Australian (ASX) Stock Market Forum

HOG - Hawkley Oil and Gas

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What a wonderful bargain the flying pig is !!:banghead:

28c and friendless. Really think it has to be bargain - but then I'm sure a score of other shares are looking like special value. Anyone have any extra information on HOG's current progress ?
 
after the recent hammering its got a way to go before im above even again. Not to worried, just sittin it out and im pretty confident that eventually we will be up around 50c again.
 
agree and the next well results if anywhere near the first will make this company too good to ignore and I'd say show up on on some radars. Price edging up though which is good to see.
 
Expecting the progress update on 29/07 which is the last business day for July, as on the current performance the well should tag the B20 interval during August, IMO this should result a good buy opportunity.

Do your own research...
 
Update is to be expected soon about the drilling progression. Expecting news also
about the 2nd drilling well Sorochynska to take place too .....
in the 30 ´s is very cheap imo and may not last that long .....
 
It's all a puzzle isn't it ? Hartleys has been detailing the value of HOG since January. At that stage the SP was 39c and they were predicting a 3 month value of 68c. The July 29th update is the sixth this year expanding on the same theme - excellent oil, gas and cash flows, big reserve upgrades and fresh drilling that will/should see a marked increase in gas and oil sales.

Obviously at 28c this has to be the best bargain since the Eiffel Tower was up for sale. :banghead:
 
Obviously at 28c this has to be the best bargain since the Eiffel Tower was up for sale.

So we buy more @ these bargain prices.... :)
 
emile33 said:
Obviously at 28c this has to be the best bargain since the Eiffel Tower was up for sale.

So we buy more @ these bargain prices.... :)
Click to expand...

So obviously you are buying with your ears pinned back at 24c!! ;)

Seriously though the market meltdown is taking my breath away. It is seemingly easy to say that HOG is cash positive and looking exceptionally good value. But in the bigger picture trying to see how all countries will come to terms with out of control debts without destroying many viable and thriving operations is a tough call.
 
i dont understand how the U.S could get into so much debt in the first place, with all these "professionals" how could they let it get so out of control. Sure they would want to maintain growth but you'd think they would have realised that all that debt is not sustainable and some drastic measures will have to be taken to control financial markets. Need to see some action to stabilise falling markets. All this panick is creating amazing bargains though, IMO. I agree with above though- its difficult to predict the effects of everything on HOG's share price and drilling activities. Hopefully the governments get their act together, once (if) they do im sure those who are buying now will reap the rewards.
 
HOG has been my pick of the oilers since the crash, picked up a nice packet over the last couple of days, great potential and with the cash flow from the first well there is a buffer if the next one is not as successful.
At these levels we are at 50% of their peak but we are much more advanced in development. I thought they were cheap at just under 50c...exciting times with the next well not far off now!
 
No debt, cash in the bank, regular income every month, new well coming at the end of the month, IMO if the SP don't go up then HOG would be a very good take over target
 
yma said:
No debt, cash in the bank, regular income every month, new well coming at the end of the month, IMO if the SP don't go up then HOG would be a very good take over target
Click to expand...

That would be a real worry. There is just too much value in HOG to see it snapped up for a song. Be interesting to see who the main shareholders are.
 
Loved this company back when it was still testing it's oil flows on it's initial #201 well, and still love it now, however the price is BELOW when I bought in ages ago (having since sold). Anyway with that bit of background out of the way, is anyone else worried about the lack of progress on the drill hole, or is it just the tough Ukrainian rock that was present in the #201?

DISC: Used to hold but not anymore, might be getting back in pending good news.

JM.
 
It just need more time for people to the real value of HOG, just same as AUT before it became a 10 bagger
 
Well good luck to all stayers - I'm one - I've actually been buying a few more.

It is interesting that HOG are only talking about three wells at present - a pretty modest goal considering the potential as detailed in the Moyes report of 5 June 2010. I'm sure they ultimately have more up their sleeve than three.

Key points in that report are:

16 Sorochynska wells
34 Chernetska wells

$400m peak annual net cash flow - OK, it depends on lots of things, like gas price and exchange rate, but if the assumptions are anything like the current, then the $400m represents a P/E of way under 1 - if it ever gets to a more normal 10, then we will be smiling.

Hey, Condog, where are you?

HOG 23.jpg

HOG 22.jpg

HOG 21.jpg
 
Monthly update released this morning.

http://www.asx.com.au/asxpdf/20110831/pdf/420ry6yjrdznht.pdf

Looks like they got through the Bishophite without issue and are planning on ramping up drilling over the next month to get it finished.

Also mentioned that they trialled a slightly larger choke size for increased gas production on the first well - do any O&G experts have any comment on this?

Still chugging along with neutral cashflow and plenty left in the bank and I love the fact that it's pretty tightly held.
 
Quite a significant jump today from 24c to 27c. on the back of the monthly drilling report. I think there are few desperate sellers.

As mentioned they have successfully negotiated the tricky Bishopite section of the drill and should hit some quite decent oil and gas reservoirs within a few weeks. (Given that the the site was successfully tested some years ago.)

The current SP doesn't even reflect the already successfully producing well and positive cash flow. Can't wait for the market to realise this pig will fly. :):)
 

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