50. We have $90,000 in cash in banks for immediate investment.
Posted November 8, 2008

WWW.HUMBLEPETROLEUMINC.COM

This website has been up for nearly 2 years. It is used to update and educate investors and others about the progress of Humble. When you get to the home page go to the top of the page and click on NEWS RELEASE.

November 1, 2008

Letter to Stockholders—as a stockholder of Humble Petroleum, Inc. you need to know how management feels the Humble game plan (Business Plan) is working in today’s market and economic turmoil. Our gross inflow from oil and gas last year was 500 percent above the previous year. Humble is in a simple business. Keep expenses low and use the cash flow to purchase and drill for oil and natural gas with the emphasis on natural gas.

Do not borrow money.

We have privately placed some Humble shares in order to expedite the growth of our ownership of producing oil and natural gas properties.

Humble now has as interest in 117 oil and/or natural gas wells located from Wyoming to Texas. Many of these wells are in Oklahoma and some in New Mexico. 90%+ of the wells produce natural gas. Two wells have been drilled, both successful, with the remaining 115 wells being purchased.

Low fixed expenses and cash flow has made a:

Different Kind of Company

--Collaboration or Outsourcing vs. “In House Operations”—one of the cornerstones of Humble’s business plan is to not have fixed expenses. For instance, the Reed well was drilled with BP America. The well had first day production of 8 million cubic feet per day. This well cost to us for our percentage interest was $25,000. Their “In House” people would cost more than three times our current yearly expenses. Humble has no salaries and only pays management of cash is available. Fixed expenses are less than $1500 per month.

Because of the stigma associated with “outsourcing” due to or as in “outsourcing to another country” the new buzz word is “collaboration”.

--Debt vs. No Debt—Leverage vs. No Leverage. How do we explain debt? How about Merrill Lynch, Washington Mutual, Wachovia, Lehman Brothers to name a few who leveraged (borrowed against) their assets. Ninety percent of all business startups fail in the first 24 months. Don’t get us wrong, there is a time to borrow but you better be sure what you are buying with the money and that the payment is not a substantial part of your cash flow (say 25%) in the oil and gas business.

Purchase vs. Drilling Wells— both are expensive. A well can be purchased with a payback with a payback of 1 month to 100 months. Humble has done both. A royalty interest (no operating expense) is the most expensive to buy. Why would an investor buy a well and pay expenses? Because it is cheaper. Humble bought 19 coal bed methane gas wells in Wyoming. Coal bed gas is pipeline friendly. We paid $2000 for the wells. We are receiving $14,000 to $19,000 per month on these wells. Of a royalty interest is bought for 100 times monthly income obviously you feel the price of oil and gas well rise or that other wells will be drilled. If the price doubles you paid 50 times monthly income.

Green vs. Brown—

--Natural gas – when using natural gas in autos it provides the cleanest combustion engine fuel that we have. People that use it note that the engines are cleaner and many last 500,000 mile or hours with less wear and less carbon dioxide emissions. Many states and cities already use natural gas in their vehicles. The U.S. needs a transition fuel to get us to the next generation of engines. Natural gas is plentiful, clean and lower in cost. Existing cars can be converted to use both gasoline and natural gas. The cost now is $3000 to convert a vehicle to use both but it should get cheaper. We need a natural gas pump at every service island. If this sounds like T. Boone Pickens it is, and he is right.

-- Dehumidification—ATTI can save on the use of electricity so it may be the greenest of our green products. Most of the U.S. electricity is made by the use of coal.

-- Clean Coal—Humble owns the coal on fee simple title. Humble has coal that has its highest and best use in the refining of metals. This is Semi Anthracite high BTU coal that is too high quality to be used for steam coal. Newer processes to make steel use this coal (Pulverized Coal Injection). The U.S., China, Europe and Korea have these processes and have been in touch with us since early 2008. In the last few months those contacts have intensified. We have two coal offers on our desk, one for cooking coal that we have cashed the earnest money check and the first payment is due soon. The second contract is in hand and comes in the form of an option. The mining part of the second agreement has had a 15 month study done by a top engineering firm. The findings by them on were positive.

--Power Klean—Combustion engines have many disadvantages: 1) The gasoline that drives them is often bought from our enemies 2) They spew carbon dioxide in the air that we breath and also may heat our environment . 3) The bigger problem is that as the engine is used and wears it does much more of it. Power Klean cleans the engine so that the wear is much less. Carbon destroys the engine and with Power Klean the carbon goes out of the engine in the oil change instead of the exhaust pipe.

-- Going Public—yes, we will be public by December 31, 2008 if we can get through all of the regulatory hurdles; some have already been met. We have our Publicly Trade Shell.

The Board of Humble Petroleum, Inc.

IN LINE WITH THE 1996 SEC RULING THERE ARE FORWARD LOOKING STATEMENTS IN THIS REPORT AND THE COMPANY IS UNDER NO OBLIGATION TO CORRECT THEM IF THEY PROVE NOT TO BE CORRECT IN THE FUTURE.
 
 
 
© 2006 Humble Petrolium, Inc. All Rights Reserved.
 
 
humble Petrolium Inc
35421 Kanis Road, Paron, AR.  72122
TEL: (501) 821-5509       CELL (501) 940-5300
E-mail: nkane53979@aol.com
Designed and Hosted by: www.wserve.com