Hawkley Oil & Gas Limited (Hawkley) is an upstream company focused on the exploitation of discoveries made in the Dnieper-Donets basin in Ukraine. The Company owns 100 per cent of two exploration licences that include the right to pilot production of hydrocarbons.

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. Hawkley intends to build its own gas handling plant to enable production to be ramped up for additional production of gas and condensate at its Sorochynska licence. Incremental production could come from additional development wells on the Sorochynska Field as well as new reserves related to exploration and appraisal drilling.

 

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