Hawk Exploration Ltd. announce an operational update and provide guidance on the Corporation's 2015 capital budget.
Hawk drilled three (3.0 net) oil wells in western Saskatchewan in the fourth quarter of 2014 all of which are now currently on production. At Rush Lake, the Corporation drilled one (1.0 net) slant well in the fourth quarter of 2014 which encountered oil pay in the Waseca and Sparky/GP formations. This well is directly offsetting an existing Sparky/GP pool and a proposed SAGD thermal development in the Sparky/GP formation. Hawk's well has been on production since the start of December 2014 from the Sparky/GP formation and is currently averaging approximately 55 barrels of oil per day (bopd).