Heartland Oil Gas Rated Speculative 3 By Investrend Research Analyst David G Tildesley CFA Citing Valuable Properties



April 29, 2005 -- Investrend Research Syndicate: Heartland Oil & Gas (OTCBB: HOGC - News) has been rated "Speculative/3" by Investrend Research analyst David G. Tildesley, CFA, in a Benchmark research report, saying the company "has 853,000 acres of undeveloped land located near gathering pipelines, which were valued at $ 35.6 million at the end of 2004."

The analyst stated:
"Heartland Oil & Gas Inc. is an early stage exploration company involved in the drilling for Coal Bed Methane in the Forest City Basin of Kansas. The future value of the company will be determined by the magnitude of its ultimate exploration success over the next few years.

"Heartland has drilled 94 wells including 77 Coal Bed Methane Wells in eight pilots that are currently dewatering or venting gas. During 2005, Heartland will continue to evaluate the coal bed methane on its properties. It is anticipated that 15 wells will be completed and 16 new wells will be drilled. The total cost is estimated to be $ 3.1 million, which is well covered by available cash.

"The outcome of the drilling program is as yet unknown. But the company has a strong and experienced management team in place.

"While the shares are speculative, Heartland does have a strong balance sheet with no long-term debt liability as well as more than sufficient cash to carry it through 2005 and beyond. The shares are now trading near their 52-week low."

The full report, including important disclosures and disclaimers, is at http://www.investrendresearch.com and at the company's InvestorPower page at http://www.investrend.com/company/list.aspsPathParam=yes and investors are advised to read those disclosures carefully before trading in the equities of any enrolled company.

The analyst's credentials are at http://www.investrend.com/articles/secondlevel.asplevel=238

Heartland is enrolled in Investrend Research's pioneering professional research program, which facilitates independent analysts to provide financial coverage for shareholders in companies that otherwise, would have little or no analyst following. Enrollment fees for Benchmark basic coverage are $21,800 and the fees were paid by the company. Analysts are paid in advance of initial reports by Investrend Research to eliminate pecuniary interest, and neither the analyst nor principals of Investrend Research may own or trade in the stocks of companies under coverage.

Anyone interested in receiving alerts regarding Heartland Oil & Gas research should email e-mail protected from spam bots with "HOGC" in the subject line.

Heartland Oil and Gas Corp. is a featured Company on NaturalGasStocks.com

For More Information: http://www.investorideas.com/Companies/HOGC/NewsReleases.asp

Contact:
Heartland Oil & Gas Corp.
Richard Coglon, 604-693-0177,
Email: e-mail protected from spam bots
Website. http://www.heartlandoilandgas.com
or
Investrend Research Div.,
R. Hempel, 718-896-5060,
email: e-mail protected from spam bots.
Web site: www.investrendresearch.com

Source: Heartland Oil & Gas Corp.





Heartland Oil Gas Rated Speculative 3 By Investrend Research Analyst David G Tildesley CFA Citing Valuable Properties