So another day, another report from HAWK.
I did try, honest, I did. Unfortunately, however, it woudl appear, to my eyes anyway, to be yet another piece of puff with nothing of any real substance in it.
Wow, revenues from production increased more than threefold over the same period in 2008, more than twice the revenue for the whole of the year to June 2009. Oh, to $1.01m.
Yet :
"We continue to be encouraged by the progress we are making with our operations. Over 260 wells deemed commercial have been drilled, cased and completed during the past 30 months and we are beginning to see progress with production. At Jolly Ranch we are applying the optimal completion techniques to the existing wells, and are focused on increasing production as rapidly as possible from the current base.
So, 260 commercial wells drilled over 30 months and they have $1.01 revenues and production rates are.... oh my, I think Im losing the will to live. So many questions left unanswered again.
Sorry If im sounding somewhat weary and skeptical about HAWK but what do people see in it to justify the rise in the SP today. Certainly not enough information for me. Time for me to don the old flak jacket I guess bearing in mind the somewhat heated spit of opinion over HAWK.
