Hawkley Oil & Gas
Hawkley Oil & Gas - Primed for Growth
Hawkley Oil & Gas Hawkley Oil & Gas Hawkley Oil & Gas Hawkley Oil & Gas Hawkley Oil & Gas Hawkley Oil & Gas

Hawkley Oil & Gas Limited (Hawkley) operates and owns 100 per cent of two production licences (Sorochynska and Stoliarovska) in the Dnieper-Donets basin in Ukraine as well as an exploration licence (Chernetska) and a wholly owned gas plant located near the Sorochynska licence. Following the halt of production from Sorochynska 201 Well in December 2014, and the ongoing political and ecomonic issues in Ukraine, the Company announced on 2 February 2016 the proposed sale of its Ukraine assets to Tomeas Assets Limited, subject to shareholder approval, for US$1,000,000.

The Company made its debut on the ASX on 29 June 2010 following completion of a reverse takeover of the former biotechnology company Incitive Limited (ASX: ICV) and a successful $5.5 million capital raising.

In 2010, the Company drilled its first well in the Sorochynska licence. Sorochynska-201 was a successful well and was put into production in February 2011. The Company completed its second well Sorochynska-202 in September 2012 and work is on-going to establish production from that well.

By operating its own gas plant, Hawkley benefits from significant cost savings from its already low cost production environment. The gas plant currently has the capacity to process 11 million cubic feet per day and is a scalable plant with scope to handle incremental production which could come from additional development wells on the Sorochynska Field as well as new reserves related to exploration and appraisal drilling.

Latest announcements

11 Aug 2016

Termination of Ukraine Asset Sale

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10 Aug 2016

Trading Halt

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Shareholder Information

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*Hawkley Oil & Gas is listed on the Australian Securities Exchange. Share price is quoted in local currency, 20 minute delay.