Ann: Hawkley Drilling and Production Operations U, page-8

re: Ann: Hawkley Drilling and Production Oper...

nothing to like in the latest announcement -


gas flows deteriorating already - revenues significantly down from only three months ago.....

no gas plant until the middle of next year minimum (though they might not need it by then the way they are going).....

slow drilling progress on Chernetska - 273m in a month....

and nonsense talk of possible acquisitions - that will be the end of HOG - money down the drain, more cap raisings etc....


definitely better value elsewhere for now - and if Chernetska doesn't deliver the sp will get hammered....

HOG, just another spec gas company that is set to squander its early prospects, has fallen behind on every promise and needs a lot of luck to hold its present value - what a waste of time.....

glad I mostly got out - now looking for greener pastures - the Ukrainian yak paddock isn't what it promised - sp now where it was 8 months ago - I've seen this movie before.....