Shares of Heartland Oil & Gas exploded in value this morning after the company released some promising news regarding its latest project. The price of company stock hit $0.021 (up from $0.015) on more than 75 million shares traded, marking its highest point since the second week of May.

The release pertained to successful pressure tests conducted on the company’s four-mile methane pipeline in Southeast Kansas, expected to double Heartland’s production in the region upon completion.

“We put the necessary pressure into the pipeline and found no leaks along its entire length,” said Augie Soto, COO of Aztec Well Services, Heartland’s contractor on the project, “The four road crossings and 2 creek crossings were our greatest concern and they held without any problems. The 8 inch main is tied into the 12 inch main and the pipeline is secure all the way to the sales meter. We will begin installation

Earlier this week, it was announced that a subsidiary of Capital City Energy Group, Eastern Well Services, signed a letter of intent to acquire Osage Wireline, Inc. The cash and stock acquisition is expected to produce immediate benefits, including a postulated increase in gross revenues of around forty percent.

Eastern Well Services is a fast-growing oil and gas service entity with projects in both the United States and Africa. The company provides fracturing, cementing, logging, perforating, and well testing services for oil and natural gas companies. This latest acquisition will broaden Eastern’s wireline ability, which is the use of a cabling system to lower mining apparatus into an oil and gas well.

Osage Wireline Inc., which specializes in wireline technology and open-hole logging, is headed up by Mike Mackey. Mackey has been excelling in the wireline business for nearly three decades, attaining a wealth of knowledge which will be inherently