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Hawk Exploration Planning 3 Recompletions in Forest Bank
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Hawk Exploration Ltd. has announced its results for the three and six months ended June 30, 2015.
HighlightsHighlights for the three months ended June 30, 2015 were as follows:
Generated cash flow from operations of $1.2 million in the second quarter, a 36% decrease from the $1.9 million in cash flow in the second quarter of 2014 but a significant improvement over the $0.7 million of cash flow in the first quarter of 2015; Averaged 694 boe/d of production in the second quarter of 2015, a 5% increase over the 659 boe/d average production in the same period of 2014; Reduced combined operating and transportation expenses by 14% to $20.19 per boe from $23.42 per boe in the second quarter of 2014; and Reduced net debt and working capital deficit by $0.8 million in the second quarter to $10.2…- ✓ Full news archive — U.S., Canada & international coverage
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