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Hawkley reports award of a 5 year exploration licence for Chernetska


Published Jul 16, 2012
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Hawkley O&G-2

Hawkley report the award of a 5 year exploration licence for the Chernetska licence by the Ukrainian State Geological Department.

The award of this licence extends Hawkley's sole exploration rights over this prospective licence.

The Chernetska Licence, located in the northern part of the prolific Dnieper-Donets Basin, is 100% owned and operated by Hawkley. A resource evaluation carried out by Moyes & Co ('Moyes'), an independent expert based in Dallas, estimated the Licence had significant upside with prospective resources* of 379 Bcf (P50).

Tags: Hawkley O&G




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