re: Ann: Hawkley Drilling and Production Oper... >>All my HOG...

re: Ann: Hawkley Drilling and Production Oper... >>All my HOG shares gone, made nearly a 100% profit on what I sold, could have been alot more if sold at 56cents<<

We don't really care... nonsense excuse to sell based on great current revenue. Not sure why people feel the urge to share they sold- I guess they feel it will make others sell.

The flow rate dips a little and we still pull in a good revenue figure. It happens to all G&O... flow rates go up and down. Reserves proven for 10+ years, so it all nonsense what others are saying.

Happy to buy whatever people selling at these levels.

1) Well 1 still a 25 to 50 mil pa revenue producing well. dependent on flow rate and prices. Worth 30-60c on very low PE by itself. Say 30c for now if pessimist then add something for probable Well 2 and gas plant ROI.

2) Well 2 development well with proposed similar reserves. Going by success of first I do not doubt the managements optimism.

3) Cashed up at 15 mil. Even downturn they will survive whilst most O&G will not.

4)ROI on Gas Plant.... Gas plant approval will escalate SP. As 17% profit NET to bottom line.

As one commentator stated O&G oilers are the real money printing banks right now. We now at levels when the Coy was still an explorer. Nonsense.

Cheers