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0.3¢ hawkley oil and gas limited

Ann: Agreement to Acquire Interest in US Oil & Gas Project, page-7

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bevter

25,587 Posts.

1205

25/10/19

15:29

Post #: 41069987
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Originally posted by tomfontaine ↑

We have now been blessed by the ASX, and are ready to go.

We are starting with a strong cash flow project and will be building from there.

We are currently raising seed capital, for sophisticated investors as defined by the Corps Act.
(https://www.investopedia.com/terms/s/sophisticatedinvestor.asp)

The seed shares are being offered at only 2c, with a 5c option. Re-listing will be at 3c with strong news flow expected in the first 6 months. There are additional projects simmering in the background that we hope to begin once re-listed. Call or email if you want to know more.

Looking at comparable companies with projects in the US:
Winchester Energy [ASX:WEL], share price 6c, MC=$34.1M
Fremont Petroleum [ASX:FPL], share price 0.008, $13.4M
- At a 3c relisting, our MC would be only $11M, so we'd hope there would be some improvement as investors compare to peers.

Some of the seed has been taken up by previous board members. It is first come, first serve until seed is raise.

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Great stuff Tom.

HOG Price at posting: 0.3¢ Sentiment: None Disclosure: Held
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0 Great analysis

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