HOG 2016 vs 2017

just wanted to compare HOG from its 2016 trading and there state of affairs to what they have in 2017

2016
HOG had projects in the Ukraine that were costing them money to hold and HOG seen no way of
anything happing with them, in 2016 the price of oil was down and it was a bearish period, they were pretty much trapped and desperate to sell them for anything they could get, they have been trying to sell them
and its taking a year to do so they have accumulated 570k in debt and have completed only a very small CR thru merchant funds
who were looking for HOG to sell the projects in Ukraine and to take them in a new direction away from oil and gas.
given HOG did not have viable projects were in debt and trapped as long as they held the Ukraine projects and had little to no cash there market and SP were tiny trading between 0.003 and 0.007.

so a re cap of 2016
- little to no cash held
- accumulated debt of 570k
- small CR to merchant funds to look at new direction in what
was a bearish state for oil and gas sector thru 2015/16
- trapped by there Ukraine projects they are desperate to sell and took a year to do so
- a lot of trapped holders some possibly as high as 50c were HOG was once trading

2017
a reversal of the oil and gas sector is on the cards and looks very bullish
with oil price set to hit $60 a barrel in early 2017, HOG still trading in a depressed state with a tiny market cap and SP
sale of the Ukraine asset in late 2016, this will free up 1.5 million AUS and will enable HOG to wipe out all of its debt of 570k and have a positive cash position of 1 million dollars, given the market cap is only 2.3 million currently this give HOG a EV of 1.3 million, even for a shell which now HOG is its still crazy cheap. Given Merchant selling out the SP has remained in a strong position and has absorbed all there selling, to me it looks like HOG will remain in the oil and gas sector and merchant did not agree and have moved on, given this it brings me to HOG recent post

" With respect to the future of the Company, directors are in advanced discussions with an Australian entity that has expressed interest in providing financial support and pursuing Oil & Gas opportunities in more politically stable countries. Hawkley looks forward to providing further updates in due course. "

so 2017 with the help of another company will look at a the bullish oil and gas sector in 2017.

so a re cape of what 2017 should hold
- HOG still has tiny market cap and SP with enormous upside potential and very limited down side
- have finally sold there Ukraine projects that were holding HOG back  for a year and any chance of HOG improving shareholder value
- 1 million cash on hand
- zero debt
- a much improved oil and gas sector and are looking at safer and better locations for projects
with the help of another company
- potentially acquisitions or joint ventures that will add value to shareholders
- excellent share structure with only 331 million shares on issue and loyal and long time suffering holders that are keen for the SP to be were it once was.

conclusion
for me this offers one of the best shells out there in a rebounding sector, tiny market cap and EV even for a shell
massive upside potential and long time suffering holders that have been holding a long time to see HOG sell its Ukraine projects and move onto something of value, that time has now come and HOG have the cash and connections in there sector there is the best position they have been in over 5 years,  and are ripe to make 2017 a outstanding year for them and there share holders.