Hawkley find one of the best for a junior in years
November 29, 2010
All the signs are positive as the ASX-listed company's Ukrainian oil and gas operations exceed expectations.
THERE is a bit of excitement building over the results being achieved by ASX-listed Hawkley Oil & Gas (ASX: HOG) in the Dnieper-Donets Basin to the east of Kiev in the Ukraine.
Notwithstanding the recent run in the group's share price from 14.5˘ on November 1 to 26˘ a share on Friday, the success that Hawkley has notched up with the drilling of the Sorochynska #201 well is yet to be fully appreciated by the market.
That's because the results suggest Hawkley - currently valued by the market at $55 million - has quite possibly made one of the best finds by a junior oil and gas company in the last five years or so.