Hawkley Oil & Gas
Hawkley Oil & Gas - Primed for Growth

Our Assets

On 24 October 2019, the Company announced that it had entered into an agreement to acquire an approximately 33% working interest and operatorship of a producing oil and gas project located in Burke County, North Dakota, USA.

The North Dakota project comprises 10 wells (7 of which are in production) in 6,600 gross acres and with 29 identified horizontal drilling locations. The project s focused on the Midale/Nesson formations within the Williston Basin (there are presently around 300 producing wells in the area).

During the year ending 30 June 2019, total production for the project averaged 133 barrels of oil per day (BOPD), plus a further 368 MCF (61 equivalent BOPD) of natural gas and 42 equivalent BOPD natural gas liquids. It achieved not operation cash flows of approximately US$1.15m (being approximately US$0.4m for the Company's proposed 33% acquisition interest).

Hawkley is considering a number of options to increase production rates and reduce operating expenses following completion of the acquisition. These include installing a salt water disposal system, carrying out workovers and recompletions of existing wells and drilling new wells.

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