I just read an article on the below...

I just read an article on the below link:

http://www.energynewspremium.net//storyview.asp?storyid=2488899§ionsource=s0

Its just an interview with HAWKLEY Oil and Gas chief executive officer Michael Earle.

The main sections I take from it is:

How is progress on Hawkley?s gas plant?

We will need to obtain state approval for the design and construction. So we are going to let local companies do the work so that it?s all done in a way that is understood, the materials can be obtained locally and there is no language barrier.

We have decided the approximate location and the capacity of the plant, and the project?s now gone off to the first phase, which is the scientific investigation of the gas and condensate properties, so we can determine which materials to use and the design to suit.

We aim to have everything approved by the end of the year so we can start tendering early in 2012.

Will you be looking to drill the next Sorochynska well as soon as possible?

The location has been chosen and we?re seeking approvals from local landowners in respect of access and constructing the site.

We have previously announced that we will spud the second Sorochynska well in the fourth quarter, which is a wide target because approvals can take longer than anticipated, but at this stage we are still on target for the fourth quarter and I expect spud to be end of October or start of November.

What news should we be on the lookout for over the next six months from Hawkley?

We hope to be testing what we call the ?B-20? zone, the uppermost target in Chernetska-1, which is an appraisal well. If that isn?t successful we?ll drill ahead to the deeper targets in anticipation of success there.

We?ll be spudding the next Sorochynska well and that will take six months to drill.

We expect to have the approval to build the gas plant and perhaps will be going forward into the construction phase.

Fourthly, the market will be hearing about the approval of the production licence over both of our assets. We don?t anticipate there being any problems but we have a negotiation with the state as to the exact level of reserves, and the signature bonus will be set according to the level of reserves.

We do have the option of extending the current licences by five years, so one way or another it?s not a dead end.

I hope this is of interest to people! Seem like slow going but hopefully the saying slow and steady wins the race holds true on this stock!

Good luck to all in the future and DYOR.