re: Ann: Hawkley Drilling and Production Oper... WOW.... so much...

re: Ann: Hawkley Drilling and Production Oper... WOW.... so much for the claims of only getting 43% NET... 52% before the 17% extra to come after Gas Plant done.

>>AUS$2.7MM of gross revenue and an operating cashflow margin of approximately 52 per cent. As at 30th June, Hawkley holds AUS$13MM cash-at-bank.<<

Getting towards 20 Mil pure profit on Well and still not cranked it up. PE= 3-4 on current Well and development well is 'Probable of similar reserves'. As stated by management giving a rate of 90% success rate.

Well 3 is speculated at half this success rate probability to date. But will be drilled this year.

All is falling into place- strategic planning by these guys is genius IMO.

Very safe play now with Well life well over 10 years in Well 1 and Well 2 probable. Plus have the funds and continuing cashflow for a quick build of a gas plant by bypassing red tape will be in all our interests.

One of the best and growing smalls on ASX that will soon be a mid cap IMO. Over 50Mil pa profit will make it a Mid and probable ASX300. IMO. Early 2012... Bargain IMO.

Rerating time... upwards for once.

Cheers....