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Hawkley Oil & Gas to provide update from Ukraine

Hawkley Oil & Gas to provide update from Ukraine

Hawkley Oil & Gas (ASX:HOG) has been granted a trading halt by the Australian Stock Exchange today, with its shares placed in pre-open.

Hawkley Oil requested the halt pending an investigation into reports of a significant decrease in gas production from its Ukraine gas well.

For the September 2014 quarter, the company said production at the Sorochynska Field Totalled 194 mmscf gas and 3,618 Bbls of condensate.

Total income from production during the period was US$1.89 million.

The halt will remain in place until the opening of trade on Monday 24th November 2014, or earlier if an announcement is made to the market.

 

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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