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Hawkley Oil & Gas

Hawkley Oil & Gas flows gas, further testing in Ukrainian well

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Hawkley Oil & Gas (ASX: HOG) is carrying out additional testing and technical analysis of its Ukraine development well that is expected to deliver a major increase in production.

While the well continues to flow liquids rich gas at a commercial rate, this continues to fluctuate on a daily basis.

As a result, Hawkley has been unable to establish a stabilised flow rate.

Hawkley had perforated the Upper B18, the Lower B18 and the Upper B19 horizons at Sorochynska-202, which was drilled to provide an additional production location for the Upper B18 sand.

While reservoir development of the Upper B18 appears to be slightly less than prognosed at this location, it is mitigated by the improved development of the Lower B18 with the total pay in both B18 sands being close to expectation.

Sorochynska 202 could double Hawkley’s production from the Sorochynska field.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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