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Hawk Exploration Drilling 1 Hz Well, Lowering Guidance in 2014
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Hawk Exploration Ltd. has announced its results for the three and six months ended June 30, 2014.
HighlightsHighlights for the three months ended June 30, 2013 were as follows:
Generated cash flow from operations of $1.9 million in the second quarter, a 28% increase from the $1.6 million in cash flow in the second quarter of 2013; Averaged 659 boe/d of production in the second quarter of 2014, a 5% increase over the 628 boe/d average production in the same period of 2013; Earned comprehensive income of $0.3 million in the second quarter of 2014, a 1% increase over the second quarter of 2013; Drilled three (2.9 net) wells in western Saskatchewan during the second quarter of 2014; Subsequent to the second quarter, entered into a new revolving credit facility in the amount of $13.5 million…- ✓ Full news archive — U.S., Canada & international coverage
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