Hawk Exploration Ltd. provide an operations update and a summary of its December 31, 2013 reserve information as evaluated by GLJ Petroleum Consultants Ltd. (GLJ).
OPERATIONS
During the first quarter of 2014, Hawk drilled three (3.0 net) wells targeting heavy oil in the Neilburg area of westernSaskatchewan and the Lloydminster area of Alberta and one (1.0) vertical well targeting light oil in the Redwater area of eastern Alberta. The three (3.0 - net) heavy oil wells have all been completed and are currently on production at a combined rate of 105 bbl/d of crude oil.
The Redwater well was completed but did not produce economic quantities of oil. Hawk's current production is approximately 775 boe/d and expects first quarter 2014 production to average approximately 715 boe/d.
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Hawk Exploration Ltd.
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