Hawk Exploration Ltd. (TSXV: HWK-B.V.) reports an update in its western Saskatchewan and eastern Alberta operations.
Hawk's 4Q 2012 production averaged approximately 590 barrels of oil equivalent per day, a 36% increase from 4Q 2011, while current production is 600 barrels of oil equivalent per day weighted 95% to crude oil.
Hawk is planning an active drilling program in 1Q 2013 and expects to drill five vertical wells targeting heavy oil at Silverdale and Dulwich in western Saskatchewan in 1Q 2013. Hawk expects to drill three vertical wells at Silverdale targeting the Sparky formation delineated from three dimensional seismic data shot in 4Q 2012.
Hawk has also recently completed three separate two dimensional seismic programs in western Saskatchewan and eastern Alberta which are expected to lead to vertical oil drilling in 2Q and 3Q 2013. The five well vertical drilling program is anticipated to start later in February, depending on rig availability.
Hawk is Calgary-based company engaged in the exploration, development and production of conventional crude oil and natural gas in Western Canada.