OUR VISIONHawkley vision is to create a world-class,...

OUR VISION
Hawkley vision is to create a world-class, multi-billion dollar, independent oil and gas company, with a portfolio of quality assets that will maximise shareholder returns.

This vision comes with HOG's strategy change and new project acquisition plan.

1, "We see the company’s near to mid term growth coming from Ukraine and other Former Soviet Union (FSU)
countries. Our ongoing evaluation of new opportunities is built around adding low cost production and operating
efficiencies through targeting advanced producing or pre-production assets"

Former Soviet Union (FSU)---most likely in Russia

2,The Board also considers acquiring a producing asset in Ukraine or FSU via debt finance as an efficient growth strategy.

"a" means there is already a confirmed target, in negotiation.

3, "Hawkley has been actively seeking new opportunities. During the financial year, Hawkley has reviewed more than 12 projects primarily in Ukraine and the Former Soviet Union (FSU)."

12+ projects been reviewed---is selecting the best of the best, also indicating the "strong determination to get new energy project"

5, "to growth in new areas will most likely be through project-level partnerships with cornerstone investors."

JV partner will come and some interests have been expressed.


The management:

Chairman and CEO hold nearly 40 million shares;
Mr Lyon has 30 years of experience in the oil and gas industry, including time with supermajors Chevron and Royal Dutch Shell

The asset:

* The net assets of the Group $ 28,410,287 , circa 10c per share.

* well 201 is printing cash by $2.5m per quarter,

* gas plant $3m + newly acquired 20 year Stoliarovska
Production Licence &2.6m + cash $2.3m already equals 120% of current market capital.

* Stoliarovska Production Licence prospective recoverable resource of 193 BCF gas equivalent.

(AUD $13 million/BCF* 193 = $2.5 billion)

* New energy projects under consideration

The upcoming news flow & SP expectation

1, AGM presentation--will indicate the New energy projects acquisition, plan, progress, prospects. SP 5c+

2,reprocessing and reinterpreting the seismic data of Stoliarovska Production Licence, three leads (two fault closures and a stratigraphic channel trap) have been identified. SP 8C+

3,detailed gas compression plan for Sorochynska-201--bring production back to 5+Mmscf/d for at least 12 month...

SP 10c+

4, trading halt then announcement for "New energy projects acquisition" could come at any time from now on.....

SP 15c+

5, JV partner secured to co-develop Ukraine and Russia energy projects could come at any time from now on.....

SP 20c+

Conclusion:

HOG is heavily undervalued for its existing producing assets, newly acquired tenements, new flows, upcoming new projects.

Management holds substantial shares so they definitely contribute to future company growth.

multi-billion $$$ MC means SP $2.oo+ (given 300% dilution)
HOG board's vision is based on substantial strategy change, upcoming project quality is the key.

with only 287m shares on issue, HOG have many options to merge or acquire new world-class energy projects.

HOG's board have clearly conveyed the strategy being changed for developing new world-class energy projects, not only focus on existing projects anymore,like all other ASX junior energy companies, the upcoming announcement is for sure.