HAWK EXPLORATION LTD. CL. A V.HWK.A

98% Oil and Liquids - Very Clean Balance Sheet

[perdikaoilgas]

As shown in the latest drilling results, the company's production remains 100% oil and 0% natural gas.

Meanwhile, it currently trades just 2 times its EBITDA and less than $30,000 per flowing barrel although we talk for 98% oil. This is a valuation only for a natural gas producer but HWK is not a natural gas producer.

Furthermore, it has zero debt problems because the net debt is just 1 times the EBITDA.

So we will not stay below C$0.35 for long.

[perdikaoilgas]

Operational Update Hawk drilled three (3.0 net) oil wells in western Saskatchewan in the fourth quarter of 2014 all of which are now currently on production. At Rush Lake, the Corporation drilled one (1.0 net) slant well in the fourth quarter of 2014 which encountered oil pay in the Waseca and Sparky/GP formations. This well is directly offsetting an existing Sparky/GP

[perdikaoilgas]

At C$0.24, Hawk trades well below 2 times the EBITDA actually.