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Last C$0.13 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 9:30 AM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

hawk exploration ltd-a (HWK/A) Snapshot

Open
C$0.13
Previous Close
C$0.13
Day High
C$0.13
Day Low
C$0.13
52 Week High
08/6/14 - C$0.55
52 Week Low
07/28/15 - C$0.13
Market Cap
6.1M
Average Volume 10 Days
50.6K
EPS TTM
C$-0.02
Shares Outstanding
45.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HAWK EXPLORATION LTD-A (HWK/A)

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hawk exploration ltd-a (HWK/A) Details

Hawk Exploration Ltd. acquires, explores for, develops, and produces crude oil and natural gas in Western Canada. The company’s principal oil and gas properties are located in the Plains area of Alberta and Saskatchewan. Hawk Exploration Ltd. was founded in 2009 and is headquartered in Calgary, Canada.

6 Employees
Last Reported Date: 05/26/15
Founded in 2009

hawk exploration ltd-a (HWK/A) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: C$165.0K
Chief Financial Officer
Total Annual Compensation: C$165.0K
Vice President of Land and Corporate Secretar...
Total Annual Compensation: C$165.0K
Vice President of Business Development
Total Annual Compensation: C$165.0K
Vice President of Exploration
Total Annual Compensation: C$165.0K
Compensation as of Fiscal Year 2014.

hawk exploration ltd-a (HWK/A) Key Developments

Hawk Exploration, Ltd. Announces Amendment to the Credit Facility

Hawk Exploration Ltd. announces that the credit facility has been amended to $11 million, down from the previous credit facility of $13.5 million. This reduction is primarily a result of reduced commodity prices. The amended credit facility of $11 million now consists of a $7 million revolving demand facility and a $4 million term facility. The $4 million term facility requires principal repayments of $2 million by December 31, 2015 and $2 million by May 31, 2016. Principal repayments under the term facility are expected to be funded by way of cash flow from operations, however additional sources of financing may be required.

Hawk Exploration, Ltd. Reports Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Production Guidance for the Second Quarter of 2015

Hawk Exploration, Ltd. reported earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company's petroleum and natural gas sales were CAD 2,450,000 compared to CAD 4,661,000 a year ago. Cash flow from operations was CAD 730,000 or CAD 0.02 per share compared to CAD 1,759,000 or CAD 0.05 per share a year ago, due to the dramatic decrease in oil prices in the first quarter of 2015, despite an 11% increase in production volumes. Comprehensive loss was CAD 738,000 or CAD 0.02 per share compared to CAD 651,000 or CAD 0.02 per share a year ago. Capital expenditures were CAD 727,000 compared to CAD 2,869,000 a year ago. For the quarter, the company's crude oil and natural gas liquids (bbl/d) was 758 compared to 681 a year ago. Natural gas (mcf/d) was 125 compared to 125 a year ago. Total (boe/d) was 779 compared to 702 a year ago. The company expects second quarter 2015 production to average approximately 680 boe/d. This decrease from the first quarter of 2015 is attributed to production curtailment associated with spring break up, the shut in of some uneconomic production volumes during the first and second quarters of 2015 and natural declines. Current production is approximately 720 boe/d, based on field estimates.

Hawk Exploration, Ltd. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Production Results for the Year 2014; Provides Production Guidance for the Second Quarter of 2015; Provides Capital Budget for the First Half of the 2015

Hawk Exploration, Ltd. reported earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported petroleum and natural gas sales of $4,136,000 against $3,795,000 for the same period in the last year. Cash flow from operations was $1,816,000 against $1,298,000 for the same period in the last year. Capital expenditures were $3,453,000 against $3,105,000 for the same period in the last year. Comprehensive income was $397,000 or $0.01 per share against comprehensive loss of $1,532,000 or $0.05 per share for the same period in the last year. For the year, the company reported petroleum and natural gas sales of $18,402,000 against $15,394,000 for the same period in the last year. Revenue for the year increased by 20% in 2014 from 2013 as a result of increased annual production and improved pricing in 2014. Cash flow from operations was $7,256,000 against $6,221,000 for the same period in the last year. Capital expenditures were $10,669,000 against $8,894,000 for the same period in the last year. Comprehensive income was $212,000 against comprehensive loss of $1,292,000 or $0.04 per share for the same period in the last year. The company reported production results for the year 2014. The company's 2014 annual production increased 8% to 691 boe/d compared to 637 boe/d in 2013. In 2014, Hawk drilled twelve (11.3 net) wells resulting in nine (8.6 net) producing oil wells in its core area of western Saskatchewan. The theme of the 2014 drilling program was to discover new accumulations of oil in areas where the Corporation had a large existing land base so that discovery wells could be followed up with multiple development drilling locations. In this regard Hawk was very successful. New discoveries were made in the Forest Bank, Yonker, Rush Lake and Eureka areas, all of which will provide for additional drilling. In the Forest Bank area, the Corporation has shot a large three dimensional seismic program which has identified six (3.9 net) additional development drilling locations and ten (6.5 net) recompletion candidates. In Yonker, Hawk's discovery well is still producing at 75 barrels of oil per day and the Corporation has identified four (4.0 net) additional follow up wells. At Rush Lake, Hawk plans on drilling two (2.0 net) horizontal wells and one (1.0 net) vertical well to follow up on its most recent successful step out well. In the Eureka area, the Corporation has identified six (6.0 net) horizontal locations directly offsetting its most recent horizontal well. The company also plans to drill 1.0 net additional vertical well in its core area of Coleville (Eureka) in the second quarter of 2015 which will earn the corporation a 100% working interest in 480 acres of land under a farm-in agreement. The company expects capital in the first half of the 2015 to be approximately $1.5 million. Hawk plans to disclose its second half 2015 budget when it announced it first quarter financial results on or about May 27, 2015.

 

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HWK/A

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Valuation HWK/A Industry Range
Price/Earnings 42.2x
Price/Sales 0.4x
Price/Book 0.2x
Price/Cash Flow 0.9x
TEV/Sales -- Not Meaningful
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