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Tuesday, August 26, 2008 5:33:59 PM
West Hawk Development Drilling Update on Groundhog and Figure 4 Projects
Tuesday August 26, 4:57 pm ET
http://biz.yahoo.com/ccn/080826/200808260482130001.html?.v=1
DENVER, COLORADO--(Marketwire - Aug. 26, 2008) - West Hawk Development Corp. (TSX VENTURE:WHD - News; FRANKFURT:H5N - News; the "Company") is pleased to provide updates on the British Columbia, Groundhog coal project, Oklahoma/Arkansas metallurgical coal project, Colorado natural gas project and the West Hawk Petrobras due diligence process.
British Columbia-Groundhog Drilling Update
- Mine office has been established in Hazelton, British Columbia.
- Hole 1 drilling has been completed and core analysis is in progress.
- Hole 2 drilling in progress.
West Hawk would also like to announce that it has completed the 120 day due diligence on the Oklahoma/Arkansas Metallurgical Coal Mine which began in May, 2008.
Colorado Figure 4
- Well 5 drilling is projected to be completed today and the rig will move to well 7. A second rig will start well 6 shortly. The two Niobrara wells will be drilled in the fall.
- Wells 1, 2, 3 and 4 production optimization program is in progress.
- Two rigs will be drilling throughout September.
"Based on the progress that is being made it is evident that New Tech Engineering, West Hawk's independent drilling and completion contractor, continues to add tremendous value to the Figure 4 project," said Gonzalo Torres Macchiavello, President and CEO Americas, West Hawk Development.
Petrobras Figure 4 Update
- Petrobras due diligence process nearing completion.
- 12 continuous weeks of technical and commercial analysis have occurred.
On behalf of the Board of Directors,
Wm. Mark Hart, President and Chief Executive Officer
About the Company: West Hawk Development Corp. is focused on providing 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; the Groundhog coal property located in northwest British Columbia; the Tulita coal property located in the Northwest Territories; and the Ellesmere Island, Nunavut Territory coal property.
Cautionary Note: This news release contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specially noted, are considered speculative. The Company has filed a National Instrument 51-101 Report on the Figure Four property. The Company has filed National Instrument 43-101 Reports for each of the Groundhog coal property in British Columbia, the Tulita coal property in the Northwest Territories, and the Nunavut coal 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 and development activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary note to U.S. 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.
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.
Contact:
Wm. Mark Hart
West Hawk Development Corp.
President and Chief Executive Officer
1-800-830-0988
Website: http://www.westhawkdevelopment.com
--------------------------------------------------------------------------------
Source: West Hawk Development Corp.
PEAK OIL #board-6609
PEAK OIL - SUSTAINABLE LIVING #board-9881
PEAK WATER #board-12656
Solar #board-11148
Grass Roots #board-9037
Tuesday August 26, 4:57 pm ET
http://biz.yahoo.com/ccn/080826/200808260482130001.html?.v=1
DENVER, COLORADO--(Marketwire - Aug. 26, 2008) - West Hawk Development Corp. (TSX VENTURE:WHD - News; FRANKFURT:H5N - News; the "Company") is pleased to provide updates on the British Columbia, Groundhog coal project, Oklahoma/Arkansas metallurgical coal project, Colorado natural gas project and the West Hawk Petrobras due diligence process.
British Columbia-Groundhog Drilling Update
- Mine office has been established in Hazelton, British Columbia.
- Hole 1 drilling has been completed and core analysis is in progress.
- Hole 2 drilling in progress.
West Hawk would also like to announce that it has completed the 120 day due diligence on the Oklahoma/Arkansas Metallurgical Coal Mine which began in May, 2008.
Colorado Figure 4
- Well 5 drilling is projected to be completed today and the rig will move to well 7. A second rig will start well 6 shortly. The two Niobrara wells will be drilled in the fall.
- Wells 1, 2, 3 and 4 production optimization program is in progress.
- Two rigs will be drilling throughout September.
"Based on the progress that is being made it is evident that New Tech Engineering, West Hawk's independent drilling and completion contractor, continues to add tremendous value to the Figure 4 project," said Gonzalo Torres Macchiavello, President and CEO Americas, West Hawk Development.
Petrobras Figure 4 Update
- Petrobras due diligence process nearing completion.
- 12 continuous weeks of technical and commercial analysis have occurred.
On behalf of the Board of Directors,
Wm. Mark Hart, President and Chief Executive Officer
About the Company: West Hawk Development Corp. is focused on providing 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; the Groundhog coal property located in northwest British Columbia; the Tulita coal property located in the Northwest Territories; and the Ellesmere Island, Nunavut Territory coal property.
Cautionary Note: This news release contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specially noted, are considered speculative. The Company has filed a National Instrument 51-101 Report on the Figure Four property. The Company has filed National Instrument 43-101 Reports for each of the Groundhog coal property in British Columbia, the Tulita coal property in the Northwest Territories, and the Nunavut coal 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 and development activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary note to U.S. 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.
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.
Contact:
Wm. Mark Hart
West Hawk Development Corp.
President and Chief Executive Officer
1-800-830-0988
Website: http://www.westhawkdevelopment.com
--------------------------------------------------------------------------------
Source: West Hawk Development Corp.
PEAK OIL #board-6609
PEAK OIL - SUSTAINABLE LIVING #board-9881
PEAK WATER #board-12656
Solar #board-11148
Grass Roots #board-9037
PEAK OIL #board-6609
PEAK OIL - SUSTAINABLE LIVING #board-9881
PEAK NATURAL RESOURCES #board-12910
PEAK WATER #board-12656
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