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Hit a low today. They seem like they are at the right products and locations. Is this a "buy"?
December, FYI your quote machine is full of N/A's (it doesn't work). If someone were slightly interested in WestHawk and they tried to get a quote on your board...that wouldn't be so good.
FYI, whenever you create a board which features a Canadian stock, ALWAYS REVERSE THE SYMBOL so instead of whd.v it should have been typed by you v.whd...then your quote machine will work properly.
I don't know why that's so...it just is. I learned this from a paid member.
finally some news
West Hawk Expects Gas Production to Exceed Best Estimates
VANCOUVER, BRITISH COLUMBIA, Mar 5, 2007 (CCNMatthews via COMTEX News Network) --
West Hawk Development Corp. (the "Company") (TSX VENTURE:WHD)(FRANKFURT:H5N) is pleased to provide the following update on the results of the geophysical logging of the Company's first well drilled in the Piceance Basin:
A complete suite of open hole geophysical logs for the first well have been processed and analyzed. This well's net recoverable prospective resources (gas) from the Mesaverde, Cameo, Rollins, Cozzette, Corcoran, and Castlegate zones is 5.1 BCF, exceeding prior estimates by a factor of three. Gustavson Associates' Figure Four Property 51-101 report previously determined that the single well P90 recoverable prospective resources were 1.7 BCF. Gustavson Associates has reviewed the foregoing results and has determined that the foresaid prospective resource determinations are reasonable.
A work-over rig is on site and well completion is underway. Gas production will commence after formations are hydraulically fracture stimulated, flowed back, and connected to the installed gathering system for immediate product delivery to market.
The Bronco #27 rig has begun drilling on the second well completing to date a depth of approximately 2,000 feet with the surface casing currently being installed.
Weir International, possibly the world's best recognized coal mining and engineering consulting firm, has been commissioned to write the 43-101 reports for West Hawk Development Corp.'s Tulita (Northwest Territories), Ellesmere Island (Nunavut), and Groundhog coal properties. After an initial submission of the Northwest Territories report to the British Columbia Securities Commission (BCSC), the report as per BCSC's comments is being finalized. The Nunavut and Groundhog reports are currently being written and will be submitted.
Dr. Wm Mark Hart has said, "The test results on the first well are very exciting for West Hawk's shareholders and management alike, reaffirming the company's vision to develop gas albeit from either deep wells or coal gasification."
On behalf of the Board of Directors,
Dr. Wm. Mark Hart, President & CEO, Co-Chairman
Chris Verrico, Co-Chairman
About the Company: West Hawk Development Corp. is focused on exploring for and developing valuable, high-demand energy products from a variety of sources. Assets include the Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement with EnCana Oil & Gas (USA) Inc.; the Fort Norman coal deposit in the Northwest Territories; the Groundhog coal deposit located in northwest British Columbia; and the Ellesmere Island, Nunavut Territory coal property.
Cautionary note: This report contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has filed a National Instrument 51-101 Report on the Figure Four property. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
SOURCE: West Hawk Development Corp.
West Hawk Development Corp. Mark Hart President & CEO, Co-Chairman (604) 669-9330 (604) 669-9335 (FAX) Email: info@westhawkdevelopment.com Website: www.westhawkdevelopment.com
Copyright (C) 2007 CCNMatthews. All rights reserved.
I agree. Upside is .80-1.00.
You're right. On paper this company looks like a winner-in-the-making. But if you carefully read their last 2 news releases something isn't right.
For example, in December 19th PR, the Prez of their American subsidiary claims that they are starting to drill the first gas well on the Figure Four ranch in Colorado. The Prez goes on to say that they will be done late January or early February.
So what you say right? Well in their January 18th PR they state that they were delayed because of extremely cold weather and would be starting shortly but still expect to be done in the same time frame!!!
How can that be? 30 days have gone by from December 19th to January 18th news releases. That's a signifigant delay in drilling and yet they say they expect to be done in the same time frame late January or early February???
What were they planning to do use a super slow drilling crew when they tried drilling on December 19th and now a super fast crew per the January 18th news release?
Sorry to be sarcastic but I've lost money with some penny stocks and everytime I see an obvious gaffe, I get a very uneasy feeling.
My guess is that something embarrasing... possibly negative had happened, and they tried to cover it in a rather clumsy fashion.
Why can't companies be honest with their shareholders? Is it their pride or their fear that makes them fib?
they increased the PP to 2.5 million and I hear that it is still oversubscribed-someone wants into this story big.
Pick some here for a 3 year ride
I have spoken to the prez.
Been in the stock for almost 6 months. Teh bounce is here and looks ready to head past the 52 week high.
Hello december. I have heard of WHD when they were in the thirties. How long have you been a shareholder?
I am thinking of having the company send me an investors kit.I have also bookmarked your board.
Have you talked with the Prez by phone? With many Canadian companies you can do that.
Big move this week with a bounce off of .50. PRs are telling us that things are looking up with WHD.
West Hawk Announces Increase to Financing
January 19, 2007 - Vancouver, B.C.: West Hawk Development Corp. (the "Company") (TSX.V - WHD, Frankfurt - H5N) is pleased to announce an increase to the previously announced non-brokered private placement (see NR Jan 16, 2007). The Private Placement will now consist of up to 5,000,000 units priced at $0.50 per unit for gross proceeds of $2,500,000. Each unit will consist of one common share of the Company, and one non-transferable share purchase warrant. Each non-transferable share purchase warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.75 for a period of two years from the closing of the financing.
Gross proceeds to the Company from the sale of all 5,000,000 units will be $2,500,000 which will be used towards completion of wells 1 and 2 at the Company's Figure Four natural gas property (approximately $1,500,000), and for general working capital purposes (approximately $1,000,000). The shares purchased as part of this financing, and the accompanying share purchase warrants will be subject to a four month hold period as per TSX venture exchange policy. A finders fee may be payable on a portion or all of the units sold as part of this financing. This offering is subject to approval of the TSX Venture Exchange.
On behalf of the Board of Directors,
Chris Verrico, Co-Chairman
West Hawk Development Corp.
THE TSX VENTURE EXCHANGE HAS NOT YET REVIEWED AND DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
About the Company: West Hawk Development Corp. is focused on exploring for and developing valuable, high-demand energy products from a variety of sources. Assets include the 500 billion cubic feet (estimated resources as per NI51-101 report) Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement with EnCana Oil & Gas (USA) Inc.; the Fort Norman coal deposit in the Northwest Territories; the Groundhog coal deposit located in northwest British Columbia; and the Ellesmere Island, Nunavut Territory coal property.
Cautionary note: This report contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has filed a National Instrument 51-101 Report on the Figure Four property. A National Instrument 43-101 report has been filed on the Groundhog property. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
Contacts
North America
West Hawk Development, +1-604-669-9330
Email: news@westhawkdevelopment.com
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