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BRIEF-Hawk Exploration sees negative cash flow for Q1

Published 2016-04-20, 08:27 a/m
© Reuters.  BRIEF-Hawk Exploration sees negative cash flow for Q1
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April 20 (Reuters) - Hawk Exploration Ltd HWKa.V
* Hawk announces 2015 annual financial results and filing of
reserves data
* Qtrly comprehensive income per share $0.05
* Qtrly petroleum and natural gas sales $ 1.901 million
versus $ 4.1 million
* Current production estimated at about 575 boe/d with an
additional 125 bbl/d of shut-in production from higher operating
cost wells
* Expects to reactivate these wells once price of oil has
improved
* No capital spending in Q1, minimal capital planned
remainder of year unless commodity prices increase
* Expected to report negative cash flow for Q1 of 2016

Source text for Eikon: ID:nMKWBd7l7a
Further company coverage: HWKa.V

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