HOG - Hawkley Oil and Gas

[WRONG'UN]

Hypothetically, if HOG was earning $2 million a year then it 'should' be worth somewhere around $31 million, or .10 cents a share, using a sector average P/E of 15.76 (http://www.reuters.com/finance/stocks/financialHighlights?rpc=66&symbol=HOG.AX)

Obviously this doesn't take into account public sediment, which has had a huge effect on this stock.

Anyway, I'm just sticking my nose in as I'm dabbling in shares again (found some money in a shoebox ) and I have always had an attachment to HOG. That and they made me a bit of money in the .55c days.

Thanks for the info fellas.

Quite right, Easy - and that's just on the production from their one producing well - they also have the value of their other licences, including the associated geotech from the two non-productive wells they have drilled, or is otherwise available. They need more cash than they have got to put down another well, but a farmout is on the cards.

Good luck

 

[junior share]

Quite right, Easy - and that's just on the production from their one producing well - they also have the value of their other licences, including the associated geotech from the two non-productive wells they have drilled, or is otherwise available. They need more cash than they have got to put down another well, but a farmout is on the cards.

Good luck

Wonder what takes them so long to get a good farmout partner and close the deal...

 

[junior share]

update

Q2 numbers and update this week...

 

[junior share]

Re: update

Q2 numbers and update this week...

In the green again....

 

[WRONG'UN]

Re: update

Just noticed this - I doubt if HOG will like it!

http://www.mining.com/web/who-needs-russia-ukraine-will-destroy-itself-with-new-gas-tax/

 

[junior share]

Re: update

Just noticed this - I doubt if HOG will like it!

http://www.mining.com/web/who-needs-russia-ukraine-will-destroy-itself-with-new-gas-tax/

No i don t think they will....

 

[junior share]

Trading halt

....

 

[easylikesunday]

Proposed Sale of Hawkley Oil and Gas Limited Subsidaries to Black Star Petroleum Limited

Hawkley Oil and Gas Limited (“Hawkley” or “the Company”, ASX:
HOG) announces that it has entered into a binding terms sheet for the proposed sale ("Proposed Sale") of Hawkley's four wholly owned subsidiaries: Janita Global Limited, Ukraine Investments Pty Ltd, Ukraine Gas Investments Pty Ltd and Prime Gas LLC ("the Subsidiaries") to Black Star Petroleum Limited ("BlackStar", ASX: BSP).
The Subsidiaries control all of Hawkley's Ukraine operations.

The consideration to be paid by BlackStar to Hawkley will be 600,000,000 fully paid BlackStar ordinary shares, which will be distributed directly to Hawkley shareholders.

Following completion of the sale, one Australian based nonexecutive director nominated by Hawkley will be appointed to the board of BlackStar. Hawkley’s Executive Chairman, Mr. Glenn Featherby, will not be nominated for the board of BlackStar.

 

[junior share]

Merger has potential i think.

 

[prawn_86]

Merger has potential i think.

HI JS,

What potential do you think it has and why do you think that? The more info you provide the more likely you are to generate further discussion

Thanks

 

[junior share]

Black stars Nebraska Oil Project is within the Niobrara Formation and what i see correct me if i am wrong is they have to finish 3th drilling well do one frack on all three wells and than it could be a producer also. If this is all going to happen we have both production in the Ukraine (201) and the USA (more investor friendly and no war in the area)
There are risks of course but thats live and since the ukraine is a bit unpredictable spreading the risk is best i ques.

 

[junior share]

Merger has potential i think.

However it is not a merger. Spreading the risk is a good thing for the company.

 

[junior share]

is bad luck ever coming to an end here?
Trading halt again 201 production decrease.

 

[junior share]

blackstar cancels the hog deal...

no many of the hawkleys nr's had been finalised iaw what they had in mind last year or so.

 

[basilio]

The HOG has been barbecued....

Seems like the well has dried up and there ain't nothing left to sell. Sad.

 

[junior share]

Trading halt

again....
If this is in line with all the bad news they released in the past year it can't be good this time too.... Hope i am wrong.

 

[junior share]

HOG - Hawkley Oil and Gas news

http://203.15.147.66/asx/research/company.do#!/HOG

 

[junior share]

Gave up the hope here glta

 

[easylikesunday]

Ok followers.. This one worth a punt? New board, $2mill market cap, in 'talks' with potential deal.

I have been a long time follower/investor of old HOG, and I'm back in. I heard a heartbeat....

 

[basilio]

Ok followers.. This one worth a punt? New board, $2mill market cap, in 'talks' with potential deal.

I have been a long time follower/investor of old HOG, and I'm back in. I heard a heartbeat....

Certainly you heard a heartbeat. It was the pitter patter of the new/old Board looking for some fresh meat. Perhaps they can dust off some old promising oil wells....