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

re: Ann: Hawkley Drilling and Production Oper... >>Hawkley CEO Michael Earle said the Company?s cash reserves from the recent placement plus revenue from forecast production would be sufficient to fund the budgeted work programme through 2012. ?Hawkley is focused on growing and developing a sustainable business in Ukraine and therefore we are searching for new opportunities that have a strategic fit as 100 per cent owned appraisal-development assets,? he said.<<

Did not like the CEO stating searching for new opps when simply Well 1 cashflow. They have 2 more Wells to do and Gas plant to get approved and built.

Yes buddy- stick to getting the 1st 2 wells to the 2012 target of 100Mil revenue...plus the Gas plant approved and done. As opposed to taking on more projects IMO. Only in this play for cashflow from Well 1...and coming success in Well 2 plus Gas Plant 17% Net instantly to profit.

They should not be touching another asset till 2 from 3 successful Wells lets say... with own Gas Plant. By then we heading towards 2013. IMO.