Hawkley Oil and Gas Limited

ABN: 68 115 712 162

Suite 3 / Level 3, 1292 Hay Street

West Perth WA 6005

PO Box 1091

West Perth WA 6872

t: +61 8 9226 3211 f: +61 8 9322 4073

e: [email protected]
ASX Announcement - 27th November 2014

Update on Sorochynska 201 Well

Hawkley Oil and Gas Limited ("Hawkley" or "the Company", ASX: HOG) provides the following update concerning the decrease in gas production at Well 201 on the Sorochynska licence.
Well 201 had been exhibiting a measured decline in production in line with expected performance. However a sudden unanticipated increase in this rate of decline prompted the company to suspend trading in its shares pending further investigation. Well 201 is still producing, though at a reduced rate in the order of 40% below expectation, and investigation into the more accelerated recent decline is ongoing.
The Company has initiated a detailed technical assessment as to the reason for the well's changed performance and its rectification. Preliminary information indicates that means to restore well performance are available. Further information will be released as and when available.
ENDS
For more information, please contact:
Glenn Featherby - Executive Chairman
Hawkley Oil & Gas Limited
Ph: 08 9226 3211 www.hawkleyoilandgas.com

www.hawkleyoilandgas.com

Directors

Glenn Featherby
Executive Chairman
Bill Foster
Non-Executive Director
Anthony Reilly
Non-Executive Director

Share Information

ASX Code: HOG Shares on Issue: 288.2M Options on Issue: 13.0M Share Price*: 0.6¢ Market Cap*: $1.72M
*As at 26 November 2014