Our Profile

Hawkley has a clear strategy to create a world-class, multi-billion dollar, independent oil and gas company, with a portfolio of quality assets that will maximise shareholder returns.

Highlights:

• A management team with significant experience in the sector.
• A track record of providing excellent returns to shareholders.
• Very strong demand, one of the world’s biggest gas networks.
• 100% ownership of two licences acquired at the state auction.
• Significant deal flow pipeline.

Project and Regional Highlights

• Ukraine is Europe’s fourth largest gas market.
• The projects are located in the Dnieper-Donets Basin – the most prolific gas basin in the Ukraine, containing undiscovered resources of around 24tcf gas.
• The Sorochynska and Chernetska projects are in the proximity of well developed infrastructure.
• The licenses are owned 100% by Hawkley’s wholly owned subsidiary, Prime-Gas LLC.
• Production at Well -201 at the Sorochynska licence started on February 17, 2011.
• The Well is currently running on a 10mm choke, producing flow rates of approximately 6.9 million cubic feet of gas per day (mmcfpd) and 200 barrels of condensate per day.
• Hawkley is selling gas into the local market at a gross price of $9.20 per mcf (thousand cubic feet).
• Drilling at Well-1 at the Chernetska licence started in May, 2011.
• Chernetska Well -1 is an appraisal well designed to test a number of oil and gas flows that were encountered in a previous well drilled in the 1980s - Well -321.